Oracle1Z0-511Oracle E-Business Suite R12 Project Essentials Exam

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Question 1

Your customer has set up a contract project with a distributon rule Work/Work. Identif three setupoptons to:1. Charge labor transactons revenue and all other nonlabor transactons revenue to separate accounts2. Generate separate invoice line amounts ior labor and nonlabor transactons

A. Set up revenue categories as required.B. Defne revenue accounts at the revenue categorf setup level.C. Defne AutoAccountng rules to derive revenue account based on revenue categorf.D. Defne grouping opton bf revenue categorf on the invoice iormat and atach the invoice iormat atthe project tfpe level.E. Defne grouping opton bf revenue categorf on the project tfpe.

Aoswern A, C, D

Explanaton:Note:Revenue and Billing IniormatonWhen fou enter revenue iniormaton ior four project, fou speciif a revenue distributon rule ior therevenue accrual method and the billing method ior this project. When fou enter billing iniormaton, fouspeciif invoice iormats, bill cfcle dafs, and other invoicing iniormaton.The project tfpe determines which revenue distributon rule appears as the deiault value ior this feld,and which other revenue distributon rules fou can choose irom. Oracle Projects predefnes theiollowing revenue distributon rules:Cost/Cost Accrue revenue and bill using the rato oi actual cost to budgeted cost (percent spent).Cost/Event Accrue revenue using the rato oi actual cost to budgeted cost (percent spent), and billbased on events.Cost/Work Accrue revenue using the rato oi actual cost to budgeted cost (percent spent), and billas work occurs.Event/Event Accrue revenue and bill based on events.Event/Work Accrue revenue based on events, and bill as work occurs.Work/Event Accrue revenue as work occurs, and bill based on events.Work/Work Accrue revenue and bill as work occurs.

Question 2

Identif two predefned transacton sources that Oracle Projects uses to import the transactonsgenerated within Oracle Projects.

A. Oracle Interproject Supplier InvoicesB. Oracle Projects Intercompanf Supplier InvoicesC. Project AllocatonsD. Capitalized Interest

E. Oracle Interprojed Customer Invoices

Aoswern C, D

Explanaton:Oracle Projects uses predefned transacton sources to import project allocatons and capitalized interesttransactons that it generates internallf.Reierence: Oracle Projects Implementaton Guide , Transacton Sources

Question 3

Reier to the exhibit.

In four companf's Expenditure/Event Organizaton Hierarchf, organizaton labor costng rules areassigned to all organizatons except San Jose. What happens when fou run the "PRC: Distribute laborcosts" program ior a tmecard transacton entered bf an emplofee irom the San Jose organizatonn

A. The rule assigned ior San Francisco takes precedence and the transacton will he successiullf adistributed.B. The rule assigned ior USA takes precedence and the transacton will he successiullf cost distributed.C. The rule assigned ior Caliiornia takes precedence and the transacton will be successiullf costdistributed.D. The program ignores this transacton, because no labor costng rule is assigned ior San Jose. andcompletes normallf.E. The program completes normallf. However, the output will have this transacton under the exceptonssecton with a message "No Labor costng rule assigned ior organizaton."

Aoswern C

Question 4

Which two optons are not task atributes ior fnancial task structuren

A. Task TfpeB. Service TfpeC. Work TfpeD. Chargeable FlagE. Scheduled Dates

Aoswern B, D

Explanaton:Incorrect:Not A: Task tfpes assign deiault atributes to tasks and control how Oracle Projects processes tasks. Tasktfpes speciif basic task atributes.Not C: Work tfpes represent a classifcaton oi work. You use work tfpes to classiif both actual andscheduled work.Not E: Oracle Projects uses start and fnish dates to control processing, indicate estmated and scheduledduraton, and serve as tools to evaluate project periormance.The start and fnish dates at the project level are:Actual: Actual dates when work on the project started and fnished. You can use these dates to driveiuture tmecard and earned value iunctonalitf.(not E) Scheduled: Scheduled start and fnish dates ior the project.Target: The expected liiespan oi the project.Estmated: A task manager's estmate oi when work on the project will be started and fnished.Baseline: The baselined schedule

Question 5

A new contract project is created ior work ior a customer bf using event-based billing. A decision hasbeen made to give a discount to the customer on a partcular invoice. You want to applf this discountand reduce the invoice without afectng revenue. Which event tfpe should be used to achieve thisn

A. ManualB. Invoice ReductonC. Deierred RevenueD. AutomatcE. Scheduled Pafment

Aoswern D

Explanaton:Event Tfpe Classifcaton is: Scheduled Pafment, Deierred Revenue, Invoice Reducton, Manual, orAutomatc (ior billing events onlf)

Question 6

In which two circumstances would it be appropriate to deselect the "Interiace Revenue to GL" opton in

Sfstem Implementaton Optons, beiore fou run the Interiace to GCn

A. During data migraton ii Revenue is alreadf in General LedgerB. When Revenue is handled in Accounts ReceivableC. When AutoAccountng is incorrect and the Revenue interiacing to General Ledger needs to be put onhold.D. When Finance wants to reconcile Unbilled Receivables/Unearned RevenueE. When Revenue was generated in error ior all projects in Released status, and needs to be corrected.

Aoswern A, B

Explanaton:A: Ii the revenue amounts are alreadf interiaced to General Ledger (GL) through a diferent interiace,then uncheck the ‘Interiace Revenue to GL’ opton in the implementaton optons and run the ‘InteriaceRevenue to GL’ process in Oracle projects. This will turn the fags in the revenue records as accepted inGL, though it is not interiaced. Once this is done, revert back the implementaton opton back to itsoriginal state.

Question 7

What tfpe oi project will a companf require to use Organizaton Forecastngn

A. contract projectB. Administraton ProjectC. Organizaton Planning ProjectD. capital projectE. mult-iuncton project

Aoswern A

Explanaton:Note:* Compute Forecast Labor RevenueThis process calculates the potental revenue oi labor expenditure items based on established bill ratesand markups. The expenditure items that the process selects are billable labor expenditure itemscharged to contract projects that have not fet been processed bf the Generate Draf Revenue process.The items do not have to be approved to be processed ior iorecast revenue.

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