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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displayslabor demand information. (Choose the best answer.)

A) The current period start date is used for calculating labor demand for the current year.
B) The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
C) The current date is used for calculating labor demand for the current year.
D) The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.

2. 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) Project accounting date is the first day of the first open project accountingperiod.
B) Project accounting date is the last day of the open project accounting period.
C) Accounting date is the first day of the first open accounting period.
D) Accounting date is the same as the original invoice date.
E) Project accounting date is the same as the original invoice date.

3. 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) 900
C) 600
D) 1000

4. 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) Mange Business Unit
C) Mange Project Types
D) Manage Project Unit Organizations
E) Manage Project Unit Options

5. Yourcustomer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)

A) PA Calendar
B) Accounting Periods
C) Project Accounting Periods
D) PA-GL Periods
E) Calendar Types

Solutions: