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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions:

1. You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error.
Identify two reasons for this problem.

A) The corresponding Oracle Payables Cloud accounting period has not been closed.
B) Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
C) Pending burden summarization items have not been processed.
D) Unaccounted transactions have not been swept to the next period.
E) Unaccounted transactions are not imported.

2. Your organization has decided to enable the common accounting and project accounting periods option while defining business unit implementation options.
Where will you maintain the accounting period statuses if this option has been enabled?

A) General Ledger
B) Project Costing
C) Subledger Accounting
D) Project Foundation

3. Which three features are part of Oracle Fusion Functional Setup Manager?

A) export and import services for setup data migration between environments
B) feature opt-in for a best fit configuration
C) guided task list for end-to-end setup requirements
D) modifying an existing implementation project task list by selecting more functional areas when needed
E) updating an implementation project task list by changing the opt-in configuration to suit the latest requirements

4. Your customer wants to automatically allocate unassigned asset lines and common costs across multiple assets based on the construction-in-process cost of each asset.
Identify the asset allocation method that you must use as the default method while configuring project types to meet this requirement.
(Choose the best answer.)
Response:

A) Spread Evenly
B) Estimated Cost
C) Actual Unit
D) Standard Unit Cost
E) Current Cost

5. When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the "Transfer Assets to Oracle Fusion Assets" process will place asset lines with complete definition into which queue in Oracle Fusion Assets?

A) New
B) Posted
C) Post
D) Hold

Solutions: