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Oracle 1Z0-1057-23 Exam Syllabus Topics:

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question 1

Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management.

A. project
B. project plan type
C. project classification
D. resource
E. expenditure item

Question 2

You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem.

A. The organization is not classified as a project-owning organization.
B. The organization is classified as a project unit.
C. The organization is not classified as a project expenditure organization.
D. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.

Question 3

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

A. Define allocation basis by using Actual Amounts with a period-to-date amount class.
B. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
C. Allocate rental costs once each accounting period by using the "full" allocation method.
D. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
E. Define allocation basis by using Actual Amounts with a project-to-date amount class.

Question 4

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.
Response:

A. Unaccounted transactions are not imported.
B. Unaccounted transactions have not been swept to the next period.
C. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
D. Pending burden summarization items have not been processed.
E. The corresponding Oracle Payables Cloud accounting period has not been closed.

Question 5

Which two statements are true about the borrowed and lent cross charge method?

A. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations
B. This method allows you to process cross charge transactions across legal entities.
C. Internal Invoice is not generated with this method.
D. You must set up a contract business unit to use this method.

Solutions: