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1Z1-1008 PDF DEMO:

QUESTION NO: 1
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 Accounts Receivables 40,000Cr Unbilled Receivables 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 Revenue 40,000
Answer: A

QUESTION NO: 2
Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations.Identify two valid rules based on which cost association works. (Choose two.)
A. If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.
B. If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
C. If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with thelowest number at the lowest level.
D. If a transaction maps to more than one level, Oracle PPM Cloud sums the precedence numbers for all resource type in thebranch andgives precedence to the resource element in the branch with the highest sum.
Answer: A,C
Explanation
Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22598/F458900AN13D82.htm
How Resource Mapping Is Calculated You can track the cost impact of every resource that has been assigned to a project task and use the resource breakdown structure to view the breakdown of these costs. Oracle Fusion Projects associates the costs of the resources used for tasks with branches and levels in the resource breakdown structure. The process for determining the correct association is managed by rules of precedence.
Oracle Fusion Projects uses the followingrules to associate cost amounts with resources:
* Select thelowest levelin the resource breakdown structure to which atransaction can map.
* If there is only one level to which the transaction maps, the cost amounts are mapped to that level.
* If the transaction maps to more than one level, Oracle Fusion Projects sums the precedence numbers for all resource types in the branch and gives precedence to the resource element in thebranch with the lowest sum.
* If more than one branch has the lowest precedence number at the lower level, the application uses the precedence number of thenext level up.
* If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with the lowest number at the lowest level.
* If one branch contains a user-defined resource type, precedence is given to the branch thatdoes not contain a user-defined resource type.
NoteOracle Fusion Projects gives more precedence to a lower precedence number. For example, a resource element with a precedence number of 1 is given precedence over a resource element with a precedence number of 10.

QUESTION NO: 3
Whichthreeare part of using the Rapid Implementation for Project Financial Management
Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?
A. Upload setup data.
B. Generate CSV files.
C. Import Projects.
D. Prepare setup data.
E. File Import and Export.
Answer: A,B,D
Explanation
https://docs.oracle.com/applications/farel12/projectop_gs/OAPFM/OAPFM2264569.htm#OAPFM21
59921
Configuring Rapid Implementation: Procedure Project application administrators can use the rapid implementation feature to set up the Project Financial Management offering. Use the Rapid
Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data and generate the ProjectsWorkbook.zip.
Upload this .zip file to the Setup and Maintenance work area. When the upload completes, the offering is configured based on the setup information that you provide.
Perform the following steps to configure rapid implementation for the Project Financial Management offering:
* Prepare setup data.
* Generate CSV files.
* Upload setup data.
* Correct errors, if any, and reload the data.

QUESTION NO: 4
Whichtwoattributes are available while enabling a task as a business object for social networking?
A. Creation Date
B. Project
C. Task Number
D. Project Number
E. Task
Answer: C,D

QUESTION NO: 5
Identify two attributes for which you can enter budgets that will be considered for Budgetary
Controls in Project Portfolio Management. (Choose two.)
A. project plan type
B. project classification
C. resource
D. expenditure item
E. project
Answer: C,E
Explanation
Reference:
https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937

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Updated: May 28, 2022