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Pass the Oracle E-Business Suite Project Management 1z0-511 Questions and answers with ExamsMirror

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Questions # 1:

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?

Options:

Manual

Invoice Reduction

Deferred Revenue

Automatic

ScheduledPayment

Questions # 2:

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?

Options:

the ProjectStatus Inquiry to review the project's margin figures

the expenditure inquiry to understand the project's revenue position against the invoice position

the Project Summary unbilled receivables and unearned revenue report, which will identifyallunearned revenue

the revenue reviewform to inquire on the amount of revenue raised and invoices raised on aproject

theinvoice review form to inquire on the amount of revenueraised and invoices raised on project

Questions # 3:

Identify the four different levels where transaction controls are defined.

Options:

Expenditure Categories

Expenditure Organization

Employee

Project Organization

Expenditure Type

Person Type

Questions # 4:

Identify the correct setup to Integrate Project costing with Oracle Inventory.

Options:

In Oracle Inventory, enable Project Cost Collection for each organization.

In Oracle Projects, define an expenditure type with class "Inventory."

Define the project related transaction source in Oracle Inventory.

Set up Oracle Project Manufacturing.

In Oracle Projects, define an expenditure type with class "Inventory."

Define the project-relatedtransaction source in Oracle Inventory.

In Oracle Inventory, enable Project Cost Collection for each organization.

In Oracle Projects, define an expenditure type with class "Inventory."

Define the project-related transaction type in Oracle Inventory.

Oracle Project Manufacturing must be set up.

In Oracle Inventory, enable Project Cost Collection for each organization.

Define the project-related transaction source inOracle Inventory

Questions # 5:

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?

Options:

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

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

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

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

Questions # 6:

Identify three transactions for which Oracle Project Costing enforces budgetary controls.

Options:

project-related purchase requisitions and purchase orders entered in Oracle Purchasing

expense reports entered In Oracle iExpenses

supplier invoices entered in Oracle Payables

contingent worker purchase orders entered in Oracle Purchasing

employee timecards entered in Oracle Time and Labor

Questions # 7:

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?

Options:

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

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

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

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

Write custom code in Non-Labor cost override extension.

Questions # 8:

A customer has provided a purchase order for $100k. The customer issues an additional $20k to the original purchase order. How would you invoice the total amount of $120k on only one invoice as per the terms of the contract?

Options:

Create a separateagreement and funding for $20k.

Update the existing agreement value to $120k and add an additionalfunding line against the project for $20k.

Update the cost budget to $l20k.

Createa manual invoice in Accounts Receivable for the additional value.

Update any existing transactionsto allow billing to the new amount.

Questions # 9:

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?