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Oracle 1Z0-1057-23 Exam Syllabus Topics:

Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

Question 1

Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction''s business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)

A. assignment to one set only; no common values allowed
B. assignment to one set only with common values
C. assignment to multiple sets; no common values allowed
D. assignment to multiple sets; common values allowed

Question 2

Which three features are part of Oracle Fusion Functional Setup Manager?

A. updating an implementation project task list by changing the opt-in configuration to suit the latest requirements
B. modifying an existing implementation project task list by selecting more functional areas when needed
C. guided task list for end-to-end setup requirements
D. feature opt-in for a best fit configuration
E. export and import services for setup data migration between environments

Question 3

Which three tasks can be performed using the project requirements work area? (Choose three.)

A. tracking backlog item status from the requirement storyboard.
B. adding scrum master to backlog items.
C. creating projects and tasks in the context of backlog items.
D. creating issues for the backlog items.
E. creating change orders for the backlog items.

Question 4

You have projects 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 these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

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

Question 5

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 Accounts Receivables 10000 -
B. Dr Accounts Receivables 10000 -
C. Dr Unbilled Receivables 10000 -
D. Dr Deferred Revenue 10000 -

Solutions: