Oracle 1Z0-498 Exam - Updated Questions

1. Oracle 1Z0-498 Oracle Fusion Project Portfolio Management 11g Implementation Essentials Demo Product To Buy Full Set of Exam Questions, Visit: http://www.test4direct.com/1Z0-498.html

2. Question: 1 In your project, during the Project Business Unit implementation, you have set the project accounting calendar to the accounting calendar and you also selected the option to maintain common accounting and project accounting periods. In such a case, which application area is the project period status managed in? A. Fusion General Ledger only B. US I onProject Portfolio Managementonly C. Both Fusion General Ledger and Fusion Project PortfolioManagement D. In either Fusion Project Portfolio Management or in Fusion GL Answer: D Explanation: Reference: http://www.oracle.com/us/products/applications/fusion/project-portfolio-management/ppm- fusionproj-costing-ds-1557957.pdf Question: 2 Identify two reference data objects forwhich the default setassignments can be done for a business unit set determinant. A. Project Definition B. Projecttransaction Types C. Project Rates D. ProjectAccounting Definition Answer: B,D Question: 3 Select two correct statements pertaining to project classifications on a template. A. There can be a maximum of 20classifications that are allowed for entry using Quick Entry. B. When a project is created from a template, the project classifications cannot be deleted or added C. A project classification is a mandatory field on a project template D. When a project is created from a template, the project classifications can be deleted or added Answer: A,B Question: 4 Select the two options that would accurately fill in the blanks in the sentences below. The rate sources in Fusion PPM are based on the Schedule Types specified on the Invoice and

3. Revenue Methods. If the schedule type is Labor Schedule, Bill Rate, then a valid rate source would be ____________ or _______. A. Labor burden schedule B. Job billrate schedule C. Burden schedule D. Employee bill rate schedule E. Labortransfer price schedule Answer: B,D Question: 5 Identify the two currencies that Fusion PPM automatically converts transactions to, when a Financial Plan Type is enabled for planning in multiple currencies. A. Contract Currency B. Project Currency C. Project Ledger Currency D. Reporting Currency Answer: C,D Explanation: Reference: http://www.oracle.com/us/products/applications/fusion/project-portfolio-management/ppm- fusionproj-costing-ds-1557957.pdf Question: 6 Your client is implementing Fusion Applications for his or her organization and intends to transform the complete costing process through the use of Fusion PPM. One of the concerns the client has is that the user community is required to pick expenditure types from a long list, which are hot specific to their departmental expenses. Identify there levels of filtering that will help you address this concern in Fusion PPM. A. filterexpenditure types bused on the Project Unit that owns the project B. filterexpenditure types based on the set assigned to the Organization Hierarchy C. filter expenditure typesbased onthe set assigned to the project unit D. filter expenditure types based on the set assigned to the expenditure types Answer: C Question: 7 Your client has expressed a desire to produce and summarizeinvoice lines for non-labor transactions type or expenditure, based on the high level tastes of the project. Which invoice format grouping should be used to achieve this?

4. A. Top Task,Employee B. Top Task,Expenditure Type C. Revenue Category, ExpenditureCategory, Top Task D. Top Task,Expenditure Category E. TopTask. Revenue Category, Expenditure Category, Expenditure Type Answer: B Question: 8 Select the appropriate phrase to fill in the blank below. The Navigator is a hierarchical arrangement of Work Areas or Dashboards with ___. A. function and data security B. function security C. data security D. role security Answer: C Question: 9 Identify two predefined transaction sources that Fusion PPM uses to import the transactions generated within projects. A. Interproject Supplier Invoices B. ProjectsIntercompany supplier invoices C. Project Allocations D. Capitalized Interest Answer: A,D Question: 10 Select two important features of Standard Cost Collection Flex field. A. unique project costcollection requirements thatare configured centrally B. unique I-reject cost collection requirements that are presented differently acrossall applications C. allows customers to validate, calculate cost, and import any type of transactions that are captured internally or externally using a single process D. disintegrated means to capture, store, display, query, and reportproject-related attributes in their respective applications Answer: C,D Explanation: Reference: http://docs.oracle.com/cd/E29597_01/fusionapps.1111/e36898/F825906AN693D9.htm

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