Oracle E-Business Suite R12 Project Essentials Set 1

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Oracle E-Business Suite R12 Project Essentials Set 1

Your customer has set up a contract project with a distribution rule Work/Work. Identify three setup options to:

Setup revenue categories as required. Definerevenue accountsatthe revenue category setup level. Define AutoAccounting rules to derive revenue account based on revenue category. Definegrouping option byrevenuecategoryon the invoice format and attach the invoice format at theproject type level. Define grouping option by revenue category on the project type.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Identify two predefined transaction sources that Oracle Projects uses to import the transactions generated within Oracle Projects.

Oracle Interproject Supplier Invoices Oracle Projects Intercompany Supplier Invoices Project Allocations Capitalized Interest Oracle Interprojed Customer Invoices

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Which two options are not task attributes for financial task structure?

Task Type Service Type Work Type Chargeable Flag Scheduled Dates

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Which three types of People Resources does Oracle Projects support?

Team Roles Straight Time Jobs Item Named Person

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

Identify three adjustment actions that require submission of Distribute costs program to process the adjustments?

Capitalizable to Non-Capitalizable Release Hold Split Transfer Recalculate Revenue

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

A customer has gone into bankruptcy and is unable to pay their bills. This means that the project revenue is now overstated. How can the customer reduce the revenue on the project to accurately reflect the amount
of collectable revenue?

Create a revenue write-off event forthe uncollectable element andinterface to General Ledger. ✘ Create a negative funding line and assign to the project thus reducing its revenue. ✘ Createacost adjustment on the project using preapproved batches. ✘ Createa credit memo in Oracle Projects and interface to Accounts Receivable. ✔ Entera transaction control against the expendituretypes and regenerate the draft invoice. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

What must be defined to enable a company to use an organization for a straight time expenditure?

Define the organization with the Following:1. Add Cost Centreas the Organization type.2. Add an
organization classification ofHR Organization.3. Add the organizationto anorganization hierarchy. ✘ Define the organization with the Following:1. Add the organization classifications HR Organization andProjectExpenditure/Event2.Add the organization to anorganizationhierarchy3. Add the organization
hierarchy to the appropriate Oracleprojectimplementation option setting ✘ Define the organization with the following:1.Add the organization classificationsProject/Task OwningOrganization and ProjectExpenditure/Event Organization.2. Add the organization to an organization
hierarchy.3.Add the organization hierarchy to the appropriate Oracle project implementation option
setting. ✘ Define the organization with the following:1. Add the organization classifications Project Expenditure/Event Organization.2. Add the organization to an organization hierarchy.3.Add the organization
hierarchy to the appropriate Oracle project implementation option setting. ✔ Define the organization with the Following:1. Add the organization classifications HR Organization andProjectExpenditure/Event2. Add the organization to an organization hierarchy.3. Define Organization
Labor Costing Rules. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

A customer has two operating units: US and Ireland. A project that is set in the Ireland operating unit requires the services of employees from the US operating unit. Identify three mandatory steps that must be completed for the employees in the US to enter their time on the project and for costs to be successfully distributed.

Set up Internal Billing Implementation optionsin US and Ireland. Define providercontrolsin US and receiver controlsin Ireland. Setup a new transaction source to receive Intercompany transactions in Ireland. For theprojectinIreland, select "Allow Cross Charges to all Operating Units within Legal Entity". For the projectin Ireland,set up transaction controls to allow charges from other operating units.

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

A project is undertaken for a customer where all labor costs are non-billable, and Non-Labor costs are billable if the accumulated costs incurred are greater than $10k. How can Oracle Projects be implemented
to support this?

Use transaction controls to restrict billing to Non-Labor elements and to calculate the bill amounts on
Non-Labor. ✘ Use transaction controls tobilling Non-Labor elements, capture the value on the project, and then usethe Non-Labor billing extension to calculate when an activity is billable. ✘ Create an agreement and funding for $10k only, and fund only those tasks on a project where youestimate to incur costs of $10k or more. ✘ Use the cost-to-cost billing extension to build billing rules to meet the requirement. ✔ Use the cost accrual extension. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

10.

An organization posts project costs to the balance sheet as they are incurred. Each month they recognize project revenue on each project.
Select the option that ensures that costs are credited from the balance sheet and debited to profit and loss as revenue is recognized.

Use events for project revenue and use GL journals to carry outthe relevant account postings. ✘ Implement a projectrevenue extensionwithappropriate event types and AutoAccountingdefinition. ✘ Usemiscellaneoustransactions to generate revenue with the appropriate AutoAccountingdefinition. ✘ Use preapproved batches with a class type of "Work in Process" to generate revenue withtheappropriate AutoAccounting definition. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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