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Q1. Identify three setups that are required to be performed at a Project Unit level in Fusion PPM.
A. Pi .Kit Numbering and FTIH
B. Implementation Options
C. Reporting Setup
D. Contract Management Propertied
E. BusinessUnitAssociation
Answer: B,C,E
Q2. WhichSecurity Role can be assigned to a userin FusionApplications?
A. Dam Ron
B. Job Role
C. AbstractRole
D. Duty Role
Answer: D
Reference:
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e16689/F323387AN1B35E.htm
Q3. Select two true statements regarding OBIA.
A. OBIA cant.ke input, from heterogenous data sources.
B. OBIA is Fusion Applications-centric.
C. OBIAis real time and does not depend on the ETL refresh frequency.
D. OBIAis used for strategic reporting.
Answer: A,C
Q4. Select the appropriatephrase to accurately complete thesentence below.
Spread Curvesin Fusion ProjectPortfolio Management allows you_____
A. distribute quantity, cost, and revenue amounts automatically acrossaccounting periods
B. distribute quantity, cost, and revenue amounts automatically acrossweekly calendars
C. distribute quantity, cost, and revenue amounts automatically acrossproject accounting periods
D. distribute quantity, cost, and revenue amounts automatically acrossaccounting or project accounting periods
Answer: D
Q5. Select the correct option to fill in the blank below.
If revenue is recognized before billing, the accounting entry that gets triggered would be _________.
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
Explanation: This example describes the types of revenue accounting entries that are automatically created using the central accounting setup in Oracle Fusion Subledger Accounting. Revenue andinvoices are generated in Oracle Fusion Project Billing. For revenue, the credit is to the appropriate revenue account, and the debit is to the unbilled receivable account. For invoices, the credit is to the deferred revenue account, and the debit is to the appropriate receivables account. Revenue accounting is initiated in Oracle Fusion Project Billing, and invoice accounting is initiated in Oracle Fusion Accounts
Receivable. Oracle Fusion Subledger Accounting sends the revenue and invoice
accounting to Oracle Fusion General Ledger.
Revenue and Invoice Accounting EntriesThe following table contains an example revenue
accounting entry.
Entry Distribution Account Debit Credit
SLA1 RDL1 Unbilled Receivables 40
SLA1 RDL1 Revenue
40
Replace 1Z0-498 test engine:
Q6. Select the phrase that best completes the sentence below.
“Project Creation” is an example of__________.
A. a job
B. an abstract role
C. a duty
D. a privilege
Answer: C
Q7. Through which two aspects does Fusion PPM provide improved capability of Role Based Security?
A. enforcement across entire technologystack
B. single point of administration forboth applications and technology
C. monitor key projects transaction processing and exception rates
D. transparentand consistent data security
E. non-centralized access and function-based entitlement management
Answer: B,D
Q8. Identify two transactions that are treated as Commitment transactions in Oracle Fusion Portfolio Management.
A. received goods on a project that are not yet transferred or imported into Oracle Fusion PPM
B. purchase order changed to a project
C. projectrelated invoices that are accounted and interfaced into Oracle Fusion PPM
D. invoices transferred to Fusion Assets
Answer: B,C
Q9. Identify three formation types available for defining the Invoice Format header.
A. labor
B. events
C. non-labor
D. cpmtract
Answer: A,B,C
Q10. At who is the Oracle Fusion Project Performance Reporting solution specifically targeted?
A. Project managers
B. Project executives
C. Project accountants
D. Project team members
Answer: C
Reference:
http://www.oracle.com/partners/en/most-popular-resources/ppm-exam-study-guide-2015269.pdf