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2016 Sep 1Z0-511 exam answers
Q11. 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.
*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
*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.
Q12. Identify three transactions for which Oracle Project Costing enforces budgetary controls.
A. project-related purchase requisitions and purchase orders entered in Oracle Purchasing
B. expense reports entered In Oracle iExpenses
C. supplier invoices entered in Oracle Payables
D. contingent worker purchase orders entered in Oracle Purchasing
E. employee timecards entered in Oracle Time and Labor
*Enable Budgetary Controls and Encumbrance Accounting
To use budgetary controls, you must implement budgetary control and encumbrance
accounting for the ledger in Oracle General Ledger and enable encumbrance accounting in
Oracle Payables or Oracle Purchasing.Encumbrance accounting automatically creates
encumbrances for requisitions, purchase orders, and invoices.
*PSA: Budgetary Control Report Template
This profile option can be set at the site, application, responsibility, and user levels. You
must select Budgetary Control Results Template as the value for this profile option to
enable users to view funds check results from Oracle Purchasing and Oracle Payables
after a funds check.
Reference:Oracle Projects Implementation Guide,Implementing Oracle Project
Q13. Your client has expressed a desire to produce and summarize invoice lines for Non-Labor transactions by type of expenditure based on high level tasks of the project.
Which invoice formal grouping should he used to achieve this?
C. Revenue Category,Expenditure Category, Top Task
D. TopTask,Expenditure Category
E. TopTask, Revenue Category, Expenditure Category,Expenditure Type
*Oracle Projects processes tasks based on their position in the structure. The three distinct
Top Task: A task whose parent is the project Mid Task: A task that is not a top task or a lowest task Lowest Task: A task that is at the bottom of the structure, without any child tasks *You can configure transaction controls by the following: Expenditure Category
Employee Expenditure Type Non-Labor Resource
Q14. 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.
Explanation: A:You can budget at the project, top task, or lowest task level.
*When you create budgets and forecasts that do not use budgetary control and budget
integration features, you can choose to enter budget and forecast amounts at any level of
the financial structure by selecting one of the following lowest level planning level options:
When you choose the Lowest Task option, you can enter amounts at all levels of the financial structure including top tasks, middle-level tasks, and lowest tasks. You can also enter amounts at multiple task levels within the same branch of the financial structure. Oracle Projects treats theamounts that you enter at each task level as incremental amounts that roll up into the total amounts for the project.
Q15. A company requires advance payments for their contract projects. How would they ensure that for specific types of work they always have an advance payment?
A. Create a specific agreement type and use the advance receipts required extension toensure that theseagreements require advancepayments.
B. Set the customer profilein Accounts Receivable to require advance payments.
C. Createa transaction control for specificagreement types to ensure thatadvance paymentsare received.
D. Entera negative agreement value andfunded amount.
E. Fund the projects with a dummy agreement.
Note: *You can set up an agreement to require advance payments by selecting the Advance Required on the agreement. You can also use the Advance Required client extension to determine which agreements require advance payments. On these agreements, you can
enter funding only up to the amount of advance payments.
The ability to change the Advance Required agreement option is controlled by function
*Agreements with Advance Payments
You can require advance payments on an agreement and record advance payments as
they are made. When you generate draft invoices for projects that are funded by the
agreement, the advance balance that is displayed on the funding summary is reduced. You
then interface the invoice to Receivables. The AutoInvoice process in Oracle Receivables
reduces the balance on the advance.
Improve 1Z0-511 testing engine:
Q16. Identify two ways to ensure that correct class category codes are recorded against relevant projects.
A. Define as single template that has the class category already defined.
B. Define the class category as mandatory on relevant project types.
C. Define the class category as mandatory In the quick entry of the relevant templates.
D. Define a project status workflow that checks whether the class category is definedbeforechanging a project status.
E. Includea"Not applicable" code in the class category definition.
B:To define class categories and class codes:
1.Navigate to the Class Categories and Codes window.
2.Enter a unique Class Category name and a Description.
3.Specify whether the class category is mandatory for every project you define.
Enable if all projects must have a code assigned to this class category. Do not enable if this
class category is optional. If you do not enable this option, you cannot use this class
category in your AutoAccounting rules.
4.Specify whether you want to use the class category in your AutoAccounting rules.
Suggestion: For each project, you can use only one code with one class category for use
with AutoAccounting rules. If an AutoAccounting category already exists within a particular
date range, assign an end date to the existing AutoAccounting category and then create a
5.Specify whether you want to allow entry of only one class code with this class category
for a project.
Note: Defining multiple class codes for one category for a project may affect reporting by
class category; defining multiple class codes may cause your numbers to be included more
6.Enter the Name, Description, and Effective Dates for each class code.
7.Save your work.
C:As part of a project template definition setup, you can choose which Quick Entry fields
you want to define. Oracle Projects prompts you to enter information in these Quick Entry
fields when you create a new project from a template. Choose Quick Entry fields for project
information you want to enter (instead of accepting the template default) each time you
create a project.
Order: Enter a number to indicate the sequence in which you want the Quick Entry fields to
Field name: Choose the fields you want to appear in the Quick Entry window when you
create a new project.
Specification: You enter a specification for the following field names:
Key Member:Select the project role type to use when creating the key member
Classification:Select the class category to use when creating the classification
Customer Name: Select the customer relationship to use when creating the project
Prompt: You can enter a field name that is different from the predefined field name to
display when you use Quick Entry.
Required: Choose whether you want to require entry for the Quick Entry field.
Q17. An organization uses Oracle Projects and has fully installed Oracle Human Resources. Which statement does not apply to this scenario?
A. Employees can be entered and maintainedin Oracle Projects.
B. Jobs can be setup in Oracle Projects.
C. Organizations can be defined In Oracle Projects.
D. Organization Hierarchiescan be defined in Oracle Projects.
E. WorkerAssignments can be viewed in Oracle Projects.
*Oracle Projects fully integrates with Oracle Human Resources to keep track of employees
and information relevant to them, such as bill rates and mailing address.
Q18. 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
E. Job Hierarchy
Explanation: Organizations within your enterprise are not required to use the same job definitions. You can define job groups for specific purposes and define unique jobs for each group. You can then map a job from one group to a job in another group. For example, the job titles you need for your European operating units may be different from the job titles you need for your U.S. operating units. For global projects you can define a global job set and map your European and U.S. jobs to the appropriate global jobs. These global jobs can then be used by your global projects to provide accurate and consistent billing and reporting.
Reference:Oracle Projects Fundamentals,Jobs Overview
Q19. Which three options would result in a billing event being excluded from an invoice?
A. No taskisassigned to the event.
B. No event date has been entered.
C. The event dateis later than the invoice date when the process for draftinvoicegeneration issubmitted.
D. The event has been placed on hold.
E. No revenue amount has been entered on the event.
*Events: To be included on an invoice, an event must meet the following criteria:
/Event must not be already invoiced
/ (C)Event completion date must be on or before the bill through date
/Event must be revenue distributed (for write-on revenue events only)
/If the Date-Effective Funds Consumption option is selected, then the event date must be
within the agreement start and expiration dates
*Billing Events: Billing events are events for which there is no associated revenue. Because
billing events have not accrued revenue against an agreement, a billing event can be billed
against any agreement that has sufficient funding to cover the entire amount of the event
(unless an agreement was specified on the event).
Reference:Oracle Project Billing User Guide, Invoicing
Q20. 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
Explanation: 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.
Reference:Expenditure Type Classes