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Oracle E-Business Suite R12 Project Essentials Exam

Question No: 11

Which three types of People Resources does Oracle Projects support?

  1. Team Roles

  2. Straight Time

  3. Jobs

  4. Item

  5. Named Person

Answer: A,C,E Explanation: 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: 12

Identify three adjustment actions that require submission of Distribute costs program to process the adjustments?

  1. Change Comment

  2. Release Hold

  3. Split

  4. Transfer

  5. Recalculate Revenue

  6. Capitalizable to Non-Capitalizable

Answer: C,D,F

Explanation: After you have performed the adjustment actions, you need to run the appropriate processes to process the adjustments.

The table below notes what processes to run to process each adjustment action.

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Question No: 13

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?

  1. Create a revenue write-off event forthe uncollectable element andinterface to General Ledger.

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

  3. Createacost adjustment on the project using preapproved batches.

  4. Createa credit memo in Oracle Projects and interface to Accounts Receivable.

  5. Entera transaction control against the expendituretypes and regenerate the draft invoice.

Answer: A

Question No: 14

What must be defined to enable a company to use an organization for a straight time

expenditure?

  1. Define the organization with the Following:

    1. Add Cost Centreas the Organization type.

    2. Add an organization classification ofHR Organization.

    3. Add the organizationto anorganization hierarchy.

  2. Define the organization with the Following:

    1. Add the organization classifications HR Organization and ProjectExpenditure/Event 2.Add the organization to anorganizationhierarchy

      3. Add the organization hierarchy to the appropriate Oracleprojectimplementation option setting

  3. Define the organization with the following:

    1. Add the organization classificationsProject/Task Owning Organization and ProjectExpenditure/Event Organization.

    2. Add the organization to an organization hierarchy.

    3. Add the organization hierarchy to the appropriate Oracle project implementation option setting.

  4. Define the organization with the following:

    1. Add the organization classifications Project Expenditure/Event Organization.

    2. Add the organization to an organization hierarchy.

    3. Add the organization hierarchy to the appropriate Oracle project implementation option setting.

  5. Define the organization with the Following:

    1. Add the organization classifications HR Organization and ProjectExpenditure/Event

    2. Add the organization to an organization hierarchy.

    3. Define Organization Labor Costing Rules.

      Answer: E Explanation:

      Note:

      *You can set this at the Inventory Organization level in the Project Manufacturing Parameters window, the Costing tabbed region. This allows WIP employee resources and Project straight time hours to be summarized as Straight Time Expenditure Type Class.

      *expenditure type class

      An additional classification for expenditure types that indicates how Oracle Projects processes the expenditure types. For example, if you run the Distribute Labor Costs process, OracleProjects will calculate the cost of all expenditure items assigned to the Straight Time expenditure type class. Formerly known as system linkage

      Question No: 15

      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.

      1. Set up Internal Billing Implementation optionsin US and Ireland.

      2. Define providercontrolsin US and receiver controlsin Ireland.

      3. Setup a new transaction source to receive Intercompany transactions in Ireland.

      4. For theprojectinIreland, select quot;Allow Cross Charges to all Operating Units within Legal Entityquot;.

      5. For the projectin Ireland,set up transaction controls to allow charges from other operating units.

Answer: B,C,D

Explanation: B:Provider and Receiver Controls Setup

For each provider operating unit or receiver operating unit involved in the cross charge, the Provider/Receiver Controls window Provider Controls and Receiver Controls tabs specify:

The cross charge method to use to process intercompany cross charges and to override default cross charge method for inter-operating unit cross charges.

Attributes required for the provider operating unit to process intercompany billing to each receiver operating unit. This includes the Intercompany Billing Project and Invoice Group.

Attributes required for the receiver operating unit to process intercompany billing from each provider operating unit. This includes the supplier site, expenditure type and expenditure organization.

  • (C)Intercompany Billing Accounting

    Companies choose the intercompany billing method largely due to legal and statutory requirements. When you use this method, Oracle Projects generates physical invoices and corresponding accounting entries at legal transfer prices between the internal seller(provider) and buyer (receiver) organizations when they cross a legal entity boundary or operating units.

  • (D)Overview of Cross Charge

When projects share resources within an enterprise, it is common to see those resources shared across organization and country boundaries. Further, project managers may also divide the work into multiple projects for easier execution and management. The legal, statutory, or managerial accounting requirements of such projects often present complex operational control, billing, and accounting challenges.

Oracle Projects enables companies to meet these challenges by providing timely information for effective project management. Project managers can easily view the current total costs of the project, while customers receive bills as costs are incurred, regardless of who performs the work or where it is performed.

Reference:Oracle Project Costing User Guide,Cross Charge

Question No: 16

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?

  1. Use transaction controls to restrict billing to Non-Labor elements and to calculate the bill amounts on Non-Labor.

  2. 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.

  3. 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.

  4. Use the cost-to-cost billing extension to build billing rules to meet the requirement.

  5. Use the cost accrual extension.

Answer: B

Question No: 17

An organization posts project costs to the balance sheet as they are incurred. Each month they recognize project revenue on each project.

Select the option that ensures that costs are credited from the balance sheet and debited to profit and loss as revenue is recognized.

  1. Use events for project revenue and use GL journals to carry outthe relevant account postings.

  2. Implement a projectrevenue extensionwithappropriate event types and AutoAccountingdefinition.

  3. Usemiscellaneoustransactions to generate revenue with the appropriate AutoAccountingdefinition.

  4. Use preapproved batches with a class type of quot;Work in Processquot; to generate revenue withthe appropriate AutoAccounting definition.

