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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)

A) Effort
B) Manual Entry
C) Remaining Plan
D) Cost

2. You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement?

A) Project Manager - Security based on Project Assignment
B) Project Accountant - Security based on BU for Assets, Expenditure BU for Costs and Contract BU for Revenue
C) Project Executive - Security based on Project Hierarchy
D) Project Team Member - Security based on Project Assignment
E) Project Billing Specialist - Security based on Contract BU

3. 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.)

A) Dr Unearned Revenue 40,000Cr Revenue 40,000
B) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
C) Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
D) Dr Accounts Receivables 40,000Cr Revenue 40,000

4. Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

A) Deploying
B) Maintaining
C) Planning
D) Opting In
E) Setting Up

5. Which two are the workflows in Project Financial Management?

A) Expenditure Item Adjustment
B) Asset Line Generation
C) Project Status Change
D) Burden Cost Recalculation
E) Capital Interest Calculation

Solutions: