1z0-1057 | What Virtual 1z0-1057 Training Tools Is

NEW QUESTION 1
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. Funding source class category is not enabled for “available as accounting source”.
• C. Product class category is not enabled for “available as accounting source”.
• D. Funding source class category is enabled for “available as accounting source”.

Answer: B

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio

NEW QUESTION 2
Which application generates external roles to grant both function and data security? (Choose the best answer.)

• A. Authorization Policy Manager
• B. Oracle Identity Manager
• C. Business Process Manager
• D. Functional Setup Manager

Answer: B

Explanation:
Authorization Policy Manager (APM)
APM greatly simplifies the creation, configuration, and administration of application policies
APM does not support the management of users and external roles; these artifacts can only be viewed with the tool. Their provision and management is typically accomplished using Oracle Identity Manager
Oracle Identity Manager (OIM)
In regard to enterprise users and external roles, Authorization Policy Manager provides viewing and searching functionality only. To manage users and external roles, use Oracle Identity Manager or some other identity management tool.
OIM provision users, roles, and defines what a user can do in Oracle Cloud Duty Roles are mapped to jobs and assigned access privileges (Data Security)

NEW QUESTION 3
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security. (Choose two.)

• A. Project Manager Template for Project Organization Security
• B. Project Administrator Template for Project Organization Security
• C. Project Creator Template for Project Organization Security
• D. Project Accountant Template for Project Organization Security
• E. Project Billing Specialist Template for Project Organization Security

Answer: BC

Explanation:
Reference
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl
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 4
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

• A. Manage Project Unit Organizations
• B. Mange Business Unit
• C. Manage Project Organization Classifications
• D. Mange Project Types
• E. Manage Project Unit Options

Answer: ACE

Explanation:
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.htm

NEW QUESTION 5
Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.
What are three conditions for new employees to show up in the list? (Choose three.)

• A. Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.
• B. All new employees created as persons must have an active supervisor.
• C. All new employees created as persons must be assigned to a department.
• D. All new employees created as persons must have an active assignment.
• E. All new employees created as persons must have an active project role.

Answer: ACD

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio
Why can't I find persons in the list of resources when I enter team members, planning resources, or person rate schedules?
You can't find persons in the list of resources when you enter team members, planning resources, or person rate schedules in the following situations:
The administrator didn't assign a department while creating users. Persons must have an active assignment and be assigned to a department in Oracle Fusion Human Capital Management before they can be added as team members or entered as resources on the planning resource breakdown structure or person rate schedule.
The resource isn't active in Oracle Fusion Human Capital Management because the current date is before the effective date of the resource. If you want to include persons who will start in the future, select the Include people with future-dated effective start dates option when you search for the person.
Persons assigned as project managers aren't active as of the project start date.
The assignment of the person is terminated, and an appropriate value isn't set for the number of days to display people with terminated assignments. You can set the profile value appropriately at the site profile level using the Specify Number of Days to Display People with Terminated Assignments task in the Setup and Maintenance work area.

NEW QUESTION 6
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

Answer: C

Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm

NEW QUESTION 7
Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

• A. spread evenly
• B. target percentage and prorate
• C. target percentage and spread evenly
• D. prorate

Answer: B

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjc/allocate-project-costs.html#OAP
Spread Evenly
The allocation rule divides the source pool amount equally among all the chargeable target tasks included in the rule. This is the most simple and direct basis method.
Target Percentage and Spread Evenly
Specify the percentage of the source pool that is required to allocate to each target line. The total specified target percentage must always equal 100 percent. The allocation rule calculates the amount to allocate to the target line, and then spreads the results evenly among the chargeable tasks.
Prorate
The allocation generation uses the attributes defined in the allocation rule to derive the rate at which the source pool amount is apportioned among the target projects and tasks. For this basis method, the allocation rule uses the basis attributes to apportion the source amount among all the tasks defined by the rule. The Prorate basis method provides precise control over how the rule distributes the source pool.
Target Percentage and Prorate
The allocation rule first uses the target percentage to calculate the amount to allocate to the line, and then apportions the results among all the tasks. The Target Percentage and Prorate basis method provides precise control over how the rule distributes the source pool.

NEW QUESTION 8
After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

• A. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
• B. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
• C. A scope value is used to assign users who can perform a task within an implementation project.
• D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.

Answer: AD

Explanation:
Reference https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426

NEW QUESTION 9
Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

• A. Daily Spread Basis
• B. Back Loaded
• C. Bell Curve
• D. S-Curve
• E. Even

Answer: A

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-m
Predefined Spread Curves
Name Description Dist. Factors
Even
Linear distribution of financial or project plan values across periods. 10-10-10-10-10-10-10-10-10-10
Prorated Even
Linear distribution of financial or project plan values across periods, with an exception of the first period and last period in the financial plan. Financial or project plan values for the first period and last period are prorated based on the number of days in the period.
* 10-10-10-10-10-10-10-10-10-10
Back Loaded
Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over succeeding periods.
* 0-5-10-15-20-25-30-35-40-45
Front Loaded
Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease over succeeding periods.
* 45-40-35-30-25-20-15-10-5-0
S Curve
S- shaped distribution of financial or project plan values across periods. 18-10-8-10-15-17-18-17-15-8
Bell Curve
Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is highest in the middle periods.
* 0-4-10-12-14-12-10-4-0-0
Daily Spread Analysis
Spread is based upon the number of days in each financial period throughout the duration of the task assignment. Amounts are proportionally distributed throughout all periods for the duration of the task assignment
None

NEW QUESTION 10
Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statements about the periodic project labor demand. (Choose two.)

