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NEW QUESTION 25
In a Project Draft Invoice preview, quantity (hours) and unit 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 quantity of 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 sends only the invoice header to Receivables, not the invoice line description and distributions.
- B. The project sends only the invoice header and invoice line description to Receivables, not the invoice 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.
Answer: C
NEW QUESTION 26
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.)
- A. Enable track missing time at business unit.
- B. Enable track missing time at project type.
- C. Enable track missing time at project template.
- D. Enable track missing time at project unit.
Answer: D
NEW QUESTION 27
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)
- A. Position
- B. Static
- C. Flexfield
- D. Dynamic
- E. Job
Answer: B
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-approval-management.html#FACIA3124477 Topic Approval Groups Each approval group includes a set of users that you configure to act on tasks in a certain pattern. Tasks can be defined to get routed to an approval group instead of an individual user. You can nest approval groups within approval groups.
You have two options for defining the group:
Static: Select the specific users to include in the group.
Dynamic: Provide the logic to use to determine the users in the group.
NEW QUESTION 28
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 must be in an active sandbox.
- B. You must activate Page Composer.
- C. You should enable the "Create Infolet" option from the Personalize Springboard page.
- D. You should be on the Project Custom Objects page.
Answer: A,B
Explanation:
Ref: https://docs.oracle.com/cd/E83857_01/saas/applications-common/18b/oaext/page-modification.html#OAEXT1640891
NEW QUESTION 29
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles:
0-4-10-11-14-13-10-4-0-0. Identify two ways to handle this kind of a spread on their budgets and forecasts. (Choose two)
- A. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
- B. Use the predefined Bell Curve spread with small deviations on the spread points.
- C. Use the predefined S-Curve spread with small deviations on the spread points.
- D. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
Answer: B,D
NEW QUESTION 30
Your customer started operations and all projects in January 2015. They implemented Enterprise Project Structure for calculating project labor demand by using the Annual option. When they view the labor demand on 15-Dec-2015, the project hierarchy viewer shows data only for the year 2015. The client expected the demand to be shown for a year, from 15-Dec-2015 to 15-Dec-2016.
Identify how the project hierarchy viewer displays labor demand information. (Choose the best answer.)
- A. The current date is used for calculating labor demand for the current year.
- B. The project start date of Jan-2015 was used for calculating labor demand, and hence it calculated the demand for the year 2015.
- C. The current period start date is used for calculating labor demand for the current year.
- D. The date entered by a user as a parameter when running the Update EPS job was set to 01-Jan-2015, and hence the calculations show results for the year 2015.
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/analyze-project-management-performance.html#OAPEM1313471 Topic - Project Labor Demand: How It's Calculated Settings That Affect Project Labor Demand Project application administrators must do the following to set up how project labor demand is calculated:
Organize projects into hierarchical groups on the Manage Enterprise Project Structure page.
Change the quarterly FTE hours for the organization on the Define Project Management Implementation Options page, if different from 520 hours.
Note: You can choose to view labor demand annually instead of quarterly. The Project Hierarchy Viewer uses the current date to determine which year or quarter to display.
NEW QUESTION 31
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)
- A. Mange Project Types
- B. Manage Project Unit Options
- C. Mange Business Unit
- D. Manage Project Unit Organizations
- E. Manage Project Organization Classifications
Answer: B,D,E
Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM3094543 Topic - Manage Project Unit Organizations
NEW QUESTION 32
Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)
- A. Accounting Method
- B. Journal Rules
- C. Accounting Rule
- D. Supporting References
- E. Mapping Sets
Answer: D
Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357 Assignment of Supporting References Supporting references may be used to capture transaction values on journal entry lines. A supporting reference can be used on a journal entry rule set only if it's assigned a source from the event class of the journal entry rule set.
Creating Supporting References: Explained
Supporting references are used to store additional source information about a subledger journal entry at the line level.
Supporting references with balances establish subledger balances for a particular source and account for a particular combination of supporting references plus the account combination.
For example:
If a journal line contains a supporting reference that includes two sources, Customer Type and Customer Name.
Balances are created for the account combination, plus customer name and customer type.
Examples of how you may want to use supporting reference balances are to:
Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with transaction and reference attributes.
Create balances by dimensions not captured in the chart of accounts.
Reporting using dimensions not captured in the chart of accounts.
Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals.
Profit and loss balances by dimensions not captured in the chart of accounts Define supporting references to hold additional supporting information for detailed account balance maintenance or reconciliation and reporting requirements.
NEW QUESTION 33
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.)
- A. Spread Evenly
- B. Standard Unit Cost
- C. Actual Unit
- D. Current Cost
- E. Estimated Cost
Answer: D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM220111 Topic - Asset Cost Allocation Methods: Explained The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type. You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level.
The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset
NEW QUESTION 34
Which two statements are true about the cross-charge method, Borrowed and Lent?
- A. Costs or revenue are shared based on transfer price rules with this method.
- B. You must set up the contract business unit to use this method.
- C. This method creates a formal internal invoice.
- D. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
Answer: A,D
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjc/process-project-cost-transactions.html#OAPJC284872 What's a borrowed and lent processing method?
A method of processing cross-charge transactions that generates accounting entries to share revenue or transfer costs from the provider organization to the receiver organization within a legal entity. An internal invoice isn't created but costs or revenue are shared based on the transfer price rules. This method provides a financial view of the performance of an organization.
NEW QUESTION 35
Identify three correct statements about project types. (Choose three.)
- A. Summarization options can be specified at project type.
- B. Project type can be associated with multiple project units.
- C. Classifications can be assigned at project type.
- D. Project type can be enabled for both billing and capitalization.
- E. Project type can be used as a source in subledger accounting.
Answer: C,D,E
NEW QUESTION 36
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. expenditure items whose costs are applied to a single asset or multiple assets
- B. expenditure items whose cost spreads across multiple assets that are capitalized
- C. common costs on the project/task
- D. expenditure type exclusions on the Capitalized Interest rate name
- E. expenditure type exclusions on the Capitalized Interest rate schedules
Answer: A
Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm
NEW QUESTION 37
You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: "The search for resources cannot be completed because the project resource search index is not available. Contact your help desk." Identify the cause for this error message. (Choose the best answer.)
- A. The index is in the process of being updated.
- B. The most recent update of the index finished successfully.
- C. The index has been built.
- D. The index is not in the process.
Answer: A
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-execution-management-applications.html#FAPFM1724547 Topic - Submitting the Process to Maintain Project Resource Search Index: Procedure Submit the Maintain Project Resource Search Index job set to update the resources that appear on the Search and Evaluate Resources page when a resource manager searches for resources to fulfill project resource requests. The job set consists of a set of processes that facilitate efficient and rapid searches for qualified resources.
Resource managers can't search for resources or view resource details if the search index isn't available for a project resource request with qualifications or keywords. For project resource requests without qualifications and keywords, resource managers can search for and evaluate resources based on resource availability even if the search index isn't current or available.
Caution: The search index isn't available if the Maintain Project Resource Search Index job set process fails, or while the process is running.
NEW QUESTION 38
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.)
- A. The Bill-To-Customer dimension does not apply to Invoice measures, but the Contract and Contract Line dimensions apply only to Revenue and Invoice measures.
- B. The Contract and Contract Line dimensions apply only to Invoice measures.
- C. The Bill-To-Customer dimension applies only to Revenue and Invoice measures.
- D. The Bill-To-Customer dimension applies to Invoice measures, and the Contract and Contract Line dimensions apply to Revenue and Invoice measures.
- E. The Bill-To-Customer dimension applies only to Invoice measures, but the Contract and Contract Line dimensions do not apply to Revenue and Invoice measures.
Answer: D
Explanation:
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/faopm/subjectareas.html#Projects__Cross_Subject_Area_Analysis__Real_Time_SA_20 Analyze real-time information on project performance, including budgets, forecasts, costs, commitments, revenue, and invoices.
This subject area analysis allows cross subject area analysis between Funding, Invoices, Revenue, Budget, forecasts, Costs areas.
NEW QUESTION 39
A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)
- A. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
- B. Dr Accounts Receivables 40,000Cr Revenue 40,000
- C. Dr Unearned Revenue 40,000Cr Revenue 40,000
- D. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
Answer: A
NEW QUESTION 40
You have four resources in your organization: P, Q, R, and S.
Resource P - Project or resource calendar is active.
Resource Q - Project resource request dates are within the project or resource calendar effective dates.
Resource R - Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S - Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)
- A. Q
- B. S
- C. R
- D. P
Answer: C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/evaluate-and-assign-resources.html#OAPEM916359 Topic - Resource Available Capacity Score: How It's Calculated Calendars Used to Calculate Resource Available Capacity Scores How the Resource Available Capacity Score Is Calculated
NEW QUESTION 41
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