Exam Name: Oracle Project Management Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Project Financials Management Cloud
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Updated: Sep 07, 2026
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Oracle 1Z0-1057-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Program Management and Reporting | 10% | - Set up programs and hierarchies - Configure project performance reporting and KPIs |
| Project Costing | 20% | - Configure cost collection, allocations, burdening - Set up budgetary controls and cost controls - Integrate with Time and Labor |
| Project Management Cloud Overview and Common Configuration | 15% | - Describe architecture and components - Manage security, roles, duties and user experience - Configure enterprise settings, reference data sharing - Set up calendars, periods, rate schedules, transaction sources |
| Project Billing and Revenue Management | 20% | - Configure cross-charging, transfer pricing - Manage contract billing and revenue accounting - Set up revenue recognition and invoicing |
| Resource Management | 10% | - Manage resource allocation and utilization - Configure enterprise resource setup |
| Functional Setup Manager and Implementation | 10% | - Configure and manage implementation projects - Use Rapid Implementation Workbook |
| Project Planning, Control and Forecasting | 15% | - Manage project schedules and progress - Define project budgets and forecasts - Set up project controls and performance tracking |
Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:
Which two are the workflows in Project Financial Management?
- A. Burden Cost Recalculation
- B. Capital Interest Calculation
- C. Project Status Change
- D. Asset Line Generation
- E. Expenditure Item Adjustment
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
Which two statements are true about a project in "Draft" status?
- A. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
- B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
- C. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work area.
- D. Project managers can view draft projects on the Project Manager Dashboard and use the projects for requirements planning.
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
Your client has decided to import time cards into Project Costing from Oracle Fusion Time and Labor. They have a requirement to make adjustments to time card entries whenever needed.
In which work area will the employees and contingent workers be able to modify their time cards?
- A. Both Time and Cost
- B. Cost
- C. Asset
- D. Time
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
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 Deferred Revenue 10000 -
- D. Dr Unbilled Receivables 10000 -
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
Shift is one of the key elements in defining project and resource calendars.
Which two additional key elements are required to define the project and resource calendars?
- A. Schedule Exceptions
- B. Workday Patterns
- C. Accounting Calendar
- D. Time off
- E. Expenditure Type
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
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