Oracle Exam 1Z0-511 Topic 3 Question 69 Discussion

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

Question #: 69
Topic #: 3

A company is using Project Billing. To meet their billing requirements, the company has Set up various revenue categories. Identify four places where the company can use these revenue categories in Oracle Project.

ASetting up Transaction Controls using Revenue Categories.

BGrouping Expenditure Types by Revenue Categories.

CGrouping Event Type Revenue Categories.

DDefining Rate Schedules using Revenue Categories.

ESetting up AutoAccounting Rules using Revenue Categories.

FEntering Budgets using Revenue Categories.

Show Suggested Answer

Suggested Answer: A

Storing Burden Costs as a Separate Expenditure Item on the Same Project

You can choose to hold the burden cost components as a separate expenditure item on the same project. The expenditure items storing the burden cost components are identified with a different expenditure type that is classified by the expenditure type class Burden Transaction.

by Jacob at Aug 24, 2024, 01:44 AM

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Soledad

2 months ago

Yep, B, D, E, and F are the way to go. Hey, at least they didn't throw in an option for 'juggling revenue categories while riding a unicycle' - that would have really thrown me for a loop!

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Mike

20 days ago

It's good to know where we can use revenue categories to meet our billing requirements.

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Lenora

1 months ago

Haha, yeah, that would have been a funny option to see in the list!

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Timothy

1 months ago

I agree, B, D, E, and F are definitely important for using revenue categories in Oracle Project.

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Glenn

2 months ago

I'm going to go with B, D, E, and F as well. Can't believe they're asking about grouping event types by revenue categories - that's just weird!

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Goldie

24 hours ago

F is essential as well, entering Budgets using Revenue Categories is necessary for accurate billing.

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Talia

2 days ago

E is crucial too, it helps in setting up AutoAccounting Rules using Revenue Categories.

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Judy

8 days ago

I agree, D is also important for defining Rate Schedules using Revenue Categories.

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Marshall

11 days ago

I think B is a good choice, it helps in grouping Expenditure Types by Revenue Categories.

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Nieves

2 months ago

I agree with Myrtie. Those options make the most sense for using revenue categories in Oracle Project. Setting up transaction controls and grouping event types by revenue categories don't seem relevant to the billing requirements mentioned in the question.

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Vincenza

2 months ago

I believe we can also use revenue categories for defining rate schedules.

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Myrtie

2 months ago

I think the correct answers are B, D, E, and F. The company can use revenue categories to group expenditure types, define rate schedules, set up AutoAccounting rules, and enter budgets.

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