Oracle 1Z0-1057-24 Exam Real Questions

Prepare and pass your Oracle Project Management Cloud 2024 Implementation Professional with free 1Z0-1057-24 exam questions.

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Total 132 Questions | Updated On: Oct 08, 2024

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Question 1

A consulting services company is currently working on a business transformation project for your 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:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

A : Dr Deferred Revenue 10000Cr Unbilled Receivables 10000

B : Dr Accounts Receivables 10000Cr Unbilled Receivables 10000

C : Dr Unbilled Receivables 10000Cr Accounts Receivables 10000

D : Dr Accounts Receivables 10000Cr Revenue 10000

Answer: C

Question 2

Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

A : ition

B : namic

C : atic

D : exfield

E :

Answer: C

Question 3

Which product offering enables you to collaboratively plan and deliver projects by leveraging intuitive and integrated scheduling tools?

A : ource Management

B : oject Control

C : oject Management

D : oject Costing

Answer: C

Question 4

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.)

A : eate a revenue method with a revenue method classification of Amount Based.

B : eate a revenue method with a revenue method classification of Rate Based.

C : eate a revenue method classification with a revenue method of Percent Spent.

D : eate a revenue method classification with a revenue method of Percent Complete.

Answer: B

Question 5

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.

An HCM person is included in a condition with a process order value of 1 and, additionally, there are three

other conditions, all with a process order value of 10. Identify two correct statements about the Maintain

Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

A : process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

B : r the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

C : r the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

D : process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: B,D

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Total 132 Questions | Updated On: Oct 08, 2024

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