01. 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
02. 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.
03. 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
04. 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.
05. 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
06. 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
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. 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.
09. 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.
10. 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
The 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 (OCS) certification exam. To become familiar with the actual Oracle Certification exam environment, we suggest you try our Sample Oracle 1Z0-511 Certification Practice Exam.