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Oracle Project Portfolio Management Cloud 1Z1-1057 The free demo has three versions.
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1Z1-1057 PDF DEMO:
QUESTION NO: 1
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)
A. Accounting date is the first day of the first open accounting period.
B. Project accounting date is the first day of the first open project accounting period.
C. Accounting date is the same as the original invoice date.
D. Project accounting date is the same as the original invoice date.
E. Project accounting date is the last day of the open project accounting period.
Answer: A,D
QUESTION NO: 2
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)
A. The US and UK business units are linked to different ledgers than the China business unit.
B. The China business unit is associated with a different legal entity than the US and UK business units.
C. The project accountant is not assigned to the external role that grants access to the China business unit.
D. The application role relevant to the China business unit is not assigned to the project accountant.
Answer: C
QUESTION NO: 3
Which three tools are available for accessing REST APIs?
A. Web Browser
B. Oracle Transactional Business Intelligence
C. Programming Language
D. cURL
Answer: A,C,D
Explanation
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-
management/18b/fapap/Use_cURL.html REST API = REpresentational State nterface (API)
QUESTION NO: 4
Which five steps are required for the File-Based Data Import Integration option?
A. Import data into various applications.
B. Populate the spreadsheet with data and generate a CSV file.
C. Download an Excel template.
D. Upload the file to the server.
E. Run Process to transfer data to interface tables.
F. Install an Excel add-in.
Answer: B,C,D,E,F
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-
management/19b/oefpp/overview.html#External_Data_In
QUESTION NO: 5
You have closed the project 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. The corresponding Oracle Payables Cloud accounting period has not been closed.
D. Pending burden summarization items have not been processed.
E. Unaccounted transactions are not imported.
Answer: A,B
Explanation
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record- accounting-for-project-bil Topic - Accounting Period and Project Accounting Period Closing: How
Validation Works
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Updated: May 28, 2022