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1Z1-1057 PDF DEMO:

QUESTION NO: 1
Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement.
(Choose the best answer.)
A. Spread Evenly
B. Current Cost
C. Actual Unit
D. Estimated Cost
E. Standard Unit Cost
Answer: B
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project- foundation-configuration Topic - Asset Cost Allocation Methods: Explained The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type.
You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level.
The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly
Equal allocation of cost to each asset

QUESTION NO: 2
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. common costs on the project/task
B. expenditure items whose cost spreads across multiple assets that are capitalized
C. expenditure type exclusions on the Capitalized Interest rate name
D. expenditure items whose costs are applied to a single asset or multiple assets
E. expenditure type exclusions on the Capitalized Interest rate schedules
Answer: D
Explanation
Reference
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm

QUESTION NO: 3
Your customer has separate organizations to maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (
A. Project Accounting Business Function
B. Business Unit
C. Project Type
D. Organization Tree
E. Project Organization Classification
Answer: D,E
Explanation
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

QUESTION NO: 4
You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)
A. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
B. Unaccounted transactions have not been swept to the next period.
C. The corresponding Oracle Payables Cloud accounting period has not been closed.
D. Pending burden summarization items have not been processed.
E. Unaccounted transactions are not imported.
Answer: A,B
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record- accounting-for-project-bil Topic - Accounting Period and Project Accounting Period Closing: How
Validation Works

QUESTION NO: 5
Which five steps are required for the File-Based Data Import Integration option?
A. Import data into various applications.
B. Populate the spreadsheet with data and generate a CSV file.
C. Download an Excel template.
D. Upload the file to the server.
E. Run Process to transfer data to interface tables.
F. Install an Excel add-in.
Answer: B,C,D,E,F
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-
management/19b/oefpp/overview.html#External_Data_In

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Updated: May 28, 2022