Question 1

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.)

Options :

A : The public event is not generated when the priority of a deliverable changes

B : The public event is not generated when a deliverable is created or deleted.

C : The public event is generated when a deliverable is created or deleted.

D : The public event is generated when the progress status for a deliverable changes.

Answer: A,D

Question 2

Your business user has created a purchase order (PO) that has the following attributes:Accrue at Receipt = YesMatching Option = 2 wayReceipt Close Tolerance = 100%After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by matchingto the PO. The user now runs Create Accounting for Receiving Transactions and then the “Import and ProcessCost transactions” ESS (Enterprise Scheduler Service) job using the Transaction Source parameter as “OraclePayables”. The user notices that there is no cost transferred to the projects. Identify two reasons for thisproblem. (Choose two.)

Options :

A : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to NO, cost is transferred to projects by receipt accounting.

B : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to YES, cost is transferred to projects by Cost Management and not by Payables.

C : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to projects only if there are accounted receipt lines.

D : When you have an AP invoice that is matched against a PO with Accrue at Receipt set to Yes, cost is transferred to project by payables.

Answer: B,C

Question 3

Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document? (Choose three.)

Options :

A : Billable Flag

B : Expenditure Type

C : Capitalizable Flag

D : Funding Source

E : Work Type

Answer: A,C,D

Question 4

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

Options :

A : Dr Deferred Revenue 10000Cr Unbilled Receivables 10000

B : Dr Accounts Receivables 10000Cr Unbilled Receivables 10000

C : Dr Unbilled Receivables 10000Cr Accounts Receivables 10000

D : Dr Accounts Receivables 10000Cr Revenue 10000

Answer: C

Question 5

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

Options :

A : Create a revenue method with a revenue method classification of Amount Based.

B : Create a revenue method with a revenue method classification of Rate Based.

C : Create a revenue method classification with a revenue method of Percent Spent.

D : Create a revenue method classification with a revenue method of Percent Complete.

Answer: B

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