INTERVIEW QUESTIONS

Types of Budgets
1.Cost budget
2. Revenue budge
3. Forecast cost budget
4. Forecast revenue budget

Budget Entry Level

1. Project
2. Top Task
3. Low Task
4 Top and lowest Task

Cost Enterable Fields

1.Raw Cost
2.Burden Cost
3.Quantity

Revenue Enterable Fields

1.Quantity
2.Revenue

Time phrased by is at 4 levels.

1. PA Period
2. GL Period
3. None
4. Date Rang

If I want to restrict the budget at the resource list level, we have 3

options
a. Absolute
b. Advisory
c. Non

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Event Types: There are 9 Event Type Classes.

1. Automatic
2. Manual
3. Revenue Write on
4. Revenue Write off
5. Realized Gains
6. Realized Losses
7. Differed Revenue
8. Invoice Reduction
9. Schedule Payment or Milestone billing

4 Types of Account Generators.

1. Requisition account generator
2. PO account generator
3. Supplier invoice account generator
4. Expense report account generator

We have Segments in charts of Accounts.

1. Company
2. Department
3. Account
4. Product

Capital Project Process Flow

1. Creation of Project Type.
2. Creation of Project Template.
3. Creation of Project.
4. Asset Definition.
5. Asset Assignment.
6. Integration with Purchasing, payables, Oracle Time and Labor.

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 INTERVIEW QUESTIONS
7. Asset details and generation of asset lines.
8. Interfacing asset lines from projects to fixed assets.
9. Prepare Mass Additions.
10. Tie-back Asset lines from Oracle Assets.

AUTO ACCOUNTING Setup - Auto Accounting. Before going to define Auto

Accounting first we need to define.
1. Expenditure Category.
2. Revenue Category.
3. Expenditure Type.
4. Non Labor Resources.
1. Define Expenditure Category. N: Setup - Expenditures - Expenditure Categories.
2. Define Revenue Category. N: Setup - Expenditures - Revenue Categories

1 How do you know whether project related requisition / PO raised

or not even if you don’t have any access to Purchasing module?
If you run PRC: Update Project summary amounts for single project, we can see this
information in Project Status Inquiry window.

2 Difference between commitment & actual expenditure?

If there is no accounting entry for any transaction then it will be treated as commitment. If
there is accounting entry for any transaction then it will be treated as actual expenditure.

3 What is First Bill Offset Days?

Duration between project starting date & first invoice creation date.

4 Hard Limit checkbox & Invoice Hard Limit Checkbox?

We can’t bill the customer for more than agreement amount if you enable these options. We
can bill the customer for more than agreement amount if you disable these options

5When, the user is unable to generate invoices or revenues?

Invoices or revenues can’t be generated if funding is not baseline.

6 If you get status completed-error when you run any concurrent

program, what will be the solution?
Periods are not opened in projects.

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7 What happens when you run PRC: Distribute Labor Cost /
Distribute Processes?
Generates debit account & amount. Debit account will pick form auto accounting
& amount will pick form rate schedules.
8 What happens when you run PRC: Generate Cost Accounting
Events?
Generates credit account.
9 What happens when you run PRC: Create Accounting when
process category is labour cost?
Labor cost will be transferred to GL.

10 What happens when you run PRC: Generate Draft Revenue for
a Single Project?
Revenue will be generated.
11 What happens when you run PRC: Generate Draft Invoices for
a Single Project?
Invoice generated.
12 What happens when you run PRC: Interface Invoices to
Receivables?
Invoice information will be transferred to AR.

13 What are the statuses of project related invoices in AR

Unapproved
Approved Released
Transfer to receivables
Accepted in Receivables.

14 What are the statuses of project related revenue?

Unreleased, Released, Accepted.

15 What is the use of Auto Invoice Import Program?

It imports invoices from other modules to AR.

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16 What happens when you run PRC: Tieback Invoices from
Receivables?
Invoice information will transfer from AR to projects.

17 Can I have PA periods differently from GL periods?

Yes.

18 If I want to restrict any member from the project not to see

other employees labour cost, how can you achieve it?
In role setup, don’t assign a role i.e. Labor Cost Query.

19. What is the use of Enforce role-based Security?

If you enable this checkbox, an employee can see their data only in the project. An employee can’t see
other data in the project.

20. What is meant by classifications

It is used for reporting purpose. It is used for the auto accounting purpose. If you are using
classification for auto accounting purpose, we can use only one classification. If you are using
classification for auto accounting purpose, we should enable mandatory checkbox & auto
accounting checkbox. We can’t use more than one classification for auto accounting purpose.
If any classification is mandatory against a project, while defining project type we can specify
as mandatory. While defining project template also we can specify as mandatory. While
defining classifications also, we can specify as mandatory.

21 In how many levels, we can specify classification as mandatory?

At 3 levels, I can specify classifications as mandatory.
1. Classifications
2. project type
3. Project template.

