Oracle 1Z0-1057-21 Premium Exam Engine pdf – Download Free Updated 93 Questions [Q54-Q74]

NEW QUESTION 54
When scheduling the Update Project Performance Data process to run on a periodic basis, whichsummarization method would you select? (

Bulk

Detail

Incremental

Summary

NEW QUESTION 55
Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project rolethat you should assign to the person in the project to meet this requirement? (Choose the best answer.)

Project Manager

Project Administrator

Project Application Administrator

Project Accountant

NEW QUESTION 56
You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

900

800

600

1000

NEW QUESTION 57
You have closed theproject accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

The corresponding Oracle Payables Cloud accounting period has not been closed.

Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

Pending burden summarization items have not been processed.

Unaccounted transactions are notimported.

Unaccounted transactions have not been swept to the next period.

NEW QUESTION 58
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.)

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

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

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

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

NEW QUESTION 59
Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)

worktype

event type

cost type

expenditure type

NEW QUESTION 60
Whichfivesteps are required for the File-Based Data Import Integration option?

Run Process to transfer data to interface tables.

Install an Excel add-in.

Upload the file to the server.

Download an Excel template.

Populate the spreadsheet with data and generate a CSV file.

Import data into various applications.

NEW QUESTION 61
Which two statements are true about the cross-charge method, Borrowed and Lent?

This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.

Costs or revenue are shared based on transfer price rules with this method.

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

This method creates a formal internal invoice.

NEW QUESTION 62
You are now the project manager of a newly created implementation project. Which two items arenotpart of managing an implementation project?

Assign tasks to various users who are responsible for managing setup data.

Monitor the progress of completing setup tasks.

Select the offering you want to implement.

Generate a list of setup tasks.

Enable optional functional areas and features by opting in.

NEW QUESTION 63
Your organization has been awarded a new contract based on which you are allowedto sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

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

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

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

Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription, project-based, sell”.

NEW QUESTION 64
You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

1000

900

800

600

NEW QUESTION 65
Youare 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-chargetransactions 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. (Choosetwo.)

Transfer price basis must beRaw Costand calculation method must beBasis Only.

Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.

A document entry such asstraight time must be enabledfor cross-charge transactions.

Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.

NEW QUESTION 66
Which two statements describe how the Resource Qualification Score is calculated?

An individual’s score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have thequalification.

An individual’s score is 100% if the resource request has a qualification, but no proficiency is specified, and the resource has the qualification.

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.

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 proficiencythat is lower or higher than specified.

NEW QUESTION 67
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.

If the “Allow resource changes at project level” option is set to for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.

If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.

If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

NEW QUESTION 68
While opening an organization tree on the Manage OrganizationTrees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. ( Choose two.)

You usedCreate Treein the action menu.

You used Create Tree Version in the action menu.

You used View Tree Version in the action menu.

You selected theEdit iconfor opening the hierarchy.

You opened the hierarchy by clicking the name.

NEW QUESTION 69
Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocateto various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

spread evenly

target percentage and prorate

target percentage and spread evenly

prorate

NEW QUESTION 70
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 setup to meet the customer requirement? (Choose the best answer.)

assignment to one set only with common values

assignment to one set only; no common values allowed

assignment to multiple sets; common values allowed

assignment to multiple sets; no common values allowed

Explanation
Reference: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.htm ReferenceData 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 simplestform 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 transactiontypes. 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 isassigned 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.

NEW QUESTION 71
Your customerhas different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates willbe populated in such invoices? (Choose two.)

Accounting date is the same as the original invoice date.

Project accounting date is the same as the original invoice date.

Project accounting date is the first day of the first open project accountingperiod.

Project accounting date is the last day of the open project accounting period.

Accounting date is the first day of the first open accounting period.

NEW QUESTION 72
You haveprojects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors. Identify the why the project transaction controls are not applied. ( Choose the best answer.)

There is no expenditure type information available on the distribution set line.

There is no expenditure organization information available on the distribution set line.

There is noexpenditure item dateinformation available on the distribution set line.

The account code combination is not available on the distribution set line.

NEW QUESTION 73
You havedefined two expenditure types, but they are not available for selection when youenter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

The two expenditure types are not assigned to the reference data set that is assigned to theproject unitin which the transaction is performed.

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.

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.

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.

NEW QUESTION 74
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)

Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.

Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.

Use the predefined Bell Curve spread with small deviations on the spread points.

Use the predefined S-Curve spread with small deviations on the spread points.