1Z0-511 Exam Dumps | The Finance Director is concerned that some of his or her project revenue may be overstated. What it

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Oracle E-Business Suite R12 Project Essentials Exam
Oracle.1z0-511.v2018-07-07.q36
Question 12

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Question 12/36

The Finance Director is concerned that some of his or her project revenue may be overstated. What it should be reviewed to understand the revenue position on each project?

A. the Project Status Inquiry to review the project's margin figures

B. the expenditure inquiry to understand the project's revenue position against the invoice position

C. the Project Summary unbilled receivables and unearned revenue report, which will identify all unearned revenue

D. the revenue review form to inquire on the amount of revenue raised and invoices raised on a project

E. the invoice review form to inquire on the amount of revenue raised and invoices raised on project

Correct Answer: C

Explanation/Reference:
Explanation:
Summarize Unbilled Receivables / Unearned Revenue Balances
The summarize unbilled receivables/unearned revenue balances process creates summary data required for running the UBR and UER reports. The process creates summary balances for draft revenue and draft invoices in Oracle Projects. The process summarizes amounts for draft revenues for which the process PRC: Generate Revenue Accounting Events has successfully generated events. The process summarizes amounts for draft invoices that have been transferred, imported, and successfully tied back to Oracle Receivables.
The unbilled receivables and unearned revenue transactions are summarized by project, by account segment, cost center, and GL period, deriving the summary amounts used in the reports.

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