Online Access Free 1Z0-1057-21 Exam Questions

A consulting services company is currently working on a businesstransformation 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 theperiod, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

• A.Dr Accounts Receivables 40,000Cr Revenue 40,000
• B.Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
• C.Dr Unearned Revenue 40,000Cr Revenue 40,000
• D.Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

Whichthreeare true of what you can do in the Project Requirements work area?

• A.Create an execution project.
• B.Organizebacklogitems by requirements.
• C.Create an implementation project.
• D.Create project tasks forbacklogitems.
• E.Manage your list ofbacklogitems.

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 classcategories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

• A.Class codesshould beassociated
• B.Class codes should be assigned to project unit.
• C.Class categoriesshould beassignedtoproject type.
• D.Class categories should be assigned to business unit.

In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

• A.expenditure items whose costs are applied to a single asset or multiple assets
• B.common costs on the project/task
• C.expenditure items whose cost spreads across multiple assets that are capitalized
• D.expenditure type exclusions on the Capitalized Interest rate name
• E.expenditure type exclusions on the Capitalized Interest rate schedules

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Portfolio Management with tasks and subtasks applicable to each of the phases of the project:
Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want todefine deliverables for your project requirementsthat are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works. Identify the two correct statements in this respect. (Choose two.)

• A.The association of a deliverable with a task is dependent on associating a requirement with a task.
• B.A deliverable associated with a requirement is automatically associated with the tasks createdfor that requirement.
• C.Youassociate a deliverable with a task, independent of associating a requirement with a task.
• D.A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.