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

"Oracle Project Management Cloud 2021 Implementation Essentials", also known as 1Z0-1057-21 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 93 Q&As to your 1Z0-1057-21 Exam preparation. In the 1Z0-1057-21 exam resources, you will cover every field and category in Project Financials Management Cloud Certification helping to ready you for your successful Oracle Certification.

  • Exam Code: 1Z0-1057-21
  • Exam Name: Oracle Project Management Cloud 2021 Implementation Essentials
  • Certification Provider: Oracle
  • Corresponding Certification: Project Financials Management Cloud
  • Updated: Sep 15, 2026
  • No. of Questions: 93 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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Oracle 1Z0-1057-21 Exam Syllabus Topics:

SectionObjectives
Functional Setup Manager
Configure Project Foundation
Common Project Configuration
Configure Project Control
Applications Security Overview
Configure Project Resource Management
Configure Project Costing
Navigation, User Experience, Personalization and Approvals
Configure Project Billing
Configure Project Performance Reporting
Configure Project Management
Project Management Overview

Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)

  • A. event type
  • B. expenditure type
  • C. worktype
  • D. cost type
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).

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.)

  • A. On Hold > Pending Approval > Active
  • B. Pending Acceptance > Pending Approval > Active
  • C. Pending Approval > Pending Acceptance > Active
  • D. OnHold > Pending Acceptance > Active
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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A consulting services company is currently working on a businesstransformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of theperiod, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

  • A. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
  • B. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
  • C. Dr Accounts Receivables 40,000Cr Revenue 40,000
  • D. Dr Unearned Revenue 40,000Cr Revenue 40,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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. Unaccounted transactions have not been swept to the next period.
  • B. The corresponding Oracle Payables Cloud accounting period has not been closed.
  • C. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
  • D. Pending burden summarization items have not been processed.
  • E. Unaccounted transactions are notimported.
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

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Whichfivesteps are required for the File-Based Data Import Integration option?

  • A. Run Process to transfer data to interface tables.
  • B. Upload the file to the server.
  • C. Populate the spreadsheet with data and generate a CSV file.
  • D. Import data into various applications.
  • E. Install an Excel add-in.
  • F. Download an Excel template.
Reveal Solution  Discussion  0

Correct Answer: A,B,C,E,F  🗳️

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