22 Where we can give priority for a project?

Open additional information option in project. There you can see priority of a project, work
type & Role list also.

23. What are the types of evaluations when we submit a tender?

2 types.
1. Technical evaluation
2. Financial evaluation

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24 Why expenditure category expenditure type are required?
If we want to compare actual with budget, we have to enter all the transactions at expenditure
type level but while transferring to GL, it has to be transfer at higher level. To facilitate this
functionality, oracle has given expenditure category expenditure type.

25. What are the mandatory fields when we are entering project
related expenditures?
a. Project no
b. Task no
c. Expenditure type
d. Expenditure organization
e. Expenditure item date.

26 At what level, expenditure categories & expenditure types can

work?
Site level.

27 What is the significance of expenditure type class & List out

expenditure type classes?
Expenditures can be entered based on expenditure type classes. There are 9 expenditure type
classes 1. Strait time
2. Over time
3. Usage
4. Miscellaneous
5. Inventory
6. WIP
7. Expense report
8. Supplier invoice
9. Burden

28 What is the expenditure type class for Non Labor Resources?

Usage.

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 INTERVIEW QUESTIONS
29 Can you tell me what is the UOM for expenditure type class as
expense report?
Currency.

30 Can you enable or disable Rate Required checkbox once

expenditure type is saved?
No.

31. Can you delete expenditure types?

Once we define the expenditure type, we can’t delete but we can give end date for that particular
expenditure

32. If I don’t want to use specific expenditure type for my

transactions, what will be the procedure?
Give specific expenditure type in transaction controls window & mention “NO” in billable
field.

33. Can I restrict the expenditure type based on Operating Unit or

Legal Entity?
No.

34. What is the procedure to enter expenditure type in I -

Expenses?
I. Mention expenditure type class as expense report.
II. UOM must be currency.

35 What is the usage of Raw Cost GL Accounted checkbox?

To restrict the transaction not to send to GL again & again.

36. What is the usage of Allow Adjustment checkbox?

After importing transactions from other modules, we can do modifications for a transaction in
projects.

37. How can you make specific expenditure as non-billable?

In expenditure inquiry window, we can do it by clicking on non-billable option.

38. How can you make entire task as non-billable?

Disable the billable checkbox in Task details.

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 INTERVIEW QUESTIONS

39 How can you make specific expenditure category as non-

billable?
In transaction controls window, specify “no” in billable field.

40. Can you list out Pre approved expenditure batches types?
a. Time cards
b. Usage
c. Miscellaneous
d. Expense report
e. WIP
f. Inventory
g. Burden

41What are the budgets we use when we implement Project

Management module?
a. Cost budget
b. Revenue budget
c. Forecast cost budget
d. Forecast revenue budget.

42 How many levels we can enter the budgets?

There are 4 levels
1. Project
2. Top task
3. Low task
4. Top & low task

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43 If I create a contract project from the existing project which
information will be copied and not copied to new project?
Copied:
1. Customers
2. Cost budget
3. Revenue budget
4. Key members
Not copied:
1. Revenue
2. Invoice
3. Expenditures
4. Agreement
5. Funding

44 If I create a capital project from the existing project which

information will be copied and not copied to new project?
Copied:
1. Asset
2. Asset assignment
Not copied:
1. expenditures

45 How can you bill the customer based on % of work completed?

Using billing extenstions

46 How can you decrease the value of existing asset?

Using Recalculate Raw Cost.

47 How can you increase the value of existing asset?

Using Add to Asset.

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 INTERVIEW QUESTIONS
48 Can you list out distribution rules?
1. Cost/cost
2. Event/event
3. Cost/event
4. Work/work
5. Cost/work
6. Work/event
7. Event/work

49 I have a milestone billing, which event type class I can use?

Scheduled Payment.

50 What is the use of Labor Cost Query?

When you enable this checkbox, employee can see others time cards also.

51 When, we disable Interface Revenue to GL checkbox?

During Data migration. When revenue is handled in AR.

52. Why invoice & revenue generations are different?

According to accounting principles, the revenue should be generated in the same period but we
can bill this revenue to the customer in any period.

53. What are the types of Rate Schedules?

4 types.
Employee rate schedule
Job rate schedule
Non labour
Resource class

54 Can you list out the organizations?

There are 4 types of organizations.
A. Project task owning organization
B. Project expenditure / event organization

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C. Project invoice collection organization
D. Project manufacturing organization

55 Asset Cost Allocation methods such as

1. Actual Units
2. Current Cost
3. Standard Cost
4. Estimation Cost
5. Spread Evenly
6. None
7. Client Extension.

56 What are the statuses of the project?

Submitted
Unapproved
Approved
Rejected
Pending close

Purged
Partially purged
In real time purged, partially purged statuses are not used

57. Can you assign the assets at middle task level?

No.

58. Can you enter the budgets at middle task level?

No

59. Can you go for transaction controls at middle task level?

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No

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