Oracle Oracle Certifications 1Z0-1057-22 Questions & Answers

• Question 71:

  Which two attributes are available while enabling a task as a business object for social networking?

  A. Task

  B. Project Number

  C. Task Number

  D. Creation Date

  E. Project

  Correct Answer: BC

• Question 72:

  You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

  A. Enter progress for tasks.

  B. Receive email notifications about changes that team members make to a task.

  C. View task details and the task activity stream.

  D. Edit task details.

  Correct Answer: BC

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute- project-tasks-and-deliverables.html#OAPEM1122082 Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower. What's the difference between my tasks and tasks that I follow? You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task. When you follow a task, you can view the task details and see the task activity stream. You receive e- mail notifications of changes that team members make to the task. If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.

• Question 73:

  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.)

  A. assignment to one set only with common values

  B. assignment to one set only; no common values allowed

  C. assignment to multiple sets; common values allowed

  D. assignment to multiple sets; no common values allowed

  Correct Answer: D

  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 74:

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

  A. Departments

  B. Expenditure Types

  C. Project Templates

  D. Project Types

  Correct Answer: ABD

• Question 75:

  Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)

  A. Accounting Method

  B. Journal Rules

  C. Supporting References

  D. Accounting Rule

  E. Mapping Sets

  Correct Answer: C

  Reference

  https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357 Assignment of Supporting References

  Supporting references may be used to capture transaction values on journal entry lines. A supporting reference can be used on a journal entry rule set only if it's assigned a source from the event class of the journal entry rule set.

  Creating Supporting References: Explained

  Supporting references are used to store additional source information about a subledger journal entry at the line level.

  Supporting references with balances establish subledger balances for a particular source and account for a particular combination of supporting references plus the account combination.

  For example:

  If a journal line contains a supporting reference that includes two sources, Customer Type and Customer Name.

  Balances are created for the account combination, plus customer name and customer type. Examples of how you may want to use supporting reference balances are to:

  Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with transaction and reference attributes.

  Create balances by dimensions not captured in the chart of accounts. Reporting using dimensions not captured in the chart of accounts. Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals. Profit and loss

  balances by dimensions not captured in the chart of accounts Define supporting references to hold additional supporting information for detailed account balance maintenance or reconciliation and reporting requirements.

• Question 76:

  You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs. The program's processing summary is as follows: Billing Event Errors 0 Ineligible Contracts 0 Successfully Billing Events Created 0 Ineligible Contract Lines 0 Billing Transaction Exception Errors 0 Ineligible Bill Plans 0 Billing Transaction Exception Warnings 0 Ineligible Associated Projects 0 Successful Billing Transactions 0 Ineligible Expenditure Items 0 Draft Invoice Exception Errors 0 Ineligible Events 0 Draft Invoice Exception Warnings 0 Successful Draft Invoices 0 What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

  A. Amount Based

  B. Rate Based

  C. As Incurred

  D. Percent Complete

  Correct Answer: A

  Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm Topic ?Invoice and Revenue Rates: How They Are Determined Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive standard bill rates, multipliers, markups, and bases for calculating potential revenue when the revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly, bill rates derive invoice amounts when the invoice method classification on a bill plan is rate based.

• Question 77:

  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 No.

  B. The "Require Task Managers to be Project Team Members" profile option is set to Yes.

  C. The quality manager belongs to a department that is not associated with the project.

  D. The quality manager is not assigned with a supervisor.

  Correct Answer: B

  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

• Question 78:

  As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)

  A. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.

  B. Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

  C. You can enable automatic reprocessing of expenditure items processed before the burden schedule change.

  D. All expenditure items charged to the task use the new burden schedule.

  Correct Answer: B

  Reference https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071

• Question 79:

  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. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.

  C. A scope value is used to assign users who can perform a task within an implementation project.

  D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.

  Correct Answer: AD

  Reference https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426

• Question 80:

  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 projects by Cost Management and not 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 project by payables.

  Correct Answer: BC