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Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

1. Choose the correct statement related to the project start and end dates.

A) In an auto roll up of task dates, the project start date does not coincide with the latest task finish date.
B) In an auto roll up of task dates, the project start date does not coincide with the earliest task.
C) If the task dates roll up the task hierarchy automatically, then the project dates can be edited.
D) If the task dates roll up the task hierarchy automatically, then the project dates cannot be edited.

2. Identify two statements that are true for Fusion Project Portfolio Management in relation to the Calendar and period management.

A) By using the option of "Maintain common accounting and project accounting periods" you increase the period maintenance activity during the month end.
B) Accounting periods are used to track budgets and forecasts, summarize project amounts for reporting, and track project status.
C) You can use the same calendar for both your project accounting and accounting.
D) You can maintain the statuses of the periods independently, even in spite of using the same calendar.

3. In one of your implementations, you are required to synchronize the Fusion Project Information with Microsoft Project. During synchronization, you realize that the default settings are configured so that the project attributes are transferred. Identify four attributes that are imported into Microsoft Project.

A) task structure
B) actual quantities and costs
C) task attributes
D) resources
E) scheduling and progress

4. CORRECT TEXT
Select the correct option to fill in the blank below.
If revenue is recognized before billing, the accounting entry that gets triggered would be _________.

A) Option D
B) Option C
C) Option B
D) Option A

5. Your company has set up the burdening functionality to capture the overhead costs incurred on all projects. It has been decided that these overhead costs will be stored as a separate expenditure item performed to set up the required expense account?

A) Set up the burden cost clearing account SLA.
B) Set up the account at the expenditure category defined for the burden transaction.
C) Set up the total burdened cost credit SLA.
D) Set up the burden cost account SLA,
E) Set up the account at the expenditure type defined for the burden transaction.

Solutions: