Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the
best answer.)
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)
You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense
is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC)
amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)
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.)
Your customer has a requirement to import and process third-party transactions that are "costed" and "accounted".
Which configuration option needs to be set satisfy the requirement? (Choose the best answer.)
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the
process completes successfully but without any billing, and does not provide any error logs.
The program's processing summary is as follows:
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.)
You have projects and tasks defined with transaction controls, which does not allow certain types of charges to the project. Your business needs to create invoices
in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that
these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors.
Identify the reason why the project transaction controls are not applied. (Choose the best answer.)
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the
line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to
the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)