Online Access Free 1Z1-511 Practice Test

Identify two ways to ensure that correct class category codes are recorded against relevant projects.

• A.Define the class category as mandatory In the quick entry of the relevant templates.
• B.Define a project status workflow that checks whether the class category is definedbeforechanging a project status.
• C.Includea"Not applicable" code in the class category definition.
• D.Define the class category as mandatory on relevant project types.
• E.Define as single template that has the class category already defined.

Your company wants to define all its equipments as Non-Labor resources to track the cost incurred on the usage of these equipments, when defining the equipment. When defining the equipment as a Non-Labor resource in the system, you need to assign an expenditure type to it. What kind of expenditure type to it. What kind of expenditure type can be assigned to a Non-Labor resource?

• A.expenditure type defined with ExpenditureType Class as Burden transactions
• B.expenditure type defined withExpenditure Type Class as Supplier Invoices
• C.expenditure type defined with Expenditure Type Class as Miscellaneous Transactions
• D.expenditure type defined withExpenditureType Class as Work in Process
• E.expenditure type defined with Expenditure Type Class as Usages

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?

• A.Use transaction controls tobilling Non-Labor elements, capture the value on the project, and then use the Non-Labor billing extension to calculate when an activity is billable.
• B.Use transaction controls to restrict billing to Non-Labor elements and to calculate the bill amounts on Non-Labor.
• C.Use the cost-to-cost billing extension to build billing rules to meet the requirement.
• D.Use the cost accrual extension.
• E.Create 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.

The Finance Director is concerned that some of his or her project revenue may be overstated. What it should be reviewed to understand the revenue position on each project?

• A.the revenue reviewform to inquire on the amount of revenue raised and invoices raised on aproject
• B.theinvoice review form to inquire on the amount of revenueraised and invoices raised on project
• C.the expenditure inquiry to understand the project's revenue position against the invoice position
• D.the Project Summary unbilled receivables and unearned revenue report, which will identifyallunearned revenue
• E.the ProjectStatus Inquiry to review the project's margin figures

A customer has two operating units: US and Ireland. A project that is set in the Ireland operating unit requires the services of employees from the US operating unit.
Identify three mandatory steps that must be completed for the employees in the US to enter their time on the project and for costs to be successfully distributed.

• A.For the projectin Ireland,set up transaction controls to allow charges from other operating units.
• B.Define providercontrolsin US and receiver controlsin Ireland.
• C.Setup a new transaction source to receive Intercompany transactions in Ireland.
• D.Set up Internal Billing Implementation optionsin US and Ireland.
• E.For theprojectinIreland, select "Allow Cross Charges to all Operating Units within Legal Entity".