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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q122-Q127):

NEW QUESTION # 122
Identify three correct statements about project types. (Choose three.)

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

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 # 123
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

A. Bulk
B. Detail
C. Summary
D. Incremental

Answer: D

Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM177674 Settings That Affect Performance Data Summarization You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select one of the summarization methods from the following table:
Summarization Method
Usage
Incremental
Summarizes new transactions that are yet to be summarized
Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction flow.
Do not use this summarization method when you run the Update Project Performance Data Without Producing Report process unless you are advised to do so.
Resource breakdown structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.

NEW QUESTION # 124
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, free-form, project-based" and "sell intent, item, project-based".
B. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
C. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
D. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".

Answer: C

Explanation:
To sell items not tracked in inventory, inventory items, and services, you can create two contract lines with different line types. The line type of "sell intent, free-form, project-based" allows you to sell any item or service without specifying the item number or quantity. The line type of "sell intent, item, project-based" allows you to sell inventory items by specifying the item number and quantity. Both line types are project-based, meaning they are linked to a project and generate revenue based on project performance. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-contracts.html#OAPFM2355835

NEW QUESTION # 125
Which three file-based data imports are available for use in Oracle Project Portfolio Management Cloud?

A. Project Billing Events
B. Project Tasks
C. Capital Rate Schedule
D. Project Templates
E. Project Budgets

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oefpp/toc.htm

NEW QUESTION # 126
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

A. The US and UK business units are linked to different ledgers than the China business unit.
B. The JOB role relevant to the China business unit is not assigned to the project accountant.
C. The project accountant is not assigned to the external role that grants access to the China business unit.
D. The China business unit is associated with a different legal entity than the US and UK business units.

Answer: C

Explanation:
To access transactions for a business unit, the project accountant needs to be assigned to an external role that grants access to that business unit. The external role is defined by the security profile of the business unit and can be different for each business unit. The job role and the legal entity are not relevant for accessing transactions for a business unit. The ledger is relevant for accounting transactions, but not for project transactions. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355903

NEW QUESTION # 127
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Certified 1Z0-1057-23 Questions & Latest 1Z0-1057-23 Exam Pass4sure

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q122-Q127):

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