MB6-504 - AX 4.0 Project Series

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Example Questions

The project manager is running a time and material project and wants to obtain a quick view of how the project is currently performing compared to the forecast budget without printing a report. Which of the following would accomplish this? You have made an agreement with your customer that an external vendor will be performing some installation work for a project you have with the customer. You have agreed that this work must be directly invoiced to the customer. Which of the following will accomplish this? Which of the following is a way to charge items to a journal directly from the project screen? Which of the folllowing is a charactaristic of the assessment principle Completed Percentage? Which of the following is the purpose of the link type in scheduling? What is the purpose of the estimate process on fixed-price projects? The internal Research and Development department of a company is planning a new product launch. The complexity and extensive lead-time requires that the company accrue costs in the balance sheet as WIP. Which type of project would you set up to achieve this? A customer has complained that they should not be charged for the acquisition of equipment for use with a project. Which of the following describes how to change the line property for the transaction so that the customer is not charged? Which of the following is a purpose for an invoice project? Which of the following is required to let a user change the completion percentage manually? Which of the following describes when an item consumption journal in Project is used? Which of the following determines the time interval for calculating estimates? Which internal project type is designed to create no ledger postings? When forecasting hours for a project, the project manager is not sure of the specific hours that will be worked by each member of his team, but he can estimate the total hours that will be worked on the project. How can the manager obtain an accurate representation of labor cost in the forecast? Which of the following is a difference between invoicing a fixed-price project and invoicing a time & material project? The project manager wants all the hours registered to a project to use the end date of the project period as the transaction date. Which of the following describes how the system can be configured to guarantee that this can be accomplished each time? The Project manager wants to track travel expenses and who is generating them on all projects. How should the system be configured to achieve this? When the assessment principle is Completed percentage and Sales Value for a fixed price project, which value is posted to the Accrued revenue-Sales value account when the estimate control process is run? Which of the following projects would benefit from using an internal project with WIP? Which of the folllowing is a charactaristic of the assessment principle Completed contract? When can cost estimate lines be edited in a project Estimate calculation on fixed price projects? Cost Templates are used in which of the following projects? The company wants to use only one forecast model for all its projects. How can this be accomplished? Which of the following is caused by creating the project directly from the project quotation? What are the three specific internal project types in Microsot Dynamics AX? Which of the following describes when the use of project periods is mandatory? A project manager is generating a P&L report for the project and wants to see reporting detailed on the project and all sub-projects. Which of the following is the correct value to be entered into the level field to accomplish this? Which of the following will move costs from balance accounts to P&L accounts on a Time and Material project with WIP? Which of the following is the main difference between Time and Material proejcts with WIP and Time and Material Projects with Accruals? Which of the following describes why cost templates are mandatory when you post WIP on fixed-price projects? Which of the following is a prerequisite for enabling the Estimate system on a project? After the intiial project forecast is made, it is determined that the project will be pushed back three months. How can the project manager update the forecast without deleting the existing forecast? How can you make sure that an employee can only register categories on certain projects, when users want to access the projects from the Enterprise portal? What can the periodic script Post costs be used for? A fixed-price installation project exists between your company and a customer the West Coast Technical College (WCTC). During the project the WCTC requests that you provide additional spare parts. The purchase of these spare parts falls outside the scope of the original project and you must charge the customer for these items. Which of the following describes how can you create a sales order with which to invoice the customer for the extra items? Which of the following project types refer to an Estimate project? You have finished a project, and are about to start a new one. The last project was very successful, and you decide to work with the same team of employees on the new project. What are the three ways of setting up the validation rules to apply to the new project? What is the purpose of the Employee/category validation setup? Your company invoices in USD and your customer's company currency is DEM. In order to avoid problems with currency fluctuations you agree on a fixed currency exchange rate for invoices. How do you set this up in Microsoft Dynamics AX? What situation would require the revenue transactions? The Offset transactions check box for on-account transactions is used for which of the following? When is the Accrued Revenue account in ledger posting used on time and material projects? On a time and material project all revenue transactions apart from royalty are to be accrued. How can you make sure that royalty is not accrued when you post it from the fee journal? Which of the following describes why cost templates are used? Which of the following is a prerequisite for using the scheduling function? A fixed-price project has reached its final stage. What process should be performed to prepare for the closing of the project? The item CL-100-B is frequently consumed in projects you set up. On which of the following can project category be set up when CL-100-B is sold or purchased from Project? A transaction has been recorded on a project. But the transaction text is incorrect. The transaction text must be updated without creating a new ledger transaction. Which of the following describes how this can do this? On a time and material project, the hotel expenses are to be invoiced directly to the customer. However, the travel agency that books the hotel has a standard charge of 3% for administering all travel arrangements. This extra fee should also be invoiced to the customer. Which of the following will guarantee that this happens for every hotel transaction? Which of the following is a difference between operations scheduling and job scheduling?