Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

A) Receipt Accounting
B) Purchasing
C) Payables
D) Fixed Asset

2. Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A) Organization Tree
B) Project Organization Classification
C) Project Type
D) Project Accounting Business Function
E) Business Unit

3. You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for abillable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
DraftInvoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

A) Amount Based
B) Percent Complete
C) Rate Based
D) As Incurred

4. Which setup option is common to both financial and project plan types?

A) Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
B) Identify whether the plantype is the default selection when you create budget or forecast versions.
C) Enable the entry of plan amounts in currencies other than the project currency.
D) Enable the use of a workflow for managing budget or forecasting status changes.

5. In a Project Draft Invoice preview, quantity (hours) andunit price (bill rate) are shown as fields on the invoice.
Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantityof 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

A) The project sendsonly the invoice header and invoice line description to Receivables, not the invoice distributions.
B) The project sends only the invoice header to Receivables, not the invoice line description and distributions.
C) The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
D) The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.

Solutions: