1Z0-511 by Oracle Actual Free Exam Questions And Answers

Question 1

You are setting up an AutoAccounting rule and trying to use "Class Code" as the parameter for that rule. Which setup must exist in order to use "Class Code" as one of the parameters?

A. Enable AutoAccountingfor both Class Category and Class Code.

B. Enable AutoAccounting for the Class Category.

C. Enable AutoAccountingfor one ClassCode ofaClassCategory.

D. EnableAutoAccountingforall the Class Codes ofaClassCategory.

Discussion 0

Correct Answer: C Vote an answer

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Question 2

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

B. Run"PRC: Generate CalendarSchedules."

C. Run "PRC: Rebuild Resource Timeline."

D. Run "PRC: AutomatedCandidate Search."

E. Run "PRC:Refresh project summary amounts."

Discussion 0

Correct Answer: B,C Vote an answer

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Question 3

An organization has specific departments that manage capital projects. How would you ensure that only these departments own capital projects?

A. Use the settings in "Additional Details" of the Project/Task owning organization classification.

B. Use the transaction control Functionality at the project level.

C. Remove the asset definition options from the templates used by departments that arenot managing capital projects.

D. Set up a separate organization hierarchy for the departments that are managing capital projects.

E. Use the Project/Task owning organization hierarchy in the implementation options.

Discussion 0

Correct Answer: A Vote an answer

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Question 4

You have defined a Non-Labor resource "Mini Truck" with an expenditure type "Vehicle" that has a rate of $100. This resource is attached to three Non-Labor resource organizations: "Construction-East," "Construction-West," and "Construction-Central."
How do you set up a rate of $150 for usage charges when the "Mini Truck" owned by "Construction-Central" is charged to a project?

A. Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to"Construction-Central."

B. Create a new rate schedule with a rate of $150 for"Mini Truck"and attach it to the project.

C. In the Non-Labor resources setup, select the"Construction-Central"organization and enter a rate of $150.

D. In the Project setup, enter a rate of $150 for"Construction-Central"in the organization overrides.

E. Write custom code in Non-Labor cost override extension.

Discussion 0

Correct Answer: A Vote an answer

Question 5

A company generates revenue at period end, but bills monthly in arrears. The first project revenue is due to be recognized at the end of May and the first invoice sent to the customer in June. What are the accounting entries at the end of May?

A. Debit: RevenueCredit: Accounts PayableLiability Account

B. Debit:UnbilledReceivablesCredit: Revenue

C. Debit: BankCredit: Revenue

D. Debit: Unearned RevenueCredit: Revenue

E. Debit: Cost of Goods SoldCredit: Unbilled Receivables

Discussion 0

Correct Answer: B Vote an answer

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Question 6

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. Set up the BurdenCostClearing Account AutoAccountingfunction.

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

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

D. Setupthe Total Burdened Cost Credit AutoAccounting function.

E. Set up the Burden Cost Account AutoAccounting function.

Discussion 0

Correct Answer: B Vote an answer

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Question 7

A customer requires budgetary Integration with General Ledger for what will function as an "Approved Cost" budget. The customer also wants project managers to maintain cost budgets derived from the Staffing Plan maintained in the workplan. Which budgeting approach will support this requirement?

A. FinancialPlan-based "Approved Cost" budget and Forms-based "Staffing Plan" budget

B. FinancialPlan-based "Approved Cost" budget and Financial Plan-based "Staffing Plan" budget

C. Forms based "Approved Cost" budget and Forms based "Staffing Plan" budget.

D. Forms-based "Approved Cost" budget and financial Plan-based "Staffing Plan" budget

Discussion 0

Correct Answer: A Vote an answer

Oracle E-Business Suite R12 Project Essentials - 1Z0-511 Exam Practice Test

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