Oracle 1Z0-511 Certification Sample Questions and Answers

1Z0-511 PDF, 1Z0-511 Dumps PDF Free Download, 1Z0-511 Latest Dumps Free PDF, E-Business Suite (EBS) Project Essentials PDF DumpsThe Oracle E-Business Suite (EBS) Project Essentials (1Z0-511) Sample Question Set is designed to help you prepare for the Oracle E-Business Suite R12 Project Certified Implementation Specialist certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-511 Certification Practice Exam.

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Oracle 1Z0-511 Sample Questions:

01. Labor is charged to expenditure organization "Site B Field Crew," which has NO organization labor costing rule assigned. In the Expenditure/Event organization hierarchy, Site B Field Crew rolls up to "West Region," which also has no rule, which in turn rolls up to "Operations," which HAS a labor costing rule. Above Operations is the top node "Corporate," which also has a rule.
Which labor costing rule does Oracle Projects use to cost the labor?
a) The rule on Corporate, because the topmost node of the hierarchy always governs costing.
b) The rule on Operations, the nearest parent up the hierarchy that has a rule assigned.
c) None — costing simply fails outright because the charged organization carries no rule of its own.
d) The rule on West Region, which is defaulted to an automatic system blank costing rule.
 
02. At period end, an accountant must transfer and post project costs to the General Ledger. The PA period and the GL period for the month are both open.
To close cleanly for the month, which sequencing of period statuses is correct?
a) Keep the GL period open until interface and posting finish; move the PA period to Pending Close (or Closed) only after transactions are processed, then close the GL period last
b) Close the PA period first while leaving the GL period open indefinitely, on the assumption that PA periods are entirely independent of GL posting and need no coordinated cutoff
c) Close the GL period first so that absolutely no further postings can occur, and then process and interface the PA period transactions sometime afterward in the next open period
d) Close the PA period and the GL period simultaneously at the very start of the month, so that only the current month's brand-new transactions can ever be entered or processed
 
03. Inter-operating-unit time entry within a single legal entity is failing: employees in OU-1 cannot charge time to projects owned by OU-2. The implementer has confirmed the provider operating unit's cross charge controls are set.
Which additional configuration is required to permit the cross-OU time entry?
a) Only the system profile option for multi-currency needs enabling; the provider and receiver cross charge controls are irrelevant here.
b) The project must first be made a contract project type before any cross charge between the two operating units can occur.
c) Both operating units must first be merged into one single combined operating unit so that the employee time charging no longer crosses any OU boundary at all.
d) The receiver OU's cross charge controls must allow the provider, and "Allow Cross Charges to All Operating Units Within Legal Entity" must be enabled.
 
04. During period close, a Projects accountant has distributed and created accounting for project costs in Oracle Projects, but the costs are not yet visible as posted journals in the General Ledger. The accounting was created with the option to transfer to GL set to "No."
What is the correct next step to get the project cost accounting into the General Ledger?
a) Run the process to transfer the created subledger journal entries to the GL (then import/post in GL), since accounting was created with transfer set to No
b) Re-run the Distribute Costs program, treating it as the step that physically posts the created entries into the General Ledger for the period
c) Reverse the created accounting and then re-create it from scratch, because accounting created with the transfer option set to No can never be transferred later
d) Open the GL period only and wait, since the already-created subledger entries will then appear in the General Ledger automatically without any transfer step
 
05. An implementer creates a new expenditure type and tries to save it, but it is not yet usable for charging cost. A reviewer asks which components must be defined for the expenditure type to be complete and usable.
Which option lists the components that an expenditure type definition requires?
a) Expenditure category, transaction control level, capitalization flag, and unit of measure.
b) Expenditure category, transaction source, billing event type, and unit of measure.
c) Expenditure category, revenue category, unit of measure, and expenditure type class.
d) Revenue category, agreement type, expenditure type class, and rate schedule.
 
06. On a labor-only consulting project, management requires that team members can charge labor expenditure types but must be prevented from charging any material or supplier-invoice expenditure types. The implementer wants to enforce this at the project using transaction controls.
Which approach is correct?
a) Use exclusive transaction controls that list only the permitted labor expenditure types or category.
b) Use inclusive transaction controls that list the material and supplier expenditure types so only those specific types are blocked.
c) Remove the material and supplier expenditure types from the system entirely so that no project can ever use them.
d) Set the overall project status to closed so that material and supplier charges can no longer be entered against it.
 
07. After a reorganization, three new departments were created and classified as Project/Task Owning Organizations, but project managers report that the new departments do not appear in the list of values when they try to set the owning organization on a new project. The classifications are active.
Which action most directly resolves this?
a) Grant each project manager the cross-project update profile so they can see and select the new departments in the list
b) Re-run AutoAccounting so the new organizations are recognized and published to the project owning-organization list of values
c) Change the project type so that it permits the additional owning organizations created during the reorganization
d) Add the new departments to the hierarchy version named in the Project/Task Owning Organization implementation option
 
08. For a contract project, the business requires that when project cost is accrued it first lands in a balance-sheet (asset/clearing) account, and only when revenue is recognized is the corresponding cost moved into a profit-and-loss cost-of-revenue account. The implementation team wants the account derivation to react to a revenue-related condition on the transaction.
Which combination most appropriately delivers this behavior?
a) A single AutoAccounting rule with one hard-coded P&L cost account for all project cost, so the accrual timing is handled manually in GL.
b) A cost/revenue accounting extension (or SLA derivation) picking a balance-sheet account at accrual and a P&L account at revenue.
c) Project budgetary control, which is meant to automatically reclassify balance-sheet cost into P&L as funds are consumed.
d) A billing event of type "Manual," which is meant to post the underlying cost directly to the P&L when it is raised.
 
09. On a single project, employees record both straight-time and overtime hours. The controller requires straight-time labor to post to a Direct Labor expense account and overtime premium to a separate Overtime Expense account.
Using delivered functionality, how is this routing achieved?
a) By changing the employee's labor costing rule on the overtime days only so the premium routes elsewhere.
b) By creating two separate projects so that each one accumulates its labor to its own distinct expense account.
c) By assigning the two kinds of hours to different revenue categories so that the revenue and its related accounting post separately.
d) By assigning straight-time and overtime to different expenditure types and letting AutoAccounting derive the account.
 
10. A class category called "Funding Source" has been defined and the business rule is that every project of a particular project type must record exactly one Funding Source value, with users prevented from saving a project that omits it.
Which configuration enforces that the class category is mandatory for those projects?
a) Associate the class category with the project type and mark it mandatory with one assignment per project
b) Add the class category only to the quick-entry list on the project template, which suggests but does not require a value
c) Define the class category as optional and rely on users to remember to populate it during project data entry
d) Make the class category mandatory only at the project status control level for the Approved project status

Answers:

Question: 01

Answer: b

Question: 02

Answer: a

Question: 03

Answer: d

Question: 04

Answer: a

Question: 05

Answer: c

Question: 06

Answer: a

Question: 07

Answer: d

Question: 08

Answer: b

Question: 09

Answer: d

Question: 10

Answer: a

 

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