Oracle E-Business Suite R12 Project Essentials - 1Z0-511 Exam Questions [2026]

QUESTION NO: 1
Your organization has configured employee rate schedules. Which three schedules can utilize employee rate schedules when delivering a project?

A. Cost rate schedules B. Bill rate schedules C. Job rate schedules D. Resource class rate schedules E. Planning schedules

Correct Answer: A,B,E

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QUESTION NO: 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?

A. Debit: Cost of Goods SoldCredit: Unbilled Receivables B. Debit: Unearned RevenueCredit: Revenue C. Debit:UnbilledReceivablesCredit: Revenue D. Debit: RevenueCredit: Accounts PayableLiability Account E. Debit: BankCredit: Revenue

Correct Answer: C

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QUESTION NO: 3
Which two options are not task attributes for financial task structure?

A. Scheduled Dates B. Task Type C. Service Type D. Work Type E. Chargeable Flag

Correct Answer: C,E

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QUESTION NO: 4
Which three types of People Resources does Oracle Projects support?

A. Team Roles B. Named Person C. Straight Time D. Item E. Jobs

Correct Answer: A,B,E

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QUESTION NO: 5
A customer wants to make a new classification mandatory on all their new projects. Select the three options that could help them accomplish this.

A. Define the classification as Mandatory in theClassification configuration. B. Define the classification category to allow one code only. C. Define theclassificationas Required on the appropriate project templates in the QuickEntry screen. D. Define project status controls to disallow project status changes where classificationcategory codesare missing. E. Define the classification as Mandatory in the Project Type configuration.

Correct Answer: A

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QUESTION NO: 6
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. Entera transaction control against the expendituretypes and regenerate the draft invoice. B. Create a negative funding line and assign to the project thus reducing its revenue. C. Createacost adjustment on the project using preapproved batches. D. Create a revenue write-off event forthe uncollectable element andinterface to General Ledger. E. Createa credit memo in Oracle Projects and interface to Accounts Receivable.

Correct Answer: D

QUESTION NO: 7
Company ABC wants to deploy workplan task structures where the lowest tasks represent deliverables. They want to collect costs at a level higher than the lowest tasks for groups of deliverables. Which two task structure relationships are available for them to consider?

A. Define the structures as Fully Shared. B. Definethe structures as Partially shared. C. Define a separate branch of task hierarchy for cost collection. D. Utilize Task-based mapping structures. E. Defineaseparate branch of task hierarchy for deliverables.

Correct Answer: D,E

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