Oracle 1Z0-511 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z0-511
Exam Name/Title: Oracle E-Business Suite R12 Project Essentials Exam
Certification Provider: Oracle
Corresponding Certification: Oracle Applications

Exam Questions: 70
Updated On: Jul 11, 2026

Question #22

A project has been mistakenly set up as a capital project, instead of a contract project. The project has already incurred expenditure. How can this be remedied?

A. Leave the project as capital and accruefor revenueasis.

B. Delete all the expenditure Items and change the project type.

C. Move all the costs toan contract task within the capital project.

D. Change the project type to Contract

E. A new project should be set up and costs transferred.

Discussion 0

Correct Answer: E Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #23

Your company has two separate expenditure types to capture straight time and overtime labor transactions across all projects. When running cost distribution for labor transactions, the straight time labor must be charged to a labor expense account and overtime labor costs to an overhead expense account. How would you set up two different expense accounts?

A. Set up the account at theExpendituretype definition.

B. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Account."

C. Set up the account at the Expenditure type usage definition.

D. Define an AutoAccounting rule to derive account based on expenditure and attach it the AutoAccounting function "Labor Cost Clearing Account."

E. Set up the account at the Labor costing rule definition.

Discussion 0

Correct Answer: B Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #24

Your company has set up the burdening functionality to capture the overheads incurred on all projects. They have decided to store these overhead costs as a separate expenditure item on the same project and also charge it to a separate expense account. Which step would you perform to set up the required expense account?

A. Setup the accountat the expenditure typedefined for the Burden transaction.

B. Set up the BurdenCostClearing Account AutoAccountingfunction.

C. Setupthe Total Burdened Cost Credit AutoAccounting function.

D. Set up the accountatthe expenditure category defined for the Burden transaction.

E. Set up the Burden Cost Account AutoAccounting function.

Discussion 0

Correct Answer: A Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #25

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

A. Scheduled Dates

B. Work Type

C. Service Type

D. Task Type

E. Chargeable Flag

Discussion 0

Correct Answer: C,E Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #26

A project manager would like to find out how much event revenue was accrued against a project up to and including a specific date. Where would this information be available?

A. Revenue ReviewForm

B. Accrued revenue withinExpenditure Inquiry Form

C. ReviewProjectFundingForm

D. Events form within Project Status Inquiry

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Question #27

A project is undertaken for a customer where all labor costs are non-billable, and Non-Labor costs are billable if the accumulated costs incurred are greater than $10k.
How can Oracle Projects be implemented to support this?

A. Use the cost-to-cost billing extension to build billing rules to meet the requirement.

B. Use the cost accrual extension.

C. Create an agreement and funding for $10k only, and fund only those tasks on a project where you estimate to incur costs of $10k or more.

D. Use transaction controls tobilling Non-Labor elements, capture the value on the project, and then use the Non-Labor billing extension to calculate when an activity is billable.

E. Use transaction controls to restrict billing to Non-Labor elements and to calculate the bill amounts on Non-Labor.

Discussion 0

Correct Answer: D Vote an answer

Question #28

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?

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

B. Use billing events and create separate events per purchase order.

C. Create oneagreement and fund the project.

D. Createeach element as a top task and implement top task billing for the project.

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

Discussion 0

Correct Answer: A Vote an answer

Explanation: Only visible for EduDump members. You can sign-up / login (it's free).

Download Free Oracle 1Z0-511 Demo

Simply submit your e-mail address below to get started with our free demo of your Oracle 1Z0-511 exam.