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1. Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement? (Choose the best answer.)
A) Manual Entry
B) Cost
C) Effort
D) Remaining Plan
2. In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)
A) The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
B) The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
C) The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
D) The project sends only the invoice header to Receivables, not the invoice line description and distributions.
3. Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)
A) Project Resource Assignment
B) Project Issues
C) Project Milestones
D) Project Gates
E) Project Resource Request
F) Project Deliverables
4. Which three Cost Collection Flexfield core attributes can be derived during import if not explicitly entered in a transaction document?
(Choose three.)
A) Expenditure Type
B) Work Type
C) Funding Source
D) Capitalizable Flag
E) Billable Flag
5. Identify three correct statements about project types. (Choose three.)
A) Summarization options can be specified at project type.
B) Project type can be associated with multiple project units.
C) Project type can be used as a source in subledger accounting.
D) Classifications can be assigned at project type.
E) Project type can be enabled for both billing and capitalization.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B,C,D,F | Question # 4 Answer: A,D,E | Question # 5 Answer: A,B,C |
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