Free Oracle 1Z0-511 Exam Dumps Questions & Answers

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

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

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: Unearned RevenueCredit: Revenue
• B.  Debit: BankCredit: Revenue
• C.  Debit:UnbilledReceivablesCredit: Revenue
• D.  Debit: RevenueCredit: Accounts PayableLiability Account
• E.  Debit: Cost of Goods SoldCredit: Unbilled Receivables

A customer has two operating units: US and Ireland. A project that is set in the Ireland operating unit requires the services of employees from the US operating unit.
Identify three mandatory steps that must be completed for the employees in the US to enter their time on the project and for costs to be successfully distributed.

• A.  For the projectin Ireland,set up transaction controls to allow charges from other operating units.
• B.  Setup a new transaction source to receive Intercompany transactions in Ireland.
• C.  Define providercontrolsin US and receiver controlsin Ireland.
• D.  Set up Internal Billing Implementation optionsin US and Ireland.
• E.  For theprojectinIreland, select "Allow Cross Charges to all Operating Units within Legal Entity".

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.  Definegrouping option byrevenuecategoryon the invoice format and attach the invoice format at the project type level.
• B.  Define AutoAccounting rules to derive revenue account based on revenue category.
• C.  Definerevenue accountsatthe revenue category setup level.
• D.  Setup revenue categories as required.
• E.  Define grouping option by revenue category on the project type.

A customer is using Oracle Payables and Oracle Projects. The customer has two suppliers set up with names X and Y, respectively. Supplier Y has been merged with Supplier X.
The Supplier Merge Program is run from the Supplier Merge option in Oracle Payables and you have chosen to merge all transactions. What will happen to the supplier references on transactions related to Supplier Y that are already interfaced to Oracle Projects?

• A.  The supplier references to Supplier Y will be modified to Supplier X for all transactions existing in Oracle Projects.
• B.  The SupplierMerge Program completes with error,the merge is not possible because transactionsrelated to Supplier Y are already interfaced to Oracle Projects.
• C.  The transactionsrelatedto Supplier X and Y will be deleted from Oracle Projects.
• D.  The transactions related to Supplier Y will be deleted from Oracle Projects.
• E.  The Supplier Merge Program does notimpact any supplier transactions that are already interfaced to Oracle Projects.