Free 1Z0-1057-22 Exam Study Guide for the NEW [Apr-2023] Dumps Test Engine [Q27-Q44]

QUESTION 27
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.

QUESTION 28
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.)

Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.

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.

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.

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.

QUESTION 29
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.

QUESTION 30
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

QUESTION 31
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)

Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.

Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.

Use the predefined Bell Curve spread with small deviations on the spread points.

Use the predefined S-Curve spread with small deviations on the spread points.

QUESTION 32
You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

Exceptions

Accounting Calendar

Workday Patterns

Time Off

Expenditure Type

QUESTION 33
Which five steps are required for the File-Based Data Import Integration option?

Run Process to transfer data to interface tables.

Install an Excel add-in.

Upload the file to the server.

Download an Excel template.

Populate the spreadsheet with data and generate a CSV file.

Import data into various applications.

QUESTION 34
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

billing events

bill plan

expenditure items

billing controls

invoice method

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#OAPJB70183 Bill Plan – Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan – not a separate setup.
Billing Controls – Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic – Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications? Percent Spent What is the billing extension calculation level for the contract line and project association? Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
Create a project.
Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
Create an approved cost budget.
Create cost and burden rates.
Enter labor and expense transactions for the project.
Collect costs for the transactions.
Configuration Steps
Creating the Contract
Creating the Percent Spent Contract Lines
Creating the Bill Plan – A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans.
Creating the Revenue Plan – Common set of instructions for recognizing revenue within a contract. Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.

QUESTION 35
Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

CSV

XML

JSON

XLSX

QUESTION 36
You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X – Task 10, and Bill Plan B is allocated against Project Y – Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

Both the contract lines create only a single invoice because they are using the same contract.

Two invoices are created using the same contract.

Bill set number drives the grouping of transactions.

Invoice generation does not depend on bill plan. The invoices are created based on the contract line.

QUESTION 37
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

work type

event type

cost type

expenditure type

QUESTION 38
Which three are true of what you can do in the Project Requirements work area?

Create an implementation project.

Organize backlog items by requirements.

Create an execution project.

Create project tasks for backlog items.

Manage your list of backlog items.

QUESTION 39
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?

Project Executive

Project Integration Specialist

Project Administrator

Project Application Administrator

QUESTION 40
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.)

Manage Project Unit Organizations

Mange Business Unit

Manage Project Organization Classifications

Mange Project Types

Manage Project Unit Options

QUESTION 41
When implementing Project Performance Reporting, your customer has the following requirements:
Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

multiple threshold levels

single threshold level value

single threshold level range

multiple threshold level value

QUESTION 42
Which precedence order is used by the system for labor schedules to distribute payroll cost?

Element > Assignment Element > Assignment

Assignment > Assignment Element > Element

Assignment > Element > Assignment Element

Assignment Element > Element > Assignment

QUESTION 43
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.)

The index is not in the process.

The index has been built.

The index is in the process of being updated.

The most recent update of the index finished successfully.

QUESTION 44
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.