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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

A) Posted
B) Hold
C) New
D) Post

2. Your client has decided to import time cards into Project Costing from Oracle Fusion Time and Labor. They have a requirement to make adjustments to time card entries whenever needed.
In which work area will the employees and contingent workers be able to modify their time cards?

A) Time
B) Asset
C) Cost
D) Both Time and Cost

3. You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement.

A) Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
B) Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.
C) A document entry such as straight time must be enabled for cross-charge transactions.
D) Transfer price basis must be Raw Cost and calculation method must be Basis Only.

4. A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

A) Dr Accounts Receivables 10000 -
B) Dr Accounts Receivables 10000 -
C) Dr Deferred Revenue 10000 -
D) Dr Unbilled Receivables 10000 -

5. Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values.

A) The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
B) For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
C) The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.
D) For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

Solutions: