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NEW QUESTION # 29
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

• A. work type
• B. cost type
• C. event type
• D. expenditure type

Answer: A

Explanation:
Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277 (what's a work type?) In billing, you can use work types to classify work for the following purposes:
* To determine the default billable status of expenditure items.
* To classify cross-charge amounts into cost and revenue for cross-charge transactions.
Tip: To use work types to determine whether an expenditure item is billable you must set the profile option Work Type Derived for Expenditure Item to Yes.
When you create or import expenditure items, the default work type is inherited from the associated task.
Tasks, in turn, inherit work type values from parent tasks and ultimately from the project. Project types determine the default work type value for projects and project templates.

NEW QUESTION # 30
While creating a new project template, you notice that a default Asset Cost Allocation method is being automatically associated. Identify the source setup from which the default value is being inherited. (Choose the best answer.)

• A. project unit
• B. project organization
• C. project classification
• D. project type

Answer: D

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjf/define-project.
html#OAPJF220111
Asset Cost Allocation Methods
The asset cost allocation method determines how indirect or common costs incurred on a project are allocated to multiple assets.
You can specify an asset cost allocation method to enable Oracle Fusion Project Costing to automatically allocate unassigned asset lines and common costs across multiple assets. Unassigned asset lines typically occur when more than one asset is assigned to an asset grouping level.
Projects and project templates inherit a default asset cost allocation method from the associated project type.
You can override the default at the project level. If you use capital events to allocate costs, then you can also override the asset cost allocation method at the event level Asset Cost Allocation Methods The following table describes the available asset cost allocation methods.
Method
Basis of Cost Allocation
Actual Units
Number of units defined for each asset
Current Cost
Construction-in-process (CIP) cost of each asset
Estimated Cost
Estimated cost of each asset
Standard Unit Cost
Combination of the standard unit cost and the number of units defined for each asset Spread Evenly Equal allocation of cost to each asset

NEW QUESTION # 31
Which step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment?

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

Answer: D

Explanation:
The Deploying step within the functional setup manager helps you to move your verified setup data from the test environment to a production environment. This step allows you to export and import setup data across instances using spreadsheets or configuration packages. You can also compare and validate setup data across instances using reports and dashboards. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio- management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2356111

NEW QUESTION # 32
In your customer site, the capitalized interest calculation is implemented on their project types. Which option represents the costs considered in the interest calculation? (Choose the best answer.)

• A. expenditure items whose costs are applied to a single asset or multiple assets
• B. expenditure type exclusions on the Capitalized Interest rate name
• C. common costs on the project/task
• D. expenditure type exclusions on the Capitalized Interest rate schedules
• E. expenditure items whose cost spreads across multiple assets that are capitalized

Answer: A

Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic
/TopicId_P_988B43C997365159E040D30A68813832
https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49622/F1125377AN61D92.htm

NEW QUESTION # 33
Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category
"Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)

• A. Product class category is not enabled for "available as accounting source".
• B. Funding source class category is not enabled for "available as accounting source".
• C. Funding source class category is enabled for "available as accounting source".
• D. Funding source class category is assigned to all project types.

Answer: B

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation- configuration-define-types-and-categorizations.html#OAPFM222700 Topic - Manage Project Class Categories Setting Up Class Categories: Points to Consider Available as Accounting Source This option indicates if the class category is available as an accounting source so that Oracle Fusion Subledger Accounting can use the category to create mapping sets, account rules, journal line rules, and description rules.
Only one class category at a time is available as an accounting source in Oracle Fusion Subledger Accounting.
To change the class category that Oracle Fusion Subledger Accounting uses, deactivate the old class category and create a new one with a different date range.

NEW QUESTION # 34
You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)

• A. The organization is classified as a project unit.
• B. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
• C. The organization is not classified as a project expenditure organization.
• D. The organization is not classified as a project-owning organization.

Answer: B,C

Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf Chapter 3 - Define Project Organizations Page # 12 Topic - Selecting Organization Hierarchies for the Business Unit The following conditions are required for an organization to be eligible to be a project expenditure organization:
* You must assign the Project Expenditure Organization classification to the organization.
* The organization must belong to the hierarchy that you specify in the project implementation options for the business unit.

NEW QUESTION # 35
You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

• A. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
• B. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
• C. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
• D. The two expenditure types are not assigned to the reference data set that is assigned to the project- owning organization in which the transaction is performed.

