1Z0-511 Online Practice Questions and Answers
Which two options are not task attributes for financial task structure?
A. Task Type
B. Service Type
C. Work Type
D. Chargeable Flag
E. Scheduled Dates
What must be defined to enable a company to use an organization for a straight time expenditure?
A. 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.
B. Define the organization with the Following:1. Add the organization classifications HR Organization and ProjectExpenditure/Event2.Add the organization to anorganizationhierarchy3. Add the organization hierarchy to the appropriate Oracleprojectimplementation option setting
C. 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.
D. 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.
E. Define the organization with the Following:1. Add the organization classifications HR Organization and ProjectExpenditure/Event2. Add the organization to an organization hierarchy.3. Define Organization Labor Costing Rules.
A project is enabled for Burdening by setting up a burden schedule at the project type level. A Miscellaneous expenditure Item Is charged to the project with a raw cost of $100 and expenditure type "Overhead." The "Overheads" expenditure type is excluded from all cost bases in the burden structure.
What happens when the "PRC: Distribute usage and Miscellaneous Costs" program is run for this project?
A. The program errorswith the message "Missing Expenditure type."
B. The program completes successfully; Raw Cost = $100, Burden Cost=$0,TotalBurdened cost=$100.
C. Theprogram completes successfully; Raw Cost=$100, Burden Cost= $100,TotalBurdened cost=$100.
D. Theprogram completes successfully; Raw Cost =$100, Burden Cost=$0, Total Burdened cost= $0.
An employee has entered eight hours of billable time on a project. You want only three hours to be billable and five hours to be nonbillable. What is the adjustment action that should be applied on this expenditure item?
A. Transferthe item.
B. Change the billable status.
C. Split the item.
D. Apply billing hold.
E. Change quantity.
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: Cost of Goods SoldCredit: Unbilled Receivables
B. Debit: Unearned RevenueCredit: Revenue
C. Debit:ReceivableCredit:Bank
D. Debit:ReceivableCredit: Unearned Revenue
E. Debit: BankCredit: Revenue
Identity three transactions that can be entered as a pre-approved expenditure batch:
A. Burden
B. Supplier Invoices
C. Usages
D. Expense Reports
E. Miscellaneous
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 withExpenditureType Class as Work in Process
B. expenditure type defined with ExpenditureType Class as Burden transactions
C. expenditure type defined withExpenditure Type Class as Supplier Invoices
D. expenditure type defined with Expenditure Type Class as Miscellaneous Transactions
E. expenditure type defined with Expenditure Type Class as Usages
A customer needs to enable all employees to enter timecards through the web against projects and tasks. What needs to be implemented to allow time to be recorded in Projects?
A. Project CostingOracleTime andLaborHuman Resources
B. OracleTime andLaborPayrollPurchasing
C. Project CostingProject ManufacturingHuman Resources
D. Projects Resource ManagementOracleTime and LaborHuman Resources
E. Project CostingOracle Time and LaborHuman ResourcesPayroll
Your company has two separate expenditure types to capture straight time and overtime labor transactions across all projects. When running cost distribution for labor transactions, the straight time labor must be charged to a labor expense account and overtime labor costs to an overhead expense account. How would you set up two different expense accounts?
A. Set up the account at theExpendituretype definition.
B. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Account."
C. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Clearing Account."
D. Set up the account at the Expenditure type usage definition.
E. Set up the account at the Labor costing rule definition.
An organization has specific departments that manage capital projects. How would you ensure that only these departments own capital projects?
A. Use the transaction control Functionality at the project level.
B. Use the settings in "Additional Details" of the Project/Task owning organization classification.
C. Remove the asset definition options from the templates used by departments that arenot managing capital projects.
D. Use the Project/Task owning organization hierarchy in the implementation options.
E. Set up a separate organization hierarchy for the departments that are managing capital projects.