1Z0-511 Online Practice Questions and Answers
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.
What must be defined to enable a company to use an organization for a straight time expenditure?
A. Define the organization with the Following:1. Add Cost Centreas the Organization type.2. Add an organization classification ofHR Organization.3. Add the organizationto anorganization hierarchy.
B. Define the organization with the Following:1. Add the organization classifications HR Organization and ProjectExpenditure/Event2.Add the organization to anorganizationhierarchy3. Add the organization hierarchy to the appropriate Oracleprojectimplementation option setting
C. Define the organization with the following:1.Add the organization classificationsProject/Task Owning Organization and ProjectExpenditure/Event Organization.2. Add the organization to an organization hierarchy.3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.
D. Define the organization with the following:1. Add the organization classifications Project Expenditure/Event Organization.2. Add the organization to an organization hierarchy.3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.
E. Define the organization with the Following:1. Add the organization classifications HR Organization and ProjectExpenditure/Event2. Add the organization to an organization hierarchy.3. Define Organization Labor Costing Rules.
An employee has entered eight hours of billable time on a project. You want only three hours to be billable and five hours to be nonbillable. What is the adjustment action that should be applied on this expenditure item?
A. Transferthe item.
B. Change the billable status.
C. Split the item.
D. Apply billing hold.
E. Change quantity.
Which three statements are correct about defining a cost budget for a project?
A. You can enterbudget amount atthe project level, the top task level, or the lowest task level.
B. Youcan enterbudget amount only at the lowest task level.
C. You can enterbudget amountfora combination of lowest task and a labor resource.
D. Youcan enterbudget amount only at the top task level.
E. You can enterbudget amount for a combination of lowest task and a Non-Labor resource.
F. You cannot enterbudget amount for a combination of lowest task and a Non-Labor resource.
Which types of rate schedules should be defined to allow rates to be used to generate financial plans?
A. Job Labor Rates ScheduleNon Labor Rate Schedule
B. Resource Class SchedulePlanning Rate ScheduleLabor Rates Schedule
C. Resource Class ScheduleLabor Rates ScheduleNon Labor Rate Schedule
D. ResourceClass SchedulePlanning Rate ScheduleNon LaborRates Schedule
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
In a manufacturing company, there is a need to define 50 different jobs for engineers in Human Resources. For those 50 jobs, Oracle Projects has only 20 equivalent jobs for Billing. What functionality do you use to link these Human Resources and Projects jobs?
A. Job Groups
B. Job Families
C. Job Mapping
D. JobLevels
E. Job Hierarchy
A project manager wants to create a revenue budget based on the project agreement and allocated funding. How can this be achieved?
A. by manually creatingarevenue budget
B. by selecting Funding revaluation in the systemimplementation options.
C. by selecting the "baseline project without budget" option, which will createa revenue budgetautomatically based on project funding
D. by selecting Invoiceat top taskfor the project
E. by setting transaction controls
A customer has provided a purchase order for $100k. The customer issues an additional $20k to the original purchase order. How would you invoice the total amount of $120k on only one invoice as per the terms of the contract?
A. Create a separateagreement and funding for $20k.
B. Update the existing agreement value to $120k and add an additionalfunding line against the project for $20k.
C. Update the cost budget to $l20k.
D. Createa manual invoice in Accounts Receivable for the additional value.
E. Update any existing transactionsto allow billing to the new amount.
Which statement is true about the use of the calendar assigned to a project?
A. It is thedefault calendar assigned to resource requirements for the project.
B. It isthedefault calendar for the automatic generation of cost forecasts in Financial Plans.
C. It is the default calendar used for determining accounting periods.
D. It is used in the determination of currency exchange rates.
E. It is used by date-dependent system workflows.
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