Online Access Free 1Z1-1057 Practice Test

Your customer has 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 will be populated in such invoices? (Choose two.)

• A.Project accounting date is the first day of the first open project accounting period.
• B.Accounting date is the first day of the first open accounting period.
• C.Accounting date is the same as the original invoice date.
• D.Project accounting date is the last day of the open project accounting period.
• E.Project accounting date is the same as the original invoice date.

Your business user has created a purchase order (PO) that has the following attributes:
Accrue at Receipt = Yes
Matching Option = 2 way
Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the "Import and Process Cost transactions" ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as "Oracle Payables". The user notices that there is no cost transferred to the projects. Identify two reasons for this problem. (Choose two.)

• A.When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.
• B.When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.
• C.When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.
• D.When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.

You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: "The search for resources cannot be completed because the project resource search index is not available. Contact your help desk." Identify the cause for this error message. (Choose the best answer.)

• A.The index is in the process of being updated.
• B.The index has been built.
• C.The index is not in the process.
• D.The most recent update of the index finished successfully.

Which two statements are true about the cross-charge method, Borrowed and Lent?

• A.You must set up the contract business unit to use this method.
• B.Costs or revenue are shared based on transfer price rules with this method.
• C.This method creates a formal internal invoice.
• D.This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

You have four resources in your organization: P, Q, R, and S.
Resource P - Project or resource calendar is active.
Resource Q - Project resource request dates are within the project or resource calendar effective dates.
Resource R - Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S - Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

• A.P
• B.R
• C.S
• D.Q