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Free Oracle 1Z0-1057-24 Exam Questions (page: 2)

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PDF with 126 Questions
View Related Case Study

Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset. Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement. (Choose the best answer.)

  1. Standard Unit Cost
  2. Actual Unit
  3. Current Cost
  4. Estimated Cost
  5. Spread Evenly

Answer(s): C


Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-

foundation-configuration-manage-project-types.html#OAPFM220111

Topic ­ Asset Cost Allocation Methods: Explained

The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.

You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.

Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level.

The following table describes the available asset cost allocation methods.

Method Basis of Cost Allocation

Actual Units Number of units defined for each asset

Current Cost Construction-in-process (CIP) cost of each asset

Estimated Cost Estimated cost of each asset

Standard Unit Combination of the standard unit cost and the number of units Cost defined for each asset

Spread Evenly Equal allocation of cost to each asset



View Related Case Study

Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

  1. Effort
  2. Cost
  3. Manual Entry
  4. Remaining Plan

Answer(s): B


Reference:

https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm

Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.



View Related Case Study

Which five steps are required for the File-Based Data Import Integration option?

  1. Run Process to transfer data to interface tables.
  2. Install an Excel add-in.
  3. Upload the file to the server.
  4. Download an Excel template.
  5. Populate the spreadsheet with data and generate a CSV file.
  6. Import data into various applications.
  7. Validate the sheet using the Validate option.

Answer(s): A,B,C,D,E


Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio- management/19b/oefpp/overview.html#External_Data_Integration_Services_for_Oracle_Cloud_Ov erview



View Related Case Study

You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

  1. There is no expenditure type information available on the distribution set line.
  2. There is no expenditure organization information available on the distribution set line.
  3. There is no expenditure item date information available on the distribution set line.
  4. The account code combination is not available on the distribution set line.

Answer(s): C


Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project- costing-configuration-define-project-costing-integrations.html#OAPFM174886

How can I validate distribution sets for projects information?

Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices at the time you create the actual distribution set lines. It validates the project and task number during the invoice validation.

Distribution sets are typically used on recurring transactions, and the associated project does not have transaction controls.
When you create a distribution set in Oracle Fusion Payables, the distribution set line is not validated against the project transaction controls in Oracle Fusion Projects because you do not enter an expenditure item date, which is required for transaction control validation. The expenditure item date is not provided because you use the distribution sets for an indefinite period of time.



View Related Case Study

Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

  1. work type
  2. event type
  3. cost type
  4. expenditure type

Answer(s): A


Reference:

https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what's a work type?)

In billing, you can use work types to classify work for the following purposes:

To determine the default billable status of expenditure items.

To classify cross-charge amounts into cost and revenue for cross-charge transactions.

Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes.

When you create or import expenditure items, the default work type is inherited from the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.



View Related Case Study

Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:

0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. (Choose two)

  1. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
  2. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
  3. Use the predefined Bell Curve spread with small deviations on the spread points.
  4. Use the predefined S-Curve spread with small deviations on the spread points.

Answer(s): A,B

Explanation:

To handle a custom spread on budgets and forecasts, you can either create a new spread curve or edit an existing one to match the desired spread points. Then, you can attach the spread curve to a project template or a resource class, depending on whether you want to apply it to all projects using that template or all transactions using that resource class.


Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/define-project- budgets-and-forecasts.html#OAPFM2355819



View Related Case Study

Your organization has been awarded a new contract based on which you are allowed to sell:

Items not tracked in inventory

Inventory items

Services

Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

  1. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
  2. Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".
  3. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
  4. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".

Answer(s): B

Explanation:

To sell items not tracked in inventory, inventory items, and services, you can create two contract lines with different line types. The line type of "sell intent, free-form, project-based" allows you to sell any item or service without specifying the item number or quantity. The line type of "sell intent, item, project-based" allows you to sell inventory items by specifying the item number and quantity. Both line types are project-based, meaning they are linked to a project and generate revenue based on project performance.


Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/manage-contracts.html#OAPFM2355835



View Related Case Study

Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this.
(Choose the best answer.)

  1. Cascade change to the start date.
  2. Do not cascade date changes.
  3. Cascade change to the finish date.
  4. Cascade change to the start date and the finish date.

Answer(s): A


Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio-

management/19b/oapfm/project-control-configuration-manage-financial-and-project-plan- types.html#OAPFM79055



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