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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. A consulting services company is currently working on a businesstransformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of theperiod, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

A) Dr Accounts Receivables 40,000Cr Revenue 40,000
B) Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
C) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
D) Dr Unearned Revenue 40,000Cr Revenue 40,000

2. Identify three correct statements about project types. (Choose three.)

A) Project type can be usedas a source
B) Project type can be associated with multiple project units.
C) Summarization options can be specified at project type.
D) Project type can beenabled for both billing and capitaliz
E) Classifications can be assigned

3. When scheduling the Update Project Performance Data process to run on a periodic basis, whichsummarization method would you select? (

A) Incremental
B) Bulk
C) Summary
D) Detail

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

5. Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

A) Allocate Project Expense
B) ManageProject Plan Resource Assignment
C) View Project Progress
D) Transfer Project

Solutions: