Dec-2023 Oracle 1z0-1057-22 Actual Questions and Braindumps
1z0-1057-22 Dumps To Pass Oracle Exam in 24 Hours - Pass4guide
Oracle 1z0-1057-22 certification exam is a rigorous exam that requires a solid understanding of Oracle Project Management Cloud 2022. It is designed to test the candidate's ability to apply their knowledge in real-world situations. 1z0-1057-22 exam consists of 70 multiple-choice questions that must be completed within 105 minutes. Candidates must score at least 70% to pass the exam.
NEW QUESTION # 42
Which two statements are true about a project in "Draft" status? (Choose two.)
- A. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
- B. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
- C. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
- D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Answer: B,D
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEM/OAPEM1122096.htm The following table lists the project statuses and what you can do with projects in that status.
Project Status
What you can do?
Draft
Project managers can view draft projects in the Project Manager Dashboard and use the projects for requirements planning.
Team members can't see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
Active
Project managers can view active projects in the Project Manager Dashboard and use the projects for requirements planning, project execution, and reporting.
Team members can view task assignments on active projects on the Team Member Dashboard and My Work area.
Pending Close
Project managers can view pending projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on pending projects on the Team Member Dashboard and My Work area.
Submitted
Project managers can view submitted projects in the Project Manager Dashboard and use the projects for project tracking, and reporting.
Team members can view task assignments on submitted projects on the Team Member Dashboard and My Work area Closed Project managers can't view closed projects in the Project Manager Dashboard or use the projects for requirements planning, project execution, and reporting.
Team members can't view tasks of closed projects on the Team Member Dashboard or in the My Work area.
NEW QUESTION # 43
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
- A. Dr Unbilled Receivables 10000 -
Cr Accounts Receivables 10000 - B. Dr Accounts Receivables 10000 -
Cr Revenue 10000 - C. Dr Deferred Revenue 10000 -
Cr Unbilled Receivables 10000 - D. Dr Accounts Receivables 10000 -
Cr Unbilled Receivables 10000
Answer: A
NEW QUESTION # 44
Shift is one of the key elements in defining project and resource calendars.
Which two additional key elements are required to define the project and resource calendars? (Choose two.)
- A. Schedule Exceptions
- B. Time off
- C. Workday Patterns
- D. Expenditure Type
- E. Accounting Calendar
Answer: A,D
NEW QUESTION # 45
You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?
- A. Define One Business Unit and Three Project Units
- B. Define Two Business Units and One Project Unit
- C. Define Two Business Units and Two Project Units
- D. Define One Business Unit and Two Project Units
Answer: D
NEW QUESTION # 46
Your customer has a requirement to allow adjustment and reversals for transactions imported from an external expense entry system.
Which section on the Manage Project Transaction Sources page will allow you to enable these options?
- A. Transaction Source
- B. Document Entries
- C. Transaction Entries
- D. Documents
Answer: B
Explanation:
The section on the Manage Project Transaction Sources page that will allow you to enable these options is Document Entries. This section allows you to define the attributes and options for each document entry type that is associated with a transaction source. A document entry type represents a group of transactions that have similar characteristics and processing rules. For example, you can define a document entry type for expense reports and enable adjustment and reversal options for this document entry type. The Documents section allows you to define the attributes and options for each document type that is associated with a transaction source. A document type represents a source document that contains one or more transactions. For example, you can define a document type for expense reports and enable validation and transfer options for this document type. The Transaction Source section allows you to define the attributes and options for each transaction source that is used to import transactions from an external system. A transaction source represents a system or application that provides transactions to Oracle Fusion Project Costing. For example, you can define a transaction source for expense reports and enable costing and accounting options for this transaction source. The Transaction Entries section allows you to review and manage the transactions that are imported from an external system using a transaction source. You can view, edit, adjust, reverse, validate, and transfer transactions in this section. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356241
NEW QUESTION # 47
Your customer wants a team member who is assigned to a project to be able to create and submit a forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)
- A. Project Manager
- B. Project Administrator
- C. Project Accountant
- D. Project Application Administrator
Answer: B
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjm/project-administrator-job-role.html#Project_Administrator_privileges Project Manager has duty role 'Project Forecast Approval Duty' assigned but Project Administrator has duty role 'Project Forecast Inquiry Duty' - no approval authority Both roles have duty role 'Project Forecast Management Duty' which enables them to Allow creation, submission, update, and deletion of working versions of project forecasts. (Cloud _Roles_Duties.xlsx)
NEW QUESTION # 48
Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)
- A. Pre-approval activities
- B. Prior actions
- C. Persons with whom it is still pending approval
- D. Date-wise updates to the document
- E. Person assigned for approval
Answer: A,C,D
NEW QUESTION # 49
Identify three purposes for which the project resource search index is used. (Choose three.)
- A. Calculate Resource Qualification Scores
- B. Provide absence details for resources
- C. Calculate Resources Availability Scores
- D. Filter counts while you search for resources
- E. Display resource details
Answer: A,B,E
NEW QUESTION # 50
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. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.
- C. A scope value is used to assign users who can perform a task within an implementation project.
- D. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
Answer: A,B
Explanation:
Reference https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426
NEW QUESTION # 51
You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)
- A. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
- B. A document entry such as straight time must be enabled for cross-charge transactions.
- C. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
- D. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
Answer: A,B
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-billing-configuration-define-transfer-pricing.html#OAPFM3094619
NEW QUESTION # 52
Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)
- A. time audit rules
- B. time calculation rules
- C. project time validation rules
- D. time entry rules
Answer: D
NEW QUESTION # 53
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)
- A. The "Require Task Managers to be Project Team Members" profile option is set to Yes.
- B. The quality manager belongs to a department that is not associated with the project.
- C. The "Require Task Managers to be Project Team Members" profile option is set to No.
- D. The quality manager is not assigned with a supervisor.
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-portfolio-management-cloud-services.html#FAPFM428138 Topic - Project Foundation Profile Options Profile Option Name - Task Managers Must Be Project Team Members Description - Specify whether task managers must be project team members.
Values - No (Default) / Yes
Setup Task Name - Require Task Managers to be Project Team Members
NEW QUESTION # 54
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. Document Options
- B. Import Options
- C. Document Entry Options
- D. Transaction Source Options
Answer: D
Explanation:
Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm To import and process third-party transactions that are costed and accounted, you need to set the Transaction Source Options for the transaction source that you use to import the transactions. The Transaction Source Options allow you to specify whether the transactions are costed and accounted by the source system or by Oracle Fusion Cost Management. You can also specify whether to validate and transfer costs and accounting entries to projects and general ledger. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355941
NEW QUESTION # 55
Which four notification templates are predefined?
- A. New Account Manager Template
- B. Forgot Username Template
- C. Password Reset Template
- D. New Account Template
- E. Forgot Password Template
Answer: A,B,C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154 Predefined Notification Templates Notification Template Description Password Expiry Warning Template Warns the user that a password is expiring soon and provides instructions for resetting the password.
Password Expiration Template
Notifies the user that a password has expired and provides instructions for resetting the password.
Forgot User Name Template
Sends the user name to a user who requested the reminder.
Password Generated Template
Notifies the user that a password has been generated automatically and provides instructions for resetting the password.
Password Reset Template
Sends a reset-password link to a user who requested a new password.
Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page (Settings and Actions > Set Preferences).
Password Reset Confirmation Template
Notifies the user when a password has been reset.
New Account Template
Notifies a user when a user account is created and provides a reset-password link.
New Account Manager Template
Notifies the user's manager when a user account is created.
When you create a user category, it's associated automatically with the predefined notification templates, which are all enabled.
You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.
NEW QUESTION # 56
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?
- A. Departments
- B. Project Types
- C. Expenditure Types
- D. Project Templates
Answer: A,B,C
NEW QUESTION # 57
Which two statements describe how the Resource Qualification Score is calculated?
- A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.
- B. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
- C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
- D. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.
Answer: A,B
NEW QUESTION # 58
Identify three correct statements about project types. (Choose three.)
- A. Project type can be used as a source in subledger accounting.
- B. Summarization options can be specified at project type.
- C. Project type can be associated with multiple project units.
- D. Project type can be enabled for both billing and capitalization.
- E. Classifications can be assigned at project type.
Answer: A,B,C
Explanation:
Project type is a classification that defines the common attributes and processing options for projects. Some of the correct statements about project type are:
Project type can be used as a source in subledger accounting. This allows you to create accounting rules based on the project type attribute.
Summarization options can be specified at project type. This allows you to control how the project transactions are summarized for reporting and performance purposes.
Project type can be associated with multiple project units. This allows you to share the same project type across different business units or organizations. Project type cannot be enabled for both billing and capitalization, as these are mutually exclusive options. Classifications cannot be assigned at project type, but at project or task level. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355971
NEW QUESTION # 59
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