MB3-207 - Microsoft Business Solutions - Great Plains 8.0 Project Series
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What Fee is exclusively for Time and Material Projects?
Which of the following could be a reason the template wizard icon is unavailable when creating a new timesheet?
The user has not been configured to use timesheet templates.
Data entry on this timesheet has already begun.
What kind of revenue recognition is calculated individually on each cost category used in a project?
Under what conditions can the "Employee ID" be selected when entering a timesheet in Personal Data Keeper?
It can be selected when entering a proxy timesheet.
How is the user count defined in Personal Data Keeper?
Each User ID is considered one license.
Which of the following is used to determine the percentage of completion for revenue recognition?
Which of the following types of information may be copied from a project template?
Billing Cycle ID
If a timesheet or expense report has the approval status set to verridden, what does it indicate?
The document was approved using Administrative privileges.
Which transaction types allow a user to enter Begin and End times?
Timesheets and Equipment Logs
How are the Begin and End dates for a project determined?
The earliest Begin and latest End dates of the associated budgets are used.
Personal Data Keeper and Project Time and Expense for Business Portal are designed for users to enter which types of transactions?
Timesheets and Employee Expenses
In the Miscellaneous Log Setup window, the default profit type may come from which of the following options?
Segment overrides may NOT be performed on which of the following segments?
Which of the following is a valid reason the Total Accrued Revenue field at the bottom of the Timesheet entry window would be zero?
All timesheet line items are set to 'N/B'.
All projects entered on the timesheet are either Cost Plus or Fixed Price.
If a timesheet or expense report has the approval status set to verridden , what does it indicate?
The document was approved using Administrative privileges.
Which of the following best describes how the account sources under Setup - Project - Project are used?
They are default General Ledger account sources for new projects.
What are the Accounting Methods available for Time and Material Projects?
When Performed and When Billed
Overhead may be calculated on which of the following transaction types?
Which of the following is NOT a valid fee type for Project Accounting?
Which of the following statements accurately represents a difference between Personal Data Keeper and Project Time and Expense for Business Portal?
In Time & Expense for Business Portal employees must be assigned to a project before they can enter a timesheet for it.
How could you configure PA Purchasing Invoice setup to prevent the receiving of Purchase Orders at a cost other than what was listed on the original purchase order?
0% Variance from PO Unit Cost and unmark the option to Exceed PO Unit Cost.
What are the user types available in the Personal Data Keeper User Setup window?
Employee, Manager and Supervisor
Which utility would you use to purge completed contracts from the system?
Mass Contract Delete
The Cost tax schedule can be assigned to which of the following transaction types in the cost category maintenance window?
If the pprove All button is used, it will only approve documents with which document status?
Submitted or re-submitted
What do Administrator privileges allow a user to do?
Override Manager or Supervisor settings for approvals.
Which of the following is NOT a level in the project hierarchy?
Which of the following best describes the "On Account" amount for a project?
The remaining prepaid amount from the customer.
Which of the following best describes which projects are available during Project Employee Expense entry in Business Portal?
The Access List in Project Accounting determines the available projects.
A sequence number must be used for a timesheet transaction under which of the following conditions?
Transaction with the same Employee ID, transaction type, and reporting period has been entered.
When is the Committed Cost amount updated for a project?
Purchase order is printed.
Which role is necessary in order to add or remove users in Business Portal for use with Project Time and Expense?
When using weekly timesheet reporting periods, which of the following is a true statement about Personal Data Keeper timesheets?
A single timesheet can be edited at any time using either the weekly or date-based layout.
Which of the following statements best describes offline support in Personal Data Keeper?
It uses the offline tables stored in the local Personal Data Keeper directory to store timesheets and expense reports.
What is the process that is used to move billing documents in Project Accounting to history status?
Paid Transaction Removal
Time and Materials projects can NOT use which of the following posting distribution types?
Earnings in Excess of Billings
Which account is used to recognize revenue on the income statement for a Fixed Price or Cost Plus project?
When using a Fixed Price project the Cost Owner source is only available as a posting source for which two General Ledger posting types?
Contra Account and Overhead
In order to transfer an inventory item to a project, which of the following statements must be true?
The item must have quantities 'On-Hand'.
Which of the following describes the composition of the Project Amount?
Budgeted revenue + service fees + project fees
Why would the Retention Fee section of the Fee Entry window be unavailable?
The Project is configured as Time and Materials
Purchase Orders in Project Accounting may be entered for which of the following types of inventory items?
When a Customer ID is added to the Third Party Customer List for a Project which of the following is true?
The newly added customer may be billed for the project.
User setup options in Project Accounting may be used to restrict changes to the following information during cost or billing transaction entry?
Time and Materials projects can use which of the following profit types?
Billing Rate, Markup Percent or None
Which of the following types of information can NOT be changed by using a change order?
In the PA Employee Options window when Files Employee Expense is marked and Allow Vendor for Purchase Order is unmarked which of the following is most true?
Employee Expense transactions can be entered for the employee, but Purchase Orders cannot be entered for the corresponding vendor.
What conditions must exist to select the ither/Or OK for Submittal option in User Setup?
Both Manager and Supervisor boxes must be market.
When processing a billing cycle, you may print one invoice per______.
The Project Closing Edit List report displays information regarding?
More detail about why certain Project Closing Checklist items are unmarked.