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

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Showing 7–9 of 10 questions

Question 7

A customer has gone into bankruptcy and is unable to pay their bills. This means that the project revenue is now overstated. How can the customer reduce the revenue on the project to accurately reflect the amount of collectable revenue?

Select an option, then click Submit answer.

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    Create a revenue write-off event for the uncollectable element and interface to General Ledger.
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    Create a negative funding line and assign to the project thus reducing its revenue.
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    Create a cost adjustment on the project using preapproved batches.
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    Create a credit memo in Oracle Projects and interface to Accounts Receivable.
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    Enter a transaction control against the expenditure types and regenerate the draft invoice.
Question 8

A company requires advance payments for their contract projects. How would they ensure that for specific types of work they always have an advance payment?

Select an option, then click Submit answer.

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    Create a specific agreement type and use the advance receipts required extension to ensure that these agreements require advance payments.
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    Set the customer profile in Accounts Receivable to require advance payments.
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    Create a transaction control for specific agreement types to ensure that advance payments are received.
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    Enter a negative agreement value and funded amount.
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    Fund the projects with a dummy agreement.
Question 9

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

Select an option, then click Submit answer.

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    It is the default calendar assigned to resource requirements for the project.
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    It is the default calendar for the automatic generation of cost forecasts in Financial Plans.
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    It is the default calendar used for determining accounting periods.
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    It is used in the determination of currency exchange rates.
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    It is used by date-dependent system workflows.