• A. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if aquarter is used as the basis for viewing labor demand.
• B. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
• C. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
• D. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.

Answer: AB

Explanation:
Reference https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472
Project Labor Demand: How It's Calculated
Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).
Settings That Affect Project Labor Demand
Project application administrators must do the following to set up how project labor demand is calculated: Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:
Spreads the allocation hours from the Manage Project Resources page evenly over the days that the resources are allocated to the project.
Divides the quarterly project allocation hours by the quarterly FTE hours to get the labor demand.
Rolls up the quarterly and annual labor demand up the hierarchy.

NEW QUESTION 11
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

• A. Departments
• B. Expenditure Types
• C. Project Templates
• D. Project Types

Answer: ABD

NEW QUESTION 12
Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

• A. Expenditure Type
• B. Projects
• C. Contract Line
• D. Contract Header
• E. Task

Answer: BCE

Explanation:
Reference https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm

NEW QUESTION 13
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-owning organization.
• B. The organization is not classified as a project expenditure organization.
• C. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
• D. The organization is classified as a project unit.

Answer: BC

Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf Chapter 3 – Define Project Organizations Page # 12

NEW QUESTION 14
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. Identify the reason for this problem. (Choose the best answer.)

• A. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
• B. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
• C. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
• D. All expenditure items charged to the task use the new burden schedule.

Answer: B

Explanation:
Reference https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071482

NEW QUESTION 15
You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: “The search for resources cannot be completed because the project resource search index is not available. Contact your help desk.”
Identify the cause for this error message. (Choose the best answer.)

• A. The index is not in the process.
• B. The index has been built.
• C. The index is in the process of being updated.
• D. The most recent update of the index finished successfully.

Answer: C

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-execution

NEW QUESTION 16
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 P6Enterprise Project Portfolio Management.
• E. Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.

Answer: ACD

Explanation:
Ref: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125394AN6D254.htm
Primavera P6 Enterprise Project Portfolio Management and Oracle Fusion Project Portfolio Management: How They Work TogetherUse Oracle Fusion Project Integration Gateway to integrate Oracle Fusion Project Portfolio Management with Primavera P6 Enterprise Project Portfolio Management. The integration enables project accountants, project billing specialists, and executives to centrally perform project costing, billing, accounting, and executive reporting tasks in Oracle Fusion Project Portfolio Management while enabling each project manager to perform detailed project planning and scheduling in Primavera P6 Enterprise Project Portfolio Management.
Oracle Fusion Project Integration Gateway ensures data security, integrity, and efficiency by defining a set framework in which data is exported from and imported into Oracle Fusion Project Portfolio Management.
The following table and diagram provide an overview of the flow of information.
Information Type From Application To Application
Global integration information
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Projects and task definition
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Summarized project actual quantity and cost
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Project plans and progress
Primavera P6 Enterprise Project Portfolio Management
Oracle Fusion Project Portfolio Management Billing events
Oracle Fusion Project Portfolio Management Primavera P6 Enterprise Project Portfolio Management Event completion
Primavera P6 Enterprise Project Portfolio Management Oracle Fusion Project Portfolio Management

NEW QUESTION 17
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. Journal Rules
• C. Supporting References
• D. Accounting Rule
• E. Mapping Sets

Answer: C

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 18
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. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
• 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 Bell Curve spread with small deviations on the spread points.
• D. Use the predefined S-Curve spread with small deviations on the spread points.

Answer: BC

NEW QUESTION 19
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 classification
• B. project type
• C. project unit
• D. project organization

Answer: B

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.html#OAPJF2201
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 20
You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

• A. Assign tasks to various users who are responsible for managing setup data.
• B. Monitor the progress of completing setup tasks.
• C. Select the offering you want to implement.
• D. Generate a list of setup tasks.
• E. Enable optional functional areas and features by opting in.

Answer: AD

NEW QUESTION 21
Your business user has created a purchase order (PO) that has the following attributes: Accrue at Receipt = Yes
Matching Option = 2 way Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the “Import and Process Cost transactions” ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as “Oracle Payables”. The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)

• A. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.
• B. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.
• C. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.
• D. When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.

Answer: BC

NEW QUESTION 22
You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)

• A. Project Executive- Security based on Project Hierarchy
• B. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
• C. Project Manager- Security based on Project Assignment
• D. Project Billing Specialist- Security based on Contract BU
• E. Project Team Member- Security based on Project Assignment

Answer: CE

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracl

NEW QUESTION 23
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

• A. Position
• B. Dynamic
• C. Static
• D. Flexfield
• E. Job

Answer: C

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACI

NEW QUESTION 24
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice.
Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

• A. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
• B. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
• C. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
• D. The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.

Answer: B

NEW QUESTION 25
Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset. Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement. (Choose the best answer.)

• A. Standard Unit Cost
• B. Actual Unit
• C. Current Cost
• D. Estimated Cost
• E. Spread Evenly

Answer: C

Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuratio

NEW QUESTION 26
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