Answer: B

Question No: 18

Company ABC wants to deploy workplan task structures where the lowest tasks represent deliverables. They want to collect costs at a level higher than the lowest tasks for groups of deliverables. Which two task structure relationships are available for them to consider?

  1. Define the structures as Fully Shared.

  2. Utilize Task-based mapping structures.

  3. Defineaseparate branch of task hierarchy for deliverables.

  4. Define a separate branch of task hierarchy for cost collection.

  5. Definethe structures as Partially shared.

Answer: B,C Explanation:

Note:

*You can set up two types of project structures in Oracle Projects:

/Workplan structures consist of tasks that help project managers and team members plan, track, and deliver projects on time.

/Financial structures consist of tasks that help project managers and financial administrators track billing, costs, budgets, and other financial information for individual projects.

*If you enable both a workplan structure and a financial structure for your project or project template, you can decide whether or not they are integrated, and if so, to what degree. You do this by choosing one of the following options on the Structures setup page:

/Shared Structures: Enables you to generate a financial structure with a task hierarchy that is fully shared by the workplan structure task hierarchy. Workplan and financial structures are fully shared by default.

/Partially Shared Structures: Enables you to generate a financial structure that is partially shared by the workplan structure hierarchy.

/Non-Shared: Task-Based Mapping: Enables you to map individual workplan structure tasks to individual financial structure tasks.

/Non-Shared: No Mapping: Choose this if you do not want to integrate your project workplan and financial structures in any way.

Question No: 19

A US-based company is providing resources to a UK subsidiary and has implemented Oracle Projects intercompany billing solutions. How would the US company create the Accounts Payable invoice in the UK operating unit?

  1. when the draft intercompany invoiceis approvedin the us Projects ledger

  2. when the draftintercompanyrevenue is approved in the US Projectsledger

  3. Invoice automatically createdas part of the PRC: Tieback Invoices fromReceivables in the USProject ledger

  4. when the draftintercompanyinvoice is released in the US Projects Ledger

  5. on creation ofthe Intercompany revenue in the US General Ledger

Answer: C

Explanation: The provider operating unit runs the process PRC: Tieback Invoices from Receivables, which automatically creates corresponding intercompany invoice supplier invoices ready to be interfaced to Oracle Payables in the receiver operating unit.

Note:

See step 6 below.

Intercompany Billing Processing FlowIntercompany billing processing requires the following steps:

->The provider operating unit enters or imports cross charge transactions.

->The provider operating unit distributes costs of the cross charges, which are identified as cross charge transactions by the cost distribution processes.

Thedistribution of the costs is independent of revenue generation and are distributed even if revenue has not been generated.

The provider operating unit also imports project-related supplier costs from Oracle Purchasing and Oracle Payables and project-related expense report costs from Oracle Payables.

->The provider operating unit runs the process PRC: Generate Intercompany

Invoices for a Single Project, or the process PRC: Generate Intercompany Invoices for a Range of Projects, to generate draft intercompany invoices with the associated intercompany receivable and revenue accounts, and the transfer price.

->The provider operating unit reviews, approves, and releases the intercompany

invoices.

->The provider operating unit interfaces the approved intercompany invoices to Oracle Receivables. You can include the following activities in this process:

->The provider operating unit runs the process PRC: Tieback Invoices from Receivables, which automatically creates corresponding intercompany invoice supplier invoices ready to be interfaced to Oracle Payables in the receiver operating unit.

Use Oracle Receivables to print the invoice as well as to create accounting for Oracle Subledger Accounting.

->If cost reclassification is enabled, the provider operating unit performs the following

processing steps:

->The receiver operating unit imports the intercompany supplier invoices into Oracle Payables. This import process calculates recoverable and non-recoverable tax amounts. Upon review and approval in Oracle Payables, the receiver operating unit runs the process Create Accounting to create subledger accounting entries for the supplier invoices in Oracle Subledger Accounting. When you run the process in final mode, you can optionally choose to transfer the accounting to Oracle General Ledger.

->The receiver operating unit interfaces the supplier invoice to Oracle Projects, which pulls in the non-recoverable tax amounts as additional project costs.

->(Optional) You can require the receiver operating unit to run additional customized processes to create additional accounting entries in Oracle Subledger Ac

Reference:Oracle Project Costing User Guide,Cross Charge

Question No: 20

You have defined a Non-Labor resource quot;Mini Truckquot; with an expenditure type quot;Vehiclequot; that has a rate of $100. This resource is attached to three Non-Labor resource organizations: quot;Construction-East,quot; quot;Construction-West,quot; and quot;Construction-Central.quot;

How do you set up a rate of $150 for usage charges when the quot;Mini Truckquot; owned by quot;Construction-Centralquot; is charged to a project?

  1. In the Project setup, enter a rate of $150 forquot;Construction-Centralquot;in the organization overrides.

  2. In the Non-Labor resources setup, select thequot;Construction-Centralquot;organization and enter a rate of $150.

  3. Create a new rate schedule with a rate of $150 forquot;Mini Truckquot;and attach it to the project.

  4. Create a new rate schedule with a rate of $150 forquot;Mini Truckquot;and attach it toquot;Construction-Central.quot;

  5. Write custom code in Non-Labor cost override extension.

Answer: D

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