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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question 1

Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A. Business Unit
B. Project Accounting Business Function
C. Project Organization Classification
D. Organization Tree
E. Project Type

Question 2

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

Question 3

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 Team Member- Security based on Project Assignment
D. Project Billing Specialist- Security based on Contract BU
E. Project Executive- Security basedon Project Hierarchy

Question 4

You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contractLine 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task
30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

A. Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
B. Bill set number drives the grouping of transactions.
C. Two invoices are created using the same contract.
D. Both the contract lines create only a single invoice because they are using the same contract.

Question 5

Select two correct statements about project classifications on a template. (Choose two.)

A. Project Classification is a mandatory field on a project template.
B. When a project is created from a template, the required project classifications must be entered.
C. Set Code isnotrequired for a project class category in a project classification.
D. Project class category in a project classification must be associated with a Set Code.

Solutions: