Oracle 1Z0-1057-24 Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

Which three features are part of Oracle Fusion Functional Setup Manager?

Afeature opt-in for a best fit configuration

Bexport and import services for setup data migration between environments

Cguided task list for end-to-end setup requirements

Dupdating an implementation project task list by changing the opt-in configuration to suit the latest requirements

Emodifying an existing implementation project task list by selecting more functional areas when needed

Correct : A, B, C

https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-functional-setup-manager.pdf

Functional Setup Manager offers the following:

* Standardized application configuration and setup experience

* Feature opt-in for a best fit configuration

* Flexible processes for managing setup:

Setup by functional areas for an adopt-as-you-go approach

Implementation projects to manage setup

Upload file to enter setup data in bulk

* Guided task list for end-to-end setup requirements

* Export and import services for setup data migration between environments

* Comprehensive reporting on setup data

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Afeature opt-in for a best fit configuration

Bexport and import services for setup data migration between environments

Cguided task list for end-to-end setup requirements

Dupdating an implementation project task list by changing the opt-in configuration to suit the latest requirements

Emodifying an existing implementation project task list by selecting more functional areas when needed

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Question 2

You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.

Identify two reasons for this problem. (Choose two.)

AThe corresponding Oracle Payables Cloud accounting period has not been closed.

BTransactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

CPending burden summarization items have not been processed.

DUnaccounted transactions are not imported.

EUnaccounted transactions have not been swept to the next period.

Correct : B, E

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for-project-billing.html#OAPJB340382

Topic - Accounting Period and Project Accounting Period Closing: How Validation Works

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AThe corresponding Oracle Payables Cloud accounting period has not been closed.

BTransactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

CPending burden summarization items have not been processed.

DUnaccounted transactions are not imported.

EUnaccounted transactions have not been swept to the next period.

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Question 3

In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

Acommon costs on the project/task

Bexpenditure type exclusions on the Capitalized Interest rate name

Cexpenditure type exclusions on the Capitalized Interest rate schedules

Dexpenditure items whose cost spreads across multiple assets that are capitalized

Eexpenditure items whose costs are applied to a single asset or multiple assets

Correct : E

https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm

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Acommon costs on the project/task

Bexpenditure type exclusions on the Capitalized Interest rate name

Cexpenditure type exclusions on the Capitalized Interest rate schedules

Dexpenditure items whose cost spreads across multiple assets that are capitalized

Eexpenditure items whose costs are applied to a single asset or multiple assets

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Question 4

You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

AThe Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.

BThe Bill-To-Customer dimension applies only to Revenue and Invoice measures.

CThe Contract and Contract Line dimensions apply only to Invoice measures.

DThe Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.

EThe Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

Correct : D

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.html#Projects__Cross_Subject_Area_Analysis__Real_Time_SA_20

Analyze real-time information on project performance, including budgets, forecasts, costs, commitments, revenue, and invoices.

This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget, forecasts, Costs areas.

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AThe Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.

BThe Bill-To-Customer dimension applies only to Revenue and Invoice measures.

CThe Contract and Contract Line dimensions apply only to Invoice measures.

DThe Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.

EThe Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

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Question 5

Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

AEnable track missing time at project unit.

BEnable track missing time at project type.

CEnable track missing time at project template.

DEnable track missing time at business unit.

Correct : A

To fix the problem of project resources not reporting their time promptly, you should enable track missing time at project unit. This option allows you to track and report on missing time entries for project resources based on their work assignments and schedules. You can also set up notifications and reminders to prompt resources to enter their time on a regular basis. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-time-and-labor.html#OAPFM2356011

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AEnable track missing time at project unit.

BEnable track missing time at project type.

CEnable track missing time at project template.

DEnable track missing time at business unit.

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Master Oracle 1Z0-1057-24 Exam with Reliable Practice Questions

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