Note: The answer is for reference only, you need to understand all question.

QUESTION 1
Mike works in an International company which is called Taskeen, recently he has finished a project successfully. Now he is going to start a new project cooperating with the same team. In order to set up the validation rules to apply to the new project, what are the three ways to do this?(choose more than one)

A.
Add the new project to the existing Employee/Category group.

B.
Select the Validation employees check box on the Setup tab of the new project

C.
Locate the individual employees in the Employee table and link them to the new project.

D.
Copy the old project using the Copy wizard and include the employee/project validation setup in the new project



Answer: ACD


QUESTION 2
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which is not a Project Control screen. So what's your answer?

A.
Cost Control

B.
Hour Utilization

C.
On-Account Control

D.
Project Statements



Answer: C


QUESTION 3
You work in an International company which is called Taskeen. On a time and material project all fee transactions except for On Call Service fees are to be accrued. When you post it from the fee journal, what should you do to make sure that revenue is not accrued?

A.
Enter the revenue amount as a credit amount by entering a minus in front of the amount.

B.
On a line property, specify that it cannot be accrued, and then apply this line property for the fee transaction in question.

C.
In the validation setup on the project itself, specify which categories are not to be included in the accrual calculation.

D.
Create a new fee journal and, on the General tab under Posting, specify that revenue entered in this journal cannot be accrued.



Answer: B


QUESTION 4
You work in an International company which is called Taskeen, and work as the project manager. When forecasting hours for a project, you're not sure of the specific hours that will be worked by each employee of your team, but you can estimate the total hours that will be worked on the project. Which of the following options will NOT give the manager an accurate representation of labor cost in the forecast?

A.
This is not a problem because employee is not a required field on hour forecasts.

B.
Set up a generic employee with a blended cost price to simulate the average cost and use that to forecast hours.

C.
This cannot be done because employee is a required field on hour forecast and cost price cannot be modified on the forecast.

D.
Create the forecast with any employee and change the cost price to an estimate of what the average cost price for each employee might be.



Answer: C


QUESTION 5
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about the difference between operations scheduling and job scheduling. So what's your answer?

A.
Job scheduling will schedule only one project, while operations scheduling will schedule all open projects.

B.
Job scheduling considers the capacity of the work center, while operations scheduling is not concerned with capacity.

C.
Job scheduling uses the capacity of the individual work center, while operations scheduling uses the capacity of the work center group.

D.
Job scheduling automatically puts the project that it is scheduling as first in line and moves other jobs back, while operations scheduling will not move the other jobs that are scheduled.



Answer: C


QUESTION 6
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which of the following is caused by creating the project directly from the project quotation. So what's your answer?

A.
Only a new project can be created from the quotation.

B.
Project quotations cannot be used to create new projects.

C.
A forecast can be created directly from the lines in the project quotation.

D.
Journals can automatically be created by using the transactions from the quotation.



Answer: C


QUESTION 7
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which of the following is the function of the periodic script Accrue revenue. So what's your answer?

A.
To periodically post revenue accruals on fixed-price projects.

B.
To reverse revenue accruals posting of completed internal projects.

C.
To periodically post or reverse revenue accruals on time and material projects in progress.

D.
To reverse and generate revenue accrual posting on time and material projects when the original posting has to be changed.



Answer: C


QUESTION 8
You work in an International company which is called Taskeen, and you're in charge of the network. In order to synchronize a project with Microsoft Project Server, which of the following is required to do this?

A.
The project must be an external project

B.
The Allow Synchronization checkbox is checked on the project parameters.

C.
The Integrate to Project Server checkbox has been checked on the record.

D.
When the Project Server Synchronization periodic job is run, the project is included in the select statement.



Answer: C


QUESTION 9
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which of the following synchronizes to Microsoft Project Server. So what's your answer? (choose more than one)

A.
Projects

B.
Employees

C.
Categories

D.
Line Properties



Answer: AB


QUESTION 10
You work in an International company which is called Taskeen, and you're in charge of the network. Between your company and a customer, there's a fixed-price installation project. During the project the customer requests that you provide additional spare parts. The purchase of these spare parts falls outside the scope of the original project, so you must charge the customer for these items. Which of the following describes how to create a sales order with which to invoice the customer for the extra items?

