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Oracle 1z0-1057-22 Exam Syllabus Topics:TopicDetailsTopic 1Configure and Manage Project Invoicing and Revenue Describe common project execution componentsTopic 2Configure Social Network for Project Execution Describe Functional Setup ManagerTopic 3Configure Project Cross Charging and Transfer Pricing Explain the components available for integrationTopic 4Use Application Composer for Project Execution Management Describe Navigation, User Experience and Personalization ConceptsTopic 5Describe the components of Oracle Project Management Cloud Set up Project Financial Management OrganizationsTopic 6Describe the Rapid Implementation Workbook Describe the business processes that are supported by approvals and workflows

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Oracle Project Management Cloud 2022 Implementation Professional Sample Questions (Q36-Q41):

NEW QUESTION # 36
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

A. Project Contract-based costingB. Project Contract Collection CenterC. Project Contract-based billingD. Contract Team Connect

Answer: C

Explanation:
Reference http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf (Page 2) Flexible Contract-Based Billing Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution. Oracle Fusion Project Portfolio Management provides a highly flexible approach to project contract-based billing via a non-exclusive relationship between multiple projects and tasks with contracts and contract lines. This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.


NEW QUESTION # 37
You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

A. Assign tasks to various users who are responsible for managing setup data.B. Monitor the progress of completing setup tasks.C. Select the offering you want to implement.D. Generate a list of setup tasks.E. Enable optional functional areas and features by opting in.

Answer: A,D


NEW QUESTION # 38
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. (Choose two.)

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

Answer: B,E

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for-project-billing.html#OAPJB340382 Topic - Accounting Period and Project Accounting Period Closing: How Validation Works


NEW QUESTION # 39
Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.
Where will you maintain the accounting period statuses if this option has been enabled?

A. Subledger AccountingB. Project CostingC. General LedgerD. Project Foundation

Answer: D


NEW QUESTION # 40
You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)

A. Project Executive - Security based on Project HierarchyB. Project Billing Specialist - Security based on Contract BUC. Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for RevenueD. Project Team Member - Security based on Project AssignmentE. Project Manager - Security based on Project Assignment

Answer: D,E

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867


NEW QUESTION # 41
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