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Exam Code: 1Z0-511
Exam Name: Oracle (Oracle E-Business Suite R12 Project Essentials Exam)
One year free update, No help, Full refund!
Total Q&A: 70 Questions and Answers
Last Update: 2014-03-30

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NO.1 A company generates revenue at period end, but bills monthly in arrears. The first project
revenue
is due to be recognized at the end of May and the first invoice sent to the customer in June. What
are the accounting entries at the end of May?
A. Debit: Cost of Goods SoldCredit: Unbilled Receivables
B. Debit: BankCredit: Revenue
C. Debit: Unearned RevenueCredit: Revenue
D. Debit: RevenueCredit: Accounts PayableLiability Account
E. Debit:UnbilledReceivablesCredit: Revenue
Answer: E

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NO.2 Identify two predefined transaction sources that Oracle Projects uses to import the
transactions
generated within Oracle Projects.
A. Oracle Interproject Supplier Invoices
B. Oracle Projects Intercompany Supplier Invoices
C. Project Allocations
D. Capitalized Interest
E. Oracle Interprojed Customer Invoices
Answer: C,D

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NO.3 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.
Answer: B,C

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NO.4 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?
A. TopTask,ExpenditureType
B. TopTask,Employee
C. Revenue Category,Expenditure Category, Top Task
D. TopTask,Expenditure Category
E. TopTask, Revenue Category, Expenditure Category,Expenditure Type
Answer: A

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NO.5 The Profile option "PA: Cross Project User-Update" is set to "Yes" for a Projects module user.
Which two statements apply?
A. The use must be named as a Key Member on a project to be able to see Summary Labor
Costs.
B. The userwill be able to update projects across all Operating Units.
C. The userwill be able to update only the projects belonging to the same Operating Unit to which
theuser belongs.
D. Theuserview SummaryLaborCosts forall projects.
E. The user must alsohave Organization Authority forall Operating Units to updateall projects.
Answer: B,E

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NO.6 You are setting up an AutoAccounting rule and trying to use "Class Code" as the parameter for
that rule. Which setup must exist in order to use "Class Code" as one of the parameters?
A. Enable AutoAccountingfor one ClassCode ofaClassCategory.
B. EnableAutoAccountingforall the Class Codes ofaClassCategory.
C. Enable AutoAccounting for the Class Category.
D. Enable AutoAccountingfor both Class Category and Class Code.
Answer: A

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NO.7 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
Answer: C

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