Oracle 1Z0-1057-23 Exam Questions & Answers

Correct Answer: B

When you reclassify the billing offset balances in the first period, the accounting entry is:

Dr Accounts Receivables 10000-Cr Unbilled Receivables 10000 This entry reduces the unbilled receivables balance and increases the accounts receivables balance by the invoice amount. This is because the invoice has been created and

sent to the customer, and the billing offset account is no longer needed. Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-invoices.html#OAPFM2356091

Correct Answer: A

Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 ?Define Project Organizations Topic-Set Assignments and Project Data ?How They Work Together (Page 29) Business Unit as Set Determinant Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit. Business unit is a set determinant for the project-related reference data objects described in the following table. Ref Data Object Entities

Project Accounting Definition Project Types Project Rates Project rate schedules

Project Unit as Set Determinant Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table. Ref Data Object Entities

Project Definition Class codes, financial plan types, project plan types and project roles Project Transaction Types Expenditure types and work types You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities

Correct Answer: AC

Ref: https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.html#OAEXT1640891