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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:
1. You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)
A) The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
B) The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
C) The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
D) The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
2. Identify the valid approval group type applicable to Oracle Project Financial Management Cloud.
(Choose the best answer.)
Response:
A) Static
B) Position
C) Job
D) Dynamic
E) Flexfield
3. You are trying to create a custom infolet but are not able to find the "Create Infolet" option in the Infolet repository window. Which two steps should be completed before you can access the "Create Infolet" option?
A) You should enable the "Create Infolet" option from the Personalize Springboard page.
B) You must activate Page Composer.
C) You should be on the Project Custom Objects page.
D) You must be in an active sandbox.
4. 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 Unbilled Receivables 10000 -
C) Dr Accounts Receivables 10000 -
D) Dr Deferred Revenue 10000 -
5. Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset.
Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement.
(Choose the best answer.)
Response:
A) Current Cost
B) Spread Evenly
C) Standard Unit Cost
D) Actual Unit
E) Estimated Cost
Solutions:
Question # 1 Answer: D | Question # 2 Answer: A,D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B |