Prepare 1z0-1057-22 Question Answers - 1z0-1057-22 Exam Dumps
Real Oracle 1z0-1057-22 Exam Questions [Updated 2023]
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NEW QUESTION 53
Which three are true of what you can do in the Project Requirements work area?
- A. Create project tasks for backlog items.
- B. Organize backlog items by requirements.
- C. Create an execution project.
- D. Manage your list of backlog items.
- E. Create an implementation project.
Answer: A,B,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapem/manage-project-requirements.html#OAPEM874365 Project Requirements: Explained Requirements enable you to capture your business needs. If you manage projects using the Agile development methodology, you start by identifying the high-level requirements and decomposing them further to manage the completion of work on the requirement.
You use the Project Requirements work area to:
Organize backlog items by requirements
Manage your list of backlog items
Create project tasks for backlog items
NEW QUESTION 54
Which three are project gate statuses? (Choose three.)
- A. In Review
- B. Draft
- C. Open
- D. Approve
- E. Closed
Answer: C,D,E
NEW QUESTION 55
Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)
- A. Funding source class category is assigned to all project types.
- B. Product class category is not enabled for "available as accounting source".
- C. Funding source class category is enabled for "available as accounting source".
- D. Funding source class category is not enabled for "available as accounting source".
Answer: D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuration-define-types-and-categorizations.html#OAPFM222700 Topic - Manage Project Class Categories Setting Up Class Categories: Points to Consider Available as Accounting Source This option indicates if the class category is available as an accounting source so that Oracle Fusion Subledger Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.
Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting. To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category and create a new one with a different date range.
NEW QUESTION 56
You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Which two are correct statements in this scenario? (Choose two.)
- A. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
- B. The association of a deliverable with a task is dependent on associating a requirement with a task.
- C. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
- D. You associate a deliverable with a task independent of associating a requirement with a task.
Answer: A,B
NEW QUESTION 57
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. Transaction Source Options
- B. Document Entry Options
- C. Import Options
- D. Document Options
Answer: A
Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm
NEW QUESTION 58
Stigma consulting has been hired by a client to implement Project Management Cloud. Which role should they assign to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook?
- A. Project Executive
- B. Project Administrator
- C. Project Application Administrator
- D. Project Integration Specialist
Answer: B
NEW QUESTION 59
You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)
- A. The organization is not classified as a project expenditure organization.
- B. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
- C. The organization is classified as a project unit.
- D. The organization is not classified as a project-owning organization.
Answer: A,B
Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf Chapter 3 - Define Project Organizations Page # 12 Topic - Selecting Organization Hierarchies for the Business Unit The following conditions are required for an organization to be eligible to be a project expenditure organization:
You must assign the Project Expenditure Organization classification to the organization.
The organization must belong to the hierarchy that you specify in the project implementation options for the business unit.
NEW QUESTION 60
Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.
Where will you maintain the accounting period statuses if this option has been enabled?
- A. Subledger Accounting
- B. General Ledger
- C. Project Costing
- D. Project Foundation
Answer: D
NEW QUESTION 61
Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)
- A. Accounting Method
- B. Accounting Rule
- C. Mapping Sets
- D. Journal Rules
- E. Supporting References
Answer: E
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357 Assignment of Supporting References Supporting references may be used to capture transaction values on journal entry lines. A supporting reference can be used on a journal entry rule set only if it's assigned a source from the event class of the journal entry rule set.
Creating Supporting References: Explained
Supporting references are used to store additional source information about a subledger journal entry at the line level.
Supporting references with balances establish subledger balances for a particular source and account for a particular combination of supporting references plus the account combination.
For example:
If a journal line contains a supporting reference that includes two sources, Customer Type and Customer Name.
Balances are created for the account combination, plus customer name and customer type.
Examples of how you may want to use supporting reference balances are to:
Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with transaction and reference attributes.
Create balances by dimensions not captured in the chart of accounts.
Reporting using dimensions not captured in the chart of accounts.
Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals.
Profit and loss balances by dimensions not captured in the chart of accounts Define supporting references to hold additional supporting information for detailed account balance maintenance or reconciliation and reporting requirements.
NEW QUESTION 62
You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window. Which two steps should be completed before you can access the "Create Infolet" option?
- A. You must activate Page Composer.
- B. You should be on the Project Custom Objects page.
- C. You must be in an active sandbox.
- D. You should enable the "Create Infolet" option from the Personalize Springboard page.
