1z0-1057 Free Practice Test

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.)

1. A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
2. B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
3. C. Dr Accounts Receivables 40,000Cr Revenue 40,000
4. D. Dr Unearned Revenue 40,000Cr Revenue 40,000

Correct Answer: B

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. (Choose two.)

1. A. Labor Demand FTE is calculated as Quarterly Allocation hours divided by Quarterly FTE hours, if aquarter is used as the basis for viewing labor demand.
2. 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.
3. 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.
4. 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.

Correct Answer: AB
Reference https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472
Project Labor Demand: How It\'s Calculated
Project executives want to track the labor demand in projects in their organization. The Project Hierarchy Viewer provides project executives a hierarchical view of the enterprise project structure (EPS) along with the labor demand in terms of full-time equivalent (FTE).
Settings That Affect Project Labor Demand
Project application administrators must do the following to set up how project labor demand is calculated: < >>< > >Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.
How Project Labor Demand Is Calculated
The Project Hierarchy Viewer calculates project labor demand in the following manner:
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A project administrator is trying to assign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

1. A. The employee is not assigned to the project-owning organization.
2. B. The employee is not assigned with a supervisor.
3. C. Project roles are not assigned in the project.
4. D. The employee is not assigned to a department.

Correct Answer: D
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio
Why can\'t I find persons in the list of resources when I enter team members, planning resources, or person rate schedules?
You can\'t find persons in the list of resources when you enter team members, planning resources, or person rate schedules in the following situations:
< > >< > >< > >< >

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.)

1. A. The application role relevant to the China business unit is not assigned to the project accountant.
2. B. The project accountant is not assigned to the external role that grants access to the China business unit.
3. C. The US and UK business units are linked to different ledgers than the China business unit.
4. D. The China business unit is associated with a different legal entity than the US and UK business units.

Correct Answer: B

Your customer has the following setups on the project plan type that they are using for their projects: Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes Synchronize Task Transaction Dates with Planned Dates = No With these setups in place, you perform the following actions:
* 1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.
* 2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)

1. A. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
2. B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
3. C. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
4. D. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.

Correct Answer: C
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/manage-project-plan-tasks-and-ta