1Z0-511 Exam Training Practice Tests (Oracle E-Business Suite R12 Project Essentials)]

Question 1

You define assets for your project and assign them at the project or task level. What should be the value of "Project Asset Type" to generate asset lines?

A. Generate B. Estimated C. Built D. Regenerate E. As Built

Correct Answer: E

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Question 2

Identify the four different levels where transaction controls are defined.

A. Expenditure Type B. Expenditure Categories C. Person Type D. Project Organization E. Expenditure Organization F. Employee

Correct Answer: A,B,D,F

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Question 3

A one-time additional public holiday has been announced for this year. You update the PA Calendar, which is used for Resourcing with this exception. Select the two options required to ensure that this change is reflected in the existing assignment on resource calendars.

A. Inform Resource Managers that they will have to redo all the existing planning. B. Run"PRC: Generate CalendarSchedules." C. Run "PRC: AutomatedCandidate Search." D. Run "PRC: Rebuild Resource Timeline." E. Run "PRC:Refresh project summary amounts."

Correct Answer: B,D

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Question 4

The Profile option "PA: Cross Project User-Update" is set to "Yes" for a Projects module user. Which two statements apply?

A. The user must alsohave Organization Authority forall Operating Units to updateall projects. B. Theuserview SummaryLaborCosts forall projects. C. The userwill be able to update only the projects belonging to the same Operating Unit to which theuser belongs. D. The userwill be able to update projects across all Operating Units. E. The use must be named as a Key Member on a project to be able to see Summary Labor Costs.

Correct Answer: A,D

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Question 5

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?

A. Createa manual invoice in Accounts Receivable for the additional value. B. Create a separateagreement and funding for $20k. C. Update the cost budget to $l20k. D. Update any existing transactionsto allow billing to the new amount. E. Update the existing agreement value to $120k and add an additionalfunding line against the project for $20k.

Correct Answer: B

Question 6

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?

A. Set up the accountatthe expenditure category defined for the Burden transaction. B. Setup the accountat the expenditure typedefined for the Burden transaction. C. Setupthe Total Burdened Cost Credit AutoAccounting function. D. Set up the Burden Cost Account AutoAccounting function. E. Set up the BurdenCostClearing Account AutoAccountingfunction.

Correct Answer: B

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Question 7

An organization has specific departments that manage capital projects. How would you ensure that only these departments own capital projects?

A. Use the Project/Task owning organization hierarchy in the implementation options. B. Set up a separate organization hierarchy for the departments that are managing capital projects. C. Use the transaction control Functionality at the project level. D. Remove the asset definition options from the templates used by departments that arenot managing capital projects. E. Use the settings in "Additional Details" of the Project/Task owning organization classification.

Correct Answer: E

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Oracle E-Business Suite R12 Project Essentials - 1Z0-511 Exam Practice Test