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:ReceivableCredit:Bank
• B. Debit: Cost of Goods SoldCredit: Unbilled Receivables
• C. Debit: Unearned RevenueCredit: Revenue
• D. Debit: BankCredit: Revenue
• E. Debit:ReceivableCredit: Unearned Revenue

Which three statements are true about Multi-Currency Billing?

• A. Agreements, Events, and Bill Rates have to be in the same current as the Project Functional Currency.
• B. An agreementcan fund invoices in more than one currency.
• C. Agreements,Events, and Bill Rates can all be different currencies than the ProjectFunctionalCurrency.
• D. The Project Currency can be different from theFunctional Currency of the operating unitthat owns the project.
• E. The ProjectCurrency has tobe the same as the Functional Currency of the operating unit that owns the project.

What must be defined to enable a company to use an organization for a straight time expenditure?

• A. Define the organization with the following:
  1.Add the organization classificationsProject/Task Owning Organization and
  ProjectExpenditure/Event Organization.
  2. Add the organization to an organization hierarchy.
  3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.
• B. Define the organization with the Following:
  1.Add the organization classifications HR Organization and ProjectExpenditure/Event
  2.Add the organization to an organization hierarchy.
  3.Define Organization Labor Costing Rules.
• C. Define the organization with the following:
  1.Add the organization classifications Project Expenditure/Event Organization.
  2.Add the organization to an organization hierarchy.
  3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.
• D. Define the organization with the Following:
  1. Add the organization classifications HR Organization and ProjectExpenditure/Event
  2.Add the organization to anorganizationhierarchy
  3. Add the organization hierarchy to the appropriate Oracleprojectimplementation option setting
• E. Define the organization with the Following:
  1.Add Cost Centreas the Organization type.
  2.Add an organization classification ofHR Organization.
  3.Add the organizationto anorganization hierarchy.

You have defined a Non-Labor resource "Mini Truck" with an expenditure type "Vehicle" that has a rate of $100. This resource is attached to three Non-Labor resource organizations: "Construction-East," "Construction-West," and "Construction-Central."
How do you set up a rate of $150 for usage charges when the "Mini Truck" owned by "Construction-Central" is charged to a project?

• A. Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to"Construction-Central."
• B. Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to the project.
• C. Write custom code in Non-Labor cost override extension.
• D. In the Project setup, enter a rate of $150 for"Construction-Central"in the organization overrides.
• E. In the Non-Labor resources setup, select the"Construction-Central"organization and enter a rate of $150.