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1Z0-1057-22 Exam Questions & Answers

Vendor: Oracle

Certifications: Project Financials Management Cloud

Exam Code: 1Z0-1057-22

Exam Name: Oracle Project Management Cloud 2022 Implementation Professional

Updated: Jan 26, 2023

Q&As: 91

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1Z0-1057-22 Online Practice Questions and Answers

Questions 1

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

Show Answer

Correct Answer: D

Reference https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define- enterprise-structures.html#FACIA462453 Reference Data Sharing Methods Variations exist in the methods used to share data in reference data sets across different types of objects. The following list identifies the methods: Assignment to one set only, no common values allowed. This method is the simplest form of sharing reference data that allows assigning a reference data object instance to one and only one set. For example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set can be shared across multiple asset books, but all the values are contained only in this one set. Assignment to one set only, with common values. This method is the most commonly used method of sharing reference data that allows defining reference data object instance across all sets. For example, Receivables Transaction Types are assigned to a common set that is available to all the business units. You need not explicitly assign the transaction types to each business unit. In addition, you can assign a business unit-specific set of transaction types. At transaction entry, the list of values for transaction types includes the following: Transaction types from the set assigned to the business unit. Transaction types assigned to the common set that is shared across all business units. Assignment to multiple sets, no common values allowed. The method of sharing reference data that allows a reference data object instance to be assigned to multiple sets. For instance, Payables Payment Terms use this method. It means that each payment term can be assigned to one or more than one set. For example, you assign the payment term Net 30 to several sets but assign Net 15 to a set specific only to your business unit. At transaction entry, the list of values for payment terms consists of only the set that is assigned to the transaction's business unit. Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any reference data that affects your entire enterprise in this set. Also update the data set going forward as you create new reference data items.

Questions 2

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.

Show Answer

Questions 3

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.

Which three are parameters that are based on which the system identifies the new resources?

A. Department

B. Project Unit

C. Jobs

D. Business Unit

E. Organization

Show Answer More Questions

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