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

Question 4

Which two options are not task attributes for financial task structure?

Select all that apply, then click Submit answer.

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Task Type
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Service Type
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Work Type
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Chargeable Flag
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Scheduled Dates

Question 5

Company ABC wants to deploy workplan task structures where the lowest tasks represent deliverables. They want to collect costs at a level higher than the lowest tasks for groups of deliverables. Which two task structure relationships are available for them to consider?

Select all that apply, then click Submit answer.

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Define the structures as Fully Shared.
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Utilize Task-based mapping structures.
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Define a separate branch of task hierarchy for deliverables.
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Define a separate branch of task hierarchy for cost collection.
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Define the structures as Partially shared.

Reference / correct answer:

Utilize Task-based mapping structures.

Define a separate branch of task hierarchy for deliverables.

Note:

*You can set up two types of project structures in Oracle Projects:

/Workplan structures consist of tasks that help project managers and team members plan, track, and deliver projects on time.

/Financial structures consist of tasks that help project managers and financial administrators track billing, costs, budgets, and other financial information for individual projects.

*If you enable both a workplan structure and a financial structure for your project or project template, you can decide whether or not they are integrated, and if so, to what degree. You do this by choosing one of the following options on the Structures setup page:

/Shared Structures: Enables you to generate a financial structure with a task hierarchy that is fully shared by the workplan structure task hierarchy. Workplan and financial structures are fully shared by default.

/Partially Shared Structures: Enables you to generate a financial structure that is partially shared by the workplan structure hierarchy.

/Non-Shared: Task-Based Mapping: Enables you to map individual workplan structure tasks to individual financial structure tasks.

/Non-Shared: No Mapping: Choose this if you do not want to integrate your project workplan and financial structures in any way.

Question 6

A company generates revenue at period end, but bills monthly in advance. The customer is invoiced in April with project starting in May and the first project is due to be recognized at the end of May. What are the accounting entries at the end of May?

Select an option, then click Submit answer.

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Debit: Cost of Goods SoldCredit: Unbilled Receivables
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Debit: Unearned RevenueCredit: Revenue
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Debit: ReceivableCredit:Bank
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Debit: ReceivableCredit: Unearned Revenue
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Debit: BankCredit: Revenue

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