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NEW QUESTION 21
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
- A. Dr Accounts Receivables 10000 –
Cr Unbilled Receivables 10000 - B. Dr Deferred Revenue 10000 –
Cr Unbilled Receivables 10000 - C. Dr Accounts Receivables 10000 –
Cr Revenue 10000 - D. Dr Unbilled Receivables 10000 –
Cr Accounts Receivables 10000
Answer: D
NEW QUESTION 22
When setting up capitalization options on a project type, you have decided to enable the Require Complete Asset Definition option. If this option is enabled, the “Transfer Assets to Oracle Fusion Assets” process will place asset lines with complete definition into which queue in Oracle Fusion Assets?
- A. Post
- B. New
- C. Posted
- D. Hold
Answer: A
NEW QUESTION 23
Your organization has a requirement to retrieve the value of the cost center segment based on the department.
Which source can you use while defining the account rule to achieve this requirement?
- A. Event Organization Cost Center Segment
- B. Expenditure Business Unit Cost Center Segment
- C. Project Organization Cost Center Segment
- D. Expenditure Organization Cost Center Segment
Answer: C
NEW QUESTION 24
You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)
- A. Pending Approval > Pending Acceptance > Active
- B. Pending Acceptance > Pending Approval > Active
- C. On Hold > Pending Approval > Active
- D. On Hold > Pending Acceptance > Active
Answer: A
Explanation:
Reference https://docs.oracle.com/cloud/latest/common/FASCC/FASCC1124283.htm Topic – Contract Actions and Status Changes: Explained
NEW QUESTION 25
You search for resources to fulfill a project resource request but are unable to proceed after receiving the following error message: “The search for resources cannot be completed because the project resource search index is not available. Contact your help desk.” Identify the cause for this error message. (Choose the best answer.)
- A. The index has been built.
- B. The index is in the process of being updated.
- C. The index is not in the process.
- D. The most recent update of the index finished successfully.
Answer: B
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/fapfm/implementing-project-execution-management-applications.html#FAPFM1724547 Topic – Submitting the Process to Maintain Project Resource Search Index: Procedure Submit the Maintain Project Resource Search Index job set to update the resources that appear on the Search and Evaluate Resources page when a resource manager searches for resources to fulfill project resource requests. The job set consists of a set of processes that facilitate efficient and rapid searches for qualified resources.
Resource managers can’t search for resources or view resource details if the search index isn’t available for a project resource request with qualifications or keywords. For project resource requests without qualifications and keywords, resource managers can search for and evaluate resources based on resource availability even if the search index isn’t current or available.
Caution: The search index isn’t available if the Maintain Project Resource Search Index job set process fails, or while the process is running.
NEW QUESTION 26
……
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