1z0-1057-22 Certification – Valid Exam Dumps Questions Study Guide! (Updated 128 Questions) [Q50-Q74]

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1z0-1057-22 Certification – Valid Exam Dumps Questions Study Guide! (Updated 128 Questions)

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Oracle 1z0-1057-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Describe the Rapid Implementation Workbook Describe the business processes that are supported by approvals and workflows
Topic 2	Configure Project Cost Collection Center Explain capitalized interest calculations
Topic 3	Configure Project Cross Charging and Transfer Pricing Explain the components available for integration
Topic 4	Configure Social Network for Project Execution Describe Functional Setup Manager
Topic 5	Set up Project Calendars and Periods Set up approval and notification tasks Project Management Overview
Topic 6	Describe the components of Oracle Project Management Cloud Set up Project Financial Management Organizations
Topic 7	Configure Project Resource Management Configure Project Performance Reporting
Topic 8	Configure and Manage Project Invoicing and Revenue Describe common project execution components

QUESTION 50
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 51
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

QUESTION 52
Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

Billable Flag

Expenditure Type

Capitalizable Flag

Funding Source

Work Type

QUESTION 53
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

Bulk

Detail

Incremental

Summary

QUESTION 54
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

QUESTION 55
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.

QUESTION 56
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)

Accounting date is the same as the original invoice date.

Project accounting date is the same as the original invoice date.

Project accounting date is the first day of the first open project accounting period.

Project accounting date is the last day of the open project accounting period.

Accounting date is the first day of the first open accounting period.

QUESTION 57
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?

You must activate Page Composer.

You should be on the Project Custom Objects page.

You must be in an active sandbox.

You should enable the “Create Infolet” option from the Personalize Springboard page.

QUESTION 58
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks. (Choose three.)

only one labor resource assignment with 100 effort

lowest-level tasks set up with non-zero duration

lowest-level tasks set up with zero duration

only one labor resource assignment with 0 effort

percent work complete values of 0 or 100 percent

QUESTION 59
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

Create a revenue method with a revenue method classification of Amount Based.

Create a revenue method with a revenue method classification of Rate Based.

Create a revenue method classification with a revenue method of Percent Spent.

Create a revenue method classification with a revenue method of Percent Complete.

QUESTION 60
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.

If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.

If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.

If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

QUESTION 61
Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

Expenditure Type

Projects

Contract Line

Contract Header

Task

QUESTION 62
Which three features are part of Oracle Fusion Functional Setup Manager?

feature opt-in for a best fit configuration

export and import services for setup data migration between environments

guided task list for end-to-end setup requirements

updating an implementation project task list by changing the opt-in configuration to suit the latest requirements

modifying an existing implementation project task list by selecting more functional areas when needed

QUESTION 63
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 64
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule

Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate

Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule

Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

QUESTION 65
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.)

Project Executive – Security based on Project Hierarchy

Project Accountant – Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue

Project Manager – Security based on Project Assignment

Project Billing Specialist – Security based on Contract BU

Project Team Member – Security based on Project Assignment

QUESTION 66
A project administrator is trying to assign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

The employee is not assigned to the project-owning organization.

The employee is not assigned with a supervisor.

Project roles are not assigned in the project.

The employee is not assigned to a department.

QUESTION 67
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 68
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 69
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. (Choose the best answer.)

Pool Membership

attributes that the project enterprise resources are assigned after creation

Jobs

Person Type

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 that specify 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 process to use as criteria when selecting HCM persons to create as resources. Available person types are employees, contingent workers, or both 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.
Caution If 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 on job, 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 and currency
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.

QUESTION 70
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?

Project Foundation

Project Costing

General Ledger

Subledger Accounting

QUESTION 71
Which three are part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

Prepare setup data.

Import Projects.

Generate CSV files.

Upload setup data.

File Import and Export.

QUESTION 72
A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000

Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

Dr Accounts Receivables 40,000Cr Revenue 40,000

Dr Unearned Revenue 40,000Cr Revenue 40,000

QUESTION 73
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.)

The association of a deliverable with a task is dependent on associating a requirement with a task.

You associate a deliverable with a task independent of associating a requirement with a task.

A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

QUESTION 74
Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)

Project Gates

Project Resource Request

Project Issues

Project Milestones

Project Resource Assignment

Project Deliverables