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Oracle Project Management Cloud 2021 Implementation Essentials Sample Questions:

1. Whichthreefile-based data imports are available for use in Oracle Project Portfolio Management Cloud?

A) Project Billing Events
B) Project Tasks
C) Project Templates
D) Project Budgets

2. Your customerhas 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 willbe populated in such invoices? (Choose two.)

A) Project accounting date is the same as the original invoice date.
B) Project accounting date is the first day of the first open project accountingperiod.
C) Project accounting date is the last day of the open project accounting period.
D) Accounting date is the first day of the first open accounting period.
E) Accounting date is the same as the original invoice date.

3. You want tocreate a few project roles so as to restrict accessin the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (

A) Project Accountant- Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
B) Project Executive- Security basedon Project Hierarchy
C) Project Billing Specialist- Security based on Contract BU
D) Project Team Member- Security based on Project Assignment
E) Project Manager- Security based on Project Assignment

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

A) Transfer Project
B) View Project Progress
C) ManageProject Plan Resource Assignment
D) Allocate Project Expense

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 Unearned Revenue 40,000Cr Accounts Receivables 40,000
C) Dr Accounts Receivables 40,000Cr Revenue 40,000
D) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000

Solutions: