A customer requires budgetary Integration with General Ledger for what will function as an ''Approved Cost'' budget. The customer also wants project managers to maintain cost budgets derived from the Staffing Plan maintained in the workplan. Which budgeting approach will support this requirement?
A customer is planning to upgrade from 11/to R12 to use Subledger Accounting (SLA). Identify the three options available to the customer.
Answer : A, C, E
C: View Accounting Details
With the integration to Oracle Subledger Accounting, you now have the option to define account derivation rules within Oracle Subledger Accounting that will replace the default accounts generated by the Oracle Projects AutoAccounting feature.
E: Account Generation Rules
During the upgrade, Oracle Grants Accounting creates default accounting definitions that allow the system to continue using existing AutoAccounting rules without additional setup steps. You may choose to create your own accounting definitions using Accounting Method
An organization has specific departments that manage capital projects. How would you ensure that only these departments own capital projects?
Answer : B
1. If you enable the Project Task Owning Organization classification, you must also specify the additional organization information for the classification as follows:
a. Place your cursor on the Project Task Owning Organization classification.
b. Select the Others button.
c. In the Additional Organization Information window, place your cursor in the Project Type Class Information field.
d. In the Project Type Class Information window, enter information for the following fields:
Allow Entry Of Indirect Projects: Select Yes from if you want this organization to own indirect projects.
Allow Entry of Capital Projects: Select Yes from if you want this organization to own capital projects.
Allow Entry of Contract Projects: You must select Yes.
Note: You must select Yes, even though you cannot create contract projects in Oracle Grants Accounting. Oracle Grants Accounting uses contract projects to process revenue and invoices for awards. Oracle Grants Accounting uses an underlying award project to process revenue and invoices. The award project is a contract class project.
e. In the Project Type Class Information window, select the OK button.
f. In the Additional Organization Information window, select the OK button.
g. In the Forms dialog box that asks you if you want to save the changes you have made, select the Yes button to save your work.
A project manager would like to find out how much event revenue was accrued against a project up to and including a specific date. Where would this information be available?
Answer : A
Project Status Inquiry
You can quickly and easily review the current status of a project, and then drill down for a more detailed review of the project and its tasks. It enables you to search for a project using search criteria. You can review project, task, and resource summary amounts, and actual and commitment amounts using a different resource list.
Oracle Projects maintains various levels of project summary amounts for cost, commitment, revenue, and budget amounts by project, task, and resource. You can review project summary amounts to quickly determine the status of a project, such as reviewing the current and original budgeted amounts and compare them to actual and commitment amounts. You can drill down to see summary amounts for the resources of the project or the selected task. You can select a resource list by which you want to view actuals and budgets. In addition, you can export project status inquiry data into an Excel spreadsheet for further analysis.
Which statement is true about the use of the calendar assigned to a project?
Answer : C
When you implement Oracle Projects, you can select the calendar used to maintain PA periods.
PA Period Type
Specify a Period Type, which is used to copy Project Accounting Periods from the calendar associated with the ledger. If you copy PA Periods from GL, Oracle Projects copies all of the periods of this Period Type to set up the PA Periods.
In a multiple organization environment, the PA Period Type is specified for each operating unit.
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