Question 1

Select two correct statements about project classifications on a template. (Choose two.)

Options :

A : Set Code is not required for a project class category in a project classification.

B : Project Classification is a mandatory field on a project template.

C : When a project is created from a template, the required project classifications must be entered.

D : Project class category in a project classification must be associated with a Set Code.

Answer: A,C

Question 2

Your business user has created a purchase order (PO) that has the following attributes:Accrue at Receipt = YesMatching Option = 2 wayReceipt Close Tolerance = 100%After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matchingto the PO. The user now runs Create Accounting for Receiving Transactions and then the “Import and ProcessCost transactions” ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as “OraclePayables”. The user notices that there is no cost transferred to the projects. Identify two reasons for thisproblem. (Choose two.)

Options :

A : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.

B : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.

C : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.

D : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.

Answer: B,C

Question 3

You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations. What will be your recommendation?

Options :

A : Define One Business Unit and Two Project Units

B : Define Two Business Units and Two Project Units

C : Define One Business Unit and Three Project Units

D : Define Two Business Units and One Project Unit

Answer: A

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

Options :

A : Dr Deferred Revenue 10000Cr Unbilled Receivables 10000

B : Dr Accounts Receivables 10000Cr Unbilled Receivables 10000

C : Dr Unbilled Receivables 10000Cr Accounts Receivables 10000

D : Dr Accounts Receivables 10000Cr Revenue 10000

Answer: C

Question 5

As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workersWhich three are parameters that are based on which the system identifies the new resources?

Options :

A : Department

B : Project Unit

C : Jobs

D : Business Unit

E : Organization

Answer: A,C,D

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