Online Access Free 1z0-1057-25 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.)

• A.Dr Accounts Receivables 40,000Cr Revenue 40,000
• B.Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
• C.Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
• D.Dr Unearned Revenue 40,000Cr Revenue 40,000

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

• A.Project Accounting Business Function
• B.Project Organization Classification
• C.Organization Tree
• D.Business Unit
• E.Project Type

After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

• A.A scope value is used to assign users who can perform a task within an implementation project.
• B.A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.
• C.Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
• D.Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.

As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter.
What is the reason for this problem?

• A.Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier cannot be reprocessed.
• B.All expenditure items charged to the task use the new burden schedule.
• C.You can enable automatic reprocessing of expenditure items processed before the burden schedule change.
• D.Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.

When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

• A.Hold
• B.New
• C.Posted
• D.Post