What must be defined to enable a company to use an organization for a straight time expenditure?

A. Define the organization with the Following:1. Add Cost Centreas the Organization type.2. Add an organization classification ofHR Organization.3. Add the organizationto anorganization hierarchy.

B. Define the organization with the Following:1. Add the organization classifications HR Organization and ProjectExpenditure/Event2.Add the organization to anorganizationhierarchy3. Add the organization hierarchy to the appropriate Oracleprojectimplementation option setting

C. Define the organization with the following:1.Add the organization classificationsProject/Task Owning Organization and ProjectExpenditure/Event Organization.2. Add the organization to an organization hierarchy.3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.

D. Define the organization with the following:1. Add the organization classifications Project Expenditure/Event Organization.2. Add the organization to an organization hierarchy.3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.

E. Define the organization with the Following:1. Add the organization classifications HR Organization and ProjectExpenditure/Event2. Add the organization to an organization hierarchy.3. Define Organization Labor Costing Rules.

A project is enabled for Burdening by setting up a burden schedule at the project type level. A Miscellaneous expenditure Item Is charged to the project with a raw cost of $100 and expenditure type "Overhead." The "Overheads" expenditure type is excluded from all cost bases in the burden structure.

What happens when the "PRC: Distribute usage and Miscellaneous Costs" program is run for this project?

A. The program errorswith the message "Missing Expenditure type."

B. The program completes successfully; Raw Cost = $100, Burden Cost=$0,TotalBurdened cost=$100.

C. Theprogram completes successfully; Raw Cost=$100, Burden Cost= $100,TotalBurdened cost=$100.

D. Theprogram completes successfully; Raw Cost =$100, Burden Cost=$0, Total Burdened cost= $0.

A company generates revenue at period end, but bills monthly in arrears. The first project revenue is due to be recognized at the end of May and the first invoice sent to the customer in June. What are the accounting entries at the end of May?

A. Debit: Cost of Goods SoldCredit: Unbilled Receivables

B. Debit: BankCredit: Revenue

C. Debit: Unearned RevenueCredit: Revenue

D. Debit: RevenueCredit: Accounts PayableLiability Account

E. Debit:UnbilledReceivablesCredit: Revenue

Which three statements are correct about defining a cost budget for a project?

A. You can enterbudget amount atthe project level, the top task level, or the lowest task level.

B. Youcan enterbudget amount only at the lowest task level.

C. You can enterbudget amountfora combination of lowest task and a labor resource.

D. Youcan enterbudget amount only at the top task level.

E. You can enterbudget amount for a combination of lowest task and a Non-Labor resource.

F. You cannot enterbudget amount for a combination of lowest task and a Non-Labor resource.

An organization has agreed to bill rates based on a person's job, which are updated annually. The rates are recorded on a default bill rate schedule that is attached to each project. An employee has and HR assignment job of Consultant. However, the employee is temporarily working on a project as a Project Manager. What is the correct way to ensure that the employee's time is billed correctly?

A. Amend the employee's HR assignment to Project Manager.

B. Add the employee as a separate line to the defaultbill rate schedule.

C. Use the transaction controlfunctionalityat the project level.

D. Use the assignment override at the project level.

E. Use the employee bill rate override at the project level.

Identify the correct setup to Integrate Project costing with Oracle Inventory.

A. In Oracle Inventory, enable Project Cost Collection for each organization.In Oracle Projects, define an expenditure type with class "Inventory."Define the project related transaction source in Oracle Inventory.

B. Set up Oracle Project Manufacturing.In Oracle Projects, define an expenditure type with class "Inventory."Define the project-relatedtransaction source in Oracle Inventory.

C. In Oracle Inventory, enable Project Cost Collection for each organization.In Oracle Projects, define an expenditure type with class "Inventory."Define the project-related transaction type in Oracle Inventory.

D. Oracle Project Manufacturing must be set up.In Oracle Inventory, enable Project Cost Collection for each organization.Define the project-related transaction source inOracle Inventory

Which three statements are true about Multi-Currency Billing?

A. Agreements, Events, and Bill Rates have to be in the same current as the Project Functional Currency.

B. Agreements,Events, and Bill Rates can all be different currencies than the ProjectFunctionalCurrency.

C. The Project Currency can be different from theFunctional Currency of the operating unitthat owns the project.

D. The ProjectCurrency has tobe the same as the Functional Currency of the operating unit that owns the project.

E. An agreementcan fund invoices in more than one currency.

You have set up a capital projects "Building Construction" with task "Block A." Which method should be used to capitalize the transactions charged to "Block A" with the expenditure type "Construction Costs" and expense the transactions charged to "Block A" with the expenditure type "Overheads"?

A. In the Expenditure type setup, mark"Overheads"as Non-capitalizable.

B. Set up transaction controls at the"Block A"task to make"Overheads"Non-capitalizabale.

C. Define the"Block A"task as Non-capitalizable.

D. Exclude"Overheads"from Capitalization in Asset assignments.

E. Use Asset Lines Processing Extension.

A customer has provided a purchase order for $100k. The customer issues an additional $20k to the original purchase order. How would you invoice the total amount of $120k on only one invoice as per the terms of the contract?

A. Create a separateagreement and funding for $20k.

B. Update the existing agreement value to $120k and add an additionalfunding line against the project for $20k.

C. Update the cost budget to $l20k.

D. Createa manual invoice in Accounts Receivable for the additional value.

E. Update any existing transactionsto allow billing to the new amount.

The Finance Director is concerned that some of his or her project revenue may be overstated. What it should be reviewed to understand the revenue position on each project?

A. the ProjectStatus Inquiry to review the project's margin figures

B. the expenditure inquiry to understand the project's revenue position against the invoice position

C. the Project Summary unbilled receivables and unearned revenue report, which will identifyallunearned revenue

D. the revenue reviewform to inquire on the amount of revenue raised and invoices raised on aproject

E. theinvoice review form to inquire on the amount of revenueraised and invoices raised on project