1z0-1057-22 PDF Dumps Real 2023 Recently Updated Questions [Q57-Q78]

NO.57 You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

Enter progress for tasks.

Receive email notifications about changes that team members make to a task.

View task details and the task activity stream.

Edit task details.

NO.58 Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?

Project Organization Cost Center Segment

Expenditure Business Unit Cost Center Segment

Event Organization Cost Center Segment

Expenditure Organization Cost Center Segment

NO.59 Which two statements are true about a project in “Draft” status? (Choose two.)

Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.

Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.

Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.

NO.60 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.)

project classification

project type

project unit

project organization

NO.61 When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the “Transfer Assets to Oracle Fusion Assets” process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

New

Hold

Posted

Post

NO.62 Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

Expenditure Types

Project Templates

Work Type

Project Types

Project Class Categories

NO.63 Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

NO.64 Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

Effort

Cost

Manual Entry

Remaining Plan

NO.65 Which two statements are true about the cross-charge method, Borrowed and Lent?

This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

Costs or revenue are shared based on transfer price rules with this method.

You must set up the contract business unit to use this method.

This method creates a formal internal invoice.

NO.66 Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?
(Choose two.)

Expenditure Type

Task

Top resource

Expenditure Category

Project

NO.67 You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

USD 184

USD 120

USD 134

USD 70

NO.68 Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)

project

expenditure item

project classification

project plan type

resource

NO.69 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.)

There is no expenditure type information available on the distribution set line.

There is no expenditure organization information available on the distribution set line.

There is no expenditure item date information available on the distribution set line.

The account code combination is not available on the distribution set line.

NO.70 Identify three correct statements about project types. (Choose three.)

Project type can be used as a source in subledger accounting.

Project type can be enabled for both billing and capitalization.

Summarization options can be specified at project type.

Classifications can be assigned at project type.

Project type can be associated with multiple project units.

NO.71 A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:

and accounting entry for invoice is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

Dr Deferred Revenue 10000 –
Cr Unbilled Receivables 10000

Dr Accounts Receivables 10000 –
Cr Unbilled Receivables 10000

Dr Unbilled Receivables 10000 –
Cr Accounts Receivables 10000

Dr Accounts Receivables 10000 –
Cr Revenue 10000

NO.72 Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

Manage Project Plan Resource Assignment

Transfer Project

View Project Progress

Allocate Project Expense

NO.73 Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

Departments

Expenditure Types

Project Templates

Project Types

NO.74 Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

Class codes should be associated with a related set code.

Class categories should be assigned to business unit.

Class categories should be assigned to project type.

Class codes should be assigned to project unit.

NO.75 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.)

The corresponding Oracle Payables Cloud accounting period has not been closed.

Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

Pending burden summarization items have not been processed.

Unaccounted transactions are not imported.

Unaccounted transactions have not been swept to the next period.

NO.76 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 set up to meet the customer requirement? (Choose the best answer.)

assignment to one set only with common values

assignment to one set only; no common values allowed

assignment to multiple sets; common values allowed

assignment to multiple sets; no common values allowed

Reference https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA462453 Reference Data 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 simplest form 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 transaction types. 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 is assigned 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.

NO.77 Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

Create two contract lines with a line type each of “free-form, project-based buy agreement” and “bundle sell, project-based”.

Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell intent, item, project-based”.

Create two contract lines with a line type each of “product, project-based, sell agreement, standalone” and “sell intent, item, project-based”.

Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription, project-based, sell”.

NO.78 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 Resources process 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.
Which three are parameters that are based on which the system identifies the new resources?

Department

Project Unit

Jobs

Business Unit

Organization