Answer: A,C
Explanation:
Ref: https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.html#OAEXT1640891
NEW QUESTION 63
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
- A. Category Member
- B. Scenario Member
- C. Time Member
- D. Accounts Member
Answer: D
NEW QUESTION 64
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)
- A. Project Creator Template for Project Organization Security
- B. Project Billing Specialist Template for Project Organization Security
- C. Project Manager Template for Project Organization Security
- D. Project Administrator Template for Project Organization Security
- E. Project Accountant Template for Project Organization Security
Answer: A,D
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1722595 Ref to "Securing Project Financial Management and Grants Management Applications" Table lists predefined enterprise roles and the type of security that grants the role access to data in a work area or dashboard.
Enterprise Role
Work Area or Dashboard
Data Security Based On
Project Accountant
Asset
Project business unit
Project Accountant
Costs
Project expenditure business unit
Project Accountant
Revenue
Contract business unit
Project Administrator
Project Financial Management
Project business unit
Project organization
Project Billing Specialist
Invoices
Contract business unit
Project Creator
Project Financial Management
Project business unit
Project organization
Project Management Duty
Project Management Infolet Dashboard
Project assignment
Project Management Duty
Project Performance Dashboard
Project assignment
Project Manager
Project Management Infolet Dashboard
Project assignment
Project Manager
Project Performance Dashboard
Project assignment
Project Manager
Project Management
Project assignment
Project Manager
Project Manager Dashboard
Project assignment
Project Team Member
Project Financial Management
Project assignment
Grants Accountant
Invoices
Contract business unit
Grants Accountant
Revenue
Contract business unit
Grants Administrator
Awards
Contract business unit
Grants Administrator
Contracts
Contract business unit
Grants Administrator
Project Financial Management
Project business unit
Principal Investigator
Awards
Award assignment
Principal Investigator
Contracts
Award assignment
Principal Investigator
Project Financial Management
Project assignment
NEW QUESTION 65
As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter.
What is the reason for this problem?
- A. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
- B. All expenditure items charged to the task use the new burden schedule.
- C. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
- D. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
Answer: C
Explanation:
Reference https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071482
NEW QUESTION 66
Which three are valid password complexity criteria while setting up password policies? (Choose three.)
- A. Simple: At least 8 characters and 1 number
- B. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character
- C. Complex: At least 8 characters, 1 uppercase, and 1 number
- D. Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters
- E. Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character
Answer: B,C,D
NEW QUESTION 67
Your customer has the following setups on the project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, you perform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)
- A. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
- B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
- C. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
- D. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/manage-project-plan-tasks-and-task-assignments.html#OAPJF75076
NEW QUESTION 68
Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?
- A. JSON
- B. XML
- C. XLSX
- D. CSV
Answer: D
NEW QUESTION 69
While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)
- A. project organization
- B. project type
- C. project unit
- D. project classification
Answer: B
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF220111 Asset Cost Allocation Methods The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level Asset Cost Allocation Methods The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset
NEW QUESTION 70
You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)
- A. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
- B. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
- C. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
- D. A document entry such as straight time must be enabled for cross-charge transactions.
Answer: B,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-billing-configuration-define-transfer-pricing.html#OAPFM3094619
NEW QUESTION 71
You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)
- A. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
- B. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
- C. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
- D. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
Answer: A
Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 - Define Project Organizations Topic - Set Assignments and Project Data - How They Work Together (Page 29) Business Unit as Set Determinant Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.
Business unit is a set determinant for the project-related reference data objects described in the following table.
Ref Data Object
Entities
Project Accounting Definition
Project Types
Project Rates
Project rate schedules
Project Unit as Set Determinant
Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table.
Ref Data Object
Entities
Project Definition
Class codes, financial plan types, project plan types and project roles Project Transaction Types Expenditure types and work types You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities
NEW QUESTION 72
Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)
- A. Enable track missing time at business unit.
- B. Enable track missing time at project template.
- C. Enable track missing time at project type.
- D. Enable track missing time at project unit.
Answer: D
NEW QUESTION 73
Identify three purposes for which the project resource search index is used. (Choose three.)
- A. Provide absence details for resources
- B. Display resource details
- C. Filter counts while you search for resources
- D. Calculate Resources Availability Scores
- E. Calculate Resource Qualification Scores
Answer: A,B,E
NEW QUESTION 74
You have four resources in your organization: P, Q, R, and S.
Resource P - Project or resource calendar is active.
Resource Q - Project resource request dates are within the project or resource calendar effective dates.
Resource R - Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S - Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)
- A. Q
- B. P
- C. R
- D. S
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.html#OAPEM916359 Topic - Resource Available Capacity Score: How It's Calculated Calendars Used to Calculate Resource Available Capacity Scores How the Resource Available Capacity Score Is Calculated
NEW QUESTION 75
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