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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.
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The questions for 1Z0-511 were last updated on Nov 21, 2024.
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Identify three adjustment actions that require submission of Distribute costs program to process the adjustments?
After you have performed the adjustment actions, you need to run the appropriate processes to process the adjustments.
The table below notes what processes to run to process each adjustment action.
An organization has agreed to bill rates based on a person's job, which are updated annually. The rates are recorded on a default bill rate schedule that is attached to each project. An employee has and HR assignment job of Consultant. However, the employee is temporarily working on a project as a Project Manager. What is the correct way to ensure that the employee's time is billed correctly?
Job Assignment Overrides
You can override both an employee's job assignment and an employee's billing title for this project or lowest level task.
When you override an employee's job assignment, the new job assignment determines bill rates for the employee's billing on this project or lowest task (if this task uses job bill rates). You can choose any active job in the Oracle Applications database.
When you override an employee's primary billing title, the new billing title appears on future invoices for this employee's billing (if this project's labor invoice format displays an employee billing title).
Any job assignment override you enter for this project or lowest task takes precedence over any project job assignment override.
What type of project will a company require to use Organization Forecasting?
Note:
* Compute Forecast Labor Revenue
This process calculates the potential revenue of labor expenditure items based on established bill rates and markups. The expenditure items that the process selects are billable labor expenditure items charged to contract projects that have not yet been processed by the Generate Draft Revenue process. The items do not have to be approved to be processed for forecast revenue.
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?
Note:
* Oracle Projects processes tasks based on their position in the structure. The three distinct positions are:
Top Task: A task whose parent is the project
Mid Task: A task that is not a top task or a lowest task
Lowest Task: A task that is at the bottom of the structure, without any child tasks
* You can configure transaction controls by the following:
Expenditure Category
Employee
Expenditure Type
Non-Labor Resource
A company requires advance payments for their contract projects. How would they ensure that for specific types of work they always have an advance payment?
Note:
* You can set up an agreement to require advance payments by selecting the Advance required on the agreement. You can also use the Advance Required client extension to determine which agreements require advance payments. On these agreements, you can enter funding only up to the amount of advance payments.
The ability to change the Advance Required agreement option is controlled by function security.
* Agreements with Advance Payments
You can require advance payments on an agreement and record advance payments as they are made. When you generate draft invoices for projects that are funded by the agreement, the advance balance that is displayed on the funding summary is reduced. You then interface the invoice to Receivables. The AutoInvoice process in Oracle Receivables reduces the balance on the advance.
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