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Question 1:

In which two circumstances would it be appropriate to deselect the “Interface Revenue to GL” option in System Implementation Options, before you run the Interface to GC?

A. During data migration ifRevenue is already in General Ledger

B. When Revenueis handled in Accounts Receivable

C. WhenAutoAccounting isincorrect and the Revenue interfacing to GeneralLedger needs to be puton hold.

D. When Financewants to reconcile Unbilled Receivables/Unearned Revenue

E. When Revenuewas generated in errorforallprojects in Released status, and needs to becorrected.

Correct Answer: AB

A: If the revenue amounts are already interfaced to General Ledger (GL) through a different interface, then uncheck the `Interface Revenue to GL\’ option in the implementation options and run the `Interface Revenue to GL\’ process in Oracle projects. This will turn the flags in the revenue records as accepted in GL, though it is not interfaced. Once this is done, revert back the implementation option back to its original state.


Question 2:

Identify the four different levels where transaction controls are defined.

A. Expenditure Categories

B. Expenditure Organization

C. Employee

D. Project Organization

E. Expenditure Type

F. Person Type

Correct Answer: ACDE

You can configure transaction controls by the following:

(A)Expenditure Category (C)Employee (E)Expenditure Type Non-Labor Resource


Question 3:

Which three types of People Resources does Oracle Projects support?

A. Team Roles

B. Straight Time

C. Jobs

D. Item

E. Named Person

Correct Answer: ACE

Note:

*People resources represent named persons or any grouping of named persons(E)by attributes such as job(C), organization, or role(A), whose time (effort) capacity is consumed to complete the project work. Example: Amy Marlin


Question 4:

An organization posts project costs to the balance sheet as they are incurred. Each month they recognize project revenue on each project.

Select the option that ensures that costs are credited from the balance sheet and debited to profit and loss as revenue is recognized.

A. Use events for project revenue and use GL journals to carry outthe relevant account postings.

B. Implement a projectrevenue extensionwithappropriate event types and AutoAccountingdefinition.

C. Usemiscellaneoustransactions to generate revenue with the appropriate AutoAccountingdefinition.

D. Use preapproved batches with a class type of “Work in Process” to generate revenue withthe appropriate AutoAccounting definition.

Correct Answer: B


Question 5:

A one-time additional public holiday has been announced for this year. You update the PA Calendar, which is used for Resourcing with this exception. Select the two options required to ensure that this change is reflected in the existing assignment on resource calendars.

A. Run”PRC: Generate CalendarSchedules.”

B. Run “PRC: Rebuild Resource Timeline.”

C. Inform Resource Managers that they will have to redo all the existing planning.

D. Run “PRC: AutomatedCandidate Search.”

E. Run “PRC:Refresh project summary amounts.”

Correct Answer: AB

Changes to these calendars impact the schedules of the person resources, requirements, and assignments differently. Oracle Project Resource Management provides the following administrative processes to help manage these changes and to maintain consistent schedule information throughout the application: PRC: Generate Calendar Schedule for a Single Calendar

PRC: Generate Calendar Schedules for a Range of Calendars PRC: Rebuild Timeline for a Single Resource

PRC: Rebuild Timeline for a Range of Resources


Question 6:

A project has two customer billing elements. One part of the project is based on a fixed fee and the other part is a variable based on a cost plus basis. The customer requires separate invoices for fixed fee elements and variable works elements. How can agreements be used to provide separate invoices?

A. Createeach element as a top task and implement top task billing for the project.

B. Create each element as a top task on the project and create an agreement for variable works and onefor fixed fee.Then fund the project at the top task level.

C. Have one agreement and create an invoice grouping rule in Accounts Receivable.

D. Create oneagreement and fund the project.

E. Use billing events and create separate events per purchase order.

Correct Answer: B

One Customer, Multiple Agreements

Use multiple agreements when you have one customer, but a requirement to create a separate invoice for each top task.

You can use this method to accrue revenue cost-to-cost or impose hard or soft revenue limits by task, as well as automatically create separate invoices by task.

To create separate invoices by task, you must use a different agreement to fund each task. If you use more than one agreement for a single task, the agreements are used according to the precedence described earlier for projects.


Question 7:

An organization wants to consolidate work based billing across multiple projects (produce one invoice for a single customer based on multiple contract projects). Which two methods will help them accomplish this?

A. Create draft Invoices against individual projects, and consolidate them in Receivables.

B. Create a program. All costs will roll up to the program level and the program can be billed.

C. Run theinvoice consolidation concurrent request to produce a singleinvoice.

D. Carry out billing against top tasks across any projects with the same ServiceType.

E. Use inter-project billing so that individual contract projects invoice a single project which, in turn, bills the customer.

Correct Answer: AC

C:Consolidated Invoicing allows you to consolidate multiple project invoices into one single invoice.


Question 8:

You have imported Labor transactions into Oracle Projects from Oracle Time and Labor by running the “PRC: Transaction Import” program.

What is the correct sequence to run the concurrent programs listed below to transfer the cost and accounting entries of these transactions to General Ledger?

1. PRC: Distribute Labor Cost 2.PRC: Transfer Journal Entries to GL 3.PRC: Create Accounting (with the Transfer to GL option set to “No”) 4.PRC: Interface Labor Costs to GL 5.PRC: Generate Cost Accounting Events 6.PRC: Distribute and Interface tabor costs to GL

A. 1, 3, 6

B. 1, 5, 3, 4

C. 1, 5, 3, 2

D. 1, 2

E. 3, 6

Correct Answer: C

The following activities take place as part of the expenditures process flow for labor costs:

If you define your own detailed accounting rules in Oracle Subledger Accounting, then Oracle Subledger Accounting overwrites default accounts, or individual segments of accounts, that Oracle Projects derives using AutoAccounting.


Question 9:

Identity three transactions that can be entered as a pre-approved expenditure batch:

A. Burden

B. Supplier Invoices

C. Usages

D. Expense Reports

E. Miscellaneous

Correct Answer: ADE

Pre-approved expenditures are timecards, expense reports(D), usage logs, miscellaneous transactions(E), burden transactions(A), inventory transactions, and work in process transactions usually completed on paper and approved by a supervisor. You enter pre-approvedexpenditures into Oracle Projects in batch mode, generally on a weekly basis. After you enter the batches into the system, you submit them for review and then release them for cost distribution.


Question 10:

An organization has agreed to bill rates based on a person\’s job, which are updated annually. The rates are recorded on a default bill rate schedule that is attached to each project. An employee has and HR assignment job of Consultant. However, the employee is temporarily working on a project as a Project Manager. What is the correct way to ensure that the employee\’s time is billed correctly?

A. Amend the employee\’s HR assignment to Project Manager.

B. Add the employee as a separate line to the defaultbill rate schedule.

C. Use the transaction controlfunctionalityat the project level.

D. Use the assignment override at the project level.

E. Use the employee bill rate override at the project level.

Correct Answer: D

Job Assignment Overrides You can override both an employee\’s job assignment and an employee\’s billing title for this project or lowest level task. When you override an employee\’s job assignment, the new job assignment determines bill rates for the employee\’s billing on this project or lowest task (if this task uses job bill rates). You can choose any active job in the Oracle Applications database.

When you override an employee\’s primary billing title, the new billing title appears on future invoices for this employee\’s billing (if this project\’s labor invoice format displays an employee billing title). Any job assignment override you enter for this project or lowest task takes precedence over any project job assignment override.


Question 11:

Your company has set up the burdening functionality to capture the overheads incurred on all projects. They have decided to store these overhead costs as a separate expenditure item on the same project and also charge it to a separate expense account. Which step would you perform to set up the required expense account?

A. Setup the accountat the expenditure typedefined for the Burden transaction.

B. Setupthe Total Burdened Cost Credit AutoAccounting function.

C. Set up the Burden Cost Account AutoAccounting function.

D. Set up the BurdenCostClearing Account AutoAccountingfunction.

E. Set up the accountatthe expenditure category defined for the Burden transaction.

Correct Answer: A

Storing Burden Costs as a Separate Expenditure Item on the Same Project

You can choose to hold the burden cost components as a separate expenditure item on the same project. The expenditure items storing the burden cost components are identified with a different expenditure type that is classified by the expenditure type class Burden Transaction.


Question 12:

Your company wants to define all its equipments as Non-Labor resources to track the cost incurred on the usage of these equipments, when defining the equipment. When defining the equipment as a Non- Labor resource in the system, you

need to assign an expenditure type to it. What kind of expenditure type to it.

