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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:
1. 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 Accounts Receivables 40,000
B) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
C) Dr Accounts Receivables 40,000Cr Revenue 40,000
D) Dr Unearned Revenue 40,000Cr Revenue 40,000
2. Identify three correct statements about the integration of Primavera P6 Enterprise Project Portfolio Management and Oracle Project Portfolio Management Cloud. (Choose three.)
A) Project plans and progress flow from Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
B) Projects and task definitions flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
C) Event completion flowsfrom Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
D) Summarized actual quantity and cost flowfrom Oracle Project Portfolio Management Cloud to Primavera P6 Enterprise Project Portfolio Management.
E) Billing events flow from Primavera P6 Enterprise Project Portfolio Management to Oracle Project Portfolio Management Cloud.
3. You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in MicrosoftProjects. Identify three conditions that must be met forexporting milestone tasks.( Choose three.)
A) lowest-level tasks set up with zero duration
B) lowest-level tasks set up with non-zero duration
C) only one labor resource assignment with 0 effort
D) percent work complete values of 0 or 100 percent
E) only one labor resource assignment with 100 effort
4. As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. Identify the reason for this problem. (Choose the best answer.)
A) All expenditure items charged to the task use the new burden schedule.
B) Only new expenditure items charged to the task use the new burden schedule; expenditure itemsprocessed earlier cannot be reprocessed.
C) You can enable automatic reprocessing of expenditureitems processed before the burden schedule change.
D) Only new expenditure items charged to the task use the new burden schedule; expenditure items processed earlier can be manually marked for reprocessing.
5. Which two statements are true about the cross-charge method, Borrowed and Lent?
A) This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
B) You must set up the contract business unit to use this method.
C) This method creates a formal internal invoice.
D) Costs or revenue are shared based on transfer price rules with this method.
Solutions:
Question # 1 Answer: B | Question # 2 Answer: B,C,D | Question # 3 Answer: A,C,D | Question # 4 Answer: D | Question # 5 Answer: A,D |