Oracle Project Financials Management Cloud 1Z0-1057-21

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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. 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 Billing Specialist- Security based on Contract BU
B) Project Manager- Security based on Project Assignment
C) Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
D) Project Executive- Security basedon Project Hierarchy
E) Project Team Member- Security based on Project Assignment

2. You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A) 900
B) 1000
C) 600
D) 800

3. Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project rolethat you should assign to the person in the project to meet this requirement? (Choose the best answer.)

A) Project Administrator
B) Project Accountant
C) Project Application Administrator
D) Project Manager

4. 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.)

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

5. Using Oracle Time and Labor, your client wants to put in a validation process that allows only a certainnumber of maximum hours an employee can charge in a day, and a minimum of hours he or she can report in a week.
What feature would you use to meet this requirement? (Choose the best answer.)

A) time audit rules
B) time calculation rules
C) project time validation rules
D) time entry rules

Solutions: