Correct Answer: B

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

Correct Answer: CE

Ref: https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1840867

Correct Answer: ABE

Status tracking is a feature that allows you to track the progress and history of project invoice approval notifications. Status tracking provides information such as who approved or rejected the invoice, when and why they took the action, who is currently assigned to approve or reject the invoice, etc. Three of the information that can be tracked as status tracking for project invoice approval notifications are: Person assigned for approval: This shows the name of the person who is currently assigned to approve or reject the invoice notification. Prior actions: This shows the list of actions that have been taken on the invoice notification by previous approvers or rejectors, such as approve, reject, request information, etc. Persons with whom it is still pending approval: This shows the list of persons who are still in the approval chain for the invoice notification and have not taken any action yet. Pre-approval activities and date-wise updates to the document are not information that can be tracked as status tracking for project invoice approval notifications. Pre-approval activities are tasks that need to be performed before submitting an invoice for approval, such as validating or transferring the invoice. Date-wise updates to the document are changes that are made to the invoice document after it has been submitted for approval, such as adjusting or reversing the invoice. Reference: https://docs.oracle.com/en/cloud/saas/project-portfoliomanagement/20c/oapfm/manage-project-invoices.html#OAPFM2356291

Correct Answer: BC

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.

Correct Answer: C

Reference https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJC/F1071488AN1004C.htm To import and process third-party transactions that are costed and accounted, you need to set the Transaction Source Options for the transaction source that you use to import the transactions. The Transaction Source Options allow you to specify whether the transactions are costed and accounted by the source system or by Oracle Fusion Cost Management. You can also specify whether to validate and transfer costs and accounting entries to projects and general ledger. Reference: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355941

Correct Answer: AE

Reference https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121

Correct Answer: ABD

To allocate the rental cost to the projects and tasks based on the raw costs of the tasks from the previous month, you need to do the following:

Allocate rental costs once each accounting period by using the "full" allocation method. This method allocates the entire source amount to the target tasks in one run.

Allocate to all eligible tasks and prorate the allocation by the total actual raw cost accrued for each task during the previous accounting period. This ensures that the source amount is proportionally allocated to the tasks based on their relative

raw costs.

Define allocation basis by using Actual Amounts with a period-to-date amount class. This allows you to use the actual raw costs of the tasks as the basis for allocation and to use the amounts from the previous accounting period. Reference:

https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/manage-project-costs.html#OAPFM2355951

Correct Answer: BC

Reference https://docs.oracle.com/en/cloud/saas/applications-common/r13-update17d/faser/implementing-security-in-oracle-fusion-project-portfolio-management.html#FASER1722595

Ref to "Securing Project Financial Management and Grants Management Applications" Table lists predefined enterprise roles and the type of security that grants the role access to data in a work area or dashboard.

Enterprise Role

Work Area or Dashboard

Data Security Based On

Project Accountant

Asset

Project business unit

Project Accountant

Costs

Project expenditure business unit

Project Accountant

Revenue

Contract business unit

Project Administrator

Project Financial Management

Project business unit

Project organization

Project Billing Specialist

Invoices

Contract business unit

Project Creator

Project Financial Management

Project business unit

Project organization

Project Management Duty

Project Management Infolet Dashboard

Project assignment

Project Management Duty

Project Performance Dashboard

Project assignment

Project Manager

Project Management Infolet Dashboard

Project assignment

Project Manager

Project Performance Dashboard

Project assignment

Project Manager

Project Management

Project assignment

Project Manager

Project Manager Dashboard

Project assignment

Project Team Member

Project Financial Management

Project assignment

Grants Accountant

Invoices

Contract business unit

Grants Accountant

Revenue

Contract business unit

Grants Administrator

Awards

Contract business unit

Grants Administrator

Contracts

Contract business unit

Grants Administrator

Project Financial Management

Project business unit

Principal Investigator

Awards

Award assignment

Principal Investigator

Contracts

Award assignment

Principal Investigator

Project Financial Management

Project assignment

Correct Answer: C

Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM220111

Topic ?Asset Cost Allocation Methods: Explained

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.

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

Correct Answer: ABDE

https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154

Predefined Notification Templates

Notification Template

Description

Password Expiry Warning Template

Warns the user that a password is expiring soon and provides instructions for resetting the password.

Password Expiration Template

Notifies the user that a password has expired and provides instructions for resetting the password.

Forgot User Name Template

Sends the user name to a user who requested the reminder.

Password Generated Template

Notifies the user that a password has been generated automatically and provides instructions for resetting the password.

Password Reset Template

Sends a reset-password link to a user who requested a new password. Users can request new passwords by selecting the Forgot Password link on the application Sign In page, or by selecting the Password option on the Preferences page

( Settings and Actions > Set Preferences).

Password Reset Confirmation Template

Notifies the user when a password has been reset.

New Account Template

Notifies a user when a user account is created and provides a reset-password link.

New Account Manager Template

Notifies the user's manager when a user account is created.

When you create a user category, it's associated automatically with the predefined notification templates, which are all enabled.

You can't edit the predefined templates. However, you can create templates and disable the predefined versions. Each predefined event can be associated with only one enabled notification template at a time.