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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Invoice Generation
  • 2. Billing Events
  • 3. Revenue Recognition
Topic 2: Project Financial Management Setup- Financial Structures
  • 1. Transaction Sources
  • 2. Expenditure Types
  • 3. Expenditure Categories
- Project Types and Templates
  • 1. Project Classes
  • 2. Project Roles
  • 3. Project Statuses
Topic 3: Resource Management- Resource Structures
  • 1. Project Staffing
  • 2. Resource Calendars
  • 3. Resource Requests
Topic 4: Security and Implementation Tools- Implementation Utilities
  • 1. Functional Setup Manager
  • 2. Rapid Implementation Spreadsheets
  • 3. Setup Data Migration
- Security Configuration
  • 1. Project Roles
  • 2. Data Access Security
Topic 5: Project Cost Management- Cost Collection and Processing
  • 1. Cost Transactions
  • 2. Expense Management Integration
  • 3. Supplier Cost Processing
- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions
Topic 6: Project Execution Management- Project Planning
  • 1. Task Management
  • 2. Work Plans
  • 3. Resource Assignments
- Project Control
  • 1. Budgets
  • 2. Performance Reporting
  • 3. Forecasts
Topic 7: Project Foundation Setup- Project Units
  • 1. Reference Data Sets
  • 2. Business Units
  • 3. Implementation Options

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

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 assigned to all project types.
  • B. Funding source class category is enabled for "available as accounting source".
  • C. Product class category is not enabled for "available as accounting source".
  • D. Funding source class category is not enabled for "available as accountingsource".
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).

Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certainnumber of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)

  • A. time calculation rules
  • B. project time validation rules
  • C. time audit rules
  • D. time entry rules
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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 Manager- Security based on Project Assignment
  • C. Project Executive- Security basedon Project Hierarchy
  • D. Project Team Member- Security based on Project Assignment
  • E. Project Billing Specialist- Security based on Contract BU
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

  • A. If the "Allow resource changes at project level" option is set to for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
  • B. If the "Allow resource changes at project level" option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
  • C. If the "Allow resource changes at project level" option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.
  • D. If the "Allow resource changes at project level" option is set to Yes for the RBS, the new resources are available automatically at project level.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).

Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?

  • A. Project Tasks
  • B. Project Budgets
  • C. Project Templates
  • D. Project Billing Events
Reveal Solution  Discussion  0

Correct Answer: A,B,D  🗳️

Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).

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