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Oracle Exam 1Z0-511 Topic 8 Question 56 Discussion

Actual exam question for Oracle's 1Z0-511 exam
Question #: 56
Topic #: 8
[All 1Z0-511 Questions]

Your company wants to define all its equipments as Non-Labor resources to track the cost incurred on the usage of these equipments, when defining the equipment. When defining the equipment as a Non-Labor resource in the system, you need to assign an expenditure type to it. What kind of expenditure type to it. What kind of expenditure type can be assigned to a Non-Labor resource?

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Suggested Answer: D

Oracle Projects uses the following expenditure type classes to process non-labor project costs:

* Usages - Asset usage costs are interfaced to Oracle General Ledger.

* Supplier Invoices - Oracle Payables supplier invoices are interfaced from Oracle Payables to Oracle Projects.

* Miscellaneous Transaction - Miscellaneous Transactions are used to track miscellaneous project costs. This expenditure type class is similar to usages. The difference is that, for miscellaneous transactions expenditure items, you are not required to specify a non-labor resource or a non-labor resource organization, as you are for usage expenditure items. Miscellaneous transactions may be used for the following costs:

Fixed assets depreciation

Allocations

Interest charges

* Burden Transaction - Burden transactions track burden costs that are calculated in an external system or calculated as separate, summarized transactions. These costs are created as a separate expenditure item that has a burdened cost amount, but has a quantity and raw cost value of zero. Burden transactions are interfaced to Oracle General Ledger. As with any other transaction in Oracle Projects, you can adjust and capitalize burden transactions, or accrue revenue or generate invoices for these transactions.

* Work In Process - This expenditure type class is used for Project Manufacturing WIP transactions that are interfaced from Manufacturing to Oracle Projects. You can also use this expenditure type class when you import other manufacturing costs via Transaction Import or when you enter transactions via pre-approved batch entry.


Contribute your Thoughts:

Madalyn
7 months ago
I think it's E) expenditure type defined with Expenditure Type Class as Usages.
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Lynelle
7 months ago
I'm leaning towards D) expenditure type defined with Expenditure Type Class as Miscellaneous Transactions.
upvoted 0 times
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Laticia
7 months ago
I disagree, I believe it is B) expenditure type defined with Expenditure Type Class as Burden transactions.
upvoted 0 times
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Slyvia
7 months ago
I think the correct answer is A) expenditure type defined with Expenditure Type Class as Work in Process.
upvoted 0 times
...

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