Oracle 1Z1-511 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z1-511
Exam Name/Title: Oracle E-Business Suite R12 Project Essentials Exam
Certification Provider: Oracle
Corresponding Certification: Oracle Applications

Exam Questions: 70
Updated On: Sep 23, 2026

Question #1

In which two circumstances would it be appropriate to deselect the "Interface Revenue to GL" option in System Implementation Options, before you run the Interface to GC?

A. When Financewants to reconcile Unbilled Receivables/Unearned Revenue

B. When Revenueis handled in Accounts Receivable

C. WhenAutoAccounting isincorrect and the Revenue interfacing to GeneralLedger needs to be puton hold.

D. During data migration ifRevenue is already in General Ledger

E. When Revenuewas generated in errorforallprojects in Released status, and needs to becorrected.

Discussion 0

Correct Answer: B,D Vote an answer

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Question #2

Which types of rate schedules should be defined to allow rates to be used to generate financial plans?

A. Resource Class SchedulePlanning Rate ScheduleLabor Rates Schedule

B. Job Labor Rates ScheduleNon Labor Rate Schedule

C. Resource Class ScheduleLabor Rates ScheduleNon Labor Rate Schedule

D. ResourceClass SchedulePlanning Rate ScheduleNon LaborRates Schedule

Discussion 0

Correct Answer: C Vote an answer

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Question #3

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 #4

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

A. It isthedefault calendar for the automatic generation of cost forecasts in Financial Plans.

B. It is thedefault calendar assigned to resource requirements for the project.

C. It is used in the determination of currency exchange rates.

D. It is used by date-dependent system workflows.

E. It is the default calendar used for determining accounting periods.

Discussion 0

Correct Answer: E Vote an answer

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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?

A. A customerbill splitisimplemented to send 10% ofall invoiced costs to a dummy customer.

B. A taskis used to collectcosts that are to be withholdingand the task is set to non-billable asrequired.

C. CustomerRetention Billing isimplemented with aWithholding Term based onEvent Types.

D. 10% ofproject costs isset with abilling hold (as required) inExpenditureInquiry.

E. CustomerRetention Billing is implemented with a Withholding Term ofExpenditure Category.

Discussion 0

Correct Answer: E Vote an answer

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Question #6

Identify the four different levels where transaction controls are defined.

A. Expenditure Organization

B. Project Organization

C. Person Type

D. Expenditure Categories

E. Employee

F. Expenditure Type

Discussion 0

Correct Answer: B,D,E,F Vote an answer

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Question #7

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

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