Practice Tests / Oracle / 1Z0-511
Oracle
1Z0-511 Oracle E-Business Suite (EBS) R12 Project Essentials 1Z0-511
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VendorOracle
Code1Z0-511
Duration120 minutes
Questions70 refs
Exam facts
Objective-based preparation without unauthorized content
Certification metadata is preserved from the legacy QZ9 catalog. Questions remain English-only.
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Practice questions are provided in English to match the language commonly used in IT certification exams.
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?
Question 2
A company generates revenue at period end, but bills monthly in arrears. The first project revenue is due to be recognized at the end of May and the first invoice sent to the customer in June. What are the accounting entries at the end of May?
Question 3
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?
Question 4
A client requires a project definition that allows for charging expenditures to the project at a higher Work Breakdown Structure level than where the manually entered percentage complete progress is captured. Which three Shared Structure relationships will support this requirement?
Question 5
A contractor is engaged to carry out a statement of work by a customer. The contract is fixed price, and milestone payments will be made based on the individual completion of agreed deliverables. The contract specifies that 10% of any invoice totals must be withheld. The exception to this rule is that if certain deliverables are met ahead of the agreed schedule, then the full amount can be invoiced. How would this scenario be set up in Oracle Projects?
