1z0-1057 Free Practice Test

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.)

1. A. billing events
2. B. bill plan
3. C. expenditure items
4. D. billing controls
5. E. invoice method

Correct Answer: BD
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.html#O
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.

Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

1. A. Departments
2. B. Expenditure Types
3. C. Project Templates
4. D. Project Types

Correct Answer: ABD