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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Whichthreesetups can be configured by using Rapid Implementation for Project Financial Management Applications?

A) Expenditure Types
B) Departments
C) Project Templates
D) Project Types

2. You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitmentfor $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)

A) 600
B) 1000
C) 900
D) 800

3. A consulting services company is currently working on a businesstransformation 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 theperiod, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

A) Dr Unearned Revenue 40,000Cr Revenue 40,000
B) Dr Accounts Receivables 40,000Cr Revenue 40,000
C) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
D) Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000

4. Identify theattribute of a project typethatdetermines if expenditure items are billable, and theamount type to be used as the basisfor transfer pricing. (Choose the best answer.)

A) worktype
B) expenditure type
C) cost type
D) event type

5. Your customer has a requirement toimport and process third-party transactions that are "costed" and
"accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)

A) Document Entry Options
B) Import Options
C) Transaction Source Options
D) Document Options

Solutions: