QUESTION: 1
When you define your Project Accounting hierarchy: Choose the 2 that apply.

A. a contract can be assigned to multiple customers in Contract Maintenance.
B. a project can be assigned to multiple contracts in Project Maintenance.
C. multiple cost categories can be assigned to a project in Budget Maintenance.
D. multiple projects can be assigned to a contract in Contract Maintenance.

Answer(s): C, D

QUESTION: 2
At what level is budgeted revenue defined?

A. Contract
B. Cost Category
C. Customer
D. Project

Answer(s): B

QUESTION: 3
What accounting method can recognize revenue using the Unbil ed Accounts Receivable
account when posting cost transactions?

A. Cost to Cost
B. Effort Expended
C. When Bil ed
D. When Performed

Answer(s): D

QUESTION: 4
Which of the following Project Accounting windows update Inventory in Microsoft Dynamics
GP? Choose the 2 that apply.

A. Equipment Log Entry
B. Inventory Transfer Entry
C. Receivings Transaction Entry
D. Returns from Project Entry

Answer(s): B, C

QUESTION: 5
What functionality does the Personal Data Keeper include? Choose the 2 that apply.

A. Remote reporting of time and expenses
B. Web-based reporting of project information
C. Management of change orders and project budgets
D. Processing of approved transactions to update Microsoft Dynamics GP

Answer(s): A, D

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