MB3-532 - GP 10.0 Project Series
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What status must a Project have in order to change the 'Forecast' amounts or quantity of a budget?
After posting transactions what must be done before the Combined History Inquiry window displays the information?
The Combined History Utility must be used.
The Effort-Expended accounting method determines percentage of completion based on what attribute?
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.
A transaction entered with a billing type of 'No Charge' will do which of the following?
Be available for billing in the billing entry window.
An employee assigned as a delegate in the Timesheet Settings window has which of the following capabilities?
They can enter a timesheet on behalf of the employee identified.
Which statement best describes how the Accept Replacements option for rate tables in the Project Billings Settings and the Budget Rates windows function?
It works in conjunction with the "Replace Rate Table on projects with this one" option in the rate table wizard.
Which role is necessary to add or remove users in Business Portal for use with Project Time and Expense?
What Fee is exclusively for Time and Material Projects?
User setup options in Project Accounting may be used to restrict changes to the following information during cost or billing transaction entry? Choose the 2 that apply.
Which of the following User Settings would allow the user to enter only their own timesheet transactions?
After billing a Retainer Fee, what other process must be done before the retainer can be applied to future billing invoices?
Apply a payment to the retainer fee billing.
Which of the following would prevent a document from being processed to Project Accounting after the Process button is selected? Choose the 2 that apply.
All required approvals have not been completed prior to processing.
The status of the document was set to returned
A separate revenue recognition transaction process is used to calculate earned revenue for which of the following project scenarios?
Cost Plus, Fixed Price and Time & Materials service fees
Which of the following types of information may be copied from a project template? Choose the 3 that apply.
Billing Cycle ID
Project Accounting can be used to perform which of the following activities in your business? Choose the 3 that apply.
Track employee time and expenses incurred for a project.
Compare and analyze baseline and forecasted values for a project.
What kind of revenue recognition is calculated individually based on each cost category used in a project?
Complete this statement. When processing a billing cycle, you may print one invoice per______. Choose the 2 that apply.
Which of the following best describes how the account sources under Microsoft Dynamics GP - Tools - Setup - Project - Project are used?
They are default General Ledger account sources for new projects.
When overhead is assigned on the employee card and the cost category, which one will be used to calculate overhead if no rate table is used?
Whatever is selected as the source for unit cost (pay codes) in Timesheet setup.
Which of the following types of inventory items may be used in Project Accounting? Choose the 2 that apply.
When using a Cost Plus or Fixed Price project when is revenue actually recognized?
When a revenue recognition transaction is posted.
How are the begin and end dates for a project determined?
The earliest begin and latest end dates of the associated budgets are used.
In the weekly-based timesheet view in Personal Data Keeper, how is the first day of the week determined?
The day of the week for the first day of the first reporting period allowed in the Timesheet Setup window in Project Accounting.
Cost Plus or Fixed Price projects can use which of the following profit types?
Percent of Baseline or Percent of Actual
Which of the following statements is true regarding the Billing Format Setup window?
I can group multiple billing invoice reports to be printed together.
Which of the following features would allow you to bill a portion of a cost transaction as billable and another portion as non-billable in the Time and Materials Billing window?
When the "Closed to Project Costs" box is marked for Contract X which of the following statements is true? Choose the 2 that apply.
No cost transactions can be entered for any projects assigned to Contract X.
Cost transactions that were saved in a batch for Contract X cannot be posted.
Time and Materials projects can use which of the following profit types?
Billing Rate, Markup Percent or None
What are the four different types of Fees in Project Accounting?
Retainer, Retention, Project and Service
If a transaction line item does NOT create a Work in Progress general ledger distribution when costs were entered and a valid account source exists, the project selected must be configured to use which accounting method?
Revenue is recognized based on percentage of completion for which of the following accounting methods?
Effort-Expended and Cost-to-Cost
Which of the following posting distributions are NOT available for Fixed Price or Cost Plus projects? Choose the 2 that apply.
Unbilled Project Revenue
Unbilled Accounts Receivable
Commission rate information can only be set up at which level of the Project Accounting hierarchy?
Which of the following describes the composition of the Project Amount field displayed in the Project Maintenance window?
Budgeted revenue + service fees + project fees
How many billing cycles may be assigned to a project?
Which Accounting Methods are available for Time and Material Projects?
When Performed and When Billed
Which report would a supervisor or manager print to view the list of employees who have not submitted their timesheet for a particular reporting period?
Missing Timesheet Report
Which of the following is NOT a valid fee type for Project Accounting?
Which of the following is NOT an available default source of posting accounts for a project budget?
What Fee is exclusively for Cost Plus and Fixed Price Projects?
To bill a Retention fee, what must the status of a project be?
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.
What is the process 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? Choose the 2 that apply.
Earnings in Excess of Billings
How many Revenue Recognition Cycle IDs can be assigned to a project?
Which types of projects can be tracked with Project Accounting? Choose the 3 that apply.
Time and Materials
Which setup option may NOT be changed after transactions have been either saved in a batch or posted?
When a Standard Purchase Order is entered in Project Accounting the cost will update the Committed Cost field in the Project Maintenance window. Which of the options below describes when the committed cost for that Purchase Order would be reversed out?
During Receiving of the Purchase Order.
Fill in the blank. Change Order tracking must be activated per____.