Free Oracle 1Z0-1008 Exam Practice Questions & Explanations
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An implementation team is setting up reference data sharing for project-related setup data. The customer has three business units, and they want project roles and project statuses to be shared across all three, while some other setup data must remain business-unit specific.
Which statement about reference data sets in this configuration is correct?
Reference data sharing allows setup data such as project roles, project statuses, and project types to be assigned to reference data sets. Data in the Common Set is available to all business units/project units, while data in a specific set is available only to those units whose set assignment (per set determinant type) points to that set. Option B is wrong because project setup objects are set-enabled. Option C is wrong because set assignments are made per reference group, allowing different sharing per object. Option D contradicts the purpose of the Common Set.
During implementation, the consultant defines project units and needs to control the numbering of new projects. She states that a project unit can be shared across multiple business units, and that project number generation (manual or automatic) is defined as an attribute of the project unit implementation options.
Is this statement correct?
True. A project unit is an operational subset of an enterprise used to enforce consistent project management practices, and one project unit can be associated with multiple business units that are enabled for project accounting. Project numbering method (manual or automatic) and the associated number sequence are configured in the project unit implementation options, along with settings such as the reporting calendar and default set assignments.
A prospective customer wants an integrated solution that manages the full project lifecycle: capturing project ideas and selecting which to fund, planning and scheduling work, capturing labor and expense costs, generating invoices and recognizing revenue, and reporting project performance.
Which set of Oracle PPM Cloud components best supports these requirements?
Oracle PPM Cloud is composed of Project Execution/Management (planning and scheduling, and portfolio/idea evaluation), Project Costing (cost capture and accounting), Project Contracts and Project Billing (invoicing and revenue), Project Control (budgets, forecasts, and financial plans), and Project Performance Reporting (KPIs, dashboards). Option A includes non-PPM modules and omits execution and billing. Option C is wrong because planning and performance reporting are native PPM capabilities, not GL functions. Option D covers only resource staffing and procurement, not the full lifecycle.
Your customer's security administrator must create a custom job role for project managers who should be able to view project costs but must not be able to approve supplier invoices. She plans to start from the delivered Project Manager job role.
Which approach reflects the correct use of the Security Console in Oracle Applications Cloud?
Delivered (predefined) roles are read-only and cannot be modified; the supported method is to copy the role (top role or top role and inherited roles), then edit the copy by removing duty roles or function security policies. Option B is wrong because predefined roles cannot be edited. Option C is wrong because job roles can be copied, and an abstract role is a different role type used for roles such as Employee or Contingent Worker. Option D is wrong because privileges cannot be revoked at an individual user level.
An implementation consultant is configuring the enterprise structure for a client that will use Oracle Project Portfolio Management Cloud. The client wants project transactions to be captured for two legal entities that share the same chart of accounts and calendar, and they want project costs to be accounted in the general ledger.
Which statement correctly describes how business units and ledgers must be set up to support project accounting?
A business unit used for projects must be associated with a primary ledger and must have the Project Accounting business function enabled; project implementation options, costing, and billing configuration are then defined for that business unit. Option B is wrong because the ledger is derived from the business unit's assignment, not the expenditure type. Option C is wrong because multiple legal entities can share one business unit and a shared chart of accounts. Option D is wrong because a business unit maps to a single primary ledger.