Verified 1z0-1008 Testing Bible 2021

NEW QUESTION 1
Identify the precedence order in which cost rates are determined for a planning resource when
deriving raw costs for rate-based planning resources. (Choose the best answer.)

• A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
• B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
• C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
• D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
• E. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

Answer: D

Explanation:
Reference:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3

NEW QUESTION 2
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. Accounting date is the same as the original invoice date.
• B. Project accounting date is the same as the original invoice date.
• C. Project accounting date is the first day of the first open project accounting period.
• D. Project accounting date is the last day of the open project accounting period.
• E. Accounting date is the first day of the first open accounting period.

Answer: CE

NEW QUESTION 3
Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)

• A. Accounting Method
• B. Journal Rules
• C. Supporting Reference: s
• D. Accounting Rule
• E. Mapping Sets

Answer: C

Explanation:
Reference:
https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357

NEW QUESTION 4
Which five steps are required for the File-Based Data Import Integration option?

• A. Run Process to transfer data to interface tables.
• B. Install an Excel add-in.
• C. Upload the file to the server.
• D. Download an Excel template.
• E. Populate the spreadsheet with data and generate a CSV file.
• F. Import data into various applications.

Answer: ABCDE

NEW QUESTION 5
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. Q
• C. R
• D. S

Answer: C

NEW QUESTION 6
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

• A. Create a revenue method with a revenue method classification of Amount Based.
• B. Create a revenue method with a revenue method classification of Rate Based.
• C. Create a revenue method classification with a revenue method of Percent Spent.
• D. Create a revenue method classification with a revenue method of Percent Complete.

Answer: B

NEW QUESTION 7
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud.
(Choose the best answer.)

• A. Position
• B. Dynamic
• C. Static
• D. Flexfield
• E. Job

Answer: D

NEW QUESTION 8
Using Oracle Time and Labor, your client wants to put in a validation process that allows only a
certain number of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)

• A. project time validation rules
• B. time calculation rules
• C. time entry rules
• D. time audit rules

Answer: C

NEW QUESTION 9
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)

• A. assignment to one set only with common values
• B. assignment to one set only; no common values allowed
• C. assignment to multiple sets; common values allowed
• D. assignment to multiple sets; no common values allowed

Answer: D

Explanation:
Reference:
https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125347.htm

NEW QUESTION 10
Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions. (Choose three.)

• A. Expenditure Type
• B. Projects
• C. Contract Line
• D. Contract Header
• E. Task

Answer: ACE

Explanation:
Reference:
https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm

NEW QUESTION 11
You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)

• A. Project Executive
• B. Project Accountant
• C. Project Manager
• D. Project Billing Specialist
• E. Project Team Member

Answer: BD

NEW QUESTION 12
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.
Identify the reason for this problem. (Choose the best answer.)

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

Answer: B

Explanation:
Reference:
https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071 482

NEW QUESTION 13
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for
Project Organization Security. (Choose two.)

• A. Project Manager Template for Project Organization Security
• B. Project Administrator Template for Project Organization Security
• C. Project Creator Template for Project Organization Security
• D. Project Accountant Template for Project Organization Security
• E. Project Billing Specialist Template for Project Organization Security

Answer: AD

Explanation:
Reference:
https://docs.oracle.com/cloud/latest/common/FASER/FASER2406048.htm#FASER2406048

NEW QUESTION 14
Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current
Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

• A. Effort
• B. Cost
• C. Manual Entry
• D. Remaining Plan

Answer: B

Explanation:
Reference:
https://ppm-help.saas.hpe.com/en/9.42/Help/Content/UG/PjMUG/view_pj_cost_data_costtab.htm

NEW QUESTION 15
A project administrator is trying to assign a team member for a project, but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

• A. The employee is not assigned to the project-owning organization.
• B. The employee is not assigned with a supervisor.
• C. Project roles are not assigned in the project.
• D. The employee is not assigned to a department.

Answer: C

NEW QUESTION 16
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

• A. billing events
• B. bill plan
• C. expenditure items
• D. billing controls
• E. invoice method

Answer: DE

NEW QUESTION 17
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. Calendar Types
• B. Project Accounting Periods
• C. Accounting Periods
• D. PA Calendar
• E. PA-GL Periods

Answer: BC

Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_87F467307D50416BE040D30A68816855

NEW QUESTION 18
You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)

• A. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
• B. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
• C. A document entry such as straight time must be enabled for cross-charge transactions.
• D. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.

Answer: BC

NEW QUESTION 19
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit.
Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

• A. The application role relevant to the China business unit is not assigned to the project accountant.
• B. The project accountant is not assigned to the external role that grants access to the China business unit.
• C. The US and UK business units are linked to different ledgers than the China business unit.
• D. The China business unit is associated with a different legal entity than the US and UK business units.

Answer: D

NEW QUESTION 20
Which three features are part of Oracle Fusion Functional Setup Manager?

• A. feature opt-in for a best fit configuration
• B. export and import services for setup data migration between environments
• C. guided task list for end-to-end setup requirements
• D. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
• E. modifying an existing implementation project task list by selecting more functional areas when needed

Answer: BCD

Explanation:
https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/oafsm/applications- cloud-using-functional-setup-manager.pdf

NEW QUESTION 21
Your customer has a requirement to import and process third-party transactions that are “costed” and “accounted”.
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

• A. Import Options
• B. Document Options
• C. Transaction Source Options
• D. Document Entry Options

Answer: C

Explanation:
Reference:
https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm

NEW QUESTION 22
You have defined two expenditure types but they are not available for selection when you enter an
expenditure batch. Identify the reason for this problem. (Choose the best answer.)

• A. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
• B. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
• C. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
• D. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

Answer: C

NEW QUESTION 23
Your customer wants a team member who is assigned to a project to be able to create and submit a
forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

• A. Project Manager
• B. Project Administrator
• C. Project Application Administrator
• D. Project Accountant

Answer: A

NEW QUESTION 24
Which three are true of what you can do in the Project Requirements work area?

• A. Create an implementation project.
• B. Organize backlog items by requirements.
• C. Create an execution project.
• D. Create project tasks for backlog items.
• E. Manage your list of backlog items.

Answer: BCD

NEW QUESTION 25
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