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Oracle 1Z0-1057-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Project Costing | 20% | - Set up budgetary controls and cost controls - Configure cost collection, allocations, burdening - Integrate with Time and Labor |
| Topic 2: Program Management and Reporting | 10% | - Set up programs and hierarchies - Configure project performance reporting and KPIs |
| Topic 3: Project Planning, Control and Forecasting | 15% | - Define project budgets and forecasts - Set up project controls and performance tracking - Manage project schedules and progress |
| Topic 4: Project Management Cloud Overview and Common Configuration | 15% | - Describe architecture and components - Manage security, roles, duties and user experience - Set up calendars, periods, rate schedules, transaction sources - Configure enterprise settings, reference data sharing |
| Topic 5: Resource Management | 10% | - Configure enterprise resource setup - Manage resource allocation and utilization |
| Topic 6: Functional Setup Manager and Implementation | 10% | - Configure and manage implementation projects - Use Rapid Implementation Workbook |
| Topic 7: Project Billing and Revenue Management | 20% | - Manage contract billing and revenue accounting - Set up revenue recognition and invoicing - Configure cross-charging, transfer pricing |
Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
- A. Dr Deferred Revenue 10000 -
- B. Dr Unbilled Receivables 10000 -
- C. Dr Accounts Receivables 10000 -
- D. Dr Accounts Receivables 10000 -
Correct Answer: D 🗳️
Explanation: Only visible for TestBraindump members. You can sign-up / login (it's free).
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)
- A. Mange Project Types
- B. Manage Project Unit Organizations
- C. Manage Project Unit Options
- D. Manage Project Organization Classifications
- E. Mange Business Unit
Correct Answer: B 🗳️
Explanation: Only visible for TestBraindump members. You can sign-up / login (it's free).
Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on 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. Estimated Cost
- B. Standard Unit Cost
- C. Spread Evenly
- D. Current Cost
- E. Actual Unit
Correct Answer: E 🗳️
Explanation: Only visible for TestBraindump members. You can sign-up / login (it's free).
Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
- A. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
- B. Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".
- C. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
- D. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
Correct Answer: D 🗳️
Explanation: Only visible for TestBraindump members. You can sign-up / login (it's free).
Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)
- A. Even
- B. Bell Curve
- C. Back Loaded
- D. Daily Spread Basis
- E. S-Curve
Correct Answer: C 🗳️
Explanation: Only visible for TestBraindump members. You can sign-up / login (it's free).
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