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Oracle 1Z0-1057-22 Exam Questions
- Topic 1: Configure Project Cross Charging and Transfer Pricing/ Explain the components available for integration
- Topic 2: Describe the components of Oracle Project Management Cloud/ Set up Project Financial Management Organizations
- Topic 3: Configure and Manage Key Performance Indicators for Project Performance Reporting/ Identify the roles delivered in a seeded security implementation
- Topic 4: Use Application Composer for Project Execution Management/ Describe Navigation, User Experience and Personalization Concepts
- Topic 5: Describe the Rapid Implementation Workbook/ Describe the business processes that are supported by approvals and workflows
- Topic 6: Navigation, User, Personalization and Approvals/ Describe the Applications Security Console
- Topic 7: Set up Project Calendars and Periods/ Set up approval and notification tasks/ Project Management Overview
- Topic 8: Configure Social Network for Project Execution/ Describe Functional Setup Manager
- Topic 9: Configure Project Cost Collection Center/ Explain capitalized interest calculations
- Topic 10: Configure and Manage Project Invoicing and Revenue/ Describe common project execution components
- Topic 11: Configure Project Resource Management/ Configure Project Performance Reporting
Free Oracle 1Z0-1057-22 Exam Actual Questions
Note: Premium Questions for 1Z0-1057-22 were last updated On 04-08-2023 (see below)
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
When you reclassify the billing offset balances in the first period, the accounting entry is:
Dr Accounts Receivables 10000 - Cr Unbilled Receivables 10000
This entry reduces the unbilled receivables balance and increases the accounts receivables balance by the invoice amount. This is because the invoice has been created and sent to the customer, and the billing offset account is no longer needed. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2356091
Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?
(Choose two.)
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
When you reclassify the billing offset balances in the first period, the accounting entry is:
Dr Accounts Receivables 10000 - Cr Unbilled Receivables 10000
This entry reduces the unbilled receivables balance and increases the accounts receivables balance by the invoice amount. This is because the invoice has been created and sent to the customer, and the billing offset account is no longer needed. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2356091
Green House Corporation has decided to enable the budgetary control feature for their projects. At which two levels will they be able to enter the amounts in the budget versions for these projects?
(Choose two.)
Your organization has a requirement to create and apply a new theme for the application user interface.
Which option allows you to achieve this requirement?
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