Q.

1 Your business wants you to setup project in such a way that each time projec
t status is changed it should go through a workflow approval. Which setup is imp
ortant in configuration which controls the workflow trigger for status change
1. Project Type2. Implementation Option3. Projects4. Employee
Q.2 Which Project Type is used for tracking overhead expenses which neither can
be capitalized nor can be recovered from customer
1. Contract2. Indirect3. Capital4. External
Q.3 What Organisation Classification you have to assign to an organisation for u
sing it in Project and Task defination
1. Project Expenditure/Event Organization2. Project Invoice Collection Organizat
ion3. Project Task Owning Organization4. Project Manufacturing Organization
Q.4 There is a limit on number upto which a Task or Work break down Structure (W
BS) can be created for a project
1. TRUE2. FALSE
Q.5 Cost Transaction entry allowed at what level of the Proejct or task
1. Parent task 2. Middle task 3. Lowest task 4. none of the above
Q.6 What are the different purpose of using Oracle Project Management (multiple
choice)
1. Booking Cost2. Generating Invoice3. Project/Task Schedulling4. Creation of Fo
recast5. None of the above
Q.7 Which of the following is NOT part of Oracle Projects Suite?
1. Oracle Project Costing2. Oracle Project Contracts3. Oracle Project Manufactur
ing4. Oracle Project Resource Management5. Oracle Project Management
Q.8 You can create your own Expenditure Type Class
1. TRUE2. FALSE
Q.9 How many types of budgets allowed in projects
1. Cost Budget 2. Revenue budget3. Both 1 & 24. None of the above
Q.10 At what level Oracle Projects is configured? (multiple choice)
1. Set of Books2. Business Group3. Inventory Organization4. Project/ Task Owning
Organization5. Operating Unit
Q.11 What are the different types of Projects (multiple choice)
1. Direct Project2. Indirect Project3. Contract Project4. External Project5. Cap
ital Project
Oracle Project Costing
Q.12 An employee X charges an overtime of 10 hours to Project ABC. The system is
setup forovertime processing. The hourly cost rate for Employee X = 50 USD and
Labor Cost multipliersetup for over time processing is 0.5What will be the Total
Raw Cost (USD) calculated for this transaction by the Distribute Laborcost prog
ram?
1. 250 USD2. 1000 USD3. 500 USD4. 750 USD
Q.13 At the time of running Concurrent Process: PRC: Interface Supplier Costs, t
he followingparameters are set: Interface Supplier Invoices: Set as Yes Interface Re
ceipt Accruals: Set as NoWhich three statements are correct?(multiple choice)
1. Project-related supplier invoice cost is interfaced to Projects2. When the it
em cost is not accrued on receipt, Invoice distributions are interfaced to Proje
cts3. When the item cost is accrued on receipt, variance amounts and additional
charges are interfaced to Projects4. Project-related supplier invoice cost is no
t interfaced to Projects
Q.14 Which program creates credit line for for expenditures with expenditure typ
e class as 'Miscellaneous transaction' in Projects Subledger?
1. PRC: Distribute Usage and Miscellaneous Costs2. PRC : Generate Cost Accountin
g Events3. PRC : Generate Revenue accounting events4. PRC : Update Project Summa
ry Amount5. PRC: Distribute labor Costs
Q.15 You directly charge the purchase order line to project when the destination
type of the distribution line is 1. Expense2. Payment3. Prepayment4. Accrual
Q.16 When you interface Supplier invoices to Project Invoice amount will be popu
lated as quantity
1. TRUE2. FALSE
Q.17 Which of the following can not be changed once Transactions are charged/ent
ered to the project?
1. Project Name2. Project Description3. Project Number4. Project Status5. All of
the above
Q.18 Which of the following can not be interfaced from Projects to General Ledge
r?
1. Usage Cost2. Miscellaneous Transaction3. Supplier Invoices4. Burden Transacti
on5. Labor Cost
Q.19 Which Module setup is mandatory to integrate Oracle Projects with SCM Modul
e
1. Project Management2. Project Manufacturing3. Oracle Purchasing4. Order Manage
ment
Q.20 Which of the following is NOT part of Pre Approved Expenditure Batch?
1. Supplier Invoices2. Expense Reports3. Burden Transactions4. Time Cards5. Usag
e
Q.21 Where do we enter Project Information while entering Purchase Order?
1. Header2. Lines3. Distribution Line4. Shipment5. None
Q.22 Where can you setup transaction control?
1. Template2. Project 3. Task4. All of the above5. None of the above
Q.23 Which of the following is Correct Sequence for Allocations?
1. Define Allocation, Generate, Release2. Generate, Define Allocations, Release3
. Define Allocation, Release, Generate4. Define Allocation, Generate, Complete5.
Not applicable
Q.24 Which of the following can not be entered for Cost Budget?
1. Quantity2. Revenue Amount3. Raw Cost4. Burdened Cost5. None of the above
Q.25 Can we assign one asset to multiple tasks
1. Yes2. No
Oracle Project Billing
Q.26 When you run PRC: Generate draft invoice for a single projects what will be
the initial status of the draft invoice
1. Approved2. Unapproved3. Unreleased4. Released
Q.27 After you generate and release Revenue what concurrent program is required
to run to send the revenue to SLA table
1. PRC: Generate Cost Accounting Events2. PRC: Generate Revenue Accounting Event
s3. PRC: Generate Revenue for single project4. PRC: Generate Invoices for Single
project
Q.28 When you generate Draft invoice in Oracle Projects, It also calculates tax
before its interfaced to Receivables
1. TRUE2. FALSE
Q.29 Which Event Type will you use to enforce same amount for both Revenue and I
nvoice in Projects?
1. Write Off2. Write on3. Scheduled Payment4. Deferred Revenue5. Manual
Q.30 What program is used to Interface draft invoice from project to Receivables
Interface table
1. Auto Invoice Master Program2. Auto Invoice Import Program3. PRC : Interface i
nvoices to receivables4. PRC : Tieback Invoices from receivables
Q.31 Which of the following is NOT supported Revenue Accrual and Invoicing Metho
d?
1. Work2. Event3. Cost4. Burden5. None of the above
Q.32 Which of the following information is optional for Contract Project? 1. Bil
ling Method2. Revenue Accrual Method3. Billing Cycle4. Retention Information5. A
ll of the above
Q.33 At what level transaction controls for a project can be entered
1. Project 2. Task 3. Template4. All of above
Q.34 Which of the following is NOT a valid Allocation Rule Source?
1. Fixed Source Amount2. Project Sources3. GL Sources4. Spread Evenly Source5. N
one of the above
Q.35 At the end of the project, what is expected?
1. Revenue Amount = Invoice Amount2. Revenue Amount # Invoice Amount3. Revenue A
mount > Invoice Amount4. Revenue Amount < Invoice Amount
Q.36 Can a Project Have multiple Customers
1. Yes2. No