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Question 1:
A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is: Dr. Unbilled Receivables 40,000 Cr Revenue 40,000 At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)
A. Dr. Unearned Revenue 40,000Cr Accounts Receivables 40,000
B. Dr. Accounts Receivables 40,000Cr Unbilled Receivables 40,000
C. Dr. Accounts Receivables 40,000Cr Revenue 40,000
D. Dr. Unearned Revenue 40,000Cr Revenue 40,000
Correct Answer: B
Question 2:
You want to export your project plan to Oracle Project Financial Management Cloud after initial scheduling is complete in Microsoft Projects. Identify three conditions that must be met for exporting milestone tasks. (Choose three.)
A. only one labor resource assignment with 100 effort
B. lowest-level tasks set up with non-zero duration
C. lowest-level tasks set up with zero duration
D. only one labor resource assignment with 0 effort
E. percent work complete values of 0 or 100 percent
Correct Answer: CDE
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapex/define- project-management-configuration.html#OAPEX1357147
Topic – Microsoft Project Prevalidation: Explained
The following table describes the Prevalidation rules for tasks and resource assignments.
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