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Q31. A customer is planning to upgrade from 11/to R12 to use Subledger Accounting (SLA). Identify the three options available to the customer. 

A. Configure SLA without using the existing AutoAccountingsetup.SLAgenerates accountingcombinations without AutoAccounting. 

B. Continue to use the existing AutoAccounting setup. SLAuses the default flexfield valuesgenerated byAutoAccounting. 

C. Define alternative accounting rulesin SLA to overwrite the defaultvalues provided byAutoAccounting. 

D. Use the existingAutoAccountingsetup at the point of upgrade. Evaluate the benefits ofSLA and migrate to SLA when and if beneficial. 

E. Use the existingAutoAccountingsetup only. SLA is not applicable to Projects because Oracle Projects hasAutoAccounting. 

Answer: A,C,E 

Explanation: C:View Accounting Details 

With the integration to Oracle Subledger Accounting, you now have the option to define account derivation rules within Oracle Subledger Accounting that will replace the default accounts generated by the Oracle Projects AutoAccounting feature. 

E:Account Generation Rules During the upgrade, Oracle Grants Accounting creates default accounting definitions that allow the system to continue using existing AutoAccounting rules without additional setup steps. You may choose to create your own accounting definitions using Accounting Method 

Q32. In a manufacturing company, there is a need to define 50 different jobs for engineers in Human Resources. For those 50 jobs, Oracle Projects has only 20 equivalent jobs for Billing. 

What functionality do you use to link these Human Resources and Projects jobs? 

A. Job Groups 

B. Job Families 

C. Job Mapping 

D. JobLevels 

E. Job Hierarchy 


Explanation: Organizations within your enterprise are not required to use the same job definitions. You can define job groups for specific purposes and define unique jobs for each group. You can then map a job from one group to a job in another group. For example, the job titles you need for your European operating units may be different from the job titles you need for your U.S. operating units. For global projects you can define a global job set and map your European and U.S. jobs to the appropriate global jobs. These global jobs can then be used by your global projects to provide accurate and consistent billing and reporting. 

Reference:Oracle Projects Fundamentals,Jobs Overview 

Q33. What type of project will a company require to use Organization Forecasting? 

A. contract project 

B. Administration Project C. Organization Planning Project 

D. capital project 

E. multi-function project 




*Compute Forecast Labor Revenue 

This process calculates the potential revenue of labor expenditure items based on established bill rates and markups. The expenditure items that the process selects are billable labor expenditure items charged to contract projects that have not yet been processed by the Generate Draft Revenue process. The items do not have to be approved to be processed for forecast revenue. 

Q34. A customer wants to make a new classification mandatory on all their new projects. Select the three options that could help them accomplish this. 

A. Define the classification as Mandatory in theClassification configuration. 

B. Define the classification as Mandatory in the Project Type configuration. 

C. Define the classification category to allow one code only. 

D. Define project status controls to disallow project status changes where classificationcategory codesare missing. 

E. Define theclassificationas Required on the appropriate project templates in the QuickEntry screen. 



Note: *You define project classifications to group your projects according to categories you define. A project classification includes a class category and a class code. The category is a broad subject within which you can classify projects. The code is a specific value of the category. 

*(see step 3 below)Defining class categories and class codes 

To define class categories and class codes: 

1.Navigate to the Class Categories and Codes window. 2.Enter a unique Class Category name and a Description. 3.Specify whether the class category is mandatory for every project you define. Enable if all projects must have a code assigned to this class category. Do not enable if this class category is optional. If you do not enable this option, you cannot use this class category in your AutoAccounting rules. 4.Specify whether you want to use the class category in your AutoAccounting rules. Suggestion: For each project, you can use only one code with one class category for use with AutoAccounting rules. If an AutoAccounting category already exists within a particular date range, assign an end date to the existing AutoAccounting category and then create a new one. 5.Specify whether you want to allow entry of only one class code with this class category for a project. Note: Defining multiple class codes for one category for a project may affect reporting by class category; defining multiple class codes may cause your numbers to be included more 

than once. 

6.Enter the Name, Description, and Effective Dates for each class code. 

7.Save your work. 

Reference:Project Classifications (Class Categories and Class Codes) 

Q35. The Finance Director is concerned that some of his or her project revenue may be overstated. What it should be reviewed to understand the revenue position on each project? 

