1Z0-1057-26 sample questions

Question 1

A project accountant defines a nonlabor rate schedule to bill specialized surveying equipment. The rate schedule includes multiple rate lines for the expenditure type "Equipment". When costing transactions for surveying equipment, in what sequence does the rate determination engine search for matching rates?

Accepted Answer

Organization-level nonlabor resource rate first, then generic nonlabor resource rate, and finally expenditure type rate.

Answer

Business unit rate first, then expenditure type rate, and finally project organization rate.

Answer

Expenditure type rate first, then generic nonlabor resource rate, and finally organization-level nonlabor resource rate.

Answer

Generic nonlabor resource rate first, then organization-level nonlabor resource rate, and finally resource class rate.

Question 2

When creating a Job rate schedule in Oracle Fusion Cloud Project Management, the unit of measure is automatically set and locked to _____ because job rates are defined on an hourly basis.

Accepted Answer

Hours

Answer

Currency

Answer

Days

Answer

Each

Question 3

A project uses a Precedence burden structure where the cost base "Direct Labor" includes cost codes Fringe (Precedence 1, multiplier 0.20) and Overhead (Precedence 2, multiplier 0.10). A raw labor expenditure item with an amount of $1,000 is processed. What is the total burdened cost for this transaction?

Accepted Answer

$1,320

Answer

$1,120

Answer

$1,220

Answer

$1,300

Question 4

A project accountant notices that raw cost expenditure items with the expenditure type "Client Meals" have a burdened cost equal to their raw cost, even though the project type is enabled for burdening and an active burden schedule is assigned to the project. What is the root cause of this behavior?

Accepted Answer

The expenditure type "Client Meals" is not assigned to any cost base in the project's burden structure.

Answer

Oracle Project Costing prohibits burdening on any transaction classified under the Nonlabor expenditure type class.

Answer

The expenditure type "Client Meals" has a mandatory negative multiplier defined on the burden schedule.

Answer

The Subledger Accounting rule for burdening rejected the item due to a missing project credit account.

Question 5

A project accountant runs the Generate Capitalized Interest process for long-term construction projects in a business unit where the capitalized interest threshold requires a minimum of $250,000 in open Construction-in-Progress (CIP) costs and at least 60 project days. For which transaction or project will capitalized interest be successfully calculated?

Accepted Answer

A capital project open for 95 days with $400,000 in uncapitalized CIP costs that are not listed under Excluded Expenditure Types and have no asset lines generated.

Answer

An indirect project active for 120 days that has accumulated $300,000 in administrative overhead expenses.

Answer

A capital project open for 150 days with $500,000 in costs where all expenditure items have already had asset lines generated and transferred to Oracle Assets.

Answer

A capital project open for 45 days that has incurred $600,000 in eligible construction raw costs.

Question 6

After running the Generate Capitalized Interest process, the project accountant navigates to the Manage Capitalized Interest page. The calculated batches show a status of "Draft success". Which action must the project accountant take to create the actual capitalized interest expenditure items on the projects?

Accepted Answer

Select the draft records and click the Release button.

Answer

Click the Submit for Approval button to route the draft batch to the project manager.

Answer

Run the Create Accounting process in Final mode for the Project Costing subledger.

Answer

Execute the Generate Asset Lines process for the capital project.

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Free 1Z0-1057-26 sample questions

When creating a Job rate schedule in Oracle Fusion Cloud Project Management, the unit of measure is automatically set and locked to _____ because job rates are defined on an hourly basis.

A project accountant notices that raw cost expenditure items with the expenditure type "Client Meals" have a burdened cost equal to their raw cost, even though the project type is enabled for burdening and an active burden schedule is assigned to the project. What is the root cause of this behavior?

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