Three formats of Oracle 1Z0-1057-23 practice exams meet the diverse needs

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q39-Q44):

NEW QUESTION # 39
Select two correct statements about project classifications on a template.

A. Set Code is not required for a project class category in a project classification.
B. Project class category in a project classification must be associated with a Set Code.
C. When a project is created from a template, the required project classifications must be entered.
D. Project Classification is a mandatory field on a project template.

Answer: A

Explanation:
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961

NEW QUESTION # 40
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

A. Deploying
B. Planning
C. Opting In
D. Maintaining
E. Setting Up

Answer: E

Explanation:
The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356111

NEW QUESTION # 41
Which two statements are true about the cross-charge method, Borrowed and Lent?

A. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
B. Costs or revenue are shared based on transfer price rules with this method.
C. This method creates a formal internal invoice.
D. You must set up the contract business unit to use this method.

Answer: A

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjc/process-project-cost-transactions.html#OAPJC284872 What,s a borrowed and lent processing method?
A method of processing cross-charge transactions that generates accounting entries to share revenue or transfer costs from the provider organization to the receiver organization within a legal entity. An internal invoice isn,t created but costs or revenue are shared based on the transfer price rules. This method provides a financial view of the performance of an organization.

NEW QUESTION # 42
Your customer has separate organizations to maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement.

A. Project Organization Classification
B. Project Type
C. Business Unit
D. Organization Tree
E. Project Accounting Business Function

Answer: A

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

NEW QUESTION # 43
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.

A. 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.
B. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.
C. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
D. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.

Answer: A

Explanation:
Reference https://docs.oracle.com/cd/E37583_01/doc.1116/e22598/F458900AN13D82.htm How Resource Mapping Is Calculated You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.
Oracle Fusion Projects uses the following rules to associate cost amounts with resources:
Select the lowest level in the resource breakdown structure to which a transaction can map.
If there is only one level to which the transaction maps, the cost amounts are mapped to that level.
If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in the branch with the lowest sum.
If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of the next level up.
If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
If one branch contains a user-defined resource type, precedence is given to the branch that does not contain a user-defined resource type.
Note Oracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.

NEW QUESTION # 44
......

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Three formats of Oracle 1Z0-1057-23 practice exams meet the diverse needs

Exam Topics Oracle 1Z0-1057-23 Pdf - New 1Z0-1057-23 Test Syllabus

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q39-Q44):

Latest Oracle 1Z0-1057-23 Dumps PDF - Quick And Proven Way To Pass Exam

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