Online Access Free 1Z0-511 Practice Test

A customer is using Oracle Payables and Oracle Projects. The customer has two suppliers set up with names X and Y, respectively. Supplier Y has been merged with Supplier X.
The Supplier Merge Program is run from the Supplier Merge option in Oracle Payables and you have chosen to merge all transactions. What will happen to the supplier references on transactions related to Supplier Y that are already interfaced to Oracle Projects?

• A.The supplier references to Supplier Y will be modified to Supplier X for all transactions existing in Oracle Projects.
• B.The transactionsrelatedto Supplier X and Y will be deleted from Oracle Projects.
• C.The Supplier Merge Program does notimpact any supplier transactions that are already interfaced to Oracle Projects.
• D.The transactions related to Supplier Y will be deleted from Oracle Projects.
• E.The SupplierMerge Program completes with error,the merge is not possible because transactionsrelated to Supplier Y are already interfaced to Oracle Projects.

A company generates revenue at period end, but bills monthly in advance. The customer is invoiced in April with project starting in May and the first project is due to be recognized at the end of May. What are the accounting entries at the end of May?

• A.Debit: BankCredit: Revenue
• B.Debit: Cost of Goods SoldCredit: Unbilled Receivables
• C.Debit:ReceivableCredit:Bank
• D.Debit:ReceivableCredit: Unearned Revenue
• E.Debit: Unearned RevenueCredit: Revenue

Which three Project foundation setups are shared across Operating Units in a multi-organization setup?

• A.Project Classifications categories
• B.ProjectTypes
• C.Project numbers
• D.Project Templates
• E.ExpenditureTypes

A customer is billed using deliverable billing events, which are currently approved by the customer and the finance director before invoicing. There are often invoices awaiting the finance director's approval and release. The Finance director would like to use functionality that allows all invoices to be approved and released automatically.
How can this be achieved?

• A.Use deliverable managementto automatically approve the invoice.
• B.Implement the cost-to-cost billing extension.
• C.Implement theinvoice approval/release extension.
• D.Set the "Interface unreleased revenue to GL" profile option to "Yes."
• E.Implement the costaccrual and project status inquiry extension.

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?

• A.Job Families
• B.JobLevels
• C.Job Mapping
• D.Job Groups
• E.Job Hierarchy