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NEW QUESTION: 1
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.)
A. billing controls
B. bill plan
C. expenditure items
D. billing events
E. invoice method
Answer: A,B
Explanation:
Explanation
Ref:https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjb/create-customer-contract.htm Bill Plan -Createa 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 -Contractfeaturethat 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.
Topic -Creating a Contract for Percent Spent Invoice and Revenue Methods: Worked Example This example describes a scenario where transactions for a contract line need to be invoiced and the revenue recognized using the percent spent method.
What are the revenue and invoice method classifications?Percent Spent
What is the billing extension calculation level for the contract line and project association?Project level Summary of the Tasks Create a contract, create the percent spent contract lines, create the bill plan, create the revenue plan.
Prerequisites
* Create a project.
* Create the project plan for percent spent revenue. Specify the plan type on the percent spent billing extension.
* Create an approved cost budget.
* Create cost and burden rates.
* Enter labor and expense transactions for the project.
* Collect costs for the transactions.
Configuration Steps
* Creating the Contract
* Creating the Percent Spent Contract Lines
* Creating the Bill Plan - 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.
* Creating the Revenue Plan - Common set of instructions for recognizing revenue within a contract.
Multiple contract lines on a contract can use the same or different revenue plans.
Invoice method classifications determine how transactions are invoiced. The invoice method determines how invoice amounts are derived.
* Enter an invoice method on a bill plan, which you create for a contract and assign to contract lines to provide a set of instructions for creating an invoice.
* Createbilling controlsfor a contract or contract line to define the valid transaction dates, billing resources, and amount limits for transactions associated with the contract.
* Generate invoices to calculate the invoice amounts for a contract.
The following figure illustrates the components of a project and a contract that determine invoice amounts, and the relationships between the components.
Project and contract components used to determine invoice amounts and generate invoices.

NEW QUESTION: 2
You need to recommend a solution for data of the historical transaction query system.
What should you include in the recommendation? To answer, Select the appropriate or options in the answer area.
NOTE: Each correct selection is worth one point

Answer:
Explanation:

NEW QUESTION: 3
After registering new data sources, you must complete your Bill Presentment Architecture by creating database views. How many database views can you create for each data source?
A. Three
B. Nine
C. Unlimited
D. One
Answer: C

CCNP Collaboration is omnipresent all around the world, and the business and software solutions provided by them are being embraced by almost all the companies. They have helped in driving thousands of companies on the sure-shot path of success. Comprehensive knowledge of CCNP Collaboration products is considered a very important qualification, and the professionals certified by them are highly valued in all organizations.