Real 1z0-1008 Free Practice Questions 2021

NEW QUESTION 1
Which three are part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

• A. Prepare setup data.
• B. Import Projects.
• C. Generate CSV files.
• D. Upload setup data.
• E. File Import and Export.

Answer: ACD

Explanation: https://docs.oracle.com/applications/farel12/projectop_gs/OAPFM/OAPFM2264569.htm#OAPFM21 59921

NEW QUESTION 2
You have a billable project for which the following details are provided:
Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000 Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)

• A. USD 184
• B. USD 120
• C. USD 134
• D. USD 70

Answer: C

NEW QUESTION 3
Your organization has created an Enterprise Project Structure (EPS) and your executives review the overall project labor demand by using the EPS. Identify two correct statements about the periodic project labor demand. (Choose two.)

• A. Labor Demand FTE is calculated as Quaterly Allocation hours divided by Quarterly FTE hours, if a quarter is used as the basis for viewing labor demand.
• B. Labor Demand FTE is calculated as Yearly Allocation hours divided by Yearly FTE hours, if a year is used as the basis for viewing labor demand.
• C. Labor Demand FTE is calculated as Project Allocation hours divided by Project FTE hours, if project duration is used as the basis for viewing labor demand.
• D. Labor Demand FTE is calculated as Monthly Allocation hours divided by Monhly FTE hours, if a period is used as the basis for viewing labor demand.

Answer: AC

Explanation: Reference:
https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPEM/OAPEM1461017.htm#OAPEM1313472

NEW QUESTION 4
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 5
Which two attributes are available while enabling a task as a business object for social networking?

• A. Task
• B. Project Number
• C. Task Number
• D. Creation Date
• E. Project

Answer: BC

NEW QUESTION 6
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

• A. Departments
• B. Expenditure Types
• C. Project Templates
• D. Project Types

Answer: ABD

NEW QUESTION 7
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.)

• 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: AB

Explanation: Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEX/OAPEX1082603.htm#OAPEX1082584

NEW QUESTION 8
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 9
You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm
rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month.
Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

• A. Allocate rental costs once each accounting period by using the “full” allocation method.
• B. Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
• C. Define allocation basis by using Actual Amounts with a project-to-date amount class.
• D. Define allocation basis by using Actual Amounts with a period-to-date amount class.
• E. Allocate rental costs once each accounting period by using the “spread evenly” allocation method.

Answer: ADE

NEW QUESTION 10
You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X – Task 10, and Bill Plan B is allocated against Project Y – Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

• A. Both the contract lines create only a single invoice because they are using the same contract.
• B. Two invoices are created using the same contract.
• C. Bill set number drives the grouping of transactions.
• D. Invoice generation does not depend on bill pla
• E. The invoices are created based on the contract line.

Answer: BD

NEW QUESTION 11
Your customer started operations and all projects in January 2015. They implemented Enterprise
Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2021.
Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)

• A. The current period start date is used for calculating labor demand for the current year.
• B. The current date is used for calculating labor demand for the current year.
• C. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
• D. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan- 2015, and hence the calculations show results for the year 2015.

Answer: D

NEW QUESTION 12
Your customer accounts revenue based on product class category. Because all your customer's
projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category “Funding Source”, and assign it to all projects. However, you notice that the accounting is still happening based on product class category.
Identify the reason for this problem. (Choose the best answer.)

• A. Funding source class category is assigned to all project types.
• B. Funding source class category is not enabled for “available as accounting source”.
• C. Product class category is not enabled for “available as accounting source”.
• D. Funding source class category is enabled for “available as accounting source”.

Answer: C

NEW QUESTION 13
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 14
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

• A. Enter progress for tasks.
• B. Receive email notifications about changes that team members make to a task.
• C. View task details and the task activity stream.
• D. Edit task details.

Answer: BC

Explanation: Reference:
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49889/F1122098AN1340E.htm

NEW QUESTION 15
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 16
You configure one OTBI using Project Cross Subject Area Analysis Real Time. You notice that all
measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To- Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

• A. The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
• B. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
• C. The Contract and Contract Line dimensions apply only to Invoice measures.
• D. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
• E. The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

Answer: B

NEW QUESTION 17
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

• A. Pool Membership
• B. attributes that the project enterprise resources are assigned after creation
• C. Jobs
• D. Person Type

Answer: B

Explanation: Reference:
https://docs.oracle.com/cloud/farel8/projectcs_gs/OAPEX/F1082603AN23E61.htm

NEW QUESTION 18
Which product offering enables non-exclusive relationships between multiple projects and tasks with
contracts and contract lines? (Choose the best answer.)

• A. Project Contract-based costing
• B. Project Contract-based billing
• C. Project Contract Collection Center
• D. Contract Team Connect

Answer: B

Explanation: Reference:
http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief- 173079.pdf (p.2)