Free Oracle Project Management Cloud 2021 Implementation Essentials Exam 1Z0-1057-21 Exam Practice Test

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

• OnHold > Pending Acceptance > Active
• On Hold > Pending Approval > Active
• Pending Approval > Pending Acceptance > Active
• Pending Acceptance > Pending Approval > Active

You have four resources in your organization: P, Q,R, and S. Resource P – Project or resource calendar is active. Resource Q – Project resource request dates are within the project or resource calendar effective dates. Resource R – Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift. Resource S – Number of working days within the requested date range is not zero on the project or resource calendar. Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose thebest answer.)

• P
• Q
• R
• S

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.)

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

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.)

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

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.)

• Receipt Accounting
• Payables
• Fixed Asset
• Purchasing

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.)

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

Which three tools are available for accessing REST APIs?

• cURL
• Web Browser
• Oracle Transactional Business Intelligence
• Programming Language

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 setup to meet the customer requirement? (Choose the best answer.)

• assignment to one set only with common values
• assignment to one set only; no common values allowed
• assignment to multiple sets; common values allowed
• assignment to multiple sets; no common values allowed

Select two correct statements about project classifications on a template. (Choose two.)

• Set Code isnotrequired for a project class category in a project classification.
• Project Classification is a mandatory field on a project template.
• When a project is created from a template, the required project classifications must be entered.
• Project class category in a project classification must be associated with a Set Code.

Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs forrate-based planning resources. (Choose the best answer.)

• Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
• Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
• Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
• Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
• Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule