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.)
D
Explanation:
Reference:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3
Your business user has created a purchase order (PO) that has the following attributes:
Accrue at Receipt = Yes
Matching Option = 2 way
Receipt Close Tolerance = 100%
After approval, the PO is closed for receiving without creating a receipt. An AP invoice is created by
matching to the PO. The user now runs Create Accounting for Receiving Transactions and then the
“Import and Process Cost transactions” ESS (Enterprise Scheduler Service) job using the Transaction
Source parameter as “Oracle Payables”. The user notices that there is no cost transferred to the
projects. Identify two reasons for this problem. (Choose two.)
B, C
Explanation:
When the Accrue at Receipt option is set to Yes on a PO, the cost of the items or services is accrued
when they are received, not when they are invoiced. Therefore, the cost is transferred to projects by
Cost Management and not by Payables. However, if the PO is closed for receiving without creating a
receipt, there will be no accounted receipt lines and no cost will be transferred to projects. To
transfer the cost to projects, you need to either create a receipt or reopen the PO for receiving.
Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355855
After completing setups in a source environment, your customer wants to move the setup data to a
target environment. Identify the two statements related to task list scope, which you must consider
before taking a decision based on the customer requirement. (Choose two.)
A, D
Explanation:
Reference:
https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426
As you go through the first-quarter close for your customer, you notice that the burden amounts
calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated
are not considering the burden schedule override at a task level, which was done during the second
month of the quarter.
What is the reason for this problem?
B
Explanation:
Reference:
https://docs.oracle.com/cloud/r13_update17b/projectcs_gs/OAPJC/OAPJC1071490.htm#OAPJC1071
482
You have been asked to set up one active person, who is not a team member in the project, as a
quality manager for each quality task created under projects. However, when you try to assign the
quality manager as Task Manager, you cannot find the person's name in the list of values. What is the
reason for this problem? (Choose the best answer.)
B
Explanation:
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/introducing-oracle-project-portfolio-management-cloud-services.html#FAPFM428138
Topic - Project Foundation Profile Options
Profile Option Name - Task Managers Must Be Project Team Members
Description - Specify whether task managers must be project team members.
Values – No (Default) / Yes
Setup Task Name - Require Task Managers to be Project Team Members
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:
Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0
Ineligible Contract Lines 0
Billing Transaction Exception Errors 0
Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0
Ineligible Associated Projects 0
Successful Billing Transactions 0
Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0
Ineligible Events 0
Draft Invoice Exception Warnings 0
Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best
answer.)
A
Explanation:
Reference:
https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm
Topic – Invoice and Revenue Rates: How They Are Determined
Oracle Fusion Project Billing uses bill rates, burdening, and transfer price schedules to derive
standard bill rates, multipliers, markups, and bases for calculating potential revenue when the
revenue method classification on a revenue plan is as billed, as incurred, or rate based. Similarly, bill
rates derive invoice amounts when the invoice method classification on a bill plan is rate based.
Which three setups can be configured by using Rapid Implementation for Project Financial
Management Applications?
A B D
Explanation:
Rapid Implementation for Project Financial Management Applications allows you to configure some
common setups for project costing and billing using predefined templates and spreadsheets. Some of
the setups that can be configured using Rapid Implementation are expenditure types, project
templates, and project types. Work types and project class categories are not part of Rapid
Implementation. Reference:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/implement-project-financial-management-applications.html#OAPFM2355871
Your customer wants additional project information for detailed account balance maintenance,
reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to
fulfill this requirement. (Choose the best answer.)
A B D
C. Supporting Reference:
D. Accounting Rule
E. Mapping Sets
Answer: C
Explanation:
Reference:
https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125357.htm#OAPFM1125357
Assignment of Supporting Reference:
Supporting references may be used to capture transaction values on journal entry lines. A supporting
reference can be used on a journal entry rule set only if it's assigned a source from the event class of
the journal entry rule set.
Creating Supporting Reference: Explained
Supporting references are used to store additional source information about a subledger journal
entry at the line level.
Supporting references with balances establish subledger balances for a particular source and account
for a particular combination of supporting references plus the account combination.
For example:
If a journal line contains a supporting reference that includes two sources, Customer Type and
Customer Name.
Balances are created for the account combination, plus customer name and customer type.
Examples of how you may want to use supporting reference balances are to:
Facilitate reconciliation back to the subledgers and source systems by tagging journal entries with
transaction and reference attributes.
Create balances by dimensions not captured in the chart of accounts.
Reporting using dimensions not captured in the chart of accounts.
Enrich Oracle Fusion Business Intelligence Applications reporting on subledger journals.
Profit and loss balances by dimensions not captured in the chart of accounts
Define supporting references to hold additional supporting information for detailed account balance
maintenance or reconciliation and reporting requirements.
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business
unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values
for payment terms consists of only one set of data: the set that is assigned to the transaction's
business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose
the best answer.)
D
Explanation:
Reference:
https://docs.oracle.com/en/cloud/saas/applications-common/19b/facia/define-enterprise-structures.html#FACIA462453
Reference: Data Sharing Methods
Variations exist in the methods used to share data in reference data sets across different types of
objects. The following list identifies the methods:
Assignment to one set only, no common values allowed. This method is the simplest form of sharing
reference data that allows assigning a reference data object instance to one and only one set. For
example, Asset Prorate Conventions are defined and assigned to only one reference data set. This set
can be shared across multiple asset books, but all the values are contained only in this one set.
Assignment to one set only, with common values. This method is the most commonly used method
of sharing reference data that allows defining reference data object instance across all sets. For
example, Receivables Transaction Types are assigned to a common set that is available to all the
business units. You need not explicitly assign the transaction types to each business unit. In addition,
you can assign a business unit-specific set of transaction types. At transaction entry, the list of values
for transaction types includes the following:
Transaction types from the set assigned to the business unit.
Transaction types assigned to the common set that is shared across all business units.
Assignment to multiple sets, no common values allowed. The method of sharing reference data that
allows a reference data object instance to be assigned to multiple sets. For instance, Payables
Payment Terms use this method. It means that each payment term can be assigned to one or more
than one set. For example, you assign the payment term Net 30 to several sets but assign Net 15 to a
set specific only to your business unit. At transaction entry, the list of values for payment terms
consists of only the set that is assigned to the transaction's business unit.
Note: Oracle Fusion Applications contains a reference data set called Enterprise. Define any
reference data that affects your entire enterprise in this set. Also update the data set going forward
as you create new reference data items.
You are set up as a Follower in Manage Tasks. Which two abilities can you accomplish? (Choose two.)
B, C
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.