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Information about Oracle 1Z0-1057-20 Exam

Vendor: Oracle

Exam Code: 1Z0-1057-20

Exam Name: Oracle Project Portfolio Management Cloud 2020Implementation Essentials

Number of Questions: 91

Certification Name: Oracle Industries

Exam Language: English

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Question No. 1

A consulting services company is currently working on a business transformation project for yourclient, which spans multiple years. At the first period close, the consulting services company hasrecognized 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 correspondinginvoice accounting entry? (Choose the best answer.)

A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000C. Dr Accounts Receivables 40,000Cr Revenue 40,000D. Dr Unearned Revenue 40,000Cr Revenue 40,000

Answer: B

Question No. 2

You want to export your project plan to Oracle Project Financial Management Cloud after initialscheduling is complete in Microsoft Projects. Identify three conditions that must be met forexporting milestone tasks. (Choose three.)

A. only one labor resource assignment with 100 effortB. lowest-level tasks set up with non-zero durationC. lowest-level tasks set up with zero durationD. only one labor resource assignment with 0 effortE. percent work complete values of 0 or 100 percent Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define-project-management-configuration.html#OAPEX1357147 Topic - Microsoft Project Prevalidation:Explained The following table describes Prevalidation rules for tasks and resourceassignments. Level Rule Lowest-level tasks One labor and multiple expense resources areallowed for a lowest-level task. Remove other resources. Summary tasks Only one laborresource with zero allocation is allowed for a summary task. Remove all other resources.Milestone tasks No subtasks are allowed under milestone tasks. Milestones must be lowest-level tasks. Milestone tasks Milestone tasks must have zero duration. Milestone tasks Only onelabor resource, with zero effort, is allowed for a milestone task. Remove all other resources.When exporting milestone tasks, ensure that the tasks: Are lowest-levels task with zeroduration, that is, the same start and finish dates. Have only one labor resource assignmentwith zero effort. Have percent work complete values of 0 or 100 percent. Any other values areset to zero before export.

Answer: C, D, E

Question No. 3

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

A. Standard Unit CostB. Actual UnitC. Current CostD. Estimated CostE. Spread Evenly Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM220111 Topic -- Asset Cost AllocationMethods: Explained The asset cost allocation method determines how indirect or commoncosts incurred on a project are allocated to multiple assets. You can specify an asset costallocation method to enable Oracle Fusion Project Costing to automatically allocateunassigned asset lines and common costs across multiple assets. Unassigned asset linestypically occur when more than one asset is assigned to an asset grouping level. Projects andproject templates inherit a default asset cost allocation method from the associated projecttype. You can override the default at the project level. If you use capital events to allocatecosts, then you can also override the asset cost allocation method at the event level. Thefollowing table describes the available asset cost allocation methods. Method Basis of CostAllocation 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 UnitCost Combination of the standard unit cost and the number of units defined for each assetSpread Evenly Equal allocation of cost to each asset

Answer: C

Question No. 4

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

A. EffortB. CostC. Manual EntryD. Remaining Plan Referencehttps://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 Overviewpage.

Answer: B

Question No. 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.F. Import data into various applications. Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oefpp/overview.html#

External_Data_Integration_Services_for_Oracle_Cloud_Overview

Answer: A, B, C, D, E

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