REAL AND VALID 1Z0-1057-24 EXAM QUESTIONS & ANSWERS

Real And Valid 1z0-1057-24 Exam Questions & Answers

Real And Valid 1z0-1057-24 Exam Questions & Answers

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Oracle 1z0-1057-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Project Management Overview: This section assesses the skills of project management consultants and focuses on understanding the components of Oracle Project Management Cloud, including its integration capabilities.
Topic 2
  • Using Functional Setup Manager: This section measures the skills of functional setup managers and focuses on understanding the Functional Setup Manager and the Rapid Implementation Workbook, which are essential for configuring and deploying Oracle Project Management Cloud applications.
Topic 3
  • Configure Project Resource Management: This section measures the skills of resource managers and focuses on defining project enterprise labor resources to optimize resource allocation and utilization.
Topic 4
  • Describing Navigation, User Experience, Personalization, and Approvals: Targeting user experience designers, this section evaluates knowledge of business processes supported by approvals and workflows, setting up approval and notification tasks, and concepts related to navigation, user experience, and personalization within the application.
Topic 5
  • Configure Project Management: Aimed at project execution managers, this section describes common project execution components, managing issues and deliverables, project requirements, configuring social networks for project execution, managing project gates, and using Application Composer for project execution management to ensure seamless project operations.
Topic 6
  • Using Program Management: Targeting program managers, this section involves using program management and reporting tools to oversee multiple projects and ensure alignment with organizational objectives.
Topic 7
  • Configure Project Foundation: This section assesses the skills of project foundation specialists and includes setting up project calendars and periods, defining types and categorizations, managing project resources, describing rate schedules, project types, setting up transaction sources, and managing labor schedules to establish a solid foundation for project management.

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Oracle Project Management Cloud 2024 Implementation Professional Sample Questions (Q103-Q108):

NEW QUESTION # 103
You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)

  • A. Project Billing Specialist- Security based on Contract BU
  • B. Project Team Member- Security based on Project Assignment
  • C. Project Manager- Security based on Project Assignment
  • D. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
  • E. Project Executive- Security based on Project Hierarchy

Answer: B,C

Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security- in-oracle-fusion-project-portfolio-management.html#FASER1840867


NEW QUESTION # 104
Stigma consulting has been hired by a client to implement Project Management Cloud. Which role should they assign to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook?

  • A. Project Integration Specialist
  • B. Project Executive
  • C. Project Application Administrator
  • D. Project Administrator

Answer: A

Explanation:
The Project Integration Specialist role should be assigned to a user for using the rapid implementation feature to set up the Project Financial Management offering by populating and uploading a Microsoft Excel workbook. This role allows the user to access the Functional Setup Manager and perform the common setups for project costing and billing using predefined templates and spreadsheets. The user can also monitor and validate the setup data using reports and dashboards. Reference:https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/implement-project-financial-management-applications.
html#OAPFM2356151


NEW QUESTION # 105
Your client has decided to import time cards into Project Costing from Oracle Fusion Time and Labor. They have a requirement to make adjustments to time card entries whenever needed.
In which work area will the employees and contingent workers be able to modify their time cards?

  • A. Cost
  • B. Asset
  • C. Both Time and Cost
  • D. Time

Answer: D

Explanation:
The employees and contingent workers will be able to modify their time cards in the Time work area. This work area allows them to enter, review, edit, and submit their time cards for approval. They can also view the status and history of their time cards and make corrections as needed. The Time and Cost work area allows the project managers and cost accountants to review, adjust, and transfer time card transactions to projects and tasks. The Asset work area allows the asset managers and cost accountants to review, adjust, and transfer asset transactions to Oracle Fusion Assets. These work areas are not used by the employees and contingent workers to modify their time cards. Reference:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/manage-project-time-and-labor.html#OAPFM2356221


NEW QUESTION # 106
Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)

  • A. expenditure item
  • B. project
  • C. resource
  • D. project classification
  • E. project plan type

Answer: B,C

Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937


NEW QUESTION # 107
A consulting services company is currently working on a business transformation project foryour 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?

  • A. Dr Unbilled Receivables 10000 -
    Cr Accounts Receivables 10000
  • B. Dr Accounts Receivables 10000 -
    Cr Revenue 10000
  • C. Dr Accounts Receivables 10000 -
    Cr Unbilled Receivables 10000
  • D. Dr Deferred Revenue 10000 -
    Cr Unbilled Receivables 10000

Answer: C

Explanation:
When you reclassify the billing offset balances in the first period, the accounting entry is:
Dr Accounts Receivables 10000 - Cr Unbilled Receivables 10000
This entry reduces the unbilled receivables balance and increases the accounts receivables balance by the invoice amount. This is because the invoice has been created and sent to the customer, and the billing offset account is no longer needed. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management
/20c/oapfm/manage-project-invoices.html#OAPFM2356091


NEW QUESTION # 108
......

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