A.
Only on a child project of the type time and material

B.
You can do this anyway, regardless of the project structure and related types

C.
This is impossible, you cannot create a sales order for a fixed-price project

D.
You can create a sales order from the fixed price project however you must ensure that the line property for the order lines is chargeable.



Answer: A


QUESTION 11
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about the purpose of activities. So in the options below, which is a purpose of activities? (choose more than one)

A.
Activities specify ledger account postings for transactions.

B.
Activities are used to integrate to tasks in Microsoft Project Server.

C.
Activities are used to assign certain people the ability to charge time to a project.

D.
Activities are used to track the transactions associated with certain tasks within a project.



Answer: BD


QUESTION 12
You work in an International company which is called Taskeen, and you're in charge of the network. Now your project manager intends to track travel expenses and check who is generating them on all projects. So what should you do to configure the system to achieve this?

A.
Setting up a validation rule that only employees can enter travel costs.

B.
Setting the "Employee applicable?" option on the travel category to Mandatory.

C.
Setting up a specific cost journal for the employee exclusively for travel expenses.

D.
Setting up a journal approval step that prohibits posting if the employee ID has not been specified.



Answer: B


QUESTION 13
You work in an International company which is called Taskeen, and you work as the Project Manager. Now you intend to see the percentage of billable work for an employee without printing a report. In the options below, which describes the best way to do this?

A.
Run the Billable rate periodic job in the Basic module

B.
Use the Billable rate inquiry from the Employee record

C.
Use the Hour Utilization screen from the Employee record

D.
Run the Hour Utilization screen from the Project Details form



Answer: C


QUESTION 14
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which is a prerequisite for using the scheduling function. So what's your answer?

A.
An employee must be set up

B.
An activity must be set up

C.
Project stage must be set to Estimated

D.
A work center group and a work center must be set up



Answer: D


QUESTION 15
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which project types refer to an Estimate project. So what's your answer? (choose more than one)

A.
Internal projects

B.
Investment projects

C.
Fixed-price projects

D.
Time and material projects



Answer: BC


QUESTION 16
You work in an International company which is called Taskeen, and you work as the project manager. After the initial project forecast is made, it is determined that the project will be pushed back four months. In order to update the forecast without deleting the existing forecast, what should you do to achieve this?

A.
You should use the date adjustment periodic script.

B.
You should use the Edit forecast and increase the date by four months.

C.
You cannot accomplish this. After the forecast has been generated it cannot be changed without being deleted and recreated.

D.
You should create a forecast line with a negative amount to reverse the existing forecast and then create a new line with the correct date.



Answer: B


QUESTION 17
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about what the periodic script Post costs can be used for. So what's your answer?

A.
To post and invoice registered sales orders.

B.
To post the invoice proposals in the period of the costs.

C.
To credit a temporary revenue to profit and loss accounts and debit a WIP account on both Time and Material and Internal projects with WIP.

D.
To credit a temporary revenue to the balance and debit invoice revenue to profit and loss accounts on only Time and Material projects with WIP.



Answer: C


QUESTION 18
You work in an International company which is called Taskeen, and you're in charge of the network. 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 by your company. So in the options below, which will accomplish this?

A.
By using the Invoice approval journal in Accounts payable.

B.
By running the invoice proposal and including vendor invoices.

C.
By specifying a chargeable line property when you post the vendor invoice to the project.

D.
Only by recording the invoice directly through the Invoice journal in Accounts payable.



Answer: C


QUESTION 19
You work in an International company which is called Taskeen, and you're in charge of the network. When users want to access the projects from the Enterprise portal, what should you do to make sure that an employee can only register categories on certain projects?

