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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices?

A) Accounting date is the same as the original invoice date.
B) Project accounting date is the same as the original invoice date.
C) Accounting date is the first day of the first open accounting period.
D) Project accounting date is the first day of the first open project accounting period.
E) Project accounting date is the last day of the open project accounting period.

2. Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory
Inventory items
Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)

A) Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
B) Create two contract lines with a line type each of "sell intent, free-form, project-based" and "sell intent, item, project-based".
C) Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
D) Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".

3. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction''s business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)

A) assignment to multiple sets; common values allowed
B) assignment to one set only; no common values allowed
C) assignment to multiple sets; no common values allowed
D) assignment to one set only with common values

4. You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations.
What will be your recommendation?

A) Define One Business Unit and Three Project Units
B) Define One Business Unit and Two Project Units
C) Define Two Business Units and Two Project Units
D) Define Two Business Units and One Project Unit

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

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

Solutions: