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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Identify the valid approval group type applicable to Oracle Project Financial Management Cloud. (Choose the best answer.)

A) Static
B) Dynamic
C) Flexfield
D) Position
E) Job

2. Your customer has separate organizationsto maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

A) Organization Tree
B) Project Type
C) Business Unit
D) Project Accounting Business Function
E) Project Organization Classification

3. Which setup option is common to both financial and project plan types?

A) Manage the options for creating control budgets in Oracle Fusion Budgetary Control.
B) Enable the entry of plan amounts in currencies other than the project currency.
C) Identify whether the plantype is the default selection when you create budget or forecast versions.
D) Enable the use of a workflow for managing budget or forecasting status changes.

4. 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) This method creates a formal internal invoice.
C) This method creates accounting entries that move an amount equal to the transfer price between theprovider and receiver organizations within a legal entity.
D) You must set up the contract business unit to use this method.

5. A project administrator is trying toassign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

A) The employee is not assigned to a department.
B) Project roles are not assigned in the project.
C) The employee is not assigned to the project-owning organization.
D) Theemployee is not assigned with a supervisor.

Solutions: