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An organization posts project costs to the balance sheet as they are incurred. Each month they recognize project revenue on each project.

Select the option that ensures that costs are credited from the balance sheet and debited to profit and loss as revenue is recognized.

A. Use events for project revenue and use GL journals to carry outthe relevant account postings.

B. Implement a projectrevenue extensionwithappropriate event types and AutoAccountingdefinition.

C. Usemiscellaneoustransactions to generate revenue with the appropriate AutoAccountingdefinition.

D. Use preapproved batches with a class type of "Work in Process" to generate revenue withthe appropriate AutoAccounting definition.

A customer is billed using deliverable billing events, which are currently approved by the customer and the finance director before invoicing. There are often invoices awaiting the finance director's approval and release. The Finance director

would like to use functionality that allows all invoices to be approved and released automatically.

How can this be achieved?

A. Use deliverable managementto automatically approve the invoice.

B. Implement the cost-to-cost billing extension.

C. Implement the costaccrual and project status inquiry extension.

D. Implement theinvoice approval/release extension.

E. Set the "Interface unreleased revenue to GL" profile option to "Yes."

A project has two customer billing elements. One part of the project is based on a fixed fee and the other part is a variable based on a cost plus basis. The customer requires separate invoices for fixed fee elements and variable works elements. How can agreements be used to provide separate invoices?

A. Createeach element as a top task and implement top task billing for the project.

B. Create each element as a top task on the project and create an agreement for variable works and onefor fixed fee.Then fund the project at the top task level.

C. Have one agreement and create an invoice grouping rule in Accounts Receivable.

D. Create oneagreement and fund the project.

E. Use billing events and create separate events per purchase order.

Identify the correct setup to Integrate Project costing with Oracle Inventory.

A. In Oracle Inventory, enable Project Cost Collection for each organization.In Oracle Projects, define an expenditure type with class "Inventory."Define the project related transaction source in Oracle Inventory.

B. Set up Oracle Project Manufacturing.In Oracle Projects, define an expenditure type with class "Inventory."Define the project-relatedtransaction source in Oracle Inventory.

C. In Oracle Inventory, enable Project Cost Collection for each organization.In Oracle Projects, define an expenditure type with class "Inventory."Define the project-related transaction type in Oracle Inventory.

D. Oracle Project Manufacturing must be set up.In Oracle Inventory, enable Project Cost Collection for each organization.Define the project-related transaction source inOracle Inventory

Which statement is true about the use of the calendar assigned to a project?

A. It is thedefault calendar assigned to resource requirements for the project.

B. It isthedefault calendar for the automatic generation of cost forecasts in Financial Plans.

C. It is the default calendar used for determining accounting periods.

D. It is used in the determination of currency exchange rates.

E. It is used by date-dependent system workflows.