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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. 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) bill plan
D) invoice method
E) billing events

2. Which application would you use to map application roles to external roles? (Choose the best answer.)

A) Security Console
B) Oracle Identify Manager
C) BPM Work List
D) Authorization Policy Manager

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 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

4. Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

A) Project Contract-based billing
B) Contract Team Connect
C) Project Contract Collection Center
D) Project Contract-based costing

5. Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accountingclose cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

A) Bell Curve
B) Back Loaded
C) Even
D) S-Curve
E) Daily Spread Basis

Solutions: