Oracle 1Z0-511 Quiz 1 Topic 10 Questions 1-5

Question: 1

A project has two customer billing elements. One part of the project is based on a fixed fee and the other part is a variable based on a cost plus basis. The customer requires separate invoices for fixed fee elements and variable works elements. How can agreements be used to provide separate invoices?

ACreate each element as a top task and implement top task billing for the project.

BCreate each element as a top task on the project and create an agreement for variable works and one for fixed fee. Then fund the project at the top task level.

CHave one agreement and create an invoice grouping rule in Accounts Receivable.

DCreate one agreement and fund the project.

EUse billing events and create separate events per purchase order.

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Question: 2

Identify three transactions for which Oracle Project Costing enforces budgetary controls.

Aproject-related purchase requisitions and purchase orders entered in Oracle Purchasing

Bexpense reports entered In Oracle iExpenses

Csupplier invoices entered in Oracle Payables

Dcontingent worker purchase orders entered in Oracle Purchasing

Eemployee timecards entered in Oracle Time and Labor

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Question: 3

A customer enables transaction controls at the Project level. Oracle Project Costing checks the control when the customer ________.

Atransfers an expenditure item to another task of the same project

Bruns the PRC: Distribute Labor Costs concurrent program

Cruns the PRC: Transaction Import concurrent program

Denters a project-related invoice distribution in Oracle Payables

Eenters an online or preapproved expenditure item

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Question: 4

Which types of rate schedules should be defined to allow rates to be used to generate financial plans?

AJob Labor Rates Schedule
Non Labor Rate Schedule

BResource Class Schedule
Planning Rate Schedule
Labor Rates Schedule

CResource Class Schedule
Labor Rates Schedule
Non Labor Rate Schedule

DResource Class Schedule
Planning Rate Schedule
Non Labor Rates Schedule

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Question: 5

An organization wants to consolidate work based billing across multiple projects (produce one invoice for a single customer based on multiple contract projects). Which two methods will help them accomplish this?

ACreate draft Invoices against individual projects, and consolidate them in Receivables.

BCreate a program. All costs will roll up to the program level and the program can be billed.

CRun the invoice consolidation concurrent request to produce a single invoice.

DCarry out billing against top tasks across any projects with the same Service Type.

EUse inter-project billing so that individual contract projects invoice a single project which, in turn, bills the customer.

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Oracle 1Z0-511 Quiz:1 Topic:10 Questions:1-5