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Oracle 1Z0-511 Exam Questions
- Topic 1: Describe the purposes and implementation of Revenue Budgets/ Describe the use and functions of People and Roles
- Topic 2: Describe the purposes and implementation of Revenue Budgets/ Describe the use and implementation of Periods and Calendars
- Topic 3: Describe the use and implementation of Expenditure Adjustments/ Projects Foundation: Implementation Options
- Topic 4: Describe the uses and implementation of Project Types and Project Templates/ Describe the use and functioning of Organization Forecasting
- Topic 5: Describe the use and functioning of the Inter Project Billing/ Describe the use and implementation of Transaction Controls
- Topic 6: Describe the use and functioning of Intercompany Billing/ Describe the use and functioning of Transaction Sources
- Topic 7: Describe the use ans implementation of Project and Organization Security/ Confirgure System implementation Options
- Topic 8: Describe the use and functioning of Billing Extensions/ Projects Costing: Implementation Options
- Topic 9: Integrate with other Oracle Applications/ Explain Project and Task Fundamentals
- Topic 10: Describe the use and implementation of Allocations/ Explain Budgetary Controls and Budget Integration
- Topic 11: Describe the use and implementation of Events/ Define Expenditure and Revenue Categories
Free Oracle 1Z0-511 Exam Actual Questions
Note: Premium Questions for 1Z0-511 were last updated On Jun. 19, 2025 (see below)
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.
A one-time additional public holiday has been announced for this year. You update the PA Calendar, which is used for Resourcing with this exception. Select the two options required to ensure that this change is reflected in the existing assignment on resource calendars.
Changes to these calendars impact the schedules of the person resources, requirements, and assignments differently. Oracle Project Resource Management provides the following administrative processes to help manage these changes and to maintain consistent schedule information throughout the application:
PRC: Generate Calendar Schedule for a Single Calendar
PRC: Generate Calendar Schedules for a Range of Calendars
PRC: Rebuild Timeline for a Single Resource
PRC: Rebuild Timeline for a Range of Resources
A new contract project is created for work for a customer by using event-based billing. A decision has been made to give a discount to the customer on a particular invoice. You want to apply this discount and reduce the invoice without affecting revenue. Which event type should be used to achieve this?
Event Type Classification is: Scheduled Payment, Deferred Revenue, Invoice Reduction, Manual, or Automatic (for billing events only)
A project has two customer billing elements. One part of the project is based on a fixed fee and the other part is a variable based on a cost plus basis. The customer requires separate invoices for fixed fee elements and variable works elements. How can agreements be used to provide separate invoices?
One Customer, Multiple Agreements
Use multiple agreements when you have one customer, but a requirement to create a separate invoice for each top task.
You can use this method to accrue revenue cost-to-cost or impose hard or soft revenue limits by task, as well as automatically create separate invoices by task.
To create separate invoices by task, you must use a different agreement to fund each task. If you use more than one agreement for a single task, the agreements are used according to the precedence described earlier for projects.
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.
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