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Exam Code: 1Z0-1057-21
Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
Updated: Jun 02, 2026
Q & A: 93 Questions and Answers
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1. You configure one OTBI using Project Cross Subject Area AnalysisReal Time. You notice that all measures (Budget, Forecast, Cost, Commitments, Revenue, and Invoice) are not available for Bill-To-Customer and Contract and Contract Line dimensions. Identify the reason for this behavior. (Choose the best answer.)
A) The Contract andContract Line dimensions apply only to Invoice measures.
B) The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
C) TheBill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
D) The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
E) The Bill-To-Customer dimension does not apply toInvoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.
2. 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) Document Entry Options
B) Transaction Source Options
C) Document Options
D) Import Options
3. You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (
A) Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
B) Project Billing Specialist- Security based on Contract BU
C) Project Executive- Security basedon Project Hierarchy
D) Project Team Member- Security based on Project Assignment
E) Project Manager- Security based on Project Assignment
4. Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)
A) Project Accounting Business Function
B) Project Type
C) Organization Tree
D) Business Unit
E) Project Organization Classification
5. 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) Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
B) Unaccounted transactions have not been swept to the next period.
C) Pending burden summarization items have not been processed.
D) Unaccounted transactions are notimported.
E) The corresponding Oracle Payables Cloud accounting period has not been closed.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D,E | Question # 4 Answer: C,E | Question # 5 Answer: A,B |
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