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Oracle 1Z0-1057-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Project Foundation Setup | - Project Units
|
| Security and Implementation Tools | - Security Configuration
|
| Project Billing and Revenue Management | - Contract and Billing Setup
|
| Project Execution Management | - Project Control
|
| Project Financial Management Setup | - Financial Structures
|
| Resource Management | - Resource Structures
|
| Project Cost Management | - Cost Collection and Processing
|
Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:
You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: "Thesearch for resources cannot be completed because the project resource search index is not available. Contact your help desk." Identify the cause for this error message. (Choose the best answer.)
- A. The index is in the process of being updated.
- B. The most recent update of the index finished successfully.
- C. The index has been built.
- D. The index is not in the process.
Correct Answer: A 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
In a Project Draft Invoice preview, quantity (hours) andunit price (bill rate) are shown as fields on the invoice.
Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantityof 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)
- A. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
- B. The project sendsonly the invoice header and invoice line description to Receivables, not the invoice distributions.
- C. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
- D. The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
Correct Answer: C 🗳️
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. Accounting date is the first day of the first open accounting period.
- B. Project accounting date is the first day of the first open project accountingperiod.
- C. Accounting date is the same as the original invoice date.
- D. Project accounting date is the last day of the open project accounting period.
- E. Project accounting date is the same as the original invoice date.
Correct Answer: A,E 🗳️
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. Manage Project Unit Options
- D. Mange Project Types
- E. Mange Business Unit
Correct Answer: A,B,C 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you setup to meet the customer requirement? (Choose the best answer.)
- A. assignment to multiple sets; no common values allowed
- B. assignment to multiple sets; common values allowed
- C. assignment to one set only with common values
- D. assignment to one set only; no common values allowed
Correct Answer: A 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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