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| Section | Weight | Objectives |
|---|---|---|
| Project Foundation Setup | 25% | - Common Application Capabilities
|
| Project Reporting and Integration | 20% | - Integration and Extensions
|
| Project Financial Management | 30% | - Project Control
|
| Resource and Task Management | 25% | - Project Management
|
1. A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
A) Dr Deferred Revenue 10000 -
Cr Unbilled Receivables 10000
B) Dr Accounts Receivables 10000 -
Cr Unbilled Receivables 10000
C) Dr Accounts Receivables 10000 -
Cr Revenue 10000
D) Dr Unbilled Receivables 10000 -
Cr Accounts Receivables 10000
2. 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
3. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)
A) assignment to multiple sets; no common values allowed
B) assignment to one set only; no common values allowed
C) assignment to one set only with common values
D) assignment to multiple sets; common values allowed
4. Which three are true of what you can do in the Project Requirements work area?
A) Create project tasks for backlog items.
B) Organize backlog items by requirements.
C) Create an implementation project.
D) Create an execution project.
E) Manage your list of backlog items.
5. Your organization has a requirement to send notifications to the owners of the associated tasks when the status of a deliverable is set to Complete. You have been asked to evaluate generate public events for project deliverable status changes feature to manage this requirement.
Which two statements are true about this feature? (Choose two.)
A) The public event is generated when a deliverable is created or deleted.
B) The public event is not generated when a deliverable is created or deleted.
C) The public event is generated when the progress status for a deliverable changes.
D) The public event is not generated when the priority of a deliverable changes.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B,C,D,F | Question # 3 Answer: A | Question # 4 Answer: A,B,E | Question # 5 Answer: B,C |
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