New 1Z0-1057-21 Dumps For Preparing Project Financials Management Cloud Certified Oracle Exam Well
Updated 1Z0-1057-21 Dumps Questions Are Available [2022] For Passing Oracle Exam
NEW QUESTION 54
Yourcustomer 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. Mapping Sets
- C. Accounting Rule
- D. Supporting References
- E. Journal Rules
Answer: D
Explanation:
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 transactionvalues 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 accountcombination.
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 touse 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 referencesto hold additional supporting information for detailed account balancemaintenance or reconciliation and reporting requirements.
NEW QUESTION 55
Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)
- A. Fixed Asset
- B. Purchasing
- C. Receipt Accounting
- D. Payables
Answer: B,C,D
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-costing-configuratio Topic - Deriving Projects-Related Accounts
NEW QUESTION 56
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs forrate-based planning resources. (
- A. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
- B. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
- C. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
- D. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
- E. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
Answer: A
Explanation:
Explanation
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3
NEW QUESTION 57
Your customer wants a projectstart date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this.(Choose the best answer.)
- A. Cascade change to the finish date.
- B. Do not cascadedate changes.
- C. Cascade change to the start date and the finish date.
- D. Cascade change to the start date.
Answer: D
Explanation:
Explanation
Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control-config Topic - Project Date Cascade Options Use the Cascade option choice list to determine whether your changes to project dates cascade to tasks.
Use the Basic Information region on the Edit Project Template page to select one of the following options:
* Do not cascade project date changes to tasks: Both start and finish dates are editable. However, you must ensure the following:
* The project start date is not later than the earliest task date.
* The project finish date is not earlier than the latest task date.
* Cascade project start date change to affected tasks: You can edit only the project start date.
* Cascade project finish date change to affected tasks: You can edit only the project finish date.
Do not cascade project date changes to tasks is the default value. You must select the cascade option each time you change the project dates, as your selection isn't saved for future date changes.
If you select to roll up planned dates for tasks or are using an external application for scheduling, then you can't modify the project start or finish dates.
NEW QUESTION 58
Whichfivesteps are required for the File-Based Data Import Integration option?
- A. Populate the spreadsheet with data and generate a CSV file.
- B. Install an Excel add-in.
- C. Import data into various applications.
- D. Download an Excel template.
- E. Upload the file to the server.
- F. Run Process to transfer data to interface tables.
Answer: A,B,D,E,F
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#External_Dat
NEW QUESTION 59
Whichtwoattributes are available while enabling a task as a business object for social networking?
- A. Task Number
- B. Creation Date
- C. Project
- D. Task
- E. Project Number
Answer: A,E
NEW QUESTION 60
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you setup to meet the customer requirement? (Choose the best answer.)
- A. assignment to multiple sets; common values allowed
- B. assignment to one set only; no common values allowed
- C. assignment to multiple sets; no common values allowed
- D. assignment to one set only with common values
Answer: C
Explanation:
Explanation
Reference: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.htm ReferenceData Sharing Methods Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods:
Assignment to one set only, no common values allowed. This method is the simplestform of sharing reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set.
Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transactiontypes. At transaction entry, the list of values for transaction types includes the following:
Transaction types from the set assigned to the business unit.
Transaction types assigned to the common set that is shared across all business units.
Assignment to multiple sets, no common values allowed.The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method.It means that each payment term can be assigned to one or more than one set.For example,you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that isassigned to the transaction's business unit.
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.
NEW QUESTION 61
Your organization has been awarded a new contract based on which you are allowedto sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
- A. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
- B. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
- C. Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based
- D. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
Answer: C
NEW QUESTION 62
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for abillable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
DraftInvoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)
- A. Amount Based
- B. As Incurred
- C. Percent Complete
- D. Rate Based
Answer: A
Explanation:
Explanation
Reference: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm Topic - Invoice and Revenue Rates: How They Are Determined Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly,bill rates derive invoice amounts when the invoice method classification on a bill plan
NEW QUESTION 63
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resourcesprocess to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)
- A. attributes that the project enterprise resources are assigned after creation
- B. Jobs
- C. Pool Membership
- D. Person Type
Answer: D
Explanation:
Explanation
Reference: https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm Manage Project Enterprise Labor Resource Maintenance Conditions Project Enterprise Labor Resources: How They Are Automatically Created and Maintained Run the Maintain Project Enterprise Labor Resources process to create resources, remove resource availability for staffing, and maintain the resource search index.
Settings That Affect the Maintain Project Enterprise Labor Resources Process Create and maintain project enterprise labor resources by defining a set of conditions thatspecify the employees and contingent workers in Oracle Fusion Human Capital Management (HCM) to create as resources in Oracle Fusion Project Portfolio Management. Define the resource attribute values, such as the resource calendar and primary project role,to assign to the new resources.
The following table lists the criteria that you define for selecting HCM persons to create as project enterprise labor resources.
Selection Criteria
Description
Person type
Select the HCM person type for the processto use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, orboth employees and contingent workers.
