Oracle Exam 1Z0-511 Topic 3 Question 66 Discussion

Actual exam question for Oracle's 1Z0-511 exam

Question #: 66
Topic #: 3

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.

Show Suggested Answer

Suggested Answer: C

Note:

* Allow Revenue Budget Entry. Indicates if you allow entry of revenue budget types. You may choose to not allow entry of revenue budgets for indirect or capital projects. You must enter a revenue budget for a contract project before it can accrue revenue and be billed.

by Karrie at Jul 08, 2024, 12:52 AM

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Silva

1 months ago

Option A? Seriously? Restricting billing to non-labor elements? That's like trying to fit a square peg in a round hole. I'll pass on that one.

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Alise

20 days ago

User 1: Option B sounds like a better fit. It captures the value on the project and calculates when an activity is billable.

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Nydia

2 months ago

Option E - the cost accrual extension? Really? That sounds like overkill for this scenario. I'd stick with the more straightforward options like B or D.

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Donte

2 months ago

Option C is an interesting approach, but I'm not sure it's the best fit. Limiting the agreement and funding to $10k seems a bit restrictive, and I'm not convinced it's the most efficient way to handle this requirement.

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Floyd

15 days ago

D) Use the cost-to-cost billing extension to build billing rules to meet the requirement.

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Gladys

16 days ago

B) Use 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.

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Michal

1 months ago

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

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Nu

2 months ago

I'm leaning towards Option D. The cost-to-cost billing extension sounds like it could be a good fit for this scenario, but I'd need to do more research to be sure.

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Vanda

6 days ago

Mabelle: That's a valid point, Option B could also be a good solution.

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Johna

10 days ago

User 3: I'm not sure, I think Option B might be a better choice.

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Mabelle

1 months ago

User 2: I agree, the cost-to-cost billing extension seems like a good fit.

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Deangelo

2 months ago

User 1: I think Option D could work well for this situation.

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Carma

2 months ago

That's a valid point, but I still think option A provides more control over billing for Non-Labor costs.

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Janey

2 months ago

I disagree, I believe option B is more suitable as it captures the value on the project and calculates when an activity is billable.

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Carma

2 months ago

I think option A is the best choice because it allows us to restrict billing to Non-Labor elements and calculate bill amounts accurately.

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Glendora

2 months ago

That's a valid point. Option B does provide a more comprehensive approach to handling billable costs.

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Orville

2 months ago

Option B seems like the way to go. It allows me to capture the non-labor costs and use the billing extension to calculate when it's billable. Seems like the most straightforward solution.

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Leota

2 months ago

Yes, it definitely simplifies the process and ensures accurate billing for non-labor costs.

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Elly

2 months ago

Using transaction controls for billing non-labor elements and then calculating when it's billable with the extension does seem like a simple and effective solution.

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Mohammad

2 months ago

I agree, Option B sounds like the best approach for this scenario.

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Merri

2 months ago

Option B seems like the way to go. It allows me to capture the non-labor costs and use the billing extension to calculate when it's billable. Seems like the most straightforward solution.

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Barrie

2 months ago

I disagree, I believe option B is more suitable. It captures the value on the project and calculates when an activity is billable.

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Glendora

2 months ago

I think option A is the best choice. It restricts billing to Non-Labor elements and calculates the bill amounts accurately.

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