Project Financials Management Cloud 1z0-1057-24 Exam Dumps

 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

To sell items not tracked in inventory, inventory items, and services, you can create two contract lines with different line types. The line type of “sell intent, free-form, project-based” allows you to sell any item or service without specifying the item number or quantity. The line type of “sell intent, item, project-based” allows you to sell inventory items by specifying the item number and quantity. Both line types are project-based, meaning they are linked to a project and generate revenue based on project performance.Reference:

Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjm/index.html#_Toc468200732_1_12

Topic –Privileges- This table lists privileges granted to duties of the abstract role Project Management Duty.

Granted Role - Project Plan Management

Privilege – only A and C are listed

Ref: cs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for-project-billing.html#OAPJB340382

Topic - Accounting Period and Project Accounting Period Closing: How Validation Works