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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Common Project Configuration
Topic 2: Configure Project Resource Management
Topic 3: Project Management Overview
Topic 4: Configure Project Costing
Topic 5: Functional Setup Manager
Topic 6: Navigation, User Experience, Personalization and Approvals
Topic 7: Configure Project Performance Reporting
Topic 8: Configure Project Control
Topic 9: Configure Project Billing
Topic 10: Configure Project Management
Topic 11: Configure Project Foundation
Topic 12: Applications Security Overview

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question #1

Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these classcategories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

  • A. Class codesshould beassociated
  • B. Class codes should be assigned to project unit.
  • C. Class categoriesshould beassignedtoproject type.
  • D. Class categories should be assigned to business unit.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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Question #2

Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, theydecide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)

  • A. Product class category is not enabled for "available as accounting source".
  • B. Funding source class category is assigned to all project types.
  • C. Funding source class category is not enabled for "available as accountingsource".
  • D. Funding source class category is enabled for "available as accounting source".
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

When scheduling the Update Project Performance Data process to run on a periodic basis, whichsummarization method would you select? (

  • A. Summary
  • B. Detail
  • C. Bulk
  • D. Incremental
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

  • A. 1000
  • B. 900
  • C. 600
  • D. 800
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

Your customerhas different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates willbe populated in such invoices? (Choose two.)

  • A. Accounting date is the first day of the first open accounting period.
  • B. Accounting date is the same as the original invoice date.
  • C. Project accounting date is the last day of the open project accounting period.
  • D. Project accounting date is the same as the original invoice date.
  • E. Project accounting date is the first day of the first open project accountingperiod.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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