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Quiz 1Z0-1057-23 - Fantastic Test Oracle Project Management Cloud 2023 Implementation Professional Duration

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q52-Q57):

NEW QUESTION # 52
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

A. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
B. The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
C. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
D. The project sends only the invoice header to Receivables, not the invoice line description and distributions.

Answer: C

Explanation:
When a project invoice is transferred or created in Receivables, the project sends only the invoice header and invoice line description to Receivables, not the invoice distributions. The invoice distributions contain the detailed information such as quantity, unit price, and line total. Therefore, the Receivables invoice does not show these details, but only shows a quantity of 1 and a unit price equal to the line total. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2355931

NEW QUESTION # 53
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. You must set up a contract business unit to use this method.
C. This method allows you to process cross charge transactions across legal entities.
D. Internal Invoice is not generated with this method.

Answer: D

Explanation:
The borrowed and lent cross charge method is a method that allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger. This method does not generate internal invoices or intercompany accounting entries for cross charge transactions. Instead, this method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations using borrowed and lent accounts. Two statements that are true about this method are:
Internal Invoice is not generated with this method. This method does not create internal invoices for cross charge transactions, as these transactions are accounted within the same primary ledger using borrowed and lent accounts.
This method allows you to process cross charge transactions across legal entities. This method allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger, as long as they share the same chart of accounts, calendar, currency, and subledger accounting method.

NEW QUESTION # 54
Shift is one of the key elements in defining project and resource calendars.
Which two additional key elements are required to define the project and resource calendars?

A. Time off
B. Workday Patterns
C. Schedule Exceptions
D. Accounting Calendar
E. Expenditure Type

Answer: C

Explanation:
Shift is one of the key elements in defining project and resource calendars. Two additional key elements that are required to define the project and resource calendars are:
Schedule Exceptions: These are dates or periods that override the regular workday patterns and shifts of a calendar. They can be used to define holidays, vacations, or other special events that affect the availability of resources or projects.
Workday Patterns: These are patterns of working and nonworking days that repeat over a period of time. They can be used to define the standard working days and hours for a calendar. Time off, expenditure type, and accounting calendar are not key elements in defining project and resource calendars. Time off is an attribute of a resource assignment that reduces the availability of a resource. Expenditure type is a classification of costs that determines how they are processed and accounted. Accounting calendar is a calendar that defines the accounting periods and dates for transactions. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-resources.html#OAPFM2356131

NEW QUESTION # 55
Which application generates external roles to grant both function and data security? (Choose the best answer.)

A. Functional Setup Manager
B. Business Process Manager
C. Oracle Identity Manager
D. Authorization Policy Manager

Answer: C

Explanation:
Authorization Policy Manager (APM)
APM greatly simplifies the creation, configuration, and administration of application policies APM does not support the management of users and external roles; these artifacts can only be viewed with the tool. Their provision and management is typically accomplished using Oracle Identity Manager Oracle Identity Manager (OIM) In regard to enterprise users and external roles, Authorization Policy Manager provides viewing and searching functionality only. To manage users and external roles, use Oracle Identity Manager or some other identity management tool.
OIM provision users, roles, and defines what a user can do in Oracle Cloud Duty Roles are mapped to jobs and assigned access privileges (Data Security)

NEW QUESTION # 56
You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule.

A. Exceptions
B. Workday Patterns
C. Time Off
D. Accounting Calendar
E. Expenditure Type

Answer: A

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm Topic - Creating Calendars for Projects and Resources: Procedure Project Schedules are used as a base for project and resource calendars in Project Execution Management applications. The smallest scheduling unit is a day. For example, you can define the number of hours in a day but, you can,t schedule work for a specific time of the day.
The following are the elements of a schedule:
Shifts
Workday patterns
Exceptions

NEW QUESTION # 57
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