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NEW QUESTION 36
You are trying to create a project purchase order (PO) but you are unable to select Expenditure Organization in the PO. Identify two reasons for this problem. (Choose two.)
- A. The organization is classified as a project unit.
- B. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
- C. The organization is not classified as a project-owning organization.
- D. The organization is not classified as a project expenditure organization.
Answer: B,D
Explanation:
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf Chapter 3 - Define Project Organizations Page # 12 Topic - Selecting Organization Hierarchies for the Business Unit The following conditions are required for an organization to be eligible to be a project expenditure organization:
You must assign the Project Expenditure Organization classification to the organization.
The organization must belong to the hierarchy that you specify in the project implementation options for the business unit.
NEW QUESTION 37
Which two statements are true about the cross-charge method, Borrowed and Lent?
- A. You must set up the contract business unit to use this method.
- B. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
- C. Costs or revenue are shared based on transfer price rules with this method.
- D. This method creates a formal internal invoice.
Answer: B,C
Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjc/process-project-cost-transactions.html#OAPJC284872 What's a borrowed and lent processing method?
A method of processing cross-charge transactions that generates accounting entries to share revenue or transfer costs from the provider organization to the receiver organization within a legal entity. An internal invoice isn't created but costs or revenue are shared based on the transfer price rules. This method provides a financial view of the performance of an organization.
NEW QUESTION 38
Your customer has different accounting and project accounting periods, and sometimes enters invoices with an invoice date in the open project accounting and closed accounting periods. Which two statements are true about how project accounting and accounting dates will be populated in such invoices? (Choose two.)
- A. Accounting date is the same as the original invoice date.
- B. Project accounting date is the same as the original invoice date.
- C. Project accounting date is the first day of the first open project accounting period.
- D. Project accounting date is the last day of the open project accounting period.
- E. Accounting date is the first day of the first open accounting period.
Answer: B,E
NEW QUESTION 39
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