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Oracle Project Financials Management Cloud 1Z0-1057-21

1Z0-1057-21

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated Time: Sep 02, 2026

Q & A: 93 Questions and Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Project Cost Management- Cost Collection and Processing
  • 1. Supplier Cost Processing
  • 2. Expense Management Integration
  • 3. Cost Transactions
- Cross-Charge Processing
  • 1. Transfer Pricing
  • 2. Borrowed and Lent Transactions
Topic 2: Resource Management- Resource Structures
  • 1. Resource Requests
  • 2. Resource Calendars
  • 3. Project Staffing
Topic 3: Security and Implementation Tools- Security Configuration
  • 1. Project Roles
  • 2. Data Access Security
- Implementation Utilities
  • 1. Rapid Implementation Spreadsheets
  • 2. Functional Setup Manager
  • 3. Setup Data Migration
Topic 4: Project Billing and Revenue Management- Contract and Billing Setup
  • 1. Revenue Recognition
  • 2. Invoice Generation
  • 3. Billing Events
Topic 5: Project Foundation Setup- Project Units
  • 1. Business Units
  • 2. Implementation Options
  • 3. Reference Data Sets
Topic 6: Project Financial Management Setup- Project Types and Templates
  • 1. Project Roles
  • 2. Project Classes
  • 3. Project Statuses
- Financial Structures
  • 1. Transaction Sources
  • 2. Expenditure Categories
  • 3. Expenditure Types
Topic 7: Project Execution Management- Project Planning
  • 1. Resource Assignments
  • 2. Task Management
  • 3. Work Plans
- Project Control
  • 1. Performance Reporting
  • 2. Budgets
  • 3. Forecasts

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question 1

You configure one OTBI using Project Cross Subject Area AnalysisReal Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)

A. TheBill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
B. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
C. The Bill-To-Customer dimension does not apply toInvoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.
D. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
E. The Contract andContract Line dimensions apply only to Invoice measures.


Question 2

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

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


Question 3

Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A. Project Organization Classification
B. Project Type
C. Project Accounting Business Function
D. Organization Tree
E. Business Unit


Question 4

Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

A. Enable track missing time at project type.
B. Enable track missing time at
C. Enable track missing time at project template.
D. Enable track missing time atbusiness unit.


Question 5

Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, theydecide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)

A. Product class category is not enabled for "available as accounting source".
B. Funding source class category is not enabled for "available as accountingsource".
C. Funding source class category is assigned to all project types.
D. Funding source class category is enabled for "available as accounting source".


Solutions:

Question 1
Answer: D
Question 2
Answer: A,B,D
Question 3
Answer: A,D
Question 4
Answer: B
Question 5
Answer: B

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