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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

A) expenditure items whose cost spreads across multiple assets that are capitalized
B) expenditure type exclusions on the Capitalized Interest rate schedules
C) expenditure type exclusions on the Capitalized Interest rate name
D) common costs on the project/task
E) expenditure items whose costs are applied to a single asset or multiple assets

2. You havedefined two expenditure types, but they are not available for selection when youenter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

A) The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
B) The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
C) The two expenditure types are not assigned to the reference data set that is assigned to theproject unitin which the transaction is performed.
D) The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.

3. Your client uses Resource Breakdown Structures (RBS) and Resource Mapping to associate amounts to resources. After making some changes to the resources at project level, forecasts are regenerated. After reviewing the cost amounts associated with the resources, you suspect that the cost association does not match your client's expectations. Identify two valid rules based on which cost association works. (Choose two.)

A) If one branch contains a user-defined resource type, precedence is given to the branch that contains a user-defined resource type.
B) If there is only one level in RBS to which the transaction maps, the cost amounts are mapped to that level.
C) If the sum of precedence numbers is the same for more than one branch, precedence is given to the branch with thelowest number at the lowest level.
D) If a transaction maps to more than one level, Oracle PPMCloud sums the precedence numbers for all resource type in the branch and gives precedence to the resource element in the branch with the highest sum.

4. Whichthreeare true of what you can do in the Project Requirements work area?

A) Manage your list ofbacklogitems.
B) Create project tasks forbacklogitems.
C) Create an execution project.
D) Organizebacklogitems by requirements.
E) Create an implementation project.

5. 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 Revenue 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 Accounts Receivables 40,000

Solutions: