Oracle Exam 1Z0-511 Topic 5 Question 62 Discussion

Actual exam question for Oracle's 1Z0-511 exam

Question #: 62
Topic #: 5

After receiving supplier costs from the Oracle Payables Supplier Invoices transaction source vow customer wants to perform adjustments in Oracle Projects. Which three setups should exist?

AAutoAccounting for Supplier Cost Credit Account

BTransaction Source enabled for Adjustments

CDefault Supplier Cost Credit Account under project implementation options

DProject/Task level Transaction Controls

EAutoAccounting for Supplier Invoice Cost Account

Show Suggested Answer

Suggested Answer: B, C, E

C: If you enable the Allow Adjustments option for a predefined transaction source for supplier costs, you must complete at least one of the following setup steps:

/ (C) Specify the default supplier cost credit account for supplier cost adjustments in Oracle Projects implementation options for each operating unit.

/ Define a rule in Oracle Subledger Accounting to determine the supplier cost credit account.

This setup is required for the process PRC: Create Accounting to successfully create accounting for supplier cost adjustments. Oracle Projects displays a message asking you to validate the setup each time that you enable the Allow Adjustments option for a predefined transaction source for supplier costs. (B)

E: You can adjust the supplier cost expenditure items in Oracle Projects to transfer or split the items. Oracle Projects processes these supplier invoice adjustments using the Supplier Invoice Cost Account AutoAccounting function.

by Sophia at May 19, 2024, 03:18 PM

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Tayna

6 months ago

This question is a real 'project' to figure out. But I think Freeman has the right idea. B, C, and D seem like the winning combination.

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Adrianna

5 months ago

Having Project/Task level Transaction Controls is necessary for proper management of adjustments.

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Tiera

5 months ago

AutoAccounting for Supplier Cost Credit Account is crucial for accurate adjustments.

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Kristin

5 months ago

I agree, B, C, and D are essential for making adjustments in Oracle Projects.

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Germaine

6 months ago

Options A, B, and E sound like the way to go. Can't forget that AutoAccounting for the supplier invoice cost account!

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Vesta

5 months ago

Don't forget about AutoAccounting for Supplier Invoice Cost Account as well.

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Jesse

6 months ago

Yes, that's important. We also need Transaction Source enabled for Adjustments.

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Venita

6 months ago

I think we need AutoAccounting for Supplier Cost Credit Account.

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Yesenia

6 months ago

Haha, who needs adjustments? Just throw all the supplier costs at the customer and call it a day! But in all seriousness, I agree with Freeman.

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Nadine

5 months ago

D) Project/Task level Transaction Controls

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Gilbert

5 months ago

B) Transaction Source enabled for Adjustments

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Cristen

5 months ago

D) Project/Task level Transaction Controls

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Deja

5 months ago

B) Transaction Source enabled for Adjustments

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Jose

6 months ago

A) AutoAccounting for Supplier Cost Credit Account

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Iesha

6 months ago

D) Project/Task level Transaction Controls

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Lamar

6 months ago

B) Transaction Source enabled for Adjustments

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In

6 months ago

A) AutoAccounting for Supplier Cost Credit Account

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Bettina

6 months ago

A) AutoAccounting for Supplier Cost Credit Account

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Freeman

7 months ago

I think options B, C, and D are the correct setups. Adjusting supplier costs in Projects requires the ability to make adjustments and control the default credit account.

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