How to Prepare for 1Z0-511 Exam on Oracle EBusiness Suite (EBS) R12 Project Essentials Certification?
The Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) preparation guide helps you get focused on the exam. This guide also helps you stay on the 1Z0-511 exam track to get certified with a good score in the final exam.
1Z0-511 Oracle E-Business Suite (EBS) R12 Project Essentials
Exam Summary
Exam Name Oracle E-Business Suite (EBS) R12 Project Essentials
Exam Code 1Z0-511
Exam Product Version EBS R12
1Z0-511: Oracle E-Business Suite (EBS) R12 Project Essentials
Exam Price USD $245 (Price may vary by country or by localized currency)
Duration 120 minutes
Number of Questions 70
Passing Score 63%
Format Multiple Choice Questions (MCQ)
Recommended Training Oracle E-Business Suite R12 Project Certified Implementation Specialist R12.x Oracle Project Management Fundamentals
Schedule Exam Pearson VUE
Sample Questions Oracle E-Business Suite R12 Project Certified Implementation Specialist (OCS)
Recommended Practice 1Z0-511 Online Practice Exam
Exam Syllabus: 1Z0-511 Oracle E-Business Suite (EBS) R12
Project Essentials
Project Foundation: Implementation Options
- Configure System Implementation Options
- Set up Currency Options
- Describe the use and implementation of Periods and Calendars
1Z0-511: Oracle E-Business Suite (EBS) R12 Project Essentials
Project Foundation: Fundamentals
- Describe the use and functioning of People and Roles
- Choose Project Structures
- Describe the uses and implementation of Project Types and Project Templates
- Explain Project and Task Fundamentals
- Create Organizations
- Describe the use and implementation of Project and Organization Security
- Integrate with other Oracle Applications
- Describe the use and functioning of Organization Forecasting
- Use Rates
- Describe the use and implementation of User Defined Attributes
- Define Expenditure and Revenue Categories
- Perform Accounting for Costs: SLA vs AA
Project Costing: Implementation Options
- Define Expenditure Types
- Describe the use and functioning of Transaction Sources
- Describe the use and implementation of Transaction Controls
- Describe the use and implementation of Allocations
- Describe the use and implementation of Expenditure Adjustments
- Utilize Cross Charges
- Utilize Cost Budgets
Project Costing: Fundamentals
- Use Burden Costing
- Explain Budgetary Controls and Budget Integration
- Set up Labor and Non-Labor Costing
- Create Asset Capitalization
- Describe the use and functioning of Preapproved Expenditure Batches
- Integrate with other Applications
- Configure Multi Currency Billing
Project Billing: Implementation Options
Project Billing: Fundamentals
- Set up Customer Billing Retention
- Perform Accounting for Revenue and Billing
- Describe the use and functioning of Intercompany Billing
- Describe the use and functioning of Inter Project Billing
- Configure Agreements and Funding
- Describe the use and implementation of Events
- Describe the purposes and implementation of Revenue Budgets
- Set up Contract Projects
- Use Projects Revenue
- Describe the use and functioning of Billing Extensions
- Perform Invoicing
- Integrate with other Applications
Oracle 1Z0-511 Certification Sample Questions and Answers
To make you familiar with the structure of the Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) certification exam, we have prepared this sample question set. We suggest you try our Sample Questions for Oracle 1Z0-511 Certification to test your understanding of the Oracle 1Z0-511 process in the real Oracle certification exam environment.
1Z0-511 Oracle E-Business Suite (EBS) R12 Project Essentials
Sample Questions
01. Identify two predefined transaction sources that Oracle Projects uses to import the transactions generated within Oracle Projects.
(Choose two)
a) Oracle Interproject Supplier Invoices
b) Oracle Projects Intercompany Supplier Invoices
c) Project Allocations
d) Capitalized Interest
e) Oracle Interproject Customer Invoices
02. Which types of rate schedules should be defined to allow rates to be used to generate financial plans?
a) Job Labor Rates Schedule Non Labor Rate Schedule
b) Resource Class Schedule Planning Rate Schedule Labor Rates Schedule
c) Resource Class Schedule Labor Rates Schedule Non Labor Rate Schedule
d) Resource Class Schedule Planning Rate Schedule Non Labor Rates Schedule
03. Which statement is true about the use of the calendar assigned to a project?
a) It is the default calendar assigned to resource requirements for the project.
b) It is the default calendar used for determining accounting periods.
c) It is the default calendar for the automatic generation of cost forecasts in Financial Plans.
d) It is used in the determination of currency exchange rates.
e) It is used by date-dependent system workflows.
04. You are setting up an AutoAccounting rule and trying to use "Class Code" as the parameter for that rule. Which setup must exist in order to use "Class Code" as one of the parameters?
a) Enable Auto Accountingfor one Class Code of a Class Category.
b) Enable Auto Accounting for all the Class Codes of a Class Category.
c) Enable Auto Accounting for the Class Category.
d) Enable Auto Accountingfor both Class Category and Class Code.
05. Your customer has set up a contract project with a distribution rule Work/Work. Identify three setup options to:
(Choose two)
a) Setup revenue categories as required.
b) Define revenue accounts at the revenue category setup level.
c) Define AutoAccounting rules to derive revenue account based on revenue category.
d) Define grouping option by revenue category on the invoice format and attach the invoice format at the project type level.
e) Define grouping option by revenue category on the project type.
06. 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 Project Status Inquiry to review the project's margin figures
b) the expenditure inquiry to understand the project's revenue position against the invoice position
c) the Project Summary unbilled receivables and unearned revenue report, which will identify all un earned revenue
d) the revenue review form to inquire on the amount of revenue raised and invoices raised on aproject
e) the invoice review form to inquire on the amount of revenue raised and invoices raised on project
07. A company has different organization requirements for HR, Payroll, Finance, and Projects. How can the company achieve this?
a) By configuring a shared organization hierarchy
b) By configuring separate organization hierarchies for each application
c) By configuring a shared organization hierarchy for Projects and Payroll
d) By configuring a shared organization hierarchy for Finance and Payroll
08. A customer wants to make a new classification mandatory on all their new projects. Select the three options that could help them accomplish this.
a) Define the classification as Mandatory in the Project Type configuration.
b) Define the classification category to allow one code only.
c) Define project status controls to disallow project status changes where classification category code share missing.
d) Define the classification as Mandatory in the Classification configuration.
e) Define the classification as Required on the appropriate project templates in the QuickEntry screen.
09. What type of project will a company require to use Organization Forecasting?
a) multi-function project
b) Administration Project
c) Organization Planning Project
d) capital project
e) contract project
10. In a manufacturing company, there is a need to define 50 different jobs for engineers in Human Resources. For those 50 jobs, Oracle Projects has only 20 equivalent jobs for Billing.
What functionality do you use to link these Human Resources and Projects jobs?
a) Job Families
b) Job Groups
c) Job Mapping
d) Job Levels
e) Job Hierarchy Solution:
QUESTION: 01
Answer: c, d
QUESTION: 06
Answer: c
QUESTION: 02 Answer: c
QUESTION: 07 Answer: c
QUESTION: 03 Answer: b
QUESTION: 08 Answer: d
QUESTION: 04 Answer: a
QUESTION: 09 Answer: e
QUESTION: 05 Answer: c, d
QUESTION: 10 Answer: b
How to Register for 1Z0-511 Oracle E-Business Suite (EBS) R12 Project Essentials Exam?
● Purchase exam voucher from Oracle University
● Register for an exam at PearsonVue