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NEW QUESTION 24 Your organization has been using project class categories and codes for reporting purposes and is set up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes. Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

• A. Class categories should be assigned to project type.
• B. Class codes should be associated with a related set code.
• C. Class categories should be assigned to business unit.
• D. Class codes should be assigned to project unit.

Answer: A,B Explanation: Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapfm/project-foundation-configuration-manage-project-types.html#OAPFM360164 Topic - Associating Project Types and Class Categories: Examples Project classifications group your projects according to categories and codes that you define. When you associate project classifications with project types, the classification is available for selection on projects with that project type. Use any of the following methods to associate class categories with project types: Add a classification to the project type definition For each classification that you associate with the project type, you can enable the Assign to All Projects option to automatically add the classification to the project definition for all new projects with the project type. When this option is enabled, all projects with this project type must be assigned a class code for the class category. Add a project type to the class category definition Enable the Assign to all Project Types option on the class category definition   NEW QUESTION 25 Your customer wants to perform billing based on the Percent Spent invoice method. Identify two setups that are required in project contracts for calculating invoice amounts as per their requirement. (Choose two.)

• A. billing controls
• B. bill plan
• C. billing events
• D. expenditure items
• E. invoice method

Answer: A,B Explanation: Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#OAPJB70183 Bill Plan - Create a bill plan within a contract that uses the invoice method you require. Assign the bill plan to one or more contract lines. A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Invoice Method is used in creating Bill Plan - not a separate setup. Billing Controls - Contract feature that controls the types of transactions, dates, and amounts a customer may be invoiced for and revenue can be recognized for a contract or contract line. Define billing controls at the contract or contract line level. Topic - Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method. What are the revenue and invoice method classifications? Percent Spent What is the billing extension calculation level for the contract line and project association? Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan. Prerequisites Create a project. Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension. Create an approved cost budget. Create cost and burden rates. Enter labor and expense transactions for the project. Collect costs for the transactions. Configuration Steps Creating the Contract Creating the Percent Spent Contract Lines Creating the Bill Plan - A set of instructions on a contract that define how to invoice a customer. Multiple contract lines on a contract can use the same or different bill plans. Creating the Revenue Plan - Common set of instructions for recognizing revenue within a contract. Multiple contract lines on a contract can use the same or different revenue plans. Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived. Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice. Create billing controls for a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract. Generate invoices to calculate the invoice amounts for a contract. The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.   NEW QUESTION 26 You have closed the project accounting period with a warning, but you are unable to close the accounting period due to an error. Identify two reasons for this problem. (Choose two.)

• A. Pending burden summarization items have not been processed.
• B. The corresponding Oracle Payables Cloud accounting period has not been closed.
• C. Unaccounted transactions have not been swept to the next period.
• D. Transactions entered in an integrated Oracle Cloud Application are accounted, but not yet transferred and imported into Oracle Project Portfolio Management Cloud.
• E. Unaccounted transactions are not imported.

Answer: C,D Explanation: Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjb/record-accounting-for-project-billing.html#OAPJB340382 Topic - Accounting Period and Project Accounting Period Closing: How Validation Works   NEW QUESTION 27 What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

• A. Mange Project Types
• B. Mange Business Unit
• C. Manage Project Unit Options
• D. Manage Project Organization Classifications
• E. Manage Project Unit Organizations

Answer: C,D,E Explanation: Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM3094543 Topic - Manage Project Unit Organizations   NEW QUESTION 28 ......