1Z1-1008 by Oracle Actual Free Exam Questions And Answers

Question 1

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

A. Position

B. Job

C. Dynamic

D. Flexfield

E. Static

Discussion 0

Correct Answer: E Vote an answer

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Question 2

Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?

A. Project Templates

B. Project Billing Events

C. Project Tasks

D. Project Budgets

Discussion 0

Correct Answer: B,C,D Vote an answer

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Question 3

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month.Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three

A. Define allocation basis by using Actual Amounts with aperiod-to-date amount class.

B. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period

C. Allocate rental costs once each accounting period by using the"full" allocation method.

D. Define allocation basis by using Actual Amounts with a project-to-date amount class.

E. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question 4

Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

A. Receipt Accounting

B. Payables

C. Purchasing

D. Fixed Asset

Discussion 0

Correct Answer: A,B,C Vote an answer

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Question 5

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.)

A. USD 70

B. USD 120

C. USD 184

D. USD 134

Discussion 0

Correct Answer: A Vote an answer

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Question 6

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 project 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 projects by Cost Management and not by Payables.

Discussion 0

Correct Answer: C,D Vote an answer

Question 7

Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations.Identify two valid rules based on which cost association works. (Choose two.)

A. If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in thebranch andgives precedence to the resource element in the branch with the highest sum.

B. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.

C. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with thelowest number at the lowest level.

D. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.

Discussion 0

Correct Answer: C,D Vote an answer

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Question 8

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 forexporting milestone tasks.( Choose three.)

A. lowest-level tasks set up with zero duration

B. only one labor resource assignment with 100 effort

C. lowest-level tasks set up with non-zero duration

D. only one labor resource assignment with 0 effort

E. percent work complete values of 0 or 100 percent

Discussion 0

Correct Answer: A,D,E Vote an answer

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Question 9

Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A. Enable track missing time at business unit.

B. Enable track missing time at project template.

C. Enable track missing time at project type.

D. Enable track missing time atproject unit.

Discussion 0

Correct Answer: D Vote an answer

Question 10

Identify three correct statements about project types. (Choose three.)

A. Project type can beenabled for both billing and capitalization.

B. Summarization options can be specified at project type.

C. Classifications can be assignedat project type.

D. Project type can be associated with multiple project units.

E. Project type can be usedas a sourcein subledger accounting.

Discussion 0

Correct Answer: A,C,E Vote an answer

Oracle Project Portfolio Management Cloud 2018 Implementation Essentials - 1Z1-1008 Exam Practice Test

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