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

• Question 71:

  You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

  A. The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.

  B. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.

  C. The Contract and Contract Line dimensions apply only to Invoice measures.

  D. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.

  E. The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

  Correct Answer: D

  Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.html#Projects__Cross_Subject_Area_Analysis__Re al_Time_SA_20

  Analyze real-time information on project performance, including budgets, forecasts, costs, commitments, revenue, and invoices.

  This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget, forecasts, Costs areas.

• Question 72:

  Which two statements are true about the borrowed and lent cross charge method? (Choose two.)

  A. Internal Invoice is not generated with this method.

  B. This method allows you to process cross charge transactions across legal entities.

  C. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations

  D. You must set up a contract business unit to use this method.

  Correct Answer: AB

  The borrowed and lent cross charge method is a method that allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger. This method does not generate internal invoices or intercompany accounting entries for cross charge transactions. Instead, this method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations using borrowed and lent accounts. Two statements that are true about this method are: Internal Invoice is not generated with this method. This method does not create internal invoices for cross charge transactions, as these transactions are accounted within the same primary ledger using borrowed and lent accounts. This method allows you to process cross charge transactions across legal entities. This method allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger, as long as they share the same chart of accounts, calendar, currency, and subledger accounting method.

• Question 73:

  You have four resources in your organization: P, Q, R, and S.

  Resource P -Project or resource calendar is active.

  Resource Q -Project resource request dates are within the project or resource calendar effective dates.

  Resource R -Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.

  Resource S -Number of working days within the requested date range is not zero on the project or resource calendar.

  Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

  A. P

  B. Q

  C. R

  D. S

  Correct Answer: C

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.html#OAPEM916359 Topic-Resource Available Capacity Score: How It's Calculated Calendars Used to Calculate Resource Available Capacity Scores How the Resource Available Capacity Score Is Calculated

• Question 74:

  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#OAFSM116

• Question 75:

  Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

  A. CSV

  B. XML

  C. JSON

  D. XLSX

  Correct Answer: B

  XML (Extensible Markup Language) is the data format that is supported by SOAP (Simple Object Access Protocol) Web services to establish communication between web services consumers and web services providers. XML is a standard format that allows data to be exchanged across different platforms and applications. SOAP Web services use XML to encode the messages and data that are sent and received between the web services endpoints. Reference: https:// docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/integrate-project-financial-management.html#OAPFM2356071

• Question 76:

  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.

  What is the reason for this problem?

  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#O APJC1071482

• Question 77:

  Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

  A. Create a revenue method with a revenue method classification of Amount Based.

  B. Create a revenue method with a revenue method classification of Rate Based.

  C. Create a revenue method classification with a revenue method of Percent Spent.

  D. Create a revenue method classification with a revenue method of Percent Complete.

  Correct Answer: B

  To perform revenue recognition based on the Labor and Non-labor Burden schedule types, you need to create a revenue method with a revenue method classification of Rate Based. This classification allows you to use the burdened cost rates of labor and non-labor resources as the basis for revenue recognition. The burdened cost rates are derived from the burden schedules that are assigned to the project or task. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-revenue.html#OAPFM2355981

• Question 78:

  Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?

  A. Manage Project Type page

  B. Manage Capitalized Interest Rate Schedules page

  C. Manage Capitalized Interest Rates page

  D. Manage Expenditure Type page

  E. Manage Project Plan Type page

  Correct Answer: A

  The Allow Override option for the Default Capitalized Interest Rate Schedule is specified on the Manage Project Type page. This option allows you to override the default capitalized interest rate schedule for a project or task that uses the project type. The default capitalized interest rate schedule is used to calculate the capitalized interest amount for a project or task based on the interest rates and dates defined in the schedule. Reference: https://docs.oracle.com/en/cloud/ saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2356031

• Question 79:

  Your customer has the following setups on the project plan type that they are using for their projects:

  Use Task Planned Dates as Task Assignment Dates = Yes

  Automatically Roll Up Task Planned Dates = Yes

  Synchronize Task Transaction Dates with Planned Dates = No

  With these setups in place, you perform the following actions:

  1.

  Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.

  2.

  Create another new subtask (Sub Task 2) after the previous action is saved.

  What would the correct behavior of the application be after these actions? (Choose the best answer.)

  A. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.

  B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.

  C. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.

  D. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.

  Correct Answer: C

  Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/manage-project-plan-tasks-and-task-assignments.html#OAPJF75076

• Question 80:

  Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? ( Choose the best answer.)

  A. The JOB role relevant to the China business unit is not assigned to the project accountant.

  B. The project accountant is not assigned to the external role that grants access to the China business unit.

  C. The US and UK business units are linked to different ledgers than the China business unit.

  D. The China business unit is associated with a different legal entity than the US and UK business units.

  Correct Answer: B

  To access transactions for a business unit, the project accountant needs to be assigned to an external role that grants access to that business unit. The external role is defined by the security profile of the business unit and can be different for each business unit. The job role and the legal entity are not relevant for accessing transactions for a business unit. The ledger is relevant for accounting transactions, but not for project transactions. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355903