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Q21. 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. 

Answer: B,C 

Explanation: 

Note: 

*You can set up two types of project structures in Oracle Projects: 

/Workplan structures consist of tasks that help project managers and team members plan, 

track, and deliver projects on time. 

/Financial structures consist of tasks that help project managers and financial 

administrators track billing, costs, budgets, and other financial information for individual 

projects. 

*If you enable both a workplan structure and a financial structure for your project or project 

template, you can decide whether or not they are integrated, and if so, to what degree. You 

do this by choosing one of the following options on the Structures setup page: 

/Shared Structures: Enables you to generate a financial structure with a task hierarchy that is fully shared by the workplan structure task hierarchy. Workplan and financial structures are fully shared by default. 

/Partially Shared Structures: Enables you to generate a financial structure that is partially shared by the workplan structure hierarchy. 

/Non-Shared: Task-Based Mapping: Enables you to map individual workplan structure tasks to individual financial structure tasks. 

/Non-Shared: No Mapping: Choose this if you do not want to integrate your project workplan and financial structures in any way. 


Q22. 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 one ClassCode ofaClassCategory. 

B. EnableAutoAccountingforall the Class Codes ofaClassCategory. 

C. Enable AutoAccounting for the Class Category. 

D. Enable AutoAccountingfor both Class Category and Class Code. 

Answer:

Explanation: *AutoAccounting Parameter: ClassCode 

AutoAccounting class code on the project. 

Note: Since you can define many project classification categories, the Class Code 

parameter always corresponds to the one classification category that you specified as the 

AutoAccounting classification category. 

Reference:Oracle Projects Implementation Guide 


Q23. 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. 

Answer:

Explanation: 

Note: *When you merge supplier information you have different options. You can choose to merge both invoices and purchase orders. If you choose to merge invoices, then you can merge all invoices or just unpaid invoices. When you choose to merge all invoices, any associated payments are merged as well. 

*Supplier Merge 

You can merge suppliers in Oracle Payables to maintain your supplier records. This functionality enables you to merge duplicate suppliers into a single, consolidated supplier. You can use it to merge transactions within the same supplier from one supplier site to a different supplier site. You can also choose to merge all transactions for a supplier into a new supplier, or you can choose to merge only unpaid invoices. 

The supplier merge program in Oracle Payables updates the supplier references on related transactions in Oracle Projects. 


Q24. 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 

Answer:

Explanation: You can automatically create and baseline an Approved Revenue Budget for a project by checking the Baseline Funding without Budget check box in the Project Funding Inquiry window. 

Note:Budget/Fund/Bill at Project or Top Task Level 

You can create a revenue budget, funding source allocation and project agreement, and perform billing at either the project or the top task level. After you have created an allocation line at either level, you cannot change to another level. For example, if you have created a funding allocation for a top task, you cannot create another funding allocation for the same project without entering a top task. 

Reference:Oracle Project Contracts Implementation Guide 


Q25. 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. 

Answer:

Explanation: You can split an item into two items so that you can process the two resulting split items differently. For example, you may have an item for 10 hours, of which you want 6 hours to be billable and 4 hours to be non-billable. You would split the item of 10 hours into two items of 6 hours and 4 hours, marking the 6 hours to be billable and 4 hours to be non-billable. 

The resulting split items are charged to the same project and task as the original item. Reference:Types of Expenditure Item Adjustments 


Q26. 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 

Answer:

Explanation: 

Note: 

* Payroll *Time & Labor. There are many reports within Oracle Time & Labor to gather data about timecards entered through self-service and to gather data about timecards that you have transferred to the professional forms timecard window. 

Reference:Oracle Time and Labor Implementation and User Guide 


Q27. 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. 

Answer:

Explanation: 

. If you enable the.Project Task Owning Organization.classification, you must also 

specify the additional organization information for the classification as follows: Note: You must select Yes, even though you cannot create contract projects in Oracle Grants Accounting. Oracle Grants Accounting uses contract projects to process revenue and invoices for awards. Oracle Grants Accounting uses an underlying award project to process revenue and invoices. The award project is a contract class project. 

. uk.co.certification.simulator.questionpool.PList@bcd4600 

Reference:Oracle Grants Accounting User Guide,Entering Organization Classifications 


Q28. 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. 

Answer: A,C 

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

Reference:Project Billing Made Easy Using Invoice Consolidation 


Q29. Your customer has set up a contract project with a distribution rule Work/Work. Identify three setup options to: 

. Charge labortransactions revenue and all othernonlabortransactionsrevenue to separate accounts . Generate separate invoice lineamountsforlaborand nonlabortransactions 

A. Setup revenue categories as required. 

B. Definerevenue accountsatthe revenue category setup level. 

C. Define AutoAccounting rules to derive revenue account based on revenue category. 

D. Definegrouping option byrevenuecategoryon the invoice format and attach the invoice format at the project type level. 

E. Define grouping option by revenue category on the project type. 

Answer: A,C,D 

Explanation: 

Note: 

Revenue and Billing Information 

When you enter revenue information for your project, you specify a revenue distribution rule for the revenue accrual method and the billing method for this project. When you enter billing information, you specify invoice formats, bill cycle days, and other invoicing information. 

The project type determines which revenue distribution rule appears as the default value for this field, and which other revenue distribution rules you can choose from. Oracle 

Projects predefines the following revenue distribution rules: 

Cost/CostAccrue revenue and bill using the ratio of actual cost to budgeted cost (percent spent). 

Cost/EventAccrue revenue using the ratio of actual cost to budgeted cost (percent spent), and bill based on events. 

Cost/WorkAccrue revenue using the ratio of actual cost to budgeted cost (percent spent), and bill as work occurs. 

Event/EventAccrue revenue and bill based on events. 

Event/WorkAccrue revenue based on events, and bill as work occurs. 

Work/EventAccrue revenue as work occurs, and bill based on events. 

Work/WorkAccrue revenue and bill as work occurs. 


Q30. A customer has two operating units: US and Ireland. A project that is set in the Ireland operating unit requires the services of employees from the US operating unit. 

Identify three mandatory steps that must be completed for the employees in the US to enter their time on the project and for costs to be successfully distributed. 

A. Set up Internal Billing Implementation optionsin US and Ireland. 

B. Define providercontrolsin US and receiver controlsin Ireland. 

C. Setup a new transaction source to receive Intercompany transactions in Ireland. 

D. For theprojectinIreland, select "Allow Cross Charges to all Operating Units within Legal Entity". 

E. For the projectin Ireland,set up transaction controls to allow charges from other operating units. 

Answer: B,C,D 

Explanation: B:Provider and Receiver Controls Setup 

For each provider operating unit or receiver operating unit involved in the cross charge, the Provider/Receiver Controls window Provider Controls and Receiver Controls tabs specify: 

The cross charge method to use to process intercompany cross charges and to override default cross charge method for inter-operating unit cross charges. 

Attributes required for the provider operating unit to process intercompany billing to each receiver operating unit. This includes the Intercompany Billing Project and Invoice Group. 

Attributes required for the receiver operating unit to process intercompany billing from each provider operating unit. This includes the supplier site, expenditure type and expenditure organization. 

* (C)Intercompany Billing Accounting Companies choose the intercompany billing method largely due to legal and statutory requirements. When you use this method, Oracle Projects generates physical invoices and corresponding accounting entries at legal transfer prices between the internal seller(provider) and buyer (receiver) organizations when they cross a legal entity boundary or operating units. 

* (D)Overview of Cross Charge 

When projects share resources within an enterprise, it is common to see those resources shared across organization and country boundaries. Further, project managers may also divide the work into multiple projects for easier execution and management. The legal, statutory, or managerial accounting requirements of such projects often present complex operational control, billing, and accounting challenges. 

Oracle Projects enables companies to meet these challenges by providing timely information for effective project management. Project managers can easily view the current total costs of the project, while customers receive bills as costs are incurred, regardless of who performs the work or where it is performed. 

Reference:Oracle Project Costing User Guide,Cross Charge