1Z0-511 practice question 2 of 15

Which statement is true about the use of the calendar assigned to a project?

Full set: 70 questions

Answer options

A: It is the default calendar assigned to resource requirements for the project.

B: It is the default calendar for the automatic generation of cost forecasts in Financial Plans.

C: It is the default calendar used for determining accounting periods. Correct answer

D: It is used in the determination of currency exchange rates.

E: It is used by date-dependent system workflows.

Correct Answer:

C. It is the default calendar used for determining accounting periods.

Explanation

When you implement Oracle Projects, you can select the calendar used to maintain PA periods. PA Period Type Specify a Period Type, which is used to copy Project Accounting Periods from the calendar associated with the ledger. If you copy PA Periods from GL, Oracle Projects copies all of the periods of this Period Type to set up the PA Periods. In a multiple organization environment, the PA Period Type is specified for each operating unit.
Reference: Oracle Projects Implementation Guide, Implementation Options

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