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Oracle 1Z0-1057-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Project Cost Management | - Cost Collection and Processing
|
| Project Billing and Revenue Management | - Contract and Billing Setup
|
| Resource Management | - Resource Structures
|
| Project Foundation Setup | - Project Units
|
| Project Financial Management Setup | - Project Types and Templates
|
| Security and Implementation Tools | - Security Configuration
|
| Project Execution Management | - Project Planning
|
Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)
- A. Static
- B. Dynamic
- C. Flexfield
- D. Position
- E. Job
Correct Answer: A 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)
- A. Organization Tree
- B. Project Type
- C. Business Unit
- D. Project Accounting Business Function
- E. Project Organization Classification
Correct Answer: A,E 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Which setup option is common to both financial and project plan types?
- A. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
- B. Enable the entry of plan amounts in currencies other than the project currency.
- C. Identify whether the plantype is the default selection when you create budget or forecast versions.
- D. Enable the use of a workflow for managing budget or forecasting status changes.
Correct Answer: B 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Which two statements are true about the cross-charge method, Borrowed and Lent?
- A. Costs or revenue are shared based on transfer price rules with this method.
- B. This method creates a formal internal invoice.
- C. This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
- D. You must set up the contract business unit to use this method.
Correct Answer: A,C 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
A project administrator is trying toassign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)
- A. The employee is not assigned to a department.
- B. Project roles are not assigned in the project.
- C. The employee is not assigned to the project-owning organization.
- D. Theemployee is not assigned with a supervisor.
Correct Answer: A 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
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