Answer: C

Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 - Define Project Organizations Topic - Set Assignments and Project Data - How They Work Together (Page 29) Business Unit as Set Determinant Business units enable you to control and report on financial transactions, usually for specific geographical entities within the enterprise. For project management purposes, assign the Project Accounting business function to the business unit.
Business unit is a set determinant for the project-related reference data objects described in the following table.
Ref Data Object
Entities
Project Accounting Definition
Project Types
Project Rates
Project rate schedules
Project Unit as Set Determinant
Use project units to enforce consistent project management practices across your enterprise. Project unit is a set determinant for the reference data objects described in the following table.
Ref Data Object
Entities
Project Definition
Class codes, financial plan types, project plan types and project roles Project Transaction Types Expenditure types and work types You can only select class codes, plan types, roles, expenditure types and work types that are assigned to the same set as the project unit. To enable expenditure types and work types for use on projects owned by a project unit, assign the set associated with the Project Transaction Types reference data object to those entities

NEW QUESTION # 36
Your customer wants a project start date to cascade to the project tasks but does not want the finish date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)

• A. Cascade change to the start date and the finish date.
• B. Do not cascade date changes.
• C. Cascade change to the finish date.
• D. Cascade change to the start date.

Answer: D

Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-control- configuration-manage-financial-and-project-plan-types.html#OAPFM79055 Topic - Project Date Cascade Options Use the Cascade option choice list to determine whether your changes to project dates cascade to tasks.
Use the Basic Information region on the Edit Project Template page to select one of the following options:
* Do not cascade project date changes to tasks: Both start and finish dates are editable. However, you must ensure the following:
* The project start date is not later than the earliest task date.
* The project finish date is not earlier than the latest task date.
* Cascade project start date change to affected tasks: You can edit only the project start date.
* Cascade project finish date change to affected tasks: You can edit only the project finish date.
Do not cascade project date changes to tasks is the default value. You must select the cascade option each time you change the project dates, as your selection isn't saved for future date changes.
If you select to roll up planned dates for tasks or are using an external application for scheduling, then you can't modify the project start or finish dates.

NEW QUESTION # 37
Which three are part of using the Rapid Implementation for Project Financial Management Applications macro-enabled Microsoft Excel spreadsheet to enter setup data?

• A. Generate CSV files.
• B. Upload setup data.
• C. File Import and Export.
• D. Import Projects.
• E. Prepare setup data.

Answer: A,B,E

Explanation:
https://docs.oracle.com/applications/farel12/projectop_gs/OAPFM/OAPFM2264569.htm#OAPFM2159921 Configuring Rapid Implementation: Procedure Project application administrators can use the rapid implementation feature to set up the Project Financial Management offering. Use the Rapid Implementation for Project Financial Management Applications macro- enabled Microsoft Excel spreadsheet to enter setup data and generate the ProjectsWorkbook.zip. Upload this .
zip file to the Setup and Maintenance work area. When the upload completes, the offering is configured based on the setup information that you provide.
Perform the following steps to configure rapid implementation for the Project Financial Management offering:
* Prepare setup data.
* Generate CSV files.
* Upload setup data.
* Correct errors, if any, and reload the data.

NEW QUESTION # 38
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.)

• A. There is no expenditure type information available on the distribution set line.
• B. The account code combination is not available on the distribution set line.
• C. There is no expenditure organization information available on the distribution set line.
• D. There is no expenditure item date information available on the distribution set line.

Answer: D

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/18c/oapfm/project-costing- configuration-define-project-costing-integrations.html#OAPFM174886 How can I validate distribution sets for projects information?
Oracle Fusion Projects performs validations on Oracle Fusion Payables distribution sets for payables invoices at the time you create the actual distribution set lines. It validates the project and task number during the invoice validation.
Distribution sets are typically used on recurring transactions, and the associated project does not have transaction controls. When you create a distribution set in Oracle Fusion Payables, the distribution set line is not validated against the project transaction controls in Oracle Fusion Projects because you do not enter an expenditure item date, which is required for transaction control validation. The expenditure item date is not provided because you use the distribution sets for an indefinite period of time.

NEW QUESTION # 39
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

• A. Project Contract Collection Center
• B. Project Contract-based costing
• C. Project Contract-based billing
• D. Contract Team Connect

Answer: C

Explanation:
Reference http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.
pdf
(Page 2) Flexible Contract-Based Billing
Traditional contract and billing systems enforce a rigid relationship between a project and a funding agreement, which can constrain project setup and execution. Oracle Fusion Project Portfolio Management provides a highly flexible approach to project contract-based billing via a non-exclusive relationship between multiple projects and tasks with contracts and contract lines. This means that you will have full control over defining contracts, rates and limits, and when and how to recognize revenue and generate invoices while segregating the planning and execution of your projects.

NEW QUESTION # 40
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.)

