Free Access Oracle.1Z0-1057-21.v2022-01-29.q32 Practice Test (Page 6)

Question 21

Your customerhas different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates willbe populated in such invoices? (Choose two.)

A.Project accounting date is the first day of the first open project accountingperiod.

B.Project accounting date is the same as the original invoice date.

C.Accounting date is the first day of the first open accounting period.

D.Project accounting date is the last day of the open project accounting period.

E.Accounting date is the same as the original invoice date.

Question 22

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A.OnHold > Pending Acceptance > Active

B.On Hold > Pending Approval > Active

C.Pending Approval > Pending Acceptance > Active

D.Pending Acceptance > Pending Approval > Active

Question 23

Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displayslabor demand information. (Choose the best answer.)

A.The current period start date is used for calculating labor demand for the current year.

B.The current date is used for calculating labor demand for the current year.

C.The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

D.The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.

Question 24

Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A.Project Type

B.Business Unit

C.Project Organization Classification

D.Organization Tree

E.Project Accounting Business Function

Question 25

Youare implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-chargetransactions happen between business units within the same legal entity.Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choosetwo.)

A.Transfer price basis must beRaw Costand calculation method must beBasis Only.

B.Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.

C.A document entry such asstraight time must be enabledfor cross-charge transactions.

D.Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.

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Question 21

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Question 23

Question 24

Question 25

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