A US-based company is providing resources to a UK subsidiary and has implemented Oracle Projects intercompany billing solutions. How would the US company create the Accounts Payable invoice in the UK operating unit?

A. when the draft intercompany invoiceis approvedin the us Projects ledger

B. when the draftintercompanyrevenue is approved in the US Projectsledger

C. Invoice automatically createdas part of the PRC: Tieback Invoices fromReceivables in the USProject ledger

D. when the draftintercompanyinvoice is released in the US Projects Ledger

E. on creation ofthe Intercompany revenue in the US General Ledger

A contractor is engaged to carry out a statement of work by a customer. The contract is fixed price, and milestone payments will be made based on the individual completion of agreed deliverables. The contract specifies that 10% of any invoice totals must be withheld. The exception to this rule is that if certain deliverables are met ahead of the agreed schedule, then the full amount can be invoiced. How would this scenario be set up in Oracle Projects?

A. CustomerRetention Billing is implemented with a Withholding Term ofExpenditure Category.

B. 10% ofproject costs isset with abilling hold (as required) inExpenditureInquiry.

C. A taskis used to collectcosts that are to be withholdingand the task is set to non-billable asrequired.

D. CustomerRetention Billing isimplemented with aWithholding Term based onEvent Types.

E. A customerbill splitisimplemented to send 10% ofall invoiced costs to a dummy customer.

A company generates revenue at period end, but bills monthly in advance. The customer is invoiced in April with project starting in May and the first project is due to be recognized at the end of May. What are the accounting entries at the end of May?

A. Debit: Cost of Goods SoldCredit: Unbilled Receivables

B. Debit: Unearned RevenueCredit: Revenue

C. Debit:ReceivableCredit:Bank

D. Debit:ReceivableCredit: Unearned Revenue

E. Debit: BankCredit: Revenue

You have imported Labor transactions into Oracle Projects from Oracle Time and Labor by running the "PRC: Transaction Import" program.

What is the correct sequence to run the concurrent programs listed below to transfer the cost and accounting entries of these transactions to General Ledger?

1. PRC: Distribute Labor Cost 2.PRC: Transfer Journal Entries to GL 3.PRC: Create Accounting (with the Transfer to GL option set to "No") 4.PRC: Interface Labor Costs to GL 5.PRC: Generate Cost Accounting Events 6.PRC: Distribute and Interface tabor costs to GL

A. 1, 3, 6

B. 1, 5, 3, 4

C. 1, 5, 3, 2

D. 1, 2

E. 3, 6

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.