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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q130-Q135):

NEW QUESTION # 130
Identify three correct statements about project types. (Choose three.)

A. Project type can be used as a source in subledger accounting.
B. Project type can be associated with multiple project units.
C. Project type can be enabled for both billing and capitalization.
D. Classifications can be assigned at project type.
E. Summarization options can be specified at project type.

Answer: C

Explanation:
Project type is a classification that defines the common attributes and processing options for projects. Some of the correct statements about project type are:
Project type can be used as a source in subledger accounting. This allows you to create accounting rules based on the project type attribute.
Summarization options can be specified at project type. This allows you to control how the project transactions are summarized for reporting and performance purposes.
Project type can be associated with multiple project units. This allows you to share the same project type across different business units or organizations. Project type cannot be enabled for both billing and capitalization, as these are mutually exclusive options. Classifications cannot be assigned at project type, but at project or task level. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355971

NEW QUESTION # 131
In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

A. expenditure type exclusions on the Capitalized Interest rate name
B. expenditure items whose costs are applied to a single asset or multiple assets
C. common costs on the project/task
D. expenditure type exclusions on the Capitalized Interest rate schedules
E. expenditure items whose cost spreads across multiple assets that are capitalized

Answer: E

Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm

NEW QUESTION # 132
Select two correct statements about project classifications on a template.

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

Answer: A

Explanation:
Project classifications are used to group and report on projects based on different criteria. A project template can have one or more project classifications, which can be either required or optional. When a project is created from a template, the required project classifications must be entered, while the optional ones can be left blank. A project class category in a project classification must be associated with a set code, which determines the list of values for the project class. Project classification is not a mandatory field on a project template, but it is recommended to use it for reporting purposes. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-plans.html#OAPFM2355961

NEW QUESTION # 133
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

A. work type
B. expenditure type
C. cost type
D. event type

Answer: D

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what's a work type?) In billing, you can use work types to classify work for the following purposes:
To determine the default billable status of expenditure items.
To classify cross-charge amounts into cost and revenue for cross-charge transactions.
Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes.
When you create or import expenditure items, the default work type is inherited from the associated task. Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.

NEW QUESTION # 134
Your customer has separate organizations to maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement.

A. Project Organization Classification
B. Project Type
C. Organization Tree
D. Project Accounting Business Function
E. Business Unit

Answer: A

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1225328.htm

NEW QUESTION # 135
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