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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

A) target percentage and spread evenly
B) prorate
C) target percentage and prorate
D) spread evenly

2. Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)

A) Persons with whom it is still pending approval
B) Prior actions
C) Date-wise updates to the document
D) Pre-approval activities
E) Person assigned for approval

3. Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?

A) Project Control
B) Project Costing
C) Project Billing
D) Enterprise Contract Management

4. A consulting services company is currently working on a business transformation 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 the period, 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 Unearned Revenue 40,000Cr Revenue 40,000
C) Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
D) Dr Accounts Receivables 40,000Cr Revenue 40,000

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

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

Solutions: