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 #8

A customer is using Oracle Payables and Oracle Projects. The customer has two suppliers set up with names X and Y, respectively. Supplier Y has been merged with Supplier X.
The Supplier Merge Program is run from the Supplier Merge option in Oracle Payables and you have chosen to merge all transactions. What will happen to the supplier references on transactions related to Supplier Y that are already interfaced to Oracle Projects?

A. The transactionsrelatedto Supplier X and Y will be deleted from Oracle Projects.

B. The supplier references to Supplier Y will be modified to Supplier X for all transactions existing in Oracle Projects.

C. The transactions related to Supplier Y will be deleted from Oracle Projects.

D. The Supplier Merge Program does notimpact any supplier transactions that are already interfaced to Oracle Projects.

E. The SupplierMerge Program completes with error,the merge is not possible because transactionsrelated to Supplier Y are already interfaced to Oracle Projects.

Discussion 0

Correct Answer: B Vote an answer

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Question #9

Identify the correct setup to Integrate Project costing with Oracle Inventory.

A. In Oracle Inventory, enable Project Cost Collection for each organization. In Oracle Projects, define an expenditure type with class "Inventory." Define the project related transaction source in Oracle Inventory.

B. Set up Oracle Project Manufacturing.
In Oracle Projects, define an expenditure type with class "Inventory."
Define the project-relatedtransaction source in Oracle Inventory.

C. In Oracle Inventory, enable Project Cost Collection for each organization. In Oracle Projects, define an expenditure type with class "Inventory."
Define the project-related transaction type in Oracle Inventory.

D. Oracle Project Manufacturing must be set up.
In Oracle Inventory, enable Project Cost Collection for each organization.
Define the project-related transaction source inOracle Inventory

Discussion 0

Correct Answer: C Vote an answer

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Question #10

A customer requires budgetary Integration with General Ledger for what will function as an "Approved Cost" budget. The customer also wants project managers to maintain cost budgets derived from the Staffing Plan maintained in the workplan. Which budgeting approach will support this requirement?

A. Forms-based "Approved Cost" budget and financial Plan-based "Staffing Plan" budget

B. FinancialPlan-based "Approved Cost" budget and Financial Plan-based "Staffing Plan" budget

C. FinancialPlan-based "Approved Cost" budget and Forms-based "Staffing Plan" budget

D. Forms based "Approved Cost" budget and Forms based "Staffing Plan" budget.

Discussion 0

Correct Answer: C Vote an answer

Question #11

A customer has two operating units: US and Ireland. A project that is set in the Ireland operating unit requires the services of employees from the US operating unit.
Identify three mandatory steps that must be completed for the employees in the US to enter their time on the project and for costs to be successfully distributed.

A. For theprojectinIreland, select "Allow Cross Charges to all Operating Units within Legal Entity".

B. Set up Internal Billing Implementation optionsin US and Ireland.

C. Setup a new transaction source to receive Intercompany transactions in Ireland.

D. Define providercontrolsin US and receiver controlsin Ireland.

E. For the projectin Ireland,set up transaction controls to allow charges from other operating units.

Discussion 0

Correct Answer: A,C,D Vote an answer

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Question #12

Identify three adjustment actions that require submission of Distribute costs program to process the adjustments?

A. Change Comment

B. Release Hold

C. Recalculate Revenue

D. Split

E. Transfer

F. Capitalizable to Non-Capitalizable

Discussion 0

Correct Answer: D,E,F Vote an answer

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Question #13

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?

A. Createacost adjustment on the project using preapproved batches.

B. Create a revenue write-off event forthe uncollectable element andinterface to General Ledger.

C. Entera transaction control against the expendituretypes and regenerate the draft invoice.

D. Create a negative funding line and assign to the project thus reducing its revenue.

E. Createa credit memo in Oracle Projects and interface to Accounts Receivable.

Discussion 0

Correct Answer: B Vote an answer

Question #14

Which three statements are true about Multi-Currency Billing?

A. An agreementcan fund invoices in more than one currency.

B. Agreements,Events, and Bill Rates can all be different currencies than the ProjectFunctionalCurrency.

C. The ProjectCurrency has tobe the same as the Functional Currency of the operating unit that owns the project.

D. Agreements, Events, and Bill Rates have to be in the same current as the Project Functional Currency.

E. The Project Currency can be different from theFunctional Currency of the operating unitthat owns the project.

Discussion 0

Correct Answer: A,B,E Vote an answer

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