Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?
A. Planning
B. Deploying
C. Maintaining
D. Setting Up
E. Opting In
Correct Answer: B
The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implementproject-financial-management-applications.html#OAPFM2356111
Question 22:
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 Two Project Units
B. Define Two Business Units and Two Project Units
C. Define One Business Unit and Three Project Units
D. Define Two Business Units and One Project Unit
Correct Answer: A
The recommendation for this scenario is to define one business unit and two project units. A business unit is an organization that performs one or many business functions such as transaction processing or reporting. A project unit is an organization that manages projects within a business unit or across multiple business units. By defining one business unit and two project units, you can meet the following requirements of the client organization: The management reporting and transaction processing requirements are the same for both the organizations: This can be achieved by using the same business unit for both the organizations, as the business unit determines the common setups such as ledger, currency, calendar, etc. for transaction processing and reporting. The project planning, management, analysis and reporting requirements are different for each organization: This can be achieved by using different project units for each organization, as the project unit determines the specific setups such as project types, templates, options, etc. for project planning, management, analysis and reporting. Defining two business units and two project units is not recommended for this scenario, as this would create unnecessary duplication of setups for transaction processing
Question 23:
Which five steps are required for the File-Based Data Import Integration option?
A. Run Process to transfer data to interface tables.
B. Install an Excel add-in.
C. Upload the file to the server.
D. Download an Excel template.
E. Populate the spreadsheet with data and generate a CSV file.
Where should you specify the Default Capitalized Interest Rate Schedule?
A. Manage Capitalized Interest Rates page
B. Manage Expenditure Type page
C. Manage Capitalized Interest Rate Schedules page
D. Manage Project Type page
E. Manage Project Plan Type page
Correct Answer: D
The Default Capitalized Interest Rate Schedule should be specified on the Manage Project Type page. This option allows you to select a capitalized interest rate schedule that will be used as the default for projects or tasks that use the project type. A capitalized interest rate schedule defines the interest rates and dates that are used to calculate the capitalized interest amount for a project or task. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356101
Question 25:
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 project 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 expenditure organization in which the transaction is performed.
D. 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.
Correct Answer: A
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 ?Define Project Organizations Topic-Set Assignments and Project Data ?How They Work Together (Page 29) Business Unit as Set Determinant Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit. Business unit is a set determinant for the project-related reference data objects described in the following table. Ref Data Object Entities
Project Unit as Set Determinant Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table. Ref Data Object Entities
Project Definition Class codes, financial plan types, project plan types and project roles Project Transaction Types Expenditure types and work types You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities
Question 26:
Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?
A. Resource Management
B. Project Control
C. Project Management
D. Project Costing
Correct Answer: C
Project Management is the product offering that enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools. Project Management allows you to create and manage project plans, tasks, deliverables, issues, milestones, gates, etc. using various methods and sources. You can also monitor and control project progress and performance using dashboards and reports. Resource Management is the product offering that enables you to optimize the utilization and allocation of resources for projects and tasks. Resource Management allows you to create and manage resource requests, assignments, pools, calendars, etc. using various criteria and sources. You can also monitor and analyze resource availability and demand using dashboards and reports. Project Control is the product offering that enables you to simplify the planning, budgeting, and forecasting capabilities for projects and tasks. Project Control allows you to create and manage project budgets, forecasts, financial plans, etc. using various methods and sources. You can also monitor and control project costs and variances using dashboards and reports. Project Costing is the product offering that enables you to capture and process project costs from various sources and applications. Project Costing allows you to create and manage project transactions, expenditures, assets, etc. using various rules and options. You can also generate project costing and accounting entries using dashboards and reports. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/overview-project-financial-management.html#OAPFM2356301
Question 27:
Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)
A. Daily Spread Basis
B. Back Loaded
C. Bell Curve
D. S-Curve
E. Even
Correct Answer: A
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-control-configuration-manage-spread-curves.html#OAPFM79760 Predefined Spread Curves Name Description Dist. Factors
Even Linear distribution of financial or project plan values across periods. 10-10-10-10-10-10-10-10-10-10 Prorated Even Linear distribution of financial or project plan values across periods, with an exception of the first period and last period in the financial plan. Financial or project plan values for the first period and last period are prorated based on the number of days in the period. 10-10-10-10-10-10-10-10-10-10 Back Loaded Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase over succeeding periods. 0-5-10-15-20-25-30-35-40-45 Front Loaded Front-loaded distribution of financial or project plan values across periods. Assigned amounts decrease over succeeding periods. 45-40-35-30-25-20-15-10-5-0 S Curve S-shaped distribution of financial or project plan values across periods. 18-10-8-10-15-17-18-17-15-8 Bell Curve Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is highest in the middle periods. 0-4-10-12-14-12-10-4-0-0 Daily Spread Analysis Spread is based upon the number of days in each financial period throughout the duration of the task assignment. Amounts are proportionally distributed throughout all periods for the duration of the task assignment None
Question 28:
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
A. Accounts Member
B. Time Member
C. Category Member
D. Scenario Member
Correct Answer: A
The Accounts Member component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual. The Accounts Member component defines the account dimension member for the performance measure, which represents the financial data that is measured. You can also specify the aggregation rule and calculation method for the account dimension member. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-performance-reporting.html#OAPFM2356081
Question 29:
Identify three correct statements about project types. (Choose three.)
A. Project type can be used as a source in subledger accounting.
B. Project type can be enabled for both billing and capitalization.
C. Summarization options can be specified at project type.
D. Classifications can be assigned at project type.
E. Project type can be associated with multiple project units.
Correct Answer: ACE
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-financialmanagement.html#OAPFM2355971
Question 30:
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. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
C. A document entry such as straight time must be enabled for cross-charge transactions.
D. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
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