Pass the Oracle Project Financials Management Cloud 1z0-1057-24 Questions and answers with CertsForce

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Questions # 1:

Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.

Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

Options:

A.

Class codesshould beassociatedwith a relatedset code.


B.

Class categories should be assigned to business unit.


C.

Class categoriesshould beassignedtoproject type.


D.

Class codes should be assigned to project unit.


Questions # 2:

Your organization has been awarded a new contract based on which you are allowed to sell:

    Items not tracked in inventory

    Inventory items

    Services

Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

Options:

A.

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


B.

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


C.

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


D.

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


Questions # 3:

When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

Options:

A.

New


B.

Hold


C.

Posted


D.

Post


Questions # 4:

Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

Options:

A.

Receipt Accounting


B.

Payables


C.

Fixed Asset


D.

Purchasing


Questions # 5:

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option.When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.

Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

Options:

A.

The current period start date is used for calculating labor demand for the current year.


B.

The current date is used for calculating labor demand for the current year.


C.

The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.


D.

The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.


Questions # 6:

Which three are valid password complexity criteria while setting up password policies? (Choose three.)

Options:

A.

Complex: At least 8 characters, 1 uppercase, and 1 number


B.

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 2 special characters


C.

Very Complex: At least 6 characters, 1 uppercase, 1 number, and 1 special character


D.

Very Complex: At least 8 characters, 1 uppercase, 1 number, and 1 special character


E.

Simple: At least 8 characters and 1 number


Questions # 7:

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

Options:

A.

On Hold > Pending Acceptance > Active


B.

On Hold > Pending Approval > Active


C.

Pending Approval > Pending Acceptance > Active


D.

Pending Acceptance > Pending Approval > Active


Questions # 8:

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.)

Options:

A.

1000


B.

900


C.

800


D.

600


Questions # 9:

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

Options:

A.

CSV


B.

XML


C.

JSON


D.

XLSX


Questions # 10:

Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)

Options:

A.

project


B.

expenditure item


C.

project classification


D.

project plan type


E.

resource


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