Oracle Oracle Certifications 1Z0-1057-23 Questions & Answers

• Question 91:

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

  A. Expenditure Type

  B. Projects

  C. Contract Line

  D. Contract Header

  E. Task

  Correct Answer: BCE

  Reference https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm

• Question 92:

  Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

  A. Project Contract-based costing

  B. Project Contract-based billing

  C. Project Contract Collection Center

  D. Contract Team Connect

  Correct Answer: B

  Reference http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf (Page 2) Flexible Contract-Based Billing Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution. Oracle Fusion Project Portfolio Management provides a highly flexible approach to project contract-based billing via a non-exclusive relationship between multiple projects and tasks with contracts and contract lines. This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.

• Question 93:

  Your organization has been awarded a new contract based on which you are allowed to sell:

  Items not tracked in inventory Inventory items Services

  Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

  A. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".

  B. Create two contract lines with a line type each of "sell intent, free-form, project-based " and "sell intent, item, project-based".

  C. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".

  D. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".

  Correct Answer: B

  To sell items not tracked in inventory, inventory items, and services, you can create two contract lines with different line types. The line type of "sell intent, free-form, project-based" allows you to sell any item or service without specifying the item number or quantity. The line type of "sell intent, item, project-based" allows you to sell inventory items by specifying the item number and quantity. Both line types are project-based, meaning they are linked to a project and generate revenue based on project performance. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-contracts.html#OAPFM2355835

• Question 94:

  Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?

  (Choose two.)

  A. Expenditure Type

  B. Task

  C. Top resource

  D. Expenditure Category E. Project

  Correct Answer: BE

  Budgetary control is a feature that allows you to monitor and control project costs against approved budgets. You can enter the amounts in the budget versions for these projects at two levels: Task and Project. These levels correspond to the budgetary control levels that are defined for the project type. You can also view and compare the budget amounts and actual costs at these levels using reports and dashboards. Expenditure Type, Top Resource, and Expenditure Category are not levels at which you can enter the amounts in the budget versions for these projects. These are attributes that can be used to group and filter the budget and actual amounts for reporting purposes. Reference: https://docs.oracle.com/ en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-budgets-and-forecasts.html#OAPFM2356191

• Question 95:

  Which three tools are available for accessing REST APIs?

  A. cURL

  B. Web Browser

  C. Oracle Transactional Business Intelligence

  D. Programming Language

  Correct Answer: ABD

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18b/fapap/Use_cURL.html REST API = REpresentational State Transfer (REST) Application Programing Interface (API)

• Question 96:

  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.)

  A. Pool Membership

  B. attributes that the project enterprise resources are assigned after creation

  C. Jobs

  D. Person Type

  Correct Answer: D

  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 97:

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

  A. feature opt-in for a best fit configuration

  B. export and import services for setup data migration between environments

  C. guided task list for end-to-end setup requirements

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

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

  Correct Answer: ABC

  https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-functional-setup-manager.pdf Functional Setup Manager offers the following: Standardized application configuration and setup experience Feature opt-in for a best fit configuration Flexible processes for managing setup: Setup by functional areas for an adopt-as-you-go approach Implementation projects to manage setup Upload file to enter setup data in bulk Guided task list for end-to-end setup requirements Export and import services for setup data migration between environments Comprehensive reporting on setup data

• Question 98:

  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. Project Foundation

  B. Project Costing

  C. General Ledger

  D. Subledger Accounting

  Correct Answer: A

• Question 99:

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

  A. Position

  B. Dynamic

  C. Static

  D. Flexfield

  E. Job

  Correct Answer: C

  Ref: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACIA3124477 Topic Approval Groups

  Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.

  You have two options for defining the group:

  Static: Select the specific users to include in the group. Dynamic: Provide the logic to use to determine the users in the group.

• Question 100:

  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

  When the Accrue at Receipt option is set to Yes on a PO, the cost of the items or services is accrued when they are received, not when they are invoiced. Therefore, the cost is transferred to projects by Cost Management and not by Payables. However, if the PO is closed for receiving without creating a receipt, there will be no accounted receipt lines and no cost will be transferred to projects. To transfer the cost to projects, you need to either create a receipt or reopen the PO for receiving. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355855