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| Section | Objectives |
|---|---|
| Topic 1: Project Financial Management | - Billing and revenue recognition
|
| Topic 2: Project Management Cloud Fundamentals | - Overview of Oracle Project Management Cloud
|
| Topic 3: Project Execution and Control | - Project monitoring and reporting
|
| Topic 4: Integration and Extensions | - Integration with Oracle Cloud ERP
|
| Topic 5: Implementation and Configuration | - Setup and configuration of project management structures
|
1. Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?
A) Project Templates
B) Project Class Categories
C) Project Types
D) Work Type
E) Expenditure Types
2. You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)
A) Project Executive- Security based on Project Hierarchy
B) Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
C) Project Billing Specialist- Security based on Contract BU
D) Project Team Member- Security based on Project Assignment
E) Project Manager- Security based on Project Assignment
3. Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.
An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)
A) The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
B) For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
C) The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
D) For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.
4. In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)
A) common costs on the project/task
B) expenditure items whose costs are applied to a single asset or multiple assets
C) expenditure items whose cost spreads across multiple assets that are capitalized
D) expenditure type exclusions on the Capitalized Interest rate schedules
E) expenditure type exclusions on the Capitalized Interest rate name
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) Unaccounted transactions have not been swept to the next period.
B) Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
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.
Solutions:
| Question # 1 Answer: A,C,E | Question # 2 Answer: D,E | Question # 3 Answer: A,D | Question # 4 Answer: B | Question # 5 Answer: A,B |
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