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Oracle Project Financials Management Cloud 1Z0-1057-23

1Z0-1057-23

Exam Code: 1Z0-1057-23

Exam Name: Oracle Project Management Cloud 2023 Implementation Professional

Updated Time: Sep 04, 2026

Q & A: 138 Questions and Answers

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Oracle 1Z0-1057-23 Exam Syllabus Topics:

SectionWeightObjectives
Program Management and Reporting10%- Set up programs and hierarchies
- Configure project performance reporting and KPIs
Project Management Cloud Overview and Common Configuration15%- Manage security, roles, duties and user experience
- Configure enterprise settings, reference data sharing
- Describe architecture and components
- Set up calendars, periods, rate schedules, transaction sources
Project Planning, Control and Forecasting15%- Set up project controls and performance tracking
- Define project budgets and forecasts
- Manage project schedules and progress
Functional Setup Manager and Implementation10%- Use Rapid Implementation Workbook
- Configure and manage implementation projects
Project Billing and Revenue Management20%- Set up revenue recognition and invoicing
- Manage contract billing and revenue accounting
- Configure cross-charging, transfer pricing
Resource Management10%- Configure enterprise resource setup
- Manage resource allocation and utilization
Project Costing20%- Integrate with Time and Labor
- Configure cost collection, allocations, burdening
- Set up budgetary controls and cost controls

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question 1

Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.
Where will you maintain the accounting period statuses if this option has been enabled?

A. Project Costing
B. Subledger Accounting
C. Project Foundation
D. General Ledger


Question 2

Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

A. cost type
B. work type
C. expenditure type
D. event type


Question 3

You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?

A. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
B. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
C. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
D. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.


Question 4

Which two are the workflows in Project Financial Management?

A. Expenditure Item Adjustment
B. Asset Line Generation
C. Burden Cost Recalculation
D. Project Status Change
E. Capital Interest Calculation


Question 5

Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)

A. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
B. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
C. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
D. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
E. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule


Solutions:

Question 1
Answer: D
Question 2
Answer: D
Question 3
Answer: C
Question 4
Answer: A
Question 5
Answer: C

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