Top Quality 1z0-1008 Exam Questions and Answers 2021

NEW QUESTION 1
You are trying to create a project purchase order (PO) but you are unable to select Expenditure
Organization in the PO. Identify two reasons for this problem. (Choose two.)

• A. The organization is not classified as a project-owning organization.
• B. The organization is not classified as a project expenditure organization.
• C. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
• D. The organization is classified as a project unit.

Answer: BC

NEW QUESTION 2
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

• A. Manage Project Unit Organizations
• B. Mange Business Unit
• C. Manage Project Organization Classifications
• D. Mange Project Types
• E. Manage Project Unit Options

Answer: BCD

Explanation: Reference:
https://docs.oracle.com/cd/E60665_01/projectcs_gs/OAPFM/F1125343AN100B5.htm

NEW QUESTION 3
Which two statements are true about a project in “Draft” status? (Choose two.)

• A. Project managers can view draft projects on the Project Manager Dashboard and use the projectsfor requirements planning.
• B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
• C. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work work area.
• D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work work area.

Answer: AD

NEW QUESTION 4
You want to export your project plan to Oracle Project Financial Management Cloud after initial
scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks. (Choose three.)

• A. only one labor resource assignment with 100 effort
• B. lowest-level tasks set up with non-zero duration
• C. lowest-level tasks set up with zero duration
• D. only one labor resource assignment with 0 effort
• E. percent work complete values of 0 or 100 percent

Answer: CDE

NEW QUESTION 5
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

• A. If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
• B. If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
• C. If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.
• D. If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

Answer: B

NEW QUESTION 6
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 7
You are trying to create a custom infolet, but are not able to find the "Create Infolet" option in the
Infolet repository window. Which two steps should be completed before you can access the "Create Infolet" option?

• A. You must activate Page Composer.
• B. You should be on the Project Custom Objects page.
• C. You must be in an active sandbox.
• D. You should enable the "Create Infolet" option from the Personalize Springboard page.

Answer: D

NEW QUESTION 8
Your organization has been awarded a new contract based on which you are allowed to sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

• A. Create two contract lines with a line type each of “free-form, project-based buy agreement” and “bundle sell, project-based”.
• B. Create two contract lines with a line type each of “sell intent, free-form, project-based” and “sell intent, item, project-based”.
• C. Create two contract lines with a line type each of “product, project-based, sell agreement, standalone” and “sell intent, item, project-based”.
• D. Create two contract lines with a line type each of “sell intent, item, project-based’ and “subscription, project-based, sell”.

Answer: B

NEW QUESTION 9
Which three file-based data imports are available for use in Oracle Project Portfolio Management
Cloud?

• A. Project Budgets
• B. Project Tasks
• C. Project Billing Events
• D. Project Templates

Answer: BCD

NEW QUESTION 10
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 11
Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management. (Choose two.)

• A. project
• B. expenditure item
• C. project classification
• D. project plan type
• E. resource

Answer: AE

Explanation: Reference:
https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937

NEW QUESTION 12
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 13
Which application generates external roles to grant both function and data security? (Choose the
best answer.)

• A. Authorization Policy Manager
• B. Oracle Identity Manager
• C. Business Process Manager
• D. Functional Setup Manager

Answer: B

Explanation: Reference:
https://docs.oracle.com/cd/E60665_01/common/FASER/FASER1349817.htm#FASER1722625

NEW QUESTION 14
Your company uses an accounting calendar with periods that are identical to calendar months. A
contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

• A. Daily Spread Basis
• B. Back Loaded
• C. Bell Curve
• D. S-Curve
• E. Even

Answer: D

NEW QUESTION 15
Which setup option is common to both financial and project plan types?

• A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
• B. Enable the entry of plan amounts in currencies other than the project currency.
• C. Identify whether the plan type is the default selection when you create budget or forecast versions.
• D. Enable the use of a workflow for managing budget or forecasting status changes.

Answer: A

NEW QUESTION 16
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 17
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 Unearned Revenue 40,000Cr Accounts Receivables 40,000
• B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
• C. Dr Accounts Receivables 40,000Cr Revenue 40,000
• D. Dr Unearned Revenue 40,000Cr Revenue 40,000

Answer: C

NEW QUESTION 18
Your organization has been using project class categories and codes for reporting purposes and is set
up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

• A. Class codes should be associated with a related set code.
• B. Class categories should be assigned to business unit.
• C. Class categories should be assigned to project type.
• D. Class codes should be assigned to project unit.

Answer: CD