• A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
• B. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
• C. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
• D. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
• E. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

Answer: E

Explanation:
Reference https://fusionhelp.oracle.com/helpPortal/topic
/TopicId_P_8718794B26A7BB93E040D30A688149A3

NEW QUESTION # 41
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:

and accounting entry for invoice is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

• A. Dr Accounts Receivables 10000 -
  Cr Unbilled Receivables 10000
• B. Dr Unbilled Receivables 10000 -
  Cr Accounts Receivables 10000
• C. Dr Accounts Receivables 10000 -
  Cr Revenue 10000
• D. Dr Deferred Revenue 10000 -
  Cr Unbilled Receivables 10000

Answer: A

Explanation:
When you reclassify the billing offset balances in the first period, the accounting entry is:
Dr Accounts Receivables 10000 - Cr Unbilled Receivables 10000
This entry reduces the unbilled receivables balance and increases the accounts receivables balance by the invoice amount. This is because the invoice has been created and sent to the customer, and the billing offset account is no longer needed. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management
/20c/oapfm/manage-project-invoices.html#OAPFM2356091

NEW QUESTION # 42
Which three tasks can be performed using the project requirements work area? (Choose three.)

• A. tracking backlog item status from the requirement storyboard.
• B. creating issues for the backlog items.
• C. adding scrum master to backlog items.
• D. creating change orders for the backlog items.
• E. creating projects and tasks in the context of backlog items.

Answer: A,B,E

Explanation:
The project requirements work area is a work area that allows you to define and manage requirements for your projects using various methods and sources. Requirements are statements of needs or expectations that must be met by the project outcome. Backlog items are a type of requirement that are used for agile projects that follow an iterative and incremental approach. Three of the tasks that can be performed using the project requirements work area are:
* creating projects and tasks in the context of backlog items: This task allows you to create new projects and tasks or link existing projects and tasks to backlog items. This helps you to plan and execute the work that is required to fulfill the backlog items.
* creating issues for the backlog items: This task allows you to create new issues or link existing issues to backlog items. Issues are problems or risks that affect the progress or outcome of a project or requirement. This helps you to track and resolve the issues that are related to the backlog items.
* tracking backlog item status from the requirement storyboard: This task allows you to view and update the status of backlog items from the requirement storyboard. The requirement storyboard is a graphical representation of the progress and completion of backlog items using various stages and lanes. This helps you to monitor and control the delivery of backlog items. Adding scrum master to backlog items and creating change orders for the backlog items are not tasks that can be performed using the project requirements work area. Adding scrum master to backlog items is a task that can be performed using the project team work area, as scrum master is a role that is assigned to a project team member who facilitates and coordinates the agile project activities. Creating change orders for the backlog items is a task that can be performed using the project change management work area, as change orders are documents that capture and approve changes to a project scope, schedule, or budget. Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project- execution.html#OAPFM2356321

NEW QUESTION # 43
You have been hired as a project manager for implementing the Project Financial Management and Project Execution Management offering by an organization. The Chief Information Officer of the deploying organization has requested you to explain the benefits of using the implementation project-based approach over the functional area-based approach.
Which two are the main benefits of using the implementation projects within Functional Setup Manager?
(Choose two.)

• A. Implementation Project gives you the flexibility to set up different functional areas of the offering at different times.
• B. Implementation Project helps in assigning responsibility of managing setup data to a broad group of users.
• C. Implementation Project helps you to use the manage setup data entry in bulk option.
• D. Implementation Project helps you to monitor progress of the setup tasks.

Answer: B,D

Explanation:
Some of the main benefits of using the implementation projects within Functional Setup Manager are:
* Implementation Project helps in assigning responsibility of managing setup data to a broad group of users. You can assign tasks to different users who are responsible for entering and validating setup data for different functional areas of the offering.
* Implementation Project helps you to monitor progress of the setup tasks. You can track the status and completion percentage of each task and view the dependencies and prerequisites among tasks.
Implementation Project does not give you the flexibility to set up different functional areas of the offering at different times, as this is determined by the configuration package that you select for your implementation. Implementation Project does not help you to use the manage setup data entry in bulk option, as this is a separate feature that allows you to import and export setup data across instances using spreadsheets. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c
/oapfm/implement-project-financial-management-applications.html#OAPFM2356051

NEW QUESTION # 44
Your customer has separate organizations to maintain indirect, capital, and billing types of projects.
Identify the two setups that can be used to fulfill this requirement. (Choose two.)

• A. Project Type
• B. Business Unit
• C. Organization Tree
• D. Project Organization Classification
• E. Project Accounting Business Function

Answer: C,D

NEW QUESTION # 45
Your organization has a requirement to send notifications to the owners of the associated tasks when the status of a deliverable is set to Complete. You have been asked to evaluate generate public events for project deliverable status changes feature to manage this requirement.
Which two statements are true about this feature? (Choose two.)

