Oracle E-Business Suite R12 Project Essentials Exam (1Z1-511) Free Practice Test

Question 1

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. Partially shared

B. Shared

C. Not shared

D. Mapped

E. Vertical

Correct Answer: A,B,C

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Question 2

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

A. Recalculate Revenue

B. Capitalizable to Non-Capitalizable

C. Change Comment

D. Split

E. Transfer

F. Release Hold

Correct Answer: B,D,E

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Question 3

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. No revenue amount has been entered on the event.

D. The event has been placed on hold.

E. The event dateis later than the invoice date when the process for draftinvoicegeneration issubmitted.

Correct Answer: B,C,E

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Question 4

A project is undertaken for a customer where all labor costs are non-billable, and Non-Labor costs are billable if the accumulated costs incurred are greater than $10k.
How can Oracle Projects be implemented to support this?

A. Use transaction controls tobilling Non-Labor elements, capture the value on the project, and then use the Non-Labor billing extension to calculate when an activity is billable.

B. Use the cost accrual extension.

C. Use transaction controls to restrict billing to Non-Labor elements and to calculate the bill amounts on Non-Labor.

D. Create an agreement and funding for $10k only, and fund only those tasks on a project where you estimate to incur costs of $10k or more.

E. Use the cost-to-cost billing extension to build billing rules to meet the requirement.

Correct Answer: A

Question 5

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

B. Definerevenue accountsatthe revenue category setup level.

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

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

E. Setup revenue categories as required.

Correct Answer: A,C,E

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Question 6

Your organization has configured employee rate schedules. Which three schedules can utilize employee rate schedules when delivering a project?

A. Bill rate schedules

B. Cost rate schedules

C. Job rate schedules

D. Resource class rate schedules

E. Planning schedules

Correct Answer: A,B,E

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Question 7

Your company has two separate expenditure types to capture straight time and overtime labor transactions across all projects. When running cost distribution for labor transactions, the straight time labor must be charged to a labor expense account and overtime labor costs to an overhead expense account. How would you set up two different expense accounts?

A. Set up the account at theExpendituretype definition.

B. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Clearing Account."

C. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Account."

D. Set up the account at the Expenditure type usage definition.

E. Set up the account at the Labor costing rule definition.

Correct Answer: C

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Oracle E-Business Suite R12 Project Essentials (1Z1-511) Free Practice Test