1Z0-1160-1 practice question 10 of 10

Which two are key benefits of leveraging the Project Cost to Accounting OMBP for assessing project costs?

Full set: 53 questions
Answer options
A: Helps Team Members to manage administrative and project work in a single view
B: Provides a seamless interface to capture and transfer project-related transactions from other Oracle Fusion Applications and External Applications Correct answer
C: Manages indirect cost easily on projects for cost monitoring Correct answer
D: Provides robust search capabilities that align resource demand with qualifications, resumes, and availability of project resources
Correct Answer:
B. Provides a seamless interface to capture and transfer project-related transactions from other Oracle Fusion Applications and External Applications; C. Manages indirect cost easily on projects for cost monitoring
Explanation

The "Project Cost to Accounting" Oracle Modern Best Practice (OMBP) streamlines the lifecycle of capturing, processing, and accounting for project costs. Key benefits include providing a seamless interface to capture and transfer project-related transactions from various Oracle Fusion Applications (such as Payables, Time and Labor, Inventory) and third-party external applications, as well as enabling easy management and allocation of indirect (burdened) costs for precise project cost monitoring. This ensures accurate financial tracking, timely cost recognition, and standardized accounting alignment across the enterprise.

Why Incorrect

A: Managing administrative and project tasks in a single view is a capability of Oracle Project Management team member dashboards, not Project Cost to Accounting. D: Aligning resource demand with qualifications, resumes, and availability is a key capability of Oracle Project Resource Management, not Project Cost to Accounting.

References

Oracle Modern Best Practice for Project Portfolio Management, Process Flow: Project Cost to Accounting.

Oracle Fusion Cloud Project Management Documentation, "Using Project Costing", Section: Process Project Cost Transactions.

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