Verified & Correct 1Z0-1057-22 Practice Test Reliable Source May 01, 2023 Updated [Q44-Q59]

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Verified & Correct 1Z0-1057-22 Practice Test Reliable Source May 01, 2023 Updated

Free Oracle 1Z0-1057-22 Exam Files Downloaded Instantly

The Oracle 1z0-1057-22 exam is an ideal certification for professionals who work in project management roles, such as project managers, project coordinators, and project administrators. It is also suitable for individuals who want to enhance their knowledge and skills in project management and work with Oracle technologies. The certification can help individuals stand out in a competitive job market and increase their career prospects.

Q44. 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

Q45. Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

Expenditure Type

Projects

Contract Line

Contract Header

Task

Q46. Your customer wants a team member who is assigned to a project to be able to create and submit a forecast, but not to be able to approve the forecast. What is the default project role that 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

Q47. While opening an organization tree on the Manage Organization Trees 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 used Create Tree in the action menu.

You used Create Tree Version in the action menu.

You used View Tree Version in the action menu.

You selected the Edit icon for opening the hierarchy.

You opened the hierarchy by clicking the name.

Q48. Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

Expenditure Types

Project Templates

Work Type

Project Types

Project Class Categories

Q49. 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?

Project Foundation

Project Costing

General Ledger

Subledger Accounting

Q50. Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

Project Budgets

Project Tasks

Project Billing Events

Project Templates

Q51. 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.)

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.

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.

Q52. 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.

Q53. 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

Q54. Your organization has a requirement to create and apply a new theme for the application user interface.
Which option allows you to achieve this requirement?

Structure Page

Appearance Page

Setup and Maintenance Work Area

User Interface Text

Q55. Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?

Enterprise Contract Management

Project Billing

Project Control

Project Costing

Q56. 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 set up 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

Reference https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA462453 Reference Data 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 simplest form 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 transaction types. 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 is assigned 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.

Q57. Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?

Accounts Member

Time Member

Category Member

Scenario Member

Q58. You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

Allocate rental costs once each accounting period by using the “full” allocation method.

Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.

Define allocation basis by using Actual Amounts with a project-to-date amount class.

Define allocation basis by using Actual Amounts with a period-to-date amount class.

Allocate rental costs once each accounting period by using the “spread evenly” allocation method.

Q59. You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)

The organization is not classified as a project-owning organization.

The organization is not classified as a project expenditure organization.

The organization is not included in the organization tree that is assigned to the business unit that owns the PO.

The organization is classified as a project unit.

The Oracle 1z0-1057-22 exam is a certification exam designed to validate the skills and knowledge of professionals who wish to implement the Oracle Project Management Cloud 2022. This exam is ideal for project managers, team leaders, and IT professionals who are interested in enhancing their project management skills and developing their career in the field of cloud technology.

The Oracle 1z0-1057-22 exam is a valuable certification for professionals who work with Oracle Project Management Cloud 2022. It validates their knowledge and skills in implementing the solution and demonstrates their expertise in project management principles and methodologies. Candidates who successfully pass the exam can enhance their career prospects and contribute to the success of their organization.

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