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Oracle Exam 1Z0-511 Topic 3 Question 63 Discussion

Actual exam question for Oracle's 1Z0-511 exam
Question #: 63
Topic #: 3
[All 1Z0-511 Questions]

A project has been mistakenly set up as a capital project, instead of a contract project. The project has already incurred expenditure. How can this be remedied?

Show Suggested Answer Hide Answer
Suggested Answer: A, C, E

C: View Accounting Details

With the integration to Oracle Subledger Accounting, you now have the option to define account derivation rules within Oracle Subledger Accounting that will replace the default accounts generated by the Oracle Projects AutoAccounting feature.

E: Account Generation Rules

During the upgrade, Oracle Grants Accounting creates default accounting definitions that allow the system to continue using existing AutoAccounting rules without additional setup steps. You may choose to create your own accounting definitions using Accounting Method


by Reita at May 28, 2024, 11:37 AM

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Tyisha
2 months ago
Ah, the joys of project management. Can't we just flip a coin and call it a day?
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Hillary
12 days ago
D) A new project should be set up and costs transferred.
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Alaine
15 days ago
C) Move all the costs to an contract task within the capital project.
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Justine
16 days ago
B) Leave the project as capital and accrue for revenue as is.
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Jeff
21 days ago
A) Change the project type to Contract
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Rosendo
2 months ago
Option E? Delete the expenditure and change the type? That's like trying to hide a body - it's just gonna come back and haunt you later.
upvoted 0 times
Irene
1 months ago
D) A new project should be set up and costs transferred.
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Jamal
1 months ago
Option E might create more problems in the long run.
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Elenore
2 months ago
A) Change the project type to Contract
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Lai
2 months ago
Ooh, Option D! Start fresh with a new project, that way you can really clean up the mess. Plus, who doesn't love a good project do-over?
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Pearly
2 months ago
I don't know, Option B sounds like a headache. Better to just move the costs to a contract task and be done with it.
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Ozell
2 months ago
Option A seems the most straightforward solution. Why complicate things when you can simply change the project type?
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Paola
1 months ago
User4: Changing the project type seems like the best course of action here.
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Lucina
1 months ago
User3: Agreed, let's keep it simple and go with option A.
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Crista
2 months ago
User2: Yeah, that sounds like the easiest way to fix the mistake.
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Beata
2 months ago
User1: I think we should change the project type to Contract.
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Winfred
2 months ago
That could work too, but I feel like setting up a new project and transferring costs might be the safest option.
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Luisa
2 months ago
But wouldn't it be easier to just move all the costs to a contract task within the capital project?
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Winfred
3 months ago
I think we should change the project type to Contract.
upvoted 0 times
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