Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) Practice Exam

The Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) certification exam assesses foundational knowledge and skills required to implement, configure, and manage Oracle EBS R12 Project Management modules. This includes project accounting, resource management, budgeting, forecasting, and reporting processes within Oracle EBS. The certification is intended for project managers, consultants, and financial professionals who use Oracle EBS to manage project financials and resources, enabling them to leverage the software for streamlined project management and accurate financial tracking.
Why is Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) important?

• Demonstrates expertise in Oracle EBS R12 Project Management.
• Validates knowledge in project accounting, budgeting, and financial controls.
• Enhances project tracking, forecasting, and financial accuracy.
• Equips candidates to optimize resource management within Oracle EBS.
• Increases opportunities for roles in project management and ERP solutions.

Who should take the Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) Exam?

• Project Managers
• Financial Analysts
• Oracle EBS Project Consultants
• Project Accountants
• ERP Analysts specializing in project management
• IT Consultants for Oracle EBS Project solutions

Skills Evaluated

Candidates taking the certification exam on the Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) is evaluated for the following skills:

• Configuring Oracle Project Costing and Project Billing.
• Managing project accounting processes, including budgets, costs, and forecasts.
• Using project templates and managing project statuses.
• Resource allocation, project planning, and resource optimization.
• Integrating Oracle EBS Project modules with other Oracle EBS financial modules.
• Handling project reporting, controls, and financial compliance.

Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) Certification Course Outline
The Oracle E-Business Suite (EBS) R12 Project Essentials (1Z0-511) Certification covers the following topics -

Module 1. Project Foundation: Implementation Options

• Configure System Implementation Options

• Set up Currency Options

• Describe the use and implementation of Periods and Calendars

• Describe the use and functioning of People and Roles

• Choose Project Structures

• Describe the uses and implementation of Project Types and Project Templates

Module 2. Project Foundation: Fundamentals

• Explain Project and Task Fundamentals

• Create Organizations

• Use Rates

• Describe the use and implementation of User Defined Attributes

• Describe the use and implementation of Project and Organization Security

• Integrate with other Oracle Applications

• Describe the use and functioning of Organization Forecasting

Module 3. Project Costing: Implementation Options

• Define Expenditure and Revenue Categories

• Define Expenditure Types

• Describe the use and implementation of Transaction Controls

• Perform Accounting for Costs: SLA vs AA

• Describe the use and functioning of Transaction Sources

Module 4. Project Costing: Fundamentals

• Describe the use and implementation of Allocations

• Utilize Cross Charges

• Use Burden Costing

• Set up Labor and Non-Labor Costing

• Describe the use and functioning of Preapproved Expenditure Batches

• Describe the use and implementation of Expenditure Adjustments

• Utilize Cost Budgets

• Explain Budgetary Controls and Budget Integration

• Create Asset Capitalization

• Integrate with other Applications

Module 5. Project Billing: Implementation Options

• Configure Multi Currency Billing

• Perform Accounting for Revenue and Billing

• Describe the use and functioning of Inter Project Billing

• Set up Customer Billing Retention

• Describe the use and functioning of Intercompany Billing

Module 6. Project Billing: Fundamentals

• Configure Agreements and Funding

• Describe the purposes and implementation of Revenue Budgets

• Use Projects Revenue

• Perform Invoicing

• Describe the use and implementation of Events

• Set up Contract Projects

• Describe the use and functioning of Billing Extensions

• Integrate with other Applications