A.
By using the Project list for each employee from Project.

B.
By assigning the employee permissions to the Enterprise portal.

C.
By activating the validation rules available in the Project module.

D.
By setting the project stage to Estimate on the projects in question.



Answer: C


QUESTION 20
You work in an International company which is called Taskeen, and you're in charge of the network. Your company invoices in USD and your customer's company currency is DEM. To avoid problems with currency fluctuations you agree on a fixed currency exchange rate for invoices. So what should you do to set this up in Microsoft Dynamics AX?

A.
You should specify a fixed rate agreement on the project

B.
You should set up a fixed exchange rate on the sales order

C.
You should specify a fixed rate agreement on the project contract

D.
You should specify which rate to use when you create the invoice proposal



Answer: C


QUESTION 21
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in what situation, it needs to use a fee transactions. So what's your answer?

A.
When offsetting on-account transactions.

B.
Crediting transactions on fixed-price projects.

C.
When entering cost-independent income on a time and material project.

D.
An addition must be made to the contract amount on fixed-price projects.



Answer: C


QUESTION 22
You work in an International company which is called Taskeen, and you're in charge of the network. An invoice proposal has been created, but new transactions have been posted to the project that needs to be included in the invoice proposal. How can this be done without deleting the proposal?

A.
Press the Add lines button to pull in the new transactions into the proposal.

B.
It cannot. The invoice proposal must be reversed and recreated with the new lines

C.
The new transactions will have to be included in the next invoice. Once an invoice proposal is created, it cannot be changed.

D.
On the transaction type that needs to be added, press CTRL+N to create a new line. The system will automatically search for new transactions not included in the proposal.



Answer: A


QUESTION 23
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about cost Templates are used in which projects below. So what's your answer?

A.
Summary projects

B.
Fixed-price projects

C.
Internal Cost projects

D.
Time and material projects



Answer: B


QUESTION 24
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which is not a way to create Item transactions on a Project. So what's your answer?

A.
Purchase Order

B.
Production Order

C.
Profit and Loss Journal

D.
Item Requirements Journal



Answer: C


QUESTION 25
You work in an International company which is called Taskeen, and you're in charge of the network. After you create an invoice proposal, you find that there was an error made when you entered one of the transactions on the invoice proposal. You must correct it before you send the invoice. So what should you do to achieve this?

A.
You can make the change directly on the invoice proposal.

B.
You should create a credit note and then make the adjustment and invoice again.

C.
You should cancel the proposal, make the adjustments, and create a new proposal before invoicing.

D.
You should create a journal, reverse the transaction, create the new correct transaction and then invoice again.



Answer: C


QUESTION 26
You work in an International company which is called Taskeen, and you're in charge of the network. A customer has complained that they cannot be charged for the acquisition of equipment for use with a project. The acquisition transaction has already been posted. In the options below, which describes how to change the line property for the transaction so that the customer is not charged?

A.
The line property cannot be changed.

B.
By using the adjustment functionality.

C.
It can be changed from the invoice proposal.

D.
By changing the default line property on the project.



Answer: B


QUESTION 27
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which rightly describes the difference between invoicing a fixed-price project and invoicing a time and material project?

A.
Expenses are never charged to a fixed price project.

B.
There is no difference, both are invoiced as costs occur on the project.

C.
There is no difference, both project types are invoiced based on a milestone and a percentage of the total cost.

D.
Fixed price projects are invoiced as milestones are reached with an agreed upon contract, whereas time and material projects are invoiced as costs and consumption occur.



Answer: D


QUESTION 28
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which methods can not be used to create an invoice proposal for multiple projects. So what's your answer? (choose more than one)

A.
Run the Periodic job Create Invoice.

B.
Run the Periodic job Multiple Project Invoice

C.
Select the Invoice Proposal option on the Project Contract

D.
From the Projects list page, select the Invoice Proposal option and check the Multiple Projects checkbox.



Answer: BD


QUESTION 29
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about the difference between the Consumed and Finished Item methods for charging production costs to a project. So what's your answer?

A.
There is no difference between the two methods in how they charge production costs. The two methods determine how the production order will be scheduled.

B.
The consumed method will post item transactions to the project as the production order is ended, while the Finished Item method will not post any transactions to the project until the project is invoiced.

C.
The consumed method will post hour, expense and item transactions to the project as they are consumed on the production order, while the Finished Item method will post item transactions to the project as the production order is report as finished.

D.
The consumed method will only post raw material consumption costs to the project as they are consumed on the production order, while the Finished Item method will post the labor and machine costs to the project in addition to the raw material consumption cost.



Answer: C


QUESTION 30
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which is a characteristic of the assessment principle Completed contract. So what's your answer?

A.
During the project, costs can be recognized in the profit and loss without using WIP.

B.
An accurate measure of contribution margin is recognized at the end of the project.

C.
An accurate measure of contribution margin is recognized at the end of every control period.

D.
The contribution margin is recognized every ledger period regardless of actual invoicing.



Answer: B


QUESTION 31
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which determines the time interval for calculating estimates. So what's your answer?

A.
The ledger period set up in General ledger.

B.
A period code set up on the estimate project.

C.
A manual time entry when you run the estimates.

D.
A period code set up on the main fixed-price project.



Answer: B


QUESTION 32
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in theoptions below, which is a prerequisite for running the Estimate process on a project. So what's your answer?

A.
The project is a time and material project.

B.
The project has a reference to an estimate project.

C.
The invoice project has a reference to an item tax group.

D.
The project is in a project group referencing an estimate project.



Answer: B


QUESTION 33
You work in an International company which is called Taskeen, and you work as a project manager. Now you have to capitalize all the costs associated with the project into a fixed asset. How is this accomplished?

A.
It has to be done with a manual journal entry. This cannot be done in the project module

B.
Once the project is finished, use the Capitalize Cost script to move the project costs to a fixed asset.

C.
The project must be created as an investment project and the estimate needs to be set to eliminate to a fixed asset.

D.
The project must be created as an investment project and the estimate needs to be set to eliminate to a ledger account. The ledger account must be set to the same account used to manage fixed assets.



Answer: C


QUESTION 34
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about what three internal project types in Microsoft Dynamics AX 2009 are. So what's your answer?

A.
Cost, Time, Revenue

B.
Cost, Time, Investment

C.
Fixed-Price, Time and Material, Estimate

D.
Sales, Product Development, Research and Development



Answer: B


QUESTION 35
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in theoptions below, which describes what happens during the elimination process on fixed price projects. So what's your answer?

A.
Previous accruals are reversed before you post new WIP.

B.
Incorrectly estimated lines are removed before you update.

C.
All previous estimate lines are removed before you create the new estimate lines.

D.
Costs and revenue are recognized by moving the estimated amounts from balance accounts to profit and loss.



Answer: D


QUESTION 36
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which of the options below can be posted to when eliminating an Investment project. So what's your answer? (choose more than one)

A.
Fixed Asset

B.
Ledger Account

C.
To a Sales Order

D.
To another Project as an Expense



Answer: ABD


QUESTION 37
You work in an International company which is called Taskeen, and you're in charge of the network. An estimate has already been posted for the prior period on a fixed price project. A vendor invoice relating to that period has been received after the Estimate posting date and therefore has not been included in the percentage of completion calculation. The expense will have a significant affect therefore it has to be included in the prior period calculation. How can this be achieved?

A.
This is performed automatically.

B.
Run a new estimate period to include the transactions.

C.
Change the estimate lines manually and recalculate the WIP.

D.
Reverse the posted estimate and create a new estimate for the period.



Answer: D


QUESTION 38
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about when cost estimate lines can be edited in a project Estimate calculation on fixed price projects. So what's your answer?