A. the ProjectStatus Inquiry to review the project's margin figures 

B. the expenditure inquiry to understand the project's revenue position against the invoice position 

C. the Project Summary unbilled receivables and unearned revenue report, which will identifyallunearned revenue 

D. the revenue reviewform to inquire on the amount of revenue raised and invoices raised on aproject 

E. theinvoice review form to inquire on the amount of revenueraised and invoices raised on project 


Explanation: Summarize Unbilled Receivables / Unearned Revenue Balances 

The summarize unbilled receivables/unearned revenue balances process creates summary data required for running the UBR and UER reports. The process creates summary balances for draft revenue and draft invoices in Oracle Projects. The process summarizes amounts for draft revenues for which the process PRC: Generate Revenue Accounting Events has successfully generated events. The process summarizes amounts for draft invoices that have been transferred, imported, and successfully tied back to Oracle Receivables. 

The unbilled receivables and unearned revenue transactions are summarized by project, by account segment, cost center, and GL period, deriving the summary amounts used in the reports. 

Q36. A new contract project is created for work for a customer by using event-based billing. A decision has been made to give a discount to the customer on a particular invoice. You want to apply this discount and reduce the invoice without affecting revenue. 

Which event type should be used to achieve this? 

A. Manual 

B. Invoice Reduction 

C. Deferred Revenue 

D. Automatic 

E. ScheduledPayment 


Explanation: Event Type Classification is: Scheduled Payment, Deferred Revenue, Invoice Reduction, Manual, or Automatic (for billing events only) 

Q37. Which statement is true about the use of the calendar assigned to a project? 

A. It is thedefault calendar assigned to resource requirements for the project. 

B. It isthedefault calendar for the automatic generation of cost forecasts in Financial Plans. 

C. It is the default calendar used for determining accounting periods. 

D. It is used in the determination of currency exchange rates. 

E. It is used by date-dependent system workflows. 


Explanation: When you implement Oracle Projects, you can select the calendar used to maintain PA periods. PA Period Type 

Specify a Period Type, which is used to copy Project Accounting Periods from the calendar associated with the ledger. If you copy PA Periods from GL, Oracle Projects copies all of the periods of this Period Type to set up the PA Periods. 

In a multiple organization environment, the PA Period Type is specified for each operating unit. 

Reference:Oracle Projects Implementation Guide,Implementation Options 

Q38. You have defined a Non-Labor resource "Mini Truck" with an expenditure type "Vehicle" that has a rate of $100. This resource is attached to three Non-Labor resource organizations: "Construction-East," "Construction-West," and "Construction-Central." 

How do you set up a rate of $150 for usage charges when the "Mini Truck" owned by "Construction-Central" is charged to a project? 

A. In the Project setup, enter a rate of $150 for"Construction-Central"in the organization overrides. 

B. In the Non-Labor resources setup, select the"Construction-Central"organization and enter a rate of $150. 

C. Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to the project. 

D. Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to"Construction-Central." 

E. Write custom code in Non-Labor cost override extension. 


Q39. Which two options are not task attributes for financial task structure? 

A. Task Type 

B. Service Type 

C. Work Type 

D. Chargeable Flag 

E. Scheduled Dates 

Answer: B,D 



Not A:Task types assign default attributes to tasks and control how Oracle Projects 

processes tasks. Task types specify basic task attributes. 

Not C:Work types represent a classification of work. You use work types to classify both 

actual and scheduled work. 

Not E:Oracle Projects uses start and finish dates to control processing, indicate estimated 

and scheduled duration, and serve as tools to evaluate project performance. 

The start and finish dates at the project level are: 

Actual: Actual dates when work on the project started and finished. You can use these 

dates to drive future timecard and earned value functionality. 

 (not E)Scheduled: Scheduled start and finish dates for the project. 

Target: The expected lifespan of the project. 

Estimated: A task manager's estimate of when work on the project will be started and 


Baseline: The baselined schedule 

Q40. Which three statements are correct about defining a cost budget for a project? 

A. You can enterbudget amount atthe project level, the top task level, or the lowest task level. 

B. Youcan enterbudget amount only at the lowest task level. 

C. You can enterbudget amountfora combination of lowest task and a labor resource. 

D. Youcan enterbudget amount only at the top task level. 

E. You can enterbudget amount for a combination of lowest task and a Non-Labor resource. 

F. You cannot enterbudget amount for a combination of lowest task and a Non-Labor resource. 

Answer: A,C,F 

Explanation: A:You can budget at the project, top task, or lowest task level. 


*When you create budgets and forecasts that do not use budgetary control and budget 

integration features, you can choose to enter budget and forecast amounts at any level of 

the financial structure by selecting one of the following lowest level planning level options: 


Top Task 

Lowest Task 

When you choose the Lowest Task option, you can enter amounts at all levels of the financial structure including top tasks, middle-level tasks, and lowest tasks. You can also enter amounts at multiple task levels within the same branch of the financial structure. Oracle Projects treats theamounts that you enter at each task level as incremental amounts that roll up into the total amounts for the project.