What kind of expenditure type can be assigned to a Non-Labor resource?

A. expenditure type defined withExpenditureType Class as Work in Process

B. expenditure type defined with ExpenditureType Class as Burden transactions

C. expenditure type defined withExpenditure Type Class as Supplier Invoices

D. expenditure type defined with Expenditure Type Class as Miscellaneous Transactions

E. expenditure type defined with Expenditure Type Class as Usages

Correct Answer: D

Oracle Projects uses the following expenditure type classes to process non-labor project costs: *Usages – Asset usage costs are interfaced to Oracle General Ledger. *Supplier Invoices – Oracle Payables supplier invoices are interfaced from Oracle Payables to Oracle Projects. *Miscellaneous Transaction – Miscellaneous Transactions are used to track miscellaneous project costs. This expenditure type class is similar to usages. The difference is that, for miscellaneous transactions expenditure items, you are not required to specify a non-labor resource or a non-labor resource organization, as you are for usage expenditure items. Miscellaneous transactions may be used for the following costs: Fixed assets depreciation Allocations Interest charges *Burden Transaction – Burden transactions track burden costs that are calculated in an external system or calculated as separate, summarized transactions. These costs are created as a separate expenditure item that has a burdened cost amount, but has a quantity and raw cost value of zero. Burden transactions are interfaced to Oracle General Ledger. As with any other transaction in Oracle Projects, you can adjust and capitalize burden transactions, or accrue revenue or generate invoices for these transactions. *Work In Process – This expenditure type class is used for Project Manufacturing WIP transactions that are interfaced from Manufacturing to Oracle Projects. You can also use this expenditure type class when you import other manufacturing costs via Transaction Import or when you enter transactions via pre-approved batch entry.


Question 13:

A company is using Project Billing. To meet their billing requirements, the company has Set up various revenue categories. Identify four places where the company can use these revenue categories in Oracle Project.

A. Setting upTransaction Controls using Revenue Categories.

B. GroupingExpenditureTypes by RevenueCategories.

C. GroupingEventTypeRevenue Categories.

D. Defining Rate Schedules using Revenue Categories.

E. Setting up AutoAccountingRules using Revenue Categories.

F. EnteringBudgets using RevenueCategories.

Correct Answer: BCEF

Revenue categories are used for grouping expenditure types(B)and event types(C)for revenue and billing You can use revenue categories for budgeting(F), for reporting purposes, and in your AutoAccounting rules(E). Revenue Categories

are also used for grouping expenditure types for revenue and billing(B).

Note:

*A revenue category describes a source of your organization\’s revenue. For example, a revenue category with a name such as Labor refers to labor revenue.


Question 14:

After receiving supplier costs from the Oracle Payables Supplier Invoices transaction source vow customer wants to perform adjustments in Oracle Projects. Which three setups should exist?

A. AutoAccounting for Supplier Cost Credit Account

B. TransactionSource enabled for Adjustments

C. Default Supplier Cost Credit Account under project implementation options

D. Project/Task level Transaction Controls

E. AutoAccountingfor Supplier Invoice Cost Account

Correct Answer: BCE

C:If you enable the Allow Adjustments option for a predefined transaction source for supplier costs, you must complete at least one of the following setup steps:

/(C)Specify the default supplier cost credit account for supplier cost adjustments in Oracle Projects implementation options for each operating unit.

/Define a rule in Oracle Subledger Accounting to determine the supplier cost credit account.

This setup is required for the process PRC: Create Accounting to successfully create accounting for supplier cost adjustments. Oracle Projects displays a message asking you to validate the setup each time that you enable the Allow

Adjustments option for a predefined transaction source for supplier costs.(B)

E:You can adjust the supplier cost expenditure items in Oracle Projects to transfer or split the items. Oracle Projects processes these supplier invoice adjustments using the Supplier Invoice Cost Account AutoAccounting function.


Question 15:

Which project class type can include revenue budgets?

A. Capital

B. Indirect

C. Contract

D. Capital and Indirect

E. Capital and Contract

Correct Answer: C

Note:

*Allow Revenue Budget Entry. Indicates if you allow entry of revenue budget types. You may choose to not allow entry of revenue budgets for indirect or capital projects. You must enter a revenue budget for a contract project before it can

accrue revenue and be billed.


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