Newest Oracle 1Z0-511 Practice Questions at Zero Cost

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Question 1

A customer requires budgetary Integration with General Ledger for what will function as an ''Approved Cost'' budget. The customer also wants project managers to maintain cost budgets derived from the Staffing Plan maintained in the workplan. Which budgeting approach will support this requirement?

AForms based 'Approved Cost' budget and Forms based 'Staffing Plan' budget.

BFinancial Plan-based 'Approved Cost' budget and Financial Plan-based 'Staffing Plan' budget

CForms-based 'Approved Cost' budget and financial Plan-based 'Staffing Plan' budget

DFinancial Plan-based 'Approved Cost' budget and Forms-based 'Staffing Plan' budget

Correct Answer: 1

Question 2

A customer is planning to upgrade from 11/to R12 to use Subledger Accounting (SLA). Identify the three options available to the customer.

AConfigure SLA without using the existing AutoAccounting setup. SLA generates accounting combinations without AutoAccounting.

BContinue to use the existing AutoAccounting setup. SLA uses the default flexfield values generated by AutoAccounting.

CDefine alternative accounting rules in SLA to overwrite the default values provided by AutoAccounting.

DUse the existing AutoAccounting setup at the point of upgrade. Evaluate the benefits of SLA and migrate to SLA when and if beneficial.

EUse the existing AutoAccounting setup only. SLA is not applicable to Projects because Oracle Projects has AutoAccounting.

Correct Answer: 2

A, C, E

Question 3

An organization has specific departments that manage capital projects. How would you ensure that only these departments own capital projects?

AUse the transaction control Functionality at the project level.

BUse the settings in 'Additional Details' of the Project/Task owning organization classification.

CRemove the asset definition options from the templates used by departments that are not managing capital projects.

DUse the Project/Task owning organization hierarchy in the implementation options.

ESet up a separate organization hierarchy for the departments that are managing capital projects.

Correct Answer: 3

Question 4

A project manager would like to find out how much event revenue was accrued against a project up to and including a specific date. Where would this information be available?

AEvents form within Project Status Inquiry

BAccrued revenue within Expenditure Inquiry Form

CRevenue Review Form

DReview Project Funding Form

Correct Answer: 4

Question 5

Which statement is true about the use of the calendar assigned to a project?

AIt is the default calendar assigned to resource requirements for the project.

BIt is the default calendar for the automatic generation of cost forecasts in Financial Plans.

CIt is the default calendar used for determining accounting periods.

DIt is used in the determination of currency exchange rates.

EIt is used by date-dependent system workflows.

Correct Answer: 5

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