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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)

A) Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
B) Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.
C) You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.
D) All expenditure items charged to the task use the new burden schedule.

2. What are three configuration items that you need to set up by using the Project Organizationsfunctional area in Project Financial Management configurations? (Choose three.)

A) Manage Project Organization Classifications
B) Manage Project Unit Organizations
C) Mange Business Unit
D) Manage Project Unit Options
E) Mange Project Types

3. Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A) Enable track missing time at project type.
B) Enable track missing time at
C) Enable track missing time atbusiness unit.
D) Enable track missing time at project template.

4. You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (

A) Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
B) Project Team Member- Security based on Project Assignment
C) Project Manager- Security based on Project Assignment
D) Project Billing Specialist- Security based on Contract BU
E) Project Executive- Security basedon Project Hierarchy

5. 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 no expenditure organization information available on the distribution set line.
B) There is noexpenditure item dateinformation available on the distribution set line.
C) There is no expenditure type information available on the distribution set line.
D) The account code combination is not available on the distribution set line.

Solutions: