1Z0-1057-23 by Oracle Actual Free Exam Questions And Answers

Question 1

Select two correct statements about project classifications on a template.
Response:

A. Set Code is not required for a project class category in a project classification.

B. Project class category in a project classification must be associated with a Set Code.

C. When a project is created from a template, the required project classifications must be entered.

D. Project Classification is a mandatory field on a project template.

Discussion 0

Correct Answer: A,C Vote an answer

Question 2

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.

A. Pending burden summarization items have not been processed.

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

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

D. Unaccounted transactions have not been swept to the next period.

E. Unaccounted transactions are not imported.

Discussion 0

Correct Answer: B Vote an answer

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Question 3

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

A. Work Type

B. Project Templates

C. Project Types

D. Project Class Categories

E. Expenditure Types

Discussion 0

Correct Answer: E Vote an answer

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Question 4

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. All new employees created as persons must be assigned to a department.

B. All new employees created as persons must have an active supervisor.

C. All new employees created as persons must have an active project role.

D. 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.

E. All new employees created as persons must have an active assignment.

Discussion 0

Correct Answer: D Vote an answer

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Question 5

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?

A. Subledger Accounting

B. Project Foundation

C. Project Costing

D. General Ledger

Discussion 0

Correct Answer: D Vote an answer

Question 6

You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

A. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

B. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

C. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.

D. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

Discussion 0

Correct Answer: C Vote an answer

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Question 7

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

A. The current period start date is used for calculating labor demand for the current year.

B. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

C. The current date is used for calculating labor demand for the current year.

D. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.

Discussion 0

Correct Answer: C Vote an answer

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Question 8

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. Spread Evenly

E. Estimated Cost

Discussion 0

Correct Answer: B Vote an answer

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Question 9

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?

A. Post

B. Posted

C. Hold

D. New

Discussion 0

Correct Answer: C Vote an answer

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Question 10

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

A. Project Milestones

B. Project Resource Assignment

C. Project Deliverables

D. Project Resource Request

E. Project Gates

F. Project Issues

Discussion 0

Correct Answer: A Vote an answer

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Oracle Project Management Cloud 2023 Implementation Professional - 1Z0-1057-23 Exam Practice Test

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