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Oracle 1Z0-511 Exam
- 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 May. 08, 2024 (see below)
A customer enables transaction controls at the Project level. Oracle Project Costing checks the control when the customer ________.
Expenditure Item Validation
When you enter expenditure items, you are charging cost to a project and a task. Oracle Projects validates expenditure items against predefined criteria and any transaction controls and transaction control client extensions that you set up during the implementation.
A customer requires budgetary Integration with General Ledger for what will function as an ''Approved Cost'' budget. The customer also wants project managers to maintain cost budgets derived from the Staffing Plan maintained in the workplan. Which budgeting approach will support this requirement?
In a manufacturing company, there is a need to define 50 different jobs for engineers in Human Resources. For those 50 jobs, Oracle Projects has only 20 equivalent jobs for Billing. What functionality do you use to link these Human Resources and Projects jobs?
Organizations within your enterprise are not required to use the same job definitions. You can define job groups for specific purposes and define unique jobs for each group. You can then map a job from one group to a job in another group. For example, the job titles you need for your European operating units may be different from the job titles you need for your U.S. operating units. For global projects you can define a global job set and map your European and U.S. jobs to the appropriate global jobs. These global jobs can then be used by your global projects to provide accurate and consistent billing and reporting.
Which project class type can include revenue budgets?
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.
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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