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

1Z0-1057-21

Exam Code: 1Z0-1057-21

Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials

Updated: Aug 08, 2026

Q & A: 93 Questions and Answers

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Project Execution and Control- Resource Assignment and Utilization
- Progress Tracking and Reporting
- Task Management and Scheduling
Project Management Cloud Setup and Configuration- Project Types and Templates Configuration
- Enterprise Project Structure (EPS) and Project Setup
Security and Data Access- Role-Based Access Control
- Project Security Configuration
Reporting and Analytics- OTBI and Dashboard Usage
- Project Performance Reporting
Integration and Configuration- Integration with Oracle Financials Cloud
- Integration with Oracle HCM Cloud
Project Financial Management- Cost Management and Control
- Budgeting and Forecasting
- Revenue Recognition Basics

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China andadded a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

A) The project accountant isnot assignedto the external rolethat grants access to the China business unit.
B) The US and UK business units are linked to different ledgers than the China business unit.
C) The China business unit is associated with a different legal entity than the US and UK business units.
D) The application role relevant to the China business unit is not assigned to the project accountant.


2. Whichthreeare part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

A) Upload setup data.
B) Prepare setup data.
C) Import Projects.
D) File Importand Export.
E) Generate CSV files.


3. You haveprojects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors. Identify the why the project transaction controls are not applied. ( Choose the best answer.)

A) The account code combination is not available on the distribution set line.
B) There is no expenditure type information available on the distribution set line.
C) There is noexpenditure item dateinformation available on the distribution set line.
D) There is no expenditure organization information available on the distribution set line.


4. Which application generates external roles to grant both function and data security? (Choose the best answer
.)

A) Oracle Identity Manager
B) Functional Setup Manager
C) Authorization Policy Manager
D) Business Process Manager


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


Solutions:

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

1Z0-1057-21 Related Exams
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1z0-1057-20-JPN - Oracle Project Management Cloud 2020 Implementation Essentials (1z0-1057-20日本語版)
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