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Exam Code: 1Z0-1057-21
Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Project Financials Management Cloud
Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Project Financials Management Cloud
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Oracle 1Z0-1057-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Integration and Configuration | - Integration with Oracle Financials Cloud - Integration with Oracle HCM Cloud |
| Project Management Cloud Setup and Configuration | - Enterprise Project Structure (EPS) and Project Setup - Project Types and Templates Configuration |
| Reporting and Analytics | - Project Performance Reporting - OTBI and Dashboard Usage |
| Security and Data Access | - Role-Based Access Control - Project Security Configuration |
| Project Execution and Control | - Resource Assignment and Utilization - Task Management and Scheduling - Progress Tracking and Reporting |
| Project Financial Management | - Cost Management and Control - Budgeting and Forecasting - Revenue Recognition Basics |
Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:
Your organization has been awarded a new contract based on which you are allowedto sell:
* Items not tracked in inventory
* Inventory items
* Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
- A. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
- B. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
- C. Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based
- D. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
Answer: C
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. Project accounting date is the last day of the open project accounting period.
- C. Project accounting date is the first day of the first open project accountingperiod.
- D. Project accounting date is the same as the original invoice date.
- E. Accounting date is the same as the original invoice date.
Answer: A,D
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)
- A. Project Contract-based billing
- B. Project Contract Collection Center
- C. Project Contract-based costing
- D. Contract Team Connect
Answer: A
Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).
You haveprojects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors. Identify the why the project transaction controls are not applied. ( Choose the best answer.)
- A. There is noexpenditure item dateinformation available on the distribution set line.
- B. The account code combination is not available on the distribution set line.
- C. There is no expenditure organization information available on the distribution set line.
- D. There is no expenditure type information available on the distribution set line.
Answer: A
Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).
While opening an organization tree on the Manage OrganizationTrees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. ( Choose two.)
- A. You usedCreate Treein the action menu.
- B. You selected theEdit iconfor opening the hierarchy.
- C. You used Create Tree Version in the action menu.
- D. You opened the hierarchy by clicking the name.
- E. You used View Tree Version in the action menu.
Answer: A,B
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