Online Access Free 1Z1-1057 Practice Test

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

• A.800
• B.600
• C.900
• D.1000

Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

• A.PA Calendar
• B.PA-GL Periods
• C.Calendar Types
• D.Project Accounting Periods
• E.Accounting Periods

You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

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

Which three are part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

• A.Upload setup data.
• B.Import Projects.
• C.File Import and Export.
• D.Prepare setup data.
• E.Generate CSV files.

You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

• A.There is no expenditure type information available on the distribution set line.
• B.The account code combination is not available on the distribution set line.
• C.There is no expenditure item date information available on the distribution set line.
• D.There is no expenditure organization information available on the distribution set line.