1z0-511 Oracle E-Business Suite R12 Project Essentials - Practice Questions

Question 1

Which three statements are true about Multi-Currency Billing?

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Agreements, Events, and Bill Rates have to be in the same current as the Project Functional Currency.
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Agreements, Events, and Bill Rates can all be different currencies than the Project Functional Currency.
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The Project Currency can be different from the Functional Currency of the operating unit that owns the project.
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The Project Currency has to be the same as the Functional Currency of the operating unit that owns the project.
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An agreement can fund invoices in more than one currency.

Reference / correct answer:

Agreements, Events, and Bill Rates can all be different currencies than the Project Functional Currency.

The Project Currency can be different from the Functional Currency of the operating unit that owns the project.

An agreement can fund invoices in more than one currency.

C:The multi-currency billing option can be set both at the operating unit level and at the project level. To enter agreements and rate schedules in any currency for a project, you must enable the multi-currency billing functionality for the operating unit. To enter events in any currency for a project, you can enable the functionality at the project level only. This value defaults from the project template You can override the default value for an individual project template or project.

Note:

Oracle Projects gives you the option to bill in a global environment when the multi-currency billing is enabled for an operating unit and for a project. When multi-currency billing is enabled, you can:

*Enter agreements, bill rates, and events in any currency regardless of the project functional currency(B)

*Designate the project functional currency, project currency, or funding currency as the invoice processing currency for a project

*Designate the project functional currency and the invoice transaction currency as the revenue transaction currency

*Define currency conversion attributes for converting revenue and invoicing amounts to the project currency, project functional currency, and funding currency

*Define currency conversion attributes for converting funding amounts to the project functional currency, and the project currency

*Define a default invoice currency for a project customer that is different from the project functional currency and assign conversion attributes for deriving revenue in this currency

References:

Question 2

Identify two predefined transaction sources that Oracle Projects uses to import the transactions generated within Oracle Projects.

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Oracle Interproject Supplier Invoices
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Oracle Projects Intercompany Supplier Invoices
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Project Allocations
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Capitalized Interest
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Oracle Interprojed Customer Invoices

Question 3

A company is using Project Billing. To meet their billing requirements, the company has

Set up various revenue categories. Identify four places where the company can use these revenue categories in Oracle Project.

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Setting up Transaction Controls using Revenue Categories.
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Grouping Expenditure Types by Revenue Categories.
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Grouping Event Type Revenue Categories.
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Defining Rate Schedules using Revenue Categories.
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Setting up AutoAccounting Rules using Revenue Categories.
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Entering Budgets using Revenue Categories.

1z0-511 – Oracle E-Business Suite R12 Project Essentials