Option to select people based on job
Select this option for the process to create resources for HCM persons with specific jobs.
CautionIf you do not select job criteria for this condition, the process will create resources for all eligible people based only on the person type.
Jobs
If you selected the option to select people based onjob, then select the jobs for the process to use as HCM person selection criteria.
The following table lists the attributes for which you specify values to assign to resources that are created for the condition.
Resource Attribute
Description
Option to manage resource availability and staffing
Select this option for resource managers to manage the availability and project staffing of resources who are created based on the condition. Resources who are managed in Oracle Fusion Project Resource Management are eligible to fulfill project resource requests.
Calendar
Select the resource calendar for resources that are created based on the condition. The resource calendar defines the work schedule for project enterprise labor resources, and includes working days and hours and any exceptions, such as holidays.
Primary project role
Select the primary project role for resources that are created based on the condition. Project roles are maintained in Oracle Fusion Project Management.
Cost rate andcurrency
Enter the cost rate and currency for resources that are created based on the condition.
Bill rate and currency
Enter the bill rate and currency for resources that are created based on the condition.
NEW QUESTION 64
Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project rolethat you should assign to the person in the project to meet this requirement? (Choose the best answer.)
- A. Project Manager
- B. Project Application Administrator
- C. Project Accountant
- D. Project Administrator
Answer: D
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjm/project-administrator-job-ro Project Manager has duty role 'ProjectForecast Approval Duty' assigned but Project Administrator has duty role 'Project Forecast Inquiry Duty' - no approval authority Both roles have duty role 'Project Forecast Management Duty' which enables them to Allow creation, submission, update, and deletion of working versions of project forecasts. (Cloud _Roles_Duties.xlsx)
NEW QUESTION 65
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 commitmentfor $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. 0
- B. 1
- C. 2
- D. 3
Answer: C
Explanation:
Explanation
Budget 5,000Actuals 800Commitment 600
ETC = Budget - Actuals - Commitment
ETC = 5,000-800-600 = 3,600 Budget available for next 4 months = 3,600/4 = 900/month
NEW QUESTION 66
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 thebest answer.)
- A. R
- B. P
- C. S
- D. Q
Answer: A
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resourc 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 67
Which four notification templates are predefined?
- A. New Account Manager Template
- B. New Account Template
- C. Forgot Username Template
- D. Password Reset Template
- E. Forgot Password Template
Answer: A,B,C,D
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154 Predefined Notification Templates Notification Template Description Password Expiry Warning Template Warns the user that a password is expiring soon and providesinstructions for resetting the password.
Password Expiration Template
Notifies the user that a password has expired and provides instructions for resetting the password.
Forgot User Name Template
Sends the user name to a user who requested the reminder.
Password Generated Template
Notifies the user that a password has been generated automatically and provides instructions for resetting the password.
Password Reset Template
Sends a reset-password link to a user who requested a new password.
Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).
Password Reset Confirmation Template
Notifies the user when a password has been reset.
New Account Template
Notifies a user when a user account is created and provides a reset-password link.
New Account Manager Template
Notifies the user's manager when a user account is created.
When you create a user category,it's associated automatically with the predefined notification templates, which are all enabled.
You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.
NEW QUESTION 68
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in MicrosoftProjects. Identify three conditions that must be met forexporting milestone tasks.( Choose three.)
- A. percent work complete values of 0 or 100 percent
- B. only one labor resource assignment with 100 effort
- C. lowest-level tasks set up with zero duration
- D. lowest-level tasks set up with non-zero duration
- E. only one labor resource assignment with 0 effort
Answer: A,C,E
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define-project-management- Topic - Microsoft Project Prevalidation: Explained The following table describes Prevalidation rules for tasks and resource assignments.
Level
Rule
Lowest-level tasks
One labor and multiple expenseresources are allowed for a lowest-level task. Remove other resources.
Summary tasks
Only one labor resource with zero allocation is allowed for a summary task. Remove all other resources.
Milestone tasks
No subtasks are allowed under milestone tasks. Milestones must be lowest-level tasks.
Milestone tasks
Milestone tasks must have zero duration.
Milestone tasks
Only one labor resource, with zero effort, is allowed for a milestone task. Remove all other resources.
When exporting milestone tasks,ensure that the tasks:
* Are lowest-levels task with zero duration, that is, the same start and finish dates.
* Have only one labor resource assignment with zero effort.
* Have percent work complete values of 0 or 100 percent. Any other values are set to zerobefore export.
NEW QUESTION 69
You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they reviewthe rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)
- A. Define allocation basis by using Actual Amounts with a project-to-date amount class.
- B. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
- C. Allocate rental costs once each accounting period by using the"full" allocation method.
- D. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.
- E. Define allocationbasis by using Actual Amounts with aperiod-to-date amount class.
Answer: C,D,E
NEW QUESTION 70
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)
- A. Use the predefined Bell Curve spread with small deviations on the spread points.
- B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
- C. Use the predefined S-Curve spread with small deviations on the spread points.
- D. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
Answer: A,B
NEW QUESTION 71
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