• A. The public event is not generated when a deliverable is created or deleted.
• B. The public event is not generated when the priority of a deliverable changes.
• C. The public event is generated when the progress status for a deliverable changes.
• D. The public event is generated when a deliverable is created or deleted.

Answer: A,C

Explanation:
The generate public events for project deliverable status changes feature is a feature that allows you to send notifications or trigger actions when the progress status of a deliverable changes from one value to another.
For example, when the status of a deliverable is set to Complete, you can send a notification to the owners of the associated tasks or update the status of the tasks accordingly. Two statements that are true about this feature are:
* The public event is not generated when a deliverable is created or deleted. This feature only generates events when the progress status of a deliverable changes, not when a deliverable is added or removed from a project or task.
* The public event is generated when the progress status for a deliverable changes. This feature generates events when the progress status of a deliverable changes from one value to another, such as from Not Started to In Progress, or from In Progress to Complete. You can define rules and actions for each progress status change using Business Process Management (BPM) Worklist. The public event is also not generated when the priority of a deliverable changes, as this feature only generates events when the progress status of a deliverable changes. Reference: https://docs.oracle.com/en/cloud/saas/project- portfolio-management/20c/oapfm/manage-project-execution.html#OAPFM2356211

NEW QUESTION # 46
Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

• A. bill plan
• B. expenditure items
• C. invoice method
• D. billing events
• E. billing controls

Answer: A,E

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.
html#OAPJB70183
Bill Plan - Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer.
Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan - not a separate setup.
Billing Controls - Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level.
Topic - Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications?Percent Spent
What is the billing extension calculation level for the contract line and project association?Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
* Create a project.
* Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
* Create an approved cost budget.
* Create cost and burden rates.
* Enter labor and expense transactions for the project.
* Collect costs for the transactions.
Configuration Steps
* Creating the Contract
* Creating the Percent Spent Contract Lines
* Creating the Bill Plan - A set of instructions on a contract that define how to invoice a customer.
Multiple contract lines on a contract can use the same or different bill plans.
* Creating the Revenue Plan - Common set of instructions for recognizing revenue within a contract.
Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
* Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
* Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
* Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.
Project and contract components used to determine invoice amounts and generate invoices.

NEW QUESTION # 47
Which application would you use to map application roles to external roles? (Choose the best answer.)

• A. BPM Work List
• B. Authorization Policy Manager
• C. Security Console
• D. Oracle Identify Manager

Answer: B

Explanation:
Ref: https://docs.oracle.com/cd/E17904_01/doc.1111/e14431/managing.htm#APMAG3333 Fusion Middleware Administrator's Guide for Authorization Policy Manager Managing Security Artifacts This chapter describes the procedures an administrator follows to manage application-specific security artifacts, view the external role hierarchy, manage the application role hierarchy, and manage the many-to- many mapping of application roles to external roles from both the application and the external role point of view.
This chapter is divided into the following sections:
* Managing Application Security Artifacts
* Viewing the External Role Hierarchy
* Managing the Application Role Hierarchy
* Mapping Application Roles to an External Role
* Mapping External Roles to an Application Role
Role Mapping Policy
* A Role Mapping Policy is used to determine what external subjects (users, groups or External Roles) are assigned to the applicable Application Role. The Application Role, when referenced in an Authorization Policy, defines the principals affected by the Authorization Policy. Role Mapping Policies may also include conditions Oracle Identity Manager - Not used for mapping application roles to external roles How do Users Interact with Oracle Identity Manager?
Oracle Identity Manager provides an end-user interface, called the Identity Self Service console, and a system administrator interface, called the Identity System Administration console. Both end-users and system administrators use the web browser to log on to Oracle Identity Manager. Oracle Identity Manager (OIM)
* OIM provision users, roles, and defines what a user can do in Oracle Cloud
* Duty Roles are mapped to jobs and assigned access privileges (Data Security)

NEW QUESTION # 48
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)

• A. Edit task details.
• B. View task details and the task activity stream.
• C. Enter progress for tasks.
• D. Receive email notifications about changes that team members make to a task.

Answer: B,D

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapem/execute-project-tasks- and-deliverables.html#OAPEM1122082 Followers are persons who aren't working on the task but have an interest in reviewing the task progress. Only the resources and other followers can add followers to a task. If a resource assigns the task to another team member, the application automatically changes the original resource to a follower.
What's the difference between my tasks and tasks that I follow?
* You can edit task details and enter progress for your tasks on the Manage Tasks page. If a task has multiple resources, only the primary resource can edit the task.
* When you follow a task, you can view the task details and see the task activity stream. You receive e- mail notifications of changes that team members make to the task.
* If a resource reassigns the task to another team member, then the previous resource automatically becomes a follower.

NEW QUESTION # 49
......

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