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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer has the following setups onthe project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, youperform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of
01-Jul-2016.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would thecorrect behavior of the application be after these actions? (Choose the best answer.)

A) After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
B) After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
C) Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
D) After the creation andsaving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.

2. You haveprojects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that thesedistribution set lines are not validated against the project transaction controlsand you are allowed to save it without any validation errors. Identify the why the project transaction controls are not applied. ( Choose the best answer.)

A) The account code combination is not available on the distribution set line.
B) There is no expenditure organization information available on the distribution set line.
C) There is no expenditure type information available on the distribution set line.
D) There is noexpenditure item dateinformation available on the distribution set line.

3. 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) Costs or revenue are shared based on transfer price rules with this method.
C) This method creates a formal internal invoice.
D) You must set up the contract business unit to use this method.

4. Select two correct statements about project classifications on a template. (Choose two.)

A) Project Classification is a mandatory field on a project template.
B) When a project is created from a template, the required project classifications must be entered.
C) Set Code isnotrequired for a project class category in a project classification.
D) Project class category in a project classification must be associated with a Set Code.

5. Your customerhas different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates willbe populated in such invoices? (Choose two.)

A) Accounting date is the same as the original invoice date.
B) Project accounting date is the first day of the first open project accountingperiod.
C) Project accounting date is the last day of the open project accounting period.
D) Accounting date is the first day of the first open accounting period.
E) Project accounting date is the same as the original invoice date.

Solutions: