Oracle
1Z0-1057-23
Oracle Project Management Cloud 2023 Implementation
Professional
QUESTION & ANSWERS
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QUESTION 1
Your client has implemented Oracle Cloud Applications with their United States business unit and
United
Kingdom business unit. After six months, they acquired another company in China and added a China
business unit. A project accountant in your organization is authorized to access transactions for the
US, UK,
and China business units. The project accountant can see the transactions for the US and UK business
units but
not for the China business unit. Why is he not able to see the transactions for the China business unit?
(Choose
the best answer.)
A. The application role relevant to the China business unit is not assigned to the project accountant.
B. The project accountant is not assigned to the external role that grants access to the China
business unit.
C. The US and UK business units are linked to different ledgers than the China business unit.
D. The China business unit is associated with a different legal entity than the US and UK business
units.
Correct Answer: A,D
QUESTION 2
Your customer wants to generate accounting based on project information associated with the
transaction for
all subledger transactions. Identify three subledger applications for which the project source is
available for
deriving accounts when configuring subledger accounting. (Choose three.)
A.
B.
C.
D.
Receipt Accounting
Payables
Fixed Asset
Purchasing
Correct Answer: A,B,D
Explanation/Reference:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-costingconfiguration-define-project-costing-integrations.html#OAPFM3094605
Topic - Deriving Projects-Related Accounts
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QUESTION 3
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.)
A.
B.
C.
D.
Enable track missing time at project unit.
Enable track missing time at project type.
Enable track missing time at project template.
Enable track missing time at business unit.
Correct Answer: A
QUESTION 4
Which data format is supported by SOAP Web services to establish communication between web
services consumers and web services providers?
A.
B.
C.
D.
CSV
XML
JSON
XLSX
Correct Answer: A
QUESTION 5
Your company uses an accounting calendar with periods that are identical to calendar months. A
contract resource has been identified to work for six months on an accounting close cycle project. The
resource is planned to start with 10 days left in the first period and to end 20 days into the last
period. For the remaining periods, the resource must be loaded on all working days of the month. You
are required to distribute the budget, forecast, and planning amounts across periods based on the
task duration. Which predefined spread curve must be used to meet this requirement? (Choose the
best answer.)
A.
B.
C.
D.
E.
Daily Spread Basis
Back Loaded
Bell Curve
S-Curve
Even
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Correct Answer: A
Explanation/Reference:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-controlconfiguration-manage-spread-curves.html#OAPFM79760
Predefined Spread Curves
Name
Description
Dist. Factors
Even
Linear distribution of financial or project plan values across periods.
10-10-10-10-10-10-10-10-10-10
Prorated Even
Linear distribution of financial or project plan values across periods, with an exception of the first
period and
last period in the financial plan. Financial or project plan values for the first period and last period are
prorated
based on the number of days in the period.
10-10-10-10-10-10-10-10-10-10
Back Loaded
Back-loaded distribution of financial or project plan values across periods. Assigned amounts increase
over
succeeding periods.
0-5-10-15-20-25-30-35-40-45
Front Loaded
Front-loaded distribution of financial or project plan values across periods. Assigned amounts
decrease over
succeeding periods.
45-40-35-30-25-20-15-10-5-0
S Curve
S-shaped distribution of financial or project plan values across periods.
18-10-8-10-15-17-18-17-15-8
Bell Curve
Bell-shaped distribution of financial or project plan values across periods. Assignment of plan values is
highest in the middle periods.
0-4-10-12-14-12-10-4-0-0
Daily Spread Analysis
Spread is based upon the number of days in each financial period throughout the duration of the task
assignment. Amounts are proportionally distributed throughout all periods for the duration of the task
assignment
None
QUESTION 6
When scheduling the Update Project Performance Data process to run on a periodic basis, which
summarization method would you select? (Choose the best answer.)
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A.
B.
C.
D.
Bulk
Detail
Incremental
Summary
Correct Answer: C
Explanation/Reference:
Reference
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-projectorganizations.html#OAPFM177674
Settings That Affect Performance Data Summarization
You can summarize performance data for a project unit, business unit, a range of projects, or projects
managed
by a project manager. When you run the Update Project Performance Data process from the
Scheduled
Processes page, select one of the summarization methods from the following table:
Summarization Method
Usage
Incremental
Summarizes new transactions that are yet to be summarized
Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction flow.
Do not use this summarization method when you run the Update Project Performance Data Without
Producing Report process unless you are advised to do so.
Resource breakdown structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.
QUESTION 7
Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?
A.
B.
C.
D.
E.
Manage Project Type page
Manage Capitalized Interest Rate Schedules page
Manage Capitalized Interest Rates page
Manage Expenditure Type page
Manage Project Plan Type page
Correct Answer: C
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QUESTION 8
Your organization has a requirement to retrieve the value of the cost center segment based on the
department.
Which source can you use while defining the account rule to achieve this requirement?
A.
B.
C.
D.
Project Organization Cost Center Segment
Expenditure Business Unit Cost Center Segment
Event Organization Cost Center Segment
Expenditure Organization Cost Center Segment
Correct Answer: A
QUESTION 9
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.)
A.
B.
C.
D.
E.
Standard Unit Cost
Actual Unit
Current Cost
Estimated Cost
Spread Evenly
Correct Answer: C
Explanation/Reference:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundationconfiguration-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.
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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 Cost
Combination of the standard unit cost and the number of units defined for each asset
Spread Evenly
Equal allocation of cost to each asset
QUESTION 10
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
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice
accounting entry? (Choose the best answer.)
A.
B.
C.
D.
Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
Dr Accounts Receivables 40,000Cr Revenue 40,000
Dr Unearned Revenue 40,000Cr Revenue 40,000
Correct Answer: B
QUESTION 11
Which precedence order is used by the system for labor schedules to distribute payroll cost?
A.
B.
C.
D.
Element > Assignment Element > Assignment
Assignment > Assignment Element > Element
Assignment > Element > Assignment Element
Assignment Element > Element > Assignment
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Correct Answer: D
QUESTION 12
Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls
in
Project Portfolio Management. (Choose two.)
A.
B.
C.
D.
E.
project
expenditure item
project classification
project plan type
resource
Correct Answer: A,E
Explanation/Reference:
Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937
QUESTION 13
Which two privileges are assigned to the Project Plan Management duty in Security Reference
Implementation? (Choose two.)
A.
B.
C.
D.
Manage Project Plan Resource Assignment
Transfer Project
View Project Progress
Allocate Project Expense
Correct Answer: A,C
Explanation/Reference:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfoliomanagement/19a/oapjm/index.html#_Toc468200732_1_12
Topic – Privileges - This table lists privileges granted to duties of the abstract role Project
Management Duty.
Granted Role - Project Plan Management
Privilege – only A and C are listed
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