Free Online Oracle 1Z0-1057-23 Practice Test

Prepare Your Oracle 1Z0-1057-23 Exam Questions with Free online 1Z0-1057-23 Practice Test. Get Brilliant Oracle Project Management Cloud 2023 Implementation Professional Exam Results with Valid 1Z0 1057 Exam Dumps.

Page: 1 / 27

Total 132 Questions | Updated On: Apr 22, 2024

Question 1

You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for

a billable expenditure item and active contract, the process completes successfully but without any billing, and

does not provide any error logs.

The program’s processing summary is as follows:

Billing Event Errors 0

Ineligible Contracts 0

Successfully Billing Events Created 0

Ineligible Contract Lines 0

Billing Transaction Exception Errors 0

Ineligible Bill Plans 0

Billing Transaction Exception Warnings 0

Ineligible Associated Projects 0

Successful Billing Transactions 0

Ineligible Expenditure Items 0

Draft Invoice Exception Errors 0

Ineligible Events 0

Draft Invoice Exception Warnings 0

Successful Draft Invoices 0

What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

A : Amount Based

B : Rate Based

C : As Incurred

D : Percent Complete

Answer: A

Question 2

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?

A : Project Foundation

B : Project Costing

C : General Ledger

D : Subledger Accounting

Answer: A

Question 3

Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)

A : Accounting date is the same as the original invoice date.

B : Project accounting date is the same as the original invoice date.

C : Project accounting date is the first day of the first open project accounting period.

D : Project accounting date is the last day of the open project accounting period.

E : Accounting date is the first day of the first open accounting period.

Answer: A,B

Question 4

You have defined two expenditure types but they are not available for selection when you enter an expenditure batch. What is the reason for this problem?

A : 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

B : 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.

C : 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

D : 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.

Answer: C

Question 5

You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.

What will be your recommendation?

A : Define One Business Unit and Two Project Units

B : Define Two Business Units and Two Project Units

C : Define One Business Unit and Three Project Units

D : Define Two Business Units and One Project Unit

Answer: A

Page: 1 / 27

Total 132 Questions | Updated On: Apr 22, 2024