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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question 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 Unbilled Receivables 40,000
B. Dr Unearned Revenue 40,000Cr Revenue 40,000
C. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
D. Dr Accounts Receivables 40,000Cr Revenue 40,000

Question 2

You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A. 800
B. 1000
C. 900
D. 600

Question 3

Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. ( Choose two)

A. Use the predefined Bell Curve spread with small deviations on the spread points.
B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
C. Use the predefined S-Curve spread with small deviations on the spread points.
D. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.

Question 4

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

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

Question 5

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 Billing Specialist- Security based on Contract BU
B. Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
C. Project Team Member- Security based on Project Assignment
D. Project Executive- Security basedon Project Hierarchy
E. Project Manager- Security based on Project Assignment

Solutions: