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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A) On Hold > Pending Approval > Active
B) Pending Approval > Pending Acceptance > Active
C) Pending Acceptance > Pending Approval > Active
D) OnHold > Pending Acceptance > Active

2. Your customer has a requirement toimport and process third-party transactions that are "costed" and
"accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A) Document Options
B) Import Options
C) Transaction Source Options
D) Document Entry Options

3. Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

A) Create a revenue method classification with a revenue method of Percent Complete.
B) Create arevenue method with a revenue method classification of Rate Based.
C) Create a revenue method with a revenue method classification of Amount Based.
D) Create a revenue method classification with a revenue method of Percent Spent.

4. Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

A) Fixed Asset
B) Payables
C) Receipt Accounting
D) Purchasing

5. 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) Funding source class category is enabled for "available as accounting source".
B) Funding source class category is not enabled for "available as accountingsource".
C) Funding source class category is assigned to all project types.
D) Product class category is not enabled for "available as accounting source".

Solutions: