1Z0-1057-22 Online Practice Questions and Answers
You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)
A. There is no expenditure type information available on the distribution set line.
B. There is no expenditure organization information available on the distribution set line.
C. There is no expenditure item date information available on the distribution set line.
D. The account code combination is not available on the distribution set line.
You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)
A. 1000
B. 900
C. 800
D. 600
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)
A. Accounting date is the same as the original invoice date.
B. Project accounting date is the same as the original invoice date.
C. Project accounting date is the first day of the first open project accounting period.
D. Project accounting date is the last day of the open project accounting period.
E. Accounting date is the first day of the first open accounting period.
Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted". Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)
A. Import Options
B. Document Options
C. Transaction Source Options
D. Document Entry Options
Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)
A. Event completion flows from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
B. Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
C. Summarized actual quantity and cost flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
D. Projects and task definitions flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
E. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
Which setup option is common to both financial and project plan types?
A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
B. Enable the entry of plan amounts in currencies other than the project currency.
C. Identify whether the plan type is the default selection when you create budget or forecast versions.
D. Enable the use of a workflow for managing budget or forecasting status changes.
Which four notification templates are predefined?
A. Password Reset Template
B. New Account Template
C. Forgot Password Template
D. Forgot Username Template
E. New Account Manager Template
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)
A. Create a revenue method with a revenue method classification of Amount Based.
B. Create a revenue method with a revenue method classification of Rate Based.
C. Create a revenue method classification with a revenue method of Percent Spent.
D. Create a revenue method classification with a revenue method of Percent Complete.
Which two statements describe how the Resource Qualification Score is calculated?
A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
B. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.
You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error. Identify two reasons for this problem. (Choose two.)
A. The corresponding Oracle Payables Cloud accounting period has not been closed.
B. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
C. Pending burden summarization items have not been processed.
D. Unaccounted transactions are not imported.
E. Unaccounted transactions have not been swept to the next period.