1Z0-511 Online Practice Questions and Answers
Refer to the exhibit.
In your company's Expenditure/Event Organization Hierarchy, organization labor costing rules are assigned to all organizations except San Jose. What happens when you run the "PRC: Distribute labor costs" program for a timecard transaction entered by an employee from the San Jose organization?
A. Therule assignedfor SanFranciscotakes precedence and the transaction will hesuccessfully a distributed.
B. The rule assigned for USA takes precedence and thetransaction will he successfully cost distributed.
C. The rule assigned for California takes precedence and the transaction will be successfullycostdistributed.
D. The program ignores this transaction, because no labor costing ruleis assigned for San Jose.andcompletesnormally.
E. The program completes normally. However, the output will have this transaction under the exceptions sectionwith a message "No Labor costing rule assigned for organization."
A new contract project is created for work for a customer by using event-based billing. A decision has been made to give a discount to the customer on a particular invoice. You want to apply this discount and reduce the invoice without
affecting revenue.
Which event type should be used to achieve this?
A. Manual
B. Invoice Reduction
C. Deferred Revenue
D. Automatic
E. ScheduledPayment
Company ABC wants to deploy workplan task structures where the lowest tasks represent deliverables. They want to collect costs at a level higher than the lowest tasks for groups of deliverables. Which two task structure relationships are available for them to consider?
A. Define the structures as Fully Shared.
B. Utilize Task-based mapping structures.
C. Defineaseparate branch of task hierarchy for deliverables.
D. Define a separate branch of task hierarchy for cost collection.
E. Definethe structures as Partially shared.
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."
A client requires a project definition that allows for charging expenditures to the project at a higher Work Breakdown Structure level than where the manually entered percentage complete progress is captured. Which three Shared Structure relationships will support this requirement?
A. Shared
B. Partially shared
C. Mapped
D. Not shared
E. Vertical
A company generates revenue at period end, but bills monthly in advance. The customer is invoiced in April with project starting in May and the first project is due to be recognized at the end of May. What are the accounting entries at the end of May?
A. Debit: Cost of Goods SoldCredit: Unbilled Receivables
B. Debit: Unearned RevenueCredit: Revenue
C. Debit:ReceivableCredit:Bank
D. Debit:ReceivableCredit: Unearned Revenue
E. Debit: BankCredit: Revenue
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.
A customer is using Oracle Payables and Oracle Projects. The customer has two suppliers set up with names X and Y, respectively. Supplier Y has been merged with Supplier X. The Supplier Merge Program is run from the Supplier Merge option in Oracle Payables and you have chosen to merge all transactions. What will happen to the supplier references on transactions related to Supplier Y that are already interfaced to Oracle Projects?
A. The Supplier Merge Program does notimpact any supplier transactions that are already interfaced to Oracle Projects.
B. The SupplierMerge Program completes with error,the merge is not possible because transactionsrelated to Supplier Y are already interfaced to Oracle Projects.
C. The supplier references to Supplier Y will be modified to Supplier X for all transactions existing in Oracle Projects.
D. The transactionsrelatedto Supplier X and Y will be deleted from Oracle Projects.
E. The transactions related to Supplier Y will be deleted from Oracle Projects.
A customer needs to enable all employees to enter timecards through the web against projects and tasks. What needs to be implemented to allow time to be recorded in Projects?
A. Project CostingOracleTime andLaborHuman Resources
B. OracleTime andLaborPayrollPurchasing
C. Project CostingProject ManufacturingHuman Resources
D. Projects Resource ManagementOracleTime and LaborHuman Resources
E. Project CostingOracle Time and LaborHuman ResourcesPayroll
A customer enables transaction controls at the Project level. Oracle Project Costing checks the control when the customer ________.
A. transfers an expenditure item to another task of the same project
B. runs the PRC: Distribute Labor Costs concurrent program
C. runsthe PRC: Transaction Import concurrent program
D. entersaproject-related invoice distributionin Oracle Payables
E. enters an online or preapproved expenditureitem
You have set up a capital projects "Building Construction" with task "Block A." Which method should be used to capitalize the transactions charged to "Block A" with the expenditure type "Construction Costs" and expense the transactions charged to "Block A" with the expenditure type "Overheads"?
A. In the Expenditure type setup, mark"Overheads"as Non-capitalizable.
B. Set up transaction controls at the"Block A"task to make"Overheads"Non-capitalizabale.
C. Define the"Block A"task as Non-capitalizable.
D. Exclude"Overheads"from Capitalization in Asset assignments.
E. Use Asset Lines Processing Extension.
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.
The Finance Director is concerned that some of his or her project revenue may be overstated. What it should be reviewed to understand the revenue position on each project?
A. the ProjectStatus Inquiry to review the project's margin figures
B. the expenditure inquiry to understand the project's revenue position against the invoice position
C. the Project Summary unbilled receivables and unearned revenue report, which will identifyallunearned revenue
D. the revenue reviewform to inquire on the amount of revenue raised and invoices raised on aproject
E. theinvoice review form to inquire on the amount of revenueraised and invoices raised on project
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
An organization has specific departments that manage capital projects. How would you ensure that only these departments own capital projects?
A. Use the transaction control Functionality at the project level.
B. Use the settings in "Additional Details" of the Project/Task owning organization classification.
C. Remove the asset definition options from the templates used by departments that arenot managing capital projects.
D. Use the Project/Task owning organization hierarchy in the implementation options.
E. Set up a separate organization hierarchy for the departments that are managing capital projects.
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