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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Which two statements are true about the borrowed and lent cross charge method?

A) You must set up a contract business unit to use this method.
B) This method allows you to process cross charge transactions across legal entities.
C) Internal Invoice is not generated with this method.
D) This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations

2. Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

A) Project Types
B) Project Class Categories
C) Expenditure Types
D) Project Templates
E) Work Type

3. Select two correct statements about project classifications on a template.

A) When a project is created from a template, the required project classifications must be entered.
B) Project class category in a project classification must be associated with a Set Code.
C) Project Classification is a mandatory field on a project template.
D) Set Code is not required for a project class category in a project classification.

4. Which two statements are true about the cross-charge method, Borrowed and Lent?

A) This method creates a formal internal invoice.
B) You must set up the contract business unit to use this method.
C) Costs or revenue are shared based on transfer price rules with this method.
D) This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.

5. You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors. Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

A) There is no expenditure organization information available on the distribution set line.
B) There is no expenditure item date information available on the distribution set line.
C) The account code combination is not available on the distribution set line.
D) There is no expenditure type information available on the distribution set line.

Solutions: