Oracle Project Management Cloud 2023 Implementation Professional - 1Z0-1057-23 Exam Practice Test

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?

Select two correct statements about project classifications on a template.

You configure one OTBI using Project Cross Subject Area Analysis Real 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.)

Which two are the workflows in Project Financial Management?

Identify two correct role templates available on the Oracle Entitlement Server to generate roles for Project Organization Security.

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?

Your customer complains that their project resources do not report their time promptly, which has resulted in incorrect reporting of project performance. What should you do to fix this problem? (Choose the best answer.)

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?

Which three tasks can be performed using the project requirements work area? (Choose three.)

Which data format is supported by SOAP Web services to establish communication between web services consumers and web services providers?