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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

A. Deploying
B. Planning
C. Setting Up
D. Opting In
E. Maintaining

Answer: C

Explanation:
The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356111

NEW QUESTION # 55
You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?

A. Define One Business Unit and Three Project Units
B. Define Two Business Units and One Project Unit
C. Define Two Business Units and Two Project Units
D. Define One Business Unit and Two Project Units

Answer: D

Explanation:
The recommendation for this scenario is to define one business unit and two project units. A business unit is an organization that performs one or many business functions such as transaction processing or reporting. A project unit is an organization that manages projects within a business unit or across multiple business units. By defining one business unit and two project units, you can meet the following requirements of the client organization:
The management reporting and transaction processing requirements are the same for both the organizations: This can be achieved by using the same business unit for both the organizations, as the business unit determines the common setups such as ledger, currency, calendar, etc. for transaction processing and reporting.
The project planning, management, analysis and reporting requirements are different for each organization: This can be achieved by using different project units for each organization, as the project unit determines the specific setups such as project types, templates, options, etc. for project planning, management, analysis and reporting. Defining two business units and two project units is not recommended for this scenario, as this would create unnecessary duplication of setups for transaction processing

NEW QUESTION # 56
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. Pending Approval > Pending Acceptance > Active
C. Pending Acceptance > Pending Approval > Active
D. On Hold > Pending Approval > Active

Answer: B

Explanation:
Reference https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm Topic - Contract Actions and Status Changes: Explained

NEW QUESTION # 57
Which application generates external roles to grant both function and data security? (Choose the best answer.)

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

Answer: D

Explanation:
Authorization Policy Manager (APM)
APM greatly simplifies the creation, configuration, and administration of application policies APM does not support the management of users and external roles; these artifacts can only be viewed with the tool. Their provision and management is typically accomplished using Oracle Identity Manager Oracle Identity Manager (OIM) In regard to enterprise users and external roles, Authorization Policy Manager provides viewing and searching functionality only. To manage users and external roles, use Oracle Identity Manager or some other identity management tool.
OIM provision users, roles, and defines what a user can do in Oracle Cloud Duty Roles are mapped to jobs and assigned access privileges (Data Security)

NEW QUESTION # 58
Which two statements are true about the borrowed and lent cross charge method?

A. Internal Invoice is not generated with this method.
B. You must set up a contract business unit to use this method.
C. This method allows you to process cross charge transactions across legal entities.
D. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations

Answer: A

Explanation:
The borrowed and lent cross charge method is a method that allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger. This method does not generate internal invoices or intercompany accounting entries for cross charge transactions. Instead, this method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations using borrowed and lent accounts. Two statements that are true about this method are:
Internal Invoice is not generated with this method. This method does not create internal invoices for cross charge transactions, as these transactions are accounted within the same primary ledger using borrowed and lent accounts.
This method allows you to process cross charge transactions across legal entities. This method allows you to process cross charge transactions between provider and receiver organizations that belong to different legal entities within the same primary ledger, as long as they share the same chart of accounts, calendar, currency, and subledger accounting method.

NEW QUESTION # 59
......

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Alan Wright Alan Wright

Biography

Quiz 2025 Oracle 1Z0-1057-23–Reliable Exam Dumps Provider

Get the Actual Oracle 1Z0-1057-23 Dumps to Reduce Exam Anxiety

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q54-Q59):

Oracle 1Z0-1057-23 Pre-Exam Practice Tests | PrepAwayTest

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Alan Wright Alan Wright

Biography

Quiz 2025 Oracle 1Z0-1057-23–Reliable Exam Dumps Provider

Get the Actual Oracle 1Z0-1057-23 Dumps to Reduce Exam Anxiety

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q54-Q59):

Oracle 1Z0-1057-23 Pre-Exam Practice Tests | PrepAwayTest

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