Online 1Z0-1057-25 Practice Test

Question 1

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

Options :

A : Project Contract-based costing

B : Project Contract-based billing

C : Project Contract Collection Center

D : Contract Team Connect

Answer: B

Question 2

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

Options :

A : Position

B : Dynamic

C : Static

D : Flexfield

E : Job

Answer: C

Question 3

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.)

Options :

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

Question 4

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:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

Options :

A :

Dr Deferred Revenue 10000

Cr Unbilled Receivables 10000

B :

Dr Accounts Receivables 10000

Cr Unbilled Receivables 10000

C :

Dr Unbilled Receivables 10000

Cr Accounts Receivables 10000

D :

Dr Accounts Receivables 10000

Cr Revenue 10000

Answer: C

Question 5

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.

An HCM person is included in a condition with a process order value of 1 and, additionally, there are three

other conditions, all with a process order value of 10. Identify two correct statements about the Maintain

Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

Options :

A : The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

B : For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

C : For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

D : The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: B,D

EXPERTY DESIGNED 1Z0-1057-25 PRACTICE TEST