Oracle
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1Z0-1057-22
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Oracle Project Management Cloud 2022
Implementation Professional
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QUESTION & ANSWERS
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Demo Version
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Questions & Answers PDF Page 12
Version: 4.0
Question: 1
A consulting services company is currently working on a business transformation project for your
client, which spans multiple years. At the first period close, the consulting services company has
recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
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Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding
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invoice accounting entry? (Choose the best answer.)
A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
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C. Dr Accounts Receivables 40,000Cr Revenue 40,000
D. Dr Unearned Revenue 40,000Cr Revenue 40,000
Answer: B
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Question: 2
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You want to export your project plan to Oracle Project Financial Management Cloud after initial
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scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting
milestone tasks. (Choose three.)
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A. only one labor resource assignment with 100 effort
B. lowest-level tasks set up with non-zero duration
C. lowest-level tasks set up with zero duration
D. only one labor resource assignment with 0 effort
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E. percent work complete values of 0 or 100 percent
Answer: C, D, E
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Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define-
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project-management-configuration.html#OAPEX1357147
Topic - Microsoft Project Prevalidation: Explained
The following table describes Prevalidation rules for tasks and resource assignments.
Level Rule
Lowest-level One labor and multiple expense resources are allowed for a lowest-level task.
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Questions & Answers PDF Page 3
tasks Remove other resources.
Summary Only one labor resource with zero allocation is allowed for a summary task. Remove
tasks all other resources.
Milestone No subtasks are allowed under milestone tasks. Milestones must be lowest-level
tasks tasks.
Milestone Milestone tasks must have zero duration.
tasks
Milestone Only one labor resource, with zero effort, is allowed for a milestone task. Remove all
tasks other resources.
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When exporting milestone tasks, ensure that the tasks:
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Are lowest-levels task with zero duration, that is, the same start and finish dates.
Have only one labor resource assignment with zero effort.
Have percent work complete values of 0 or 100 percent. Any other values are set to zero before
export.
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Question: 3
Your customer wants to automatically allocate unassigned asset lines and common costs across
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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
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requirement. (Choose the best answer.)
A. Standard Unit Cost
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B. Actual Unit
C. Current Cost
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D. Estimated Cost
E. Spread Evenly
Answer: C
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Ref: 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
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The asset cost allocation method determines how indirect or common costs incurred on a project are
allocated to multiple assets.
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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
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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
Question: 4
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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.)
A. Effort
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B. Cost
C. Manual Entry
D. Remaining Plan
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Answer: B
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Reference https://ppm-
help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm
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Below is an example of the Financial Summary view on the Cost tab of the Project Overview page.
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Questions & Answers PDF Page 5
Question: 5
Which five steps are required for the File-Based Data Import Integration option?
A. Run Process to transfer data to interface tables.
B. Install an Excel add-in.
C. Upload the file to the server.
D. Download an Excel template.
E. Populate the spreadsheet with data and generate a CSV file.
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F. Import data into various applications.
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Answer: A B C D E
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-
management/19b/oefpp/overview.html#External_Data_Integration_Services_for_Oracle_Cloud_Ov
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erview
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