Oracle 1Z0-1057-21 : Oracle Project Management Cloud 2021 Implementation Essentials

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question 1

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. Project accounting date is the first day of the first open project accountingperiod.
B. Project accounting date is the same as the original invoice date.
C. Accounting date is the first day of the first open accounting period.
D. Project accounting date is the last day of the open project accounting period.
E. Accounting date is the same as the original invoice date.

Question 2

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. Payables
B. Fixed Asset
C. Receipt Accounting
D. Purchasing

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

Question 4

You configure one OTBI using Project Cross Subject Area AnalysisReal Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

A. The Contract andContract Line dimensions apply only to Invoice measures.
B. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
C. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
D. TheBill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
E. The Bill-To-Customer dimension does not apply toInvoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.

Question 5

Whichthreeare true of what you can do in the Project Requirements work area?

A. Manage your list ofbacklogitems.
B. Create an implementation project.
C. Organizebacklogitems by requirements.
D. Create an execution project.
E. Create project tasks forbacklogitems.

Solutions: