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

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Questions # 21:

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

Options:

A.

Pool Membership


B.

attributes that the project enterprise resources are assigned after creation


C.

Jobs


D.

Person Type


Expert Solution
Questions # 22:

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?

Options:

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.


Expert Solution
Questions # 23:

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.)

Options:

A.

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


B.

Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.


C.

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


D.

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


E.

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


Expert Solution
Questions # 24:

Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

Options:

A.

Planning


B.

Deploying


C.

Maintaining


D.

Setting Up


E.

Opting In


Expert Solution
Questions # 25:

You havedefined 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.)

Options:

A.

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


B.

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.


C.

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.


D.

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.


Expert Solution
Questions # 26:

Which setup option is common to both financial and project plan types?

Options:

A.

Manage the options for creating control budgets in Oracle Fusion Budgetary Control.


B.

Enable the entry of plan amounts in currencies other than the project currency.


C.

Identify whether the plan type is the default selection when you create budget or forecast versions.


D.

Enable the use of a workflow for managing budget or forecasting status changes.


Expert Solution
Questions # 27:

Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.

What are three conditions for new employees to show up in the list? (Choose three.)

Options:

A.

Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.


B.

All new employees created as persons must have an active supervisor.


C.

All new employees created as personsmust be assigned to a department.


D.

All new employees created as personsmust have an active assignment.


E.

All new employees created as persons must have an active project role.


Expert Solution
Questions # 28:

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.)

Options:

A.

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


B.

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


C.

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


D.

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


Expert Solution
Questions # 29:

You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window. Whichtwosteps should be completed before you can access the "Create Infolet" option?

Options:

A.

You must activatePage Composer.


B.

You should be on the Project Custom Objects page.


C.

You must be in anactive sandbox.


D.

You should enable the "Create Infolet" option from the Personalize Springboard page.


Expert Solution
Questions # 30:

Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations. Identify two valid rules based on which cost association works. (Choose two.)

Options:

A.

If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.


B.

If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.


C.

If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.


D.

If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with thelowest number at the lowest level.


Expert Solution
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