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Project Financials Management Cloud Oracle Project Management Cloud 2024 Implementation Professional

Oracle Project Management Cloud 2024 Implementation Professional

Last Update Apr 2, 2025
Total Questions : 126

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Questions 2

A consulting services company is currently working on a business transformation project foryour 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:

Questions 2

and accounting entry for invoice is:

Questions 2

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

Options:

A.  

Dr Deferred Revenue 10000 -

Cr Unbilled Receivables 10000

B.  

Dr Accounts Receivables 10000 -

Cr Unbilled Receivables 10000

C.  

Dr Unbilled Receivables 10000 -

Cr Accounts Receivables 10000

D.  

Dr Accounts Receivables 10000 -

Cr Revenue 10000

Discussion 0
Questions 3

You are now the project manager of a newly created implementation project. Which two items arenotpart of managing an implementation project?

Options:

A.  

Assign tasks to various users who are responsible for managing setup data.

B.  

Monitor the progress of completing setup tasks.

C.  

Select the offering you want to implement.

D.  

Generate a list of setup tasks.

E.  

Enable optional functional areas and features by opting in.

Discussion 0
Questions 4

When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

Options:

A.  

New

B.  

Hold

C.  

Posted

D.  

Post

Discussion 0
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Questions 5

Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)

Options:

A.  

Person assigned for approval

B.  

Prior actions

C.  

Pre-approval activities

D.  

Date-wise updates to the document

E.  

Persons with whom it is still pending approval

Discussion 0

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