Oracle 1Z0-511 Online Practice Questions and Exam Preparation

Oracle 1Z0-511 Online Questions & Answers

• Question 41:

  In which two circumstances would it be appropriate to deselect the "Interface Revenue to GL" option in System Implementation Options, before you run the Interface to GC?

  A. During data migration ifRevenue is already in General Ledger
  B. When Revenueis handled in Accounts Receivable
  C. WhenAutoAccounting isincorrect and the Revenue interfacing to GeneralLedger needs to be puton hold.
  D. When Financewants to reconcile Unbilled Receivables/Unearned Revenue
  E. When Revenuewas generated in errorforallprojects in Released status, and needs to becorrected.
  A. During data migration ifRevenue is already in General Ledger
  B. When Revenueis handled in Accounts Receivable

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  A: If the revenue amounts are already interfaced to General Ledger (GL) through a different interface, then uncheck the `Interface Revenue to GL' option in the implementation options and run the `Interface Revenue to GL' process in Oracle projects. This will turn the flags in the revenue records as accepted in GL, though it is not interfaced. Once this is done, revert back the implementation option back to its original state.

• Question 42:

  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.
  B. Utilize Task-based mapping structures.
  C. Defineaseparate branch of task hierarchy for deliverables.

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  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.

• Question 43:

  Which types of rate schedules should be defined to allow rates to be used to generate financial plans?

  A. Job Labor Rates ScheduleNon Labor Rate Schedule
  B. Resource Class SchedulePlanning Rate ScheduleLabor Rates Schedule
  C. Resource Class ScheduleLabor Rates ScheduleNon Labor Rate Schedule
  D. ResourceClass SchedulePlanning Rate ScheduleNon LaborRates Schedule
  C. Resource Class ScheduleLabor Rates ScheduleNon Labor Rate Schedule

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  Defining Rate Schedules

  You can define four types of rate schedules. The following table lists the four types of rate schedules and indicates how you can use each rate schedule type in Oracle Projects.

  

  Note:

  *If you select the option to use planning rates, then you can choose the cost and revenue rate schedules to use to generate amounts. If you do not select the option to use planning rates, then Oracle Projects automatically chooses the rate

  schedules that are used to calculate actual cost and revenue (bill) amounts.

• Question 44:

  Identify three adjustment actions that require submission of Distribute costs program to process the adjustments?

  A. Change Comment
  B. Release Hold
  C. Split
  D. Transfer
  E. Recalculate Revenue
  F. Capitalizable to Non-Capitalizable
  C. Split
  D. Transfer
  F. Capitalizable to Non-Capitalizable

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  After you have performed the adjustment actions, you need to run the appropriate processes to process the adjustments.

  The table below notes what processes to run to process each adjustment action.

  

• Question 45:

  A customer has gone into bankruptcy and is unable to pay their bills. This means that the project revenue is now overstated. How can the customer reduce the revenue on the project to accurately reflect the amount of collectable revenue?

  A. Create a revenue write-off event forthe uncollectable element andinterface to General Ledger.
  B. Create a negative funding line and assign to the project thus reducing its revenue.
  C. Createacost adjustment on the project using preapproved batches.
  D. Createa credit memo in Oracle Projects and interface to Accounts Receivable.
  E. Entera transaction control against the expendituretypes and regenerate the draft invoice.
  A. Create a revenue write-off event forthe uncollectable element andinterface to General Ledger.

• Question 46:

  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
  D. JobLevels
  E. Job Hierarchy
  A. Job Groups

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  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.

• Question 47:

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

  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.
  A. Setup revenue categories as required.
  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.

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  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.

• Question 48:

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

• Question 49:

  A client requires a project definition that allows for charging expenditures to the project at a higher Work Breakdown Structure level than where the manually entered percentage complete progress is captured. Which three Shared Structure relationships will support this requirement?

  A. Shared
  B. Partially shared
  C. Mapped
  D. Not shared
  E. Vertical
  A. Shared
  B. Partially shared
  D. Not shared

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  Structure Integration Setup

  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.

• Question 50:

  What type of project will a company require to use Organization Forecasting?

  A. contract project
  B. Administration Project
  C. Organization Planning Project
  D. capital project
  E. multi-function project
  A. contract project

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  Note:

  *Compute Forecast Labor Revenue

  This process calculates the potential revenue of labor expenditure items based on established bill rates and markups. The expenditure items that the process selects are billable labor expenditure items charged to contract projects that have

  not yet been processed by the Generate Draft Revenue process. The items do not have to be approved to be processed for forecast revenue.