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| Section | Objectives |
|---|---|
| Integration and Reporting | - Analytics and Reporting
|
| Security and Administration | - Application Maintenance
|
| Project Financial Management | - Cost Management
|
| Project Foundation Setup | - Enterprise Structure Configuration
|
| Project Execution Management | - Progress and Performance Tracking
|
1. 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) The corresponding Oracle Payables Cloud accounting period has not been closed.
C) Pending burden summarization items have not been processed.
D) Unaccounted transactions have not been swept to the next period.
E) Unaccounted transactions are not imported.
2. Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)
A) billing controls
B) expenditure items
C) billing events
D) bill plan
E) invoice method
3. As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)
A) Jobs
B) Pool Membership
C) Person Type
D) attributes that the project enterprise resources are assigned after creation
4. You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?
A) 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.
B) 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.
C) 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.
D) 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.
5. You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month. Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three.)
A) Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period.
B) Define allocation basis by using Actual Amounts with a project-to-date amount class.
C) Define allocation basis by using Actual Amounts with a period-to-date amount class.
D) Allocate rental costs once each accounting period by using the "spread evenly" allocation method.
E) Allocate rental costs once each accounting period by using the "full" allocation method.
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A,D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A,C,E |
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