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Oracle Fusion Project Portfolio Management 2014 Essentials Sample Questions:

1. Select the appropriate option to fill in the blank below.
A person is allowed to remove transactions when the Project Invoice status is _____

A) Released
B) Transferred
C) Accepted
D) Draft

2. You want to credit an invoice using the Cancel Invoice option. Which three prerequisites should be met for this to be possible?

A) Credit memo is created.
B) Invoicehas no adjustment or crediting Invoices applied to it.
C) Invoice is released.
D) Invoice has no payments.

3. Identify three valid work areas under Project Portfolio Management.

A) Projects Workarea
B) Revenue Workarea
C) Transactions Workarea
D) Payment Workarea
E) Capital Workarea

4. 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.

5. By using Project Integration Gateway, a person can use Global Data model to provide the capability to set up the integration for a business unit and a project unit combination. Based on this information, identify two true statements regarding this integration model.

A) Projectunitprovides financial periodsand currency
B) Business unit provide planning resource breakdown structure.
C) Project unitprovides resources.
D) Business unit providesFinancial periods and currency

Solutions: