Free Oracle 1Z1-511 Exam Dumps Questions & Answers

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

A new contract project is created for work for a customer by using event-based billing. A decision has been made to give a discount to the customer on a particular invoice. You want to apply this discount and reduce the invoice without affecting revenue.
Which event type should be used to achieve this?

• A.  Deferred Revenue
• B.  Manual
• C.  Invoice Reduction
• D.  ScheduledPayment
• E.  Automatic

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

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

What must be defined to enable a company to use an organization for a straight time expenditure?

• A.  Define the organization with the Following:
  1.Add Cost Centreas the Organization type.
  2.Add an organization classification ofHR Organization.
  3.Add the organizationto anorganization hierarchy.
• B.  Define the organization with the Following:
  1.Add the organization classifications HR Organization and ProjectExpenditure/Event
  2.Add the organization to an organization hierarchy.
  3.Define Organization Labor Costing Rules.
• C.  Define the organization with the following:
  1.Add the organization classificationsProject/Task Owning Organization and
  ProjectExpenditure/Event Organization.
  2. Add the organization to an organization hierarchy.
  3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.
• D.  Define the organization with the following:
  1.Add the organization classifications Project Expenditure/Event Organization.
  2.Add the organization to an organization hierarchy.
  3.Add the organization hierarchy to the appropriate Oracle project implementation option setting.
• E.  Define the organization with the Following:
  1. Add the organization classifications HR Organization and ProjectExpenditure/Event
  2.Add the organization to anorganizationhierarchy
  3. Add the organization hierarchy to the appropriate Oracleprojectimplementation option setting

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.  Createa credit memo in Oracle Projects and interface to Accounts Receivable.
• C.  Create a negative funding line and assign to the project thus reducing its revenue.
• D.  Entera transaction control against the expendituretypes and regenerate the draft invoice.
• E.  Createacost adjustment on the project using preapproved batches.