MB4-536 - SL 7.0 Project Series

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Example Questions

Identify multi-currency features that Project Management and Accounting modules offer. Choose all that apply. Choose the 3 that apply. An Account Category's Account Class field is used in which of the following processes? The Salary Factor in the Week Maintenance screen is used for which calculation? Which of the following values are set up in Code Files? Choose the 2 that apply. In order to stop using an override percentage and resume using the system calculated percentage of completion, which option will work in the Percent Complete and Revenue Recognition Setup? The Project Net Profit screen displays which two types of Account Categories? What is the primary function of the Default Task for System Postings? Where does the subaccount for a labor cost transaction default from? Identify a feature of the Password Maintenance Window. Complete the following statement. When selecting a GL labor account in any of the time entry screens, the PV (F3) lookup displays only those General Ledger accounts that: A salaried exempt employee works 50 hours in a week, 40 hours are regular hours and 10 hours are overtime. This employee's salary is $1,000 per week and $25 per hour. Assuming the employee worked on the same project all week, what is the cost to the project? For any project related transaction to be eligible for transfer to a project via the Financial Transaction Transfer process the status must be? In which of the following scenarios would it be appropriate to create a new Code Type? Choose the 2 that apply. Which of the following best describe what happens during the Financial Transaction Transfer (FTT) process? A marine services company has 150 union employees, for whom a Timekeeper turns in a hand-written log on a daily basis, which records the employees names, hours worked, labor classification and pay rate. What is the best option for time entry? Project and Task fields can be divided into how many segments? How many different Allocation Methods can be assigned to a project? The Labor Commitment Load calculation considers what field in Employee Position Rate Maintenance? When the Revenue Tab in Project Controller Setup is configured for Revenue Recognition to post to evenue how is the general ledger account selected during the posting process? Billed-to-Date and Contract Value Account Categories are generally of which type? Identify the field most commonly used for selection when defining reports in Flexible Report Column Maintenance. An Accounts Payable voucher batch is entered and released in period 04-2007. If the current Period in Project Controller is 05-2007, what will occur during the Financial Transaction Transfer process? Can Committed costs be allocated? Invoice Reversal & Duplication can duplicate an invoice from month to month. What other process can generate a fixed billing amount each month? By default, account categories sort in ascending alphabetical order in screens and on reports. How can the display order be changed? An hourly employee works 50 hours in a week, 40 hours are regular hours and 10 hours are overtime. The employee is paid $10 per hour. Assuming Time and Expense Setup has been defined to separate premium and post it to the project, and overtime is defined at 1.5 times regular pay, what are the postings? A marine services company has 150 union employees, longshoremen, who unload ship's cargo. The company needs to invoice its customers for each pallet or automobile that is unloaded and also for cranes and hustlers used during the unloading process. How can this be achieved most efficiently? What happens when Pay Labor Interface is run and is interfaced to Microsoft Dynamics SL Payroll? Which of the following best describe how Project Charge Entry batches post when they are released? When defining Key Definitions select the valid tables listed below which can be used in the Allocation Processor? Choose the 3 that apply. What validation options are available for Project and Task segments in Key Definition? Choose the 3 that apply. Assume the option to Cost Labor on Entry radio button is selected in Time and Expense Setup. When entering labor using Timecard with Rate/Amount Entry, labor cost amounts are displayed for which employee pay type? A salaried non-exempt employee works 50 hours in a week, 40 hours are regular hours and 10 hours are overtime. This employee's salary is $1,000 per week and $25 per hour. Assuming the employee worked on the same project all week, what is the cost to the project? Week Maintenance is set up so that the week ending May 31 posts to Labor and Fiscal Period 05-2007. Period 05-2007 is closed in the Project Controller module, and the current fiscal period is 07-2007. There is still a timecard in process for the week ending May 31, 2007. If the timecard is posted now, what will occur? A project is set up in October of 2006, and costs and billings are generated. The Year-End Close process is run in Project Controller for 2006. If the Project Profitability Report is run in January of 2007, the PTD and YTD amounts are equal. What happened? If a user refers to projects as "jobs" and tasks as "cost codes" what Project Controller option can be used to change the default naming conventions? At what level(s) are Project Budgets and EACs created? Does every line on an expense report have to be project related? A Rate Table has how many levels of hierarchy (not including the default level)? An Allocation Method can perform which of the following calculations? Choose the 3 that apply. What payment methods are available in Travel and Expense Report Entry? Choose the 2 that apply. What does "Recap" in Invoice Format Maintenance refer to? When creating a Revenue Schedule in Scheduled Billings & Revenue, from where does the system select the Revenue GL Account? Which of the following best describes the logic between Budget and EAC? An Allocation Method for a Time and Materials project would likely contain which of the following steps? What is the purpose of the Transaction Cutoff Date in Allocation Processor? For each Report ID in Invoice Maintenance, for example, BI010, nine others exist, for example BI011 through BI019. How are these reports used? If part of a billing transaction is put on Hold in Invoice & Adjustment Maintenance what is the result? When Timecard Correction is used to correct a timecard, which of the following is true? What is the best method to reverse a previously posted Construction Billing Application?