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Oracle 1Z0-1057-21

1Z0-1057-21

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated: Sep 06, 2025

Q & A: 93 Questions and Answers

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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. You have closed theproject accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

A) Pending burden summarization items have not been processed.
B) Unaccounted transactions are notimported.
C) Unaccounted transactions have not been swept to the next period.
D) The corresponding Oracle Payables Cloud accounting period has not been closed.
E) Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.


2. Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets basedon the construction-in-process cost of each asset.Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement. (Choose the best answer.)

A) Standard Unit Cost
B) Actual Unit
C) Estimated Cost
D) Current Cost
E) Spread Evenly


3. Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

A) Payables
B) Receipt Accounting
C) Fixed Asset
D) Purchasing


4. Your customer has a requirement toimport and process third-party transactions that are "costed" and
"accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A) Transaction Source Options
B) Import Options
C) Document Options
D) Document Entry Options


5. As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)

A) All expenditure items charged to the task use the new burden schedule.
B) You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.
C) Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
D) Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.


Solutions:

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

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