MB4-536 - SL 7.0 Project Series
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Identify multi-currency features that Project Management and Accounting modules offer. Choose all that apply. Choose the 3 that apply.
Multi-currency entry in Travel and Expense Report Entry
Foreign currency billing via Invoice and Adjustment Maintenance and Billing Entry by Percentage
Foreign currency billing via Scheduled Billings and Revenue Entry
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?
Labor costs for salaried employees when using true labor costing.
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?
Change the Percent Complete field to "0.00" and clear out the Revision Date.
The Project Net Profit screen displays which two types of Account Categories?
Revenue and Expense
What is the primary function of the Default Task for System Postings?
The default task is used when transferring AR invoices and payments.
Where does the subaccount for a labor cost transaction default from?
Either the employee or the project, which is a system wide setting (as opposed to a project specific option).
Identify a feature of the Password Maintenance Window.
To prompt for passwords during time and expense entry and approval.
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:
are linked to an Account Category in Chart of Accounts Maintenance.
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.
A project user defined ID field must be limited to a user-defined list of values.
One segment of the project ID needs to be validated against a user defined table.
Which of the following best describe what happens during the Financial Transaction Transfer (FTT) process?
Project-related transactions are copied from their respective transaction tables to the project transaction table.
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 Timesheet with Rate/Amount 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?
From the project or task account in Percent Complete and Revenue Recognition Setup, depending on the setup options chosen. If none is defined there, then the Project Controller Revenue Setup Revenue GL Acct is used.
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?
The transaction will transfer if run for fiscal period 04-2007 and you have the box checked in Project Controller Setup to 'Allow Posting of a Financial Batch to a Prior Period'
Can Committed costs be allocated?
Only actual costs can be allocated, therefore committed costs cannot be allocated.
Invoice Reversal & Duplication can duplicate an invoice from month to month. What other process can generate a fixed billing amount each month?
Scheduled Billings & Revenue
By default, account categories sort in ascending alphabetical order in screens and on reports. How can the display order be changed?
By using the Sort Number field in Account Category Maintenance
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?
Regular Labor 50 hours and $500, Premium 0 hours and $50
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?
Using the Project Timesheet Units of Production to record pallets and automobiles and logging Equipment as a timesheet line item.
What happens when Pay Labor Interface is run and is interfaced to Microsoft Dynamics SL Payroll?
An unreleased Time & Dollar (or Advanced Timesheet Entry) Batch is created in Payroll (Advanced Payroll).
Which of the following best describe how Project Charge Entry batches post when they are released?
Units and Amounts to Projects.
When defining Key Definitions select the valid tables listed below which can be used in the Allocation Processor? Choose the 3 that apply.
Transaction Table and Additional Transaction tables.
Project and Task Master tables.
Employee Master table.
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?
The labor cost will post to Project Controller period 07-2007.
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?
The project is not set up to carry a balance forward at year-end. Check the box in Project Maintenance and re-run Year-End Close.
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?
Change the Caption for 'Project' and 'Task' in Flexible Key Maintenance.
At what level(s) are Project Budgets and EACs created?
For an Account Category within a Task within a Project.
Does every line on an expense report have to be project related?
No, it depends if the General Ledger account on the Expense Type is linked with an Account Category.
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.
Compare the total billable transactions to date to a cap or maximum that has been defined.
Markup expenses by 10% for a specific vendor or by 25% for a specific project.
Create a General Ledger or project posting.
What payment methods are available in Travel and Expense Report Entry? Choose the 2 that apply.
Company paid methods that have been defined in Code File Maintenance.
What does "Recap" in Invoice Format Maintenance refer to?
Restating invoice line items without adding them into the invoice total.
When creating a Revenue Schedule in Scheduled Billings & Revenue, from where does the system select the Revenue GL Account?
Project Controller Setup
Which of the following best describes the logic between Budget and EAC?
EAC amounts and units are revised budget amounts used in the Revenue Recognition process.
An Allocation Method for a Time and Materials project would likely contain which of the following steps?
Calculation of the billing amount based on a rate applied per hour of labor.
What is the purpose of the Transaction Cutoff Date in Allocation Processor?
It is used as a cutoff date to process only transactions with a date up to and through the transaction date.
For each Report ID in Invoice Maintenance, for example, BI010, nine others exist, for example BI011 through BI019. How are these reports used?
The existing BI010 can be customized and saved as BI011 through BI019 to allow for different invoice formats.
If part of a billing transaction is put on Hold in Invoice & Adjustment Maintenance what is the result?
The Hold Units and Amount are available the next time an invoice is created.
When Timecard Correction is used to correct a timecard, which of the following is true?
The original Timecard will be reversed and all the line items on the correcting timecard will be posted.
What is the best method to reverse a previously posted Construction Billing Application?
In Invoice Reversal & Duplication