Most Recent Oracle 1Z0-511 Exam Dumps

Prepare for the Oracle E-Business Suite R12 Project Essentials exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-511 exam and achieve success.

The questions for 1Z0-511 were last updated on Mar 31, 2025.

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Question No. 1

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?

ACreate a separate agreement and funding for $20k.

BUpdate the existing agreement value to $120k and add an additional funding line against the project for $20k.

CUpdate the cost budget to $l20k.

DCreate a manual invoice in Accounts Receivable for the additional value.

EUpdate any existing transactions to allow billing to the new amount.

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Correct Answer: A

Question No. 2

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?

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

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

CCreate 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.

DUse the cost-to-cost billing extension to build billing rules to meet the requirement.

EUse the cost accrual extension.

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Correct Answer: B

Question No. 3

A company generates revenue at period end, but bills monthly in advance. The customer is invoiced in April with project starting in May and the first project is due to be recognized at the end of May. What are the accounting entries at the end of May?

ADebit: Cost of Goods Sold
Credit: Unbilled Receivables

BDebit: Unearned Revenue
Credit: Revenue

CDebit: Receivable
Credit: Bank

DDebit: Receivable
Credit: Unearned Revenue

EDebit: Bank
Credit: Revenue

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Correct Answer: D

Invoice

When you run the program to interface invoices to Oracle Receivables, Oracle Projects runs AutoAccounting to determine the appropriate default accounts. If the invoice fails AutoAccounting, then the program marks the draft invoice with an error. See: Overview of AutoAccounting, Oracle Projects Implementation Guide.

The following table shows entries Oracle Projects creates when the Interface Invoices to Oracle Receivables process is run:

Account Debit Credit

Receivables 200.00

Unbilled Receivables and/or Unearned Revenue 200.00

Oracle Project Billing User Guide

Question No. 4

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?

AShared

BPartially shared

CMapped

DNot shared

EVertical

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Correct Answer: A, B, D

Structure Integration Setup

If you enable both a workplan structure and a financial structure for your project or project template, you can decide whether or not they are integrated, and if so, to what degree. You do this by choosing one of the following options on the Structures setup page:

* Shared Structures: Enables you to generate a financial structure with a task hierarchy that is fully shared by the workplan structure task hierarchy. Workplan and financial structures are fully shared by default.

* Partially Shared Structures: Enables you to generate a financial structure that is partially shared by the workplan structure hierarchy.

* Non-Shared: Task-Based Mapping: Enables you to map individual workplan structure tasks to individual financial structure tasks.

* Non-Shared: No Mapping: Choose this if you do not want to integrate your project workplan and financial structures in any way.

Question No. 5

A customer requires budgetary Integration with General Ledger for what will function as an ''Approved Cost'' budget. The customer also wants project managers to maintain cost budgets derived from the Staffing Plan maintained in the workplan. Which budgeting approach will support this requirement?

AForms based 'Approved Cost' budget and Forms based 'Staffing Plan' budget.

BFinancial Plan-based 'Approved Cost' budget and Financial Plan-based 'Staffing Plan' budget

CForms-based 'Approved Cost' budget and financial Plan-based 'Staffing Plan' budget

DFinancial Plan-based 'Approved Cost' budget and Forms-based 'Staffing Plan' budget

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Correct Answer: D

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