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  1. Home
  2. Oracle Certification
  3. 1z0-1057-22 Exam
  4. Oracle.1z0-1057-22.v2023-09-25.q68 Dumps
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Question 6

Which two are the workflows in Project Financial Management? (Choose two.)

Correct Answer: B,C
The workflows in Project Financial Management are business processes that automate the approval and notification tasks for various project transactions and events. Two of the workflows in Project Financial Management are:
Project Status Change: This workflow manages the approval and notification tasks for changing the status of a project or task from one value to another. For example, when a project or task is submitted for approval, this workflow routes the request to the appropriate approvers and notifies them of the action required.
Expenditure Item Adjustment: This workflow manages the approval and notification tasks for adjusting expenditure items that have been charged to a project or task. For example, when an expenditure item is adjusted by a project manager or a cost accountant, this workflow routes the adjustment to the appropriate approvers and notifies them of the action required. Capital Interest Calculation, Burden Cost Recalculation, and Asset Line Generation are not workflows in Project Financial Management, but processes that perform various calculations and transactions for project costs and assets. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-financial-management.html#OAPFM2356161
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Question 7

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.)

Correct Answer: A,C
When an invoice is entered with an invoice date in the open project accounting and closed accounting periods, the accounting date is the same as the original invoice date, but the project accounting date is the first day of the first open project accounting period. This ensures that the invoice is accounted in the correct accounting period and recognized in the correct project accounting period. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2355911
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Question 8

Which three features are part of Oracle Fusion Functional Setup Manager?

Correct Answer: A,B,C
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications-cloud-using-functional-setup-manager.pdf Functional Setup Manager offers the following:
* Standardized application configuration and setup experience
* Feature opt-in for a best fit configuration
* Flexible processes for managing setup:
* Setup by functional areas for an adopt-as-you-go approach
* Implementation projects to manage setup
* Upload file to enter setup data in bulk
* Guided task list for end-to-end setup requirements
* Export and import services for setup data migration between environments
* Comprehensive reporting on setup data
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Question 9

Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

Correct Answer: B,C,E
Reference https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm
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Question 10

Select two correct statements about project classifications on a template. (Choose two.)

Correct Answer: C,D
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961
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