A.
When you use the Adjustment feature.

B.
When the cost template is set to manual calculation.

C.
Until the Estimate period and corresponding WIP is posted.

D.
They cannot be edited because estimates always result from reported transactions.



Answer: C


QUESTION 39
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about the purpose of the estimate process on fixed-price projects. So what's your answer?

A.
To adjust the forecasts according to actual project progress

B.
To correct ledger postings after having adjusted transactions on the project

C.
To periodically clear ledger accounts of any work in process and accruals generated

D.
To periodically update work in process and/or accruals to obtain the correct results reflected in ledger accounts according to the assessment principle



Answer: D


QUESTION 40
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which of the options below is a characteristic of the assessment principle Completed Percentage. So what's your answer?

A.
The recognized revenue is derived from the activity level of the costs incurred.

B.
On-account transactions are used to create an accurate image of project progress.

C.
An accurate measure of contribution margin is recognized at the end of the project.

D.
During the project, revenue and costs are posted directly to the profit and loss without using WIP.



Answer: A


QUESTION 41
You work in an International company which is called Taskeen, and you're in charge of the network. Which of the following will move costs from balance accounts to profit and loss accounts on a Time and Material project with WIP? (choose more than one)

A.
The Post costs script.

B.
When an invoice proposal is posted.

C.
When an on-account invoice is posted.

D.
Costs automatically post to P L accounts when they are first posted. You do not need to do this.



Answer: AB


QUESTION 42
You work in an International company which is called Taskeen, and you're in charge of the network. A fixed-price project using estimation has reached its final stage. What process should you perform to prepare for the project closing?

A.
Run a last period estimate with elimination

B.
Reverse the original estimate before posting a final WIP

C.
Post all journals and set the project stage to In Process

D.
Reverse the previous period estimate and post the final transactions



Answer: A


QUESTION 43
You work in an International company which is called Taskeen, the internal Research and Development department of your 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 do you set up to achieve this?

A.
An internal cost project.

B.
An internal project with a project group set up to handle WIP

C.
A fixed-price project that uses the completed percentage method.

D.
A time and material project with a project group setup to accrue revenue.



Answer: B


QUESTION 44
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which options below describes what is meant by the assessment principle Completed Percentage. So what's your answer?

A.
Revenue is recognized during the project.

B.
On-account transactions have to match milestones in the project.

C.
No invoicing is possible until the project is marked as Finished.

D.
All invoices are posted to profit and loss accounts during the project.



Answer: A


QUESTION 45
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about the purpose of the Employee/category validation setup. So what's your answer?

A.
To suggest or control what categories employees may use in project journals

B.
To prevent an employee from reporting on non-authorized categories on a given project

C.
To specify the categories where revenue can be accrued when you run the Post revenue script

D.
To apply validation rules on categories for a purchase requisition issued from the employee



Answer: A


QUESTION 46
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which objects below benefits from using an internal project with WIP. So what's your answer?

A.
A time project tracking holiday hours.

B.
A week long office improvement project.

C.
A two-day internal sales training seminar.

D.
A long term IT development project over several years.



Answer: D


QUESTION 47
You work in a guest house which is called Dixieland. Now a travel agency books the guest house and has a standard charge of 4 percent for administering all travel arrangements. This extra fee must also be invoiced to the customer. But the guest house expenses are to be invoiced directly to the customer on a time and material project. So which of the following will guarantee that this happens for every hotel transaction?

A.
Before invoicing, add a total misc. charge to the invoice

B.
Specify a cost percentage on the line property for the transaction

C.
In the expense journal, add a new category called "Extra" and apply the amount

D.
On the hotel category, set the sales price model to "misc. percentage" and set to "4%"



Answer: D


QUESTION 48
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which of the statements below describes why cost templates are used. So what's your answer?

