Oracle 1z0-1008 Free Practice Questions

NEW QUESTION 1
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 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 type exclusions on the Capitalized Interest rate name
• C. expenditure type exclusions on the Capitalized Interest rate schedules
• D. expenditure items whose cost spreads across multiple assets that are capitalized
• E. expenditure items whose costs are applied to a single asset or multiple assets

Answer: E

Explanation:
Reference:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832

NEW QUESTION 3
Identify three correct statements about project types. (Choose three.)

• A. Project type can be used as a source in subledger accounting.
• B. Project type can be enabled for both billing and capitalization.
• C. Summarization options can be specified at project type.
• D. Classifications can be assigned at project type.
• E. Project type can be associated with multiple project units.

Answer: BCE

NEW QUESTION 4
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles: 0-4-10-11-14-13-10-4-0-0.
Identify two ways to handle this kind of a spread on their budgets and forecasts. (Choose two.)

• A. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
• B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
• C. Use the predefined Bell Curve spread with small deviations on the spread points.
• D. Use the predefined S-Curve spread with small deviations on the spread points.

Answer: BC

NEW QUESTION 5
You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

• A. On Hold > Pending Acceptance > Active
• B. On Hold > Pending Approval > Active
• C. Pending Approval > Pending Acceptance > Active
• D. Pending Acceptance > Pending Approval > Active

Answer: C

Explanation:
Reference:
https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm

NEW QUESTION 6
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 7
After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

• A. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
• B. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
• C. A scope value is used to assign users who can perform a task within an implementation project.
• D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.

Answer: AD

Explanation:
Reference:
https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426

NEW QUESTION 8
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 9
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud.
(Choose the best answer.)

• A. Position
• B. Dynamic
• C. Static
• D. Flexfield
• E. Job

Answer: D

NEW QUESTION 10
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 to define deliverables for your project requirements that 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. A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.
• B. The association of a deliverable with a task is dependent on associating a requirement with a task.
• C. A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.
• D. You associate a deliverable with a task independent of associating a requirement with a task.

Answer: BD

NEW QUESTION 11
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 12
Which two statements describe how the Resource Qualification Score is calculated?

• A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
• B. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified and the resource has the qualification.
• C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
• D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.

Answer: CD

NEW QUESTION 13
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

• A. work type
• B. event type
• C. cost type
• D. expenditure type

Answer: A

Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277
(what’s a work type?)

NEW QUESTION 14
When implementing Project Performance Reporting, your customer has the following requirements:
* Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
* As long as a project cost is less than the threshold, the project should be shown as on-track. Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

• A. multiple threshold levels
• B. single threshold level value
• C. single threshold level range
• D. multiple threshold level value

Answer: B

NEW QUESTION 15
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. (Choose two.)

• A. Project Type
• B. Business Unit
• C. Project Organization Classification
• D. Organization Tree
• E. Project Accounting Business Function

Answer: CD

Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

NEW QUESTION 16
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 17
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

• A. Create a revenue method with a revenue method classification of Amount Based.
• B. Create a revenue method with a revenue method classification of Rate Based.
• C. Create a revenue method classification with a revenue method of Percent Spent.
• D. Create a revenue method classification with a revenue method of Percent Complete.

Answer: B

NEW QUESTION 18
Which application generates external roles to grant both function and data security? (Choose the
best answer.)

• A. Authorization Policy Manager
• B. Oracle Identity Manager
• C. Business Process Manager
• D. Functional Setup Manager

Answer: B

Explanation:
Reference:
https://docs.oracle.com/cd/E60665_01/common/FASER/FASER1349817.htm#FASER1722625

NEW QUESTION 19
Your customer wants a team member who is assigned to a project to be able to create and submit a
forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

• A. Project Manager
• B. Project Administrator
• C. Project Application Administrator
• D. Project Accountant

Answer: A

NEW QUESTION 20
Your customer has a requirement to import and process third-party transactions that are “costed” and “accounted”.
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

• A. Import Options
• B. Document Options
• C. Transaction Source Options
• D. Document Entry Options

Answer: C

Explanation:
Reference:
https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm

NEW QUESTION 21
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 22
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