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Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

1. Identify two statements that are true for Fusion Project Portfolio Management in relation to the Calendar and period management.

A) Accounting periods are used to track budgets and forecasts, summarize project amounts for reporting, and track project status.
B) You can use the same calendar for both your project accounting and accounting.
C) By using the option of "Maintain common accounting and project accounting periods" you increase the period maintenance activity during the month end.
D) You can maintain the statuses of the periods independently, even in spite of using the same calendar.

2. CORRECT TEXT
Select the correct option to fill in the blank below.
If revenue is recognized before billing, the accounting entry that gets triggered would be _________.

A) Option C
B) Option D
C) Option A
D) Option B

3. Most Project Management solutions are plagued with the configurations that have financial and project management reference data intertwined. By introducing which two concepts has Fusion PPM.

A) Project Unit
B) Organization Classification
C) Business Unit
D) SetID
E) PPM specific organization hierarchy

4. Select the contract status in which the contract can be reverted to a pervious active version.

A) Underamendment status
B) Under amendment status and approved
C) In draft status
D) In pending acceptance status

5. In your project, during the Project Business Unit implementation, you have set the project accounting calendar to the accounting calendar and you also selected the option to maintain common accounting and project accounting periods. In such a case, which application area is the project period status managed in?

A) Fusion General Ledger only
B) US I onProject Portfolio Managementonly
C) Both Fusion General Ledger and Fusion Project PortfolioManagement
D) In either Fusion Project Portfolio Management or in Fusion GL

Solutions: