Oracle 1z0-964 Exam Practice Questions (P. 2)
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Question #6
You want to create a few project roles so as to restrict access in the Project Financial Management work area to only the specific projects in which an employee is assigned as a team member. What are the two default project roles available to meet this requirement? (Choose two.)
- AProject Executive
- BProject Accountant
- CProject Manager
- DProject Billing Specialist
- EProject Team Member
Correct Answer:
BD
BD
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Question #7
You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X Task 10, and Bill Plan B is allocated against Project Y Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)
Then Bill Plan A is allocated against Project X Task 10, and Bill Plan B is allocated against Project Y Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)
- ABoth the contract lines create only a single invoice because they are using the same contract.
- BTwo invoices are created using the same contract.
- CBill set number drives the grouping of transactions.
- DInvoice generation does not depend on bill plan. The invoices are created based on the contract line.
Correct Answer:
BD
BD
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Question #8
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)
- AAccounting date is the same as the original invoice date.
- BProject accounting date is the same as the original invoice date.
- CProject accounting date is the first day of the first open project accounting period.
- DProject accounting date is the last day of the open project accounting period.
- EAccounting date is the first day of the first open accounting period.
Correct Answer:
CE
CE
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Question #9
Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)
- AProject Contract-based costing
- BProject Contract-based billing
- CProject Contract Collection Center
- DContract Team Connect
Correct Answer:
B
Reference -
http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf
(p.2)
B
Reference -
http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf
(p.2)
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Question #10
You have a small project for a period of five months. Your budget amount for each month is spread evenly and is $1000 per month. The first month actual expense is $800 and there is a commitment for $600. Now you generate a forecast at the beginning of the second month. Identify the monthly Estimate-To-Complete (ETC) amount that the application would calculate for the remaining four periods, when the ETC generation method includes commitments. (Choose the best answer.)
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