Oracle 1Z0-1057-21 : Oracle Project Management Cloud 2021 Implementation Essentials

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Question 1

In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

A. expenditure type exclusions on the Capitalized Interest rate schedules
B. common costs on the project/task
C. expenditure items whose costs are applied to a single asset or multiple assets
D. expenditure type exclusions on the Capitalized Interest rate name
E. expenditure items whose cost spreads across multiple assets that are capitalized

Question 2

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they reviewthe rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)

A. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
B. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period.
C. Define allocation basis by using Actual Amounts with a project-to-date amount class.
D. Allocate rental costs once each accounting period by using the"full" allocation method.
E. Define allocationbasis by using Actual Amounts with aperiod-to-date amount class.

Question 3

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

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

Question 4

A project administrator is trying toassign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

A. Theemployee is not assigned with a supervisor.
B. Project roles are not assigned in the project.
C. The employee is not assigned to a department.
D. The employee is not assigned to the project-owning organization.

Question 5

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resourcesprocess to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)

A. Jobs
B. Person Type
C. attributes that the project enterprise resources are assigned after creation
D. Pool Membership

Solutions: