Updated Jan-2023 Test Engine to Practice 1z0-1057-22 Test Questions [Q72-Q88]

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Updated Jan-2023 Test Engine to Practice 1z0-1057-22 Test Questions

1z0-1057-22 Real Exam Questions Test Engine Dumps Training With 128 Questions

Oracle 1z0-1057-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure Project Cost Collection Center Explain capitalized interest calculations
Topic 2	Configure Social Network for Project Execution Describe Functional Setup Manager
Topic 3	Set up Project Calendars and Periods Set up approval and notification tasks Project Management Overview
Topic 4	Describe the Rapid Implementation Workbook Describe the business processes that are supported by approvals and workflows
Topic 5	Describe the components of Oracle Project Management Cloud Set up Project Financial Management Organizations
Topic 6	Configure Project Resource Management Configure Project Performance Reporting
Topic 7	Navigation, User, Personalization and Approvals Describe the Applications Security Console
Topic 8	Configure and Manage Key Performance Indicators for Project Performance Reporting Identify the roles delivered in a seeded security implementation

NEW QUESTION 72
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:

and accounting entry for invoice is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

Dr Deferred Revenue 10000 –
Cr Unbilled Receivables 10000

Dr Accounts Receivables 10000 –
Cr Unbilled Receivables 10000

Dr Unbilled Receivables 10000 –
Cr Accounts Receivables 10000

Dr Accounts Receivables 10000 –
Cr Revenue 10000

NEW QUESTION 73
Which five steps 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.

Validate the sheet using the Validate option.

NEW QUESTION 74
Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

Billable Flag

Expenditure Type

Capitalizable Flag

Funding Source

Work Type

NEW QUESTION 75
You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Which two are correct statements in this scenario? (Choose two.)

The association of a deliverable with a task is dependent on associating a requirement with a task.

You associate a deliverable with a task independent of associating a requirement with a task.

A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

NEW QUESTION 76
Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?

CSV

XML

JSON

XLSX

NEW QUESTION 77
When implementing Project Performance Reporting, your customer has the following requirements:
Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

multiple threshold levels

single threshold level value

single threshold level range

multiple threshold level value

NEW QUESTION 78
Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

Enable track missing time at project unit.

Enable track missing time at project type.

Enable track missing time at project template.

Enable track missing time at business unit.

NEW QUESTION 79
Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

Effort

Cost

Manual Entry

Remaining Plan

NEW QUESTION 80
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 a revenue 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 81
Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?

Manage Project Type page

Manage Capitalized Interest Rate Schedules page

Manage Capitalized Interest Rates page

Manage Expenditure Type page

Manage Project Plan Type page

NEW QUESTION 82
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.)

NEW QUESTION 83
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 commitment for $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 84
Where should you specify the Default Capitalized Interest Rate Schedule?

Manage Capitalized Interest Rates page

Manage Expenditure Type page

Manage Capitalized Interest Rate Schedules page

Manage Project Type page

Manage Project Plan Type page

NEW QUESTION 85
Your customer has a requirement to import and process third-party transactions that are “costed” and “accounted”.
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

Import Options

Document Options

Transaction Source Options

Document Entry Options

NEW QUESTION 86
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

billing events

bill plan

expenditure items

billing controls

invoice method

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#OAPJB70183 Bill Plan – Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan – not a separate setup.
Billing Controls – Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic – Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications? Percent Spent What is the billing extension calculation level for the contract line and project association? Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
Create a project.
Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
Create an approved cost budget.
Create cost and burden rates.
Enter labor and expense transactions for the project.
Collect costs for the transactions.
Configuration Steps
Creating the Contract
Creating the Percent Spent Contract Lines
Creating the Bill Plan – A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans.
Creating the Revenue Plan – Common set of instructions for recognizing revenue within a contract. Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.