Learn about the two key workflows in Oracle Project Financial Management: Expenditure Item Adjustment and Project Status Change. Understand their roles in managing project finances effectively.
Table of Contents
Question
Which two are the workflows in Project Financial Management? (Choose two.)
A. Capital Interest Calculation
B. Project Status Change
C. Expenditure Item Adjustment
D. Burden Cost Recalculation
E. Asset Line Generation
Answer
B. Project Status Change
C. Expenditure Item Adjustment
Explanation
Project Status Change workflow enables project managers to update the status of a project, such as from “Active” to “Closed”. This workflow ensures proper approvals and notifications are triggered when a project’s status changes, helping maintain accurate project tracking and reporting.
Expenditure Item Adjustment workflow allows adjustments to be made to expenditure items, such as correcting errors or making necessary modifications. This workflow routes the adjustment request through the appropriate approval process, ensuring financial integrity and compliance with organizational policies.
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