Most Recent Oracle 1Z0-511 Exam Dumps

Prepare for the Oracle E-Business Suite R12 Project Essentials exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Oracle 1Z0-511 exam and achieve success.

The questions for 1Z0-511 were last updated on Apr 30, 2025.

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Question No. 1

Which three types of People Resources does Oracle Projects support?

ATeam Roles

BStraight Time

CJobs

DItem

ENamed Person

Show Answer

Correct Answer: A, C, E

Note:

* People resources represent named persons or any grouping of named

persons (E) by attributes such as job (C), organization, or role (A), whose time (effort)

capacity is consumed to complete the project work. Example: Amy Marlin

Question No. 2

You have imported Labor transactions into Oracle Projects from Oracle Time and Labor by running the "PRC: Transaction Import" program. What is the correct sequence to run the concurrent programs listed below to transfer the cost and accounting entries of these transactions to General Ledger?

1. PRC: Distribute Labor Cost

2.PRC: Transfer Journal Entries to GL

3.PRC: Create Accounting (with the Transfer to GL option set to "No")

4.PRC: Interface Labor Costs to GL

5.PRC: Generate Cost Accounting Events

6.PRC: Distribute and Interface tabor costs to GL

A1, 3, 6

B1, 5, 3, 4

C1, 5, 3, 2

D1, 2

E3, 6

Show Answer

Correct Answer: C

The following activities take place as part of the expenditures process flow for labor costs:

1. Run the process PRC: Distribute Labor Costs. This process calculates the raw and burden cost components for labor cost expenditure items. It also uses AutoAccounting to determine the default debit account for each expenditure item.

2. Run the process PRC: Generate Cost Accounting Events. This process uses AutoAccounting to determine the default credit account for each expenditure item. It also generates accounting events for distributed transactions. You can optionally select Labor Cost as the process category to limit the process to labor costs.

3. Run the process PRC: Create Accounting. This process creates subledger journal entries for eligible accounting events. You can run the process in either draft or final mode. You can optionally select Labor Cost as the process category to limit the process to labor cost accounting events. Optionally, the process can post journal entries in Oracle General Ledger.

If you define your own detailed accounting rules in Oracle Subledger Accounting, then Oracle Subledger Accounting overwrites default accounts, or individual segments of accounts, that Oracle Projects derives using AutoAccounting.

4. Run the process PRC: Transfer Journal Entries to GL. When you run the process PRC: Create Accounting, if you select No for the parameter Transfer to GL, then you run the process PRC: Transfer Journal Entries to GL to transfer the final subledger journal entries from Oracle Subledger Accounting to Oracle General Ledger. You can optionally select Labor Cost as the process category to limit the process to labor cost accounting events. Optionally, the process can post journal entries in Oracle General Ledger.

5. Run Journal Import in Oracle General Ledger. (optional) This process brings the final accounting entries from Oracle Subledger Accounting into Oracle General Ledger.

Question No. 3

Which three statements are correct about defining a cost budget for a project?

AYou can enter budget amount at the project level, the top task level, or the lowest task level.

BYou can enter budget amount only at the lowest task level.

CYou can enter budget amount for a combination of lowest task and a labor resource.

DYou can enter budget amount only at the top task level.

EYou can enter budget amount for a combination of lowest task and a Non-Labor resource.

FYou cannot enter budget amount for a combination of lowest task and a Non-Labor resource.

Show Answer

Correct Answer: A, C, F

A: You can budget at the project, top task, or lowest task level.

Note:

* When you create budgets and forecasts that do not use budgetary control and budget integration features, you can choose to enter budget and forecast amounts at any level of the financial structure by selecting one of the following lowest level planning level options:

Project

Top Task

Lowest Task

When you choose the Lowest Task option, you can enter amounts at all levels of the financial structure including top tasks, middle-level tasks, and lowest tasks. You can also enter amounts at multiple task levels within the same branch of the financial structure. Oracle Projects treats the amounts that you enter at each task level as incremental amounts that roll up into the total amounts for the project.

Question No. 4

A customer has gone into bankruptcy and is unable to pay their bills. This means that the project revenue is now overstated. How can the customer reduce the revenue on the project to accurately reflect the amount of collectable revenue?

ACreate a revenue write-off event for the uncollectable element and interface to General Ledger.

BCreate a negative funding line and assign to the project thus reducing its revenue.

CCreate a cost adjustment on the project using preapproved batches.

DCreate a credit memo in Oracle Projects and interface to Accounts Receivable.

EEnter a transaction control against the expenditure types and regenerate the draft invoice.

Show Answer

Correct Answer: A

Question No. 5

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?

AAmend the employee's HR assignment to Project Manager.

BAdd the employee as a separate line to the default bill rate schedule.

CUse the transaction control functionality at the project level.

DUse the assignment override at the project level.

EUse the employee bill rate override at the project level.

Show Answer

Correct Answer: D

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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