A.
Cost templates are used to divide the WIP transactions in General ledger

B.
Cost templates are used to set the mark-up percentage on different category groups

C.
Cost templates are used to define the ledger integration of a completion percentage

D.
Cost templates are used to define which categories to include in the calculation of a completion percentage



Answer: D


QUESTION 49
You work in an International company which is called Taskeen, and you're in charge of the network. All employees working on a fixed-price project need to enter their hour consumption which also includes possible overtime. In order to make sure that overtime payment is calculated for the employees, what should you do to configure the system?

A.
Employees double up their default hour cost specified in the hour journal.

B.
The employees' manager must use the adjustment functionality to change the cost price.

C.
Employees must enter an hour category with a sales price model set to misc. charges amount.

D.
Employees must change the line property on the overtime hours to one that has a cost percentage set up.



Answer: D


QUESTION 50
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which internal project type is designed to create no ledger postings. So what's your answer?

A.
Cost

B.
Time

C.
Investment

D.
Internal with WIP



Answer: B


QUESTION 51
On a time and material project, the hotel expenses are to be invoiced directly to the customer. However, the travel agency that books thehotel has a standard charge of 3 percent for administering all travel arrangements. This extra fee must also be invoiced to the customer. Which of the following will guarantee that this happens for every hotel transaction?

A.
Specify a cost percentage on the line property for the transaction

B.
In the expense journal, add a new category called "Extra" and apply the amount

C.
On the hotel category, set the sales price model to "misc. percentage" and set to "3%"

D.
Before invoicing, add a total misc. charge to the invoice



Answer: C


QUESTION 52
What are three internal project types in Microsoft Dynamics AX 2009?

A.
Time, Cost, Investment

B.
Time, Revenue, Cost

C.
Fixed-Price, Time and Material, Estimate

D.
Sales, Product Development, Research and Development



Answer: A


QUESTION 53
After the initial 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?

A.
You cannot accomplish this. After the forecast has been generated it cannot be changed without being deleted and recreated.

B.
Create a forecast line with a negative amount to reverse the existing forecast and then create a new line with the correct date.

C.
Use the Edit forecast and increase the date by three months.

D.
Use the date adjustment periodic script.



Answer: C


QUESTION 54
Which of the following is a difference between operations scheduling and job scheduling?

A.
Job scheduling will schedule only one project, whereas operations scheduling will schedule all open projects.

B.
Job scheduling uses the capacity of the individual work center, whereas operations scheduling uses the capacity of the work center group.

C.
Job scheduling considers the capacity of the work center, whereas operations scheduling is not concerned with capacity.

D.
Job scheduling automatically puts the project that it is scheduling as first in line and moves other jobs back, whereas operations scheduling will not move the other jobs that are scheduled.



Answer: B


QUESTION 55
You work in an International company which is called Taskeen, and you're in charge of the network. Now your project manager intends to track travel expenses and check who is generating them on all projects. So what should you do to configure the system to achieve this?

A.
Setting up a validation rule that only employees can enter travel costs.

B.
Setting the "Employee applicable?" option on the travel category to Mandatory.

C.
Setting up a specific cost journal for the employee exclusively for travel expenses.

D.
Setting up a journal approval step that prohibits posting if the employee ID has not been specified.



Answer: B


QUESTION 56
You work in an International company which is called Taskeen, and you're in charge of the network. 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 by your company. So in the options below, which will accomplish this?

A.
By using the Invoice approval journal in Accounts payable.

B.
By running the invoice proposal and including vendor invoices.

C.
By specifying a chargeable line property when you post the vendor invoice to the project.

D.
Only by recording the invoice directly through the Invoice journal in Accounts payable.



Answer: C


QUESTION 57
You work in an International company which is called Taskeen, and you're in charge of the network. An invoice proposal has been created, but new transactions have been posted to the project that needs to be included in the invoice proposal. How can this be done without deleting the proposal?

A.
Press the