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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Which two statements are true about the cross-charge method, Borrowed and Lent?

A) This method creates a formal internal invoice.
B) Costs or revenue are shared based on transfer price rules with this method.
C) This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
D) You must set up the contract business unit to use this method.

2. As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)

A) Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.
B) You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.
C) Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
D) All expenditure items charged to the task use the new burden schedule.

3. While opening an organization tree on the Manage OrganizationTrees page, you notice that the hierarchy status is displayed as Inactive. Identify the two reasons for the organization tree to be in Inactive status. ( Choose two.)

A) You usedCreate Treein the action menu.
B) You selected theEdit iconfor opening the hierarchy.
C) You used View Tree Version in the action menu.
D) You opened the hierarchy by clicking the name.
E) You used Create Tree Version in the action menu.

4. You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for abillable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
DraftInvoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

A) Rate Based
B) Amount Based
C) Percent Complete
D) As Incurred

5. Which three features are part of Oracle Fusion Functional Setup Manager?

A) export and import services for setup data migration between environments
B) modifying an existing implementation project task list by selectingmore functional areas when needed
C) guided task list for end-to-end setup requirements
D) feature opt-in for a best fit configuration
E) updating an implementation project task list by changing the opt-in configuration to suit the latest requirements

Solutions: