Oracle Project Portfolio Management Cloud 2018 Implementation Essentials

Question 1

Your customer has 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 will be populated in such invoices? (Choose two.)

A. Accounting date is the same as the original invoice date.

B. Accounting date is the first day of the first open accounting period.

C. Project accounting date is the first day of the first open project accounting period.

D. Project accounting date is the same as the original invoice date.

E. Project accounting date is the last day of the open project accounting period.

Correct Answer: B,D

Question 2

Your customer accounts revenuebased on,product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category
"Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category.Identify the reason for this problem. (Choose the best answer.)

A. Funding source class category is not enabled for "available as accounting source".

B. Funding source class category is enabled for "available as accounting source".

C. Funding source class category is assigned to all project types.

D. Product class category is not enabled for "available as accounting source".

Correct Answer: A

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Question 3

Your customer wants a team member who is assigned to a project to beable to create and submit a forecast, butnot to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

A. Project Administrator

B. Project Application Administrator

C. Project Manager

D. Project Accountant

Correct Answer: A

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Question 4

Which two privileges are assigned to the Project Plan Management duty in Security Reference Implementation? (Choose two.)

A. Manage Project Plan Resource Assignment

B. View Project Progress

C. Transfer Project

D. Allocate Project Expense

Correct Answer: A,B

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Question 5

You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

A. As Incurred

B. Percent Complete

C. Rate Based

D. Amount Based

Correct Answer: D

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Question 6

You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem. (Choose two.)

A. Unaccounted transactions are not imported.

B. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.

C. Unaccounted transactions have not been swept to the next period.

D. Pending burden summarization items have not been processed.

E. The corresponding Oracle Payables Cloud accounting period has not been closed.

Correct Answer: B,C

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Question 7

You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)

A. On Hold > Pending Acceptance > Active

B. On Hold > Pending Approval > Active

C. Pending Approval > Pending Acceptance > Active

D. Pending Acceptance > Pending Approval > Active

Correct Answer: C

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Question 8

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. Enable the use of a workflow for managing budget or forecasting status changes.

C. Identify whether the plan type is the default selection when you create budget or forecast versions.

D. Manage the options for creating control budgets in Oracle Fusion Budgetary Control.

Correct Answer: A

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Question 9

You are implementing Project Portfolio Management (PPM) for a professional services firm. The firm rents multiple buildings for its operations. At the end of each month, they review the rent expense for the month and want to allocate the rental cost to all the projects and tasks that are executed by associates in each of the buildings. The source amounts must be proportionally allocated to the tasks based on the raw costs of the tasks from the previous month.Considering that all these costs are in General Ledger, what three allocation setups should you complete in PPM? (Choose three

A. Allocate rental costs once each accounting period by using the "spread evenly" allocation method.

B. Allocate to all eligible tasks and prorate the allocation by thetotal actual raw costaccrued for each task during theprevious accounting period

C. Allocate rental costs once each accounting period by using the"full" allocation method.

D. Define allocation basis by using Actual Amounts with aperiod-to-date amount class.

E. Define allocation basis by using Actual Amounts with a project-to-date amount class.

Correct Answer: B,C,D

Question 10

Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this.(Choose the best answer.)

A. Cascade change to the finish date.

B. Do not cascade date changes.

C. Cascade change to the start date and the finish date.

D. Cascade change to the start date.

Correct Answer: D

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Oracle Project Portfolio Management Cloud 2018 Implementation Essentials - 1Z1-1008 Exam Practice Test

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