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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. A consulting services company is currently working on a business transformation 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 the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

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

2. Which three tools are available for accessing REST APIs?

A) cURL
B) Oracle Transactional Business Intelligence
C) Web Browser
D) Programming Language

3. A project administrator is trying to assign a team member for a project but cannot find the person in the team member list on the Project Definition page. What is the reason for this problem? (Choose the best answer.)

A) The employee is not assigned to a department.
B) Project roles are not assigned in the project.
C) The employee is not assigned to the project-owning organization.
D) The employee is not assigned with a supervisor.

4. You want to create a few project roles so as to restrict access in 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 Billing Specialist - Security based on Contract BU
B) Project Manager - Security based on Project Assignment
C) Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
D) Project Team Member - Security based on Project Assignment
E) Project Executive - Security based on Project Hierarchy

5. Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

A) prorate
B) target percentage and prorate
C) target percentage and spread evenly
D) spread evenly

Solutions: