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Oracle 1Z0-1057-23 Exam Syllabus Topics:

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

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

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

2. You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.
Which two are correct statements in this scenario?

A) The association of a deliverable with a task is dependent on associating a requirement with a task.
B) A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
C) A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
D) You associate a deliverable with a task independent of associating a requirement with a task.

3. Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS.
Identify two correct statements about the periodic project labor demand.
Response:

A) Labor Demand FTE is calculated as Quaterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
B) Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
C) Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
D) Labor Demand FTE is calculated as Monthly Allocation hours divided by Monthly FTE hours, if a period is used as the basis for viewing labor demand.

4. Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed.

A) Class categories should be assigned to project type.
B) Class codes should be associated with a related set code.
C) Class categories should be assigned to business unit.
D) Class codes should be assigned to project unit.

5. A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

A) Dr Deferred Revenue 10000 -
B) Dr Unbilled Receivables 10000 -
C) Dr Accounts Receivables 10000 -
D) Dr Accounts Receivables 10000 -

Solutions: