You need to recognize revenue as project costs are posted. Which type of project should you use? A. Fixed-price project with completed percentage and production plus profit B. Time and material project with work in process (WIP) C. Time and…
You create a project contract with three funding sources. How many funding rules are created by default? A. 2 B. 0 C. 1 D. 3
You need to configure worker validation project assignments to ensure that certain projects are available for a specific worker. On which form should you configure this type of validation? A. Project B. Project contract C. Worker D. Project management and…
Which item is used to transfer costs from work in process (WIP) accounts to profit and loss accounts? A. Post costs form B. Adjustments form C. On-account posting D. Expense journal
You need to track the project costs in balance accounts until the customer is invoiced. Which type of project should you use? A. Fixed-price project with completed contract B. Fixed-price project with completed percentage and sales value C. Time and…
Why would you create an estimate? A. To set a project’s budget B. To create an hours forecast C. To define the forecast model D. To monitor a project’s progress
An internal project that includes work in process (WIP) is completed. You need to ensure that the costs posted to the balance accounts from hour,expense,and item transactions are moved back to profit and loss accounts. Which form should you use…
For which two project types can on-account forecasting be used? (Each correct answer presents part of the solution. Choose two.) A. cost B. fixed-price C. investment D. time and material
Which statement about funding sources is true? A. A project contract must have one and only one funding source. B. Funding sources must be created when the project contract is created and cannot be added later. C. A project contract…
You configure a timesheet workflow. What is the Assignment function used to define? A. Conditions for approval of the timesheet B. Notifications after approval of a timesheet C. Submitters of the timesheet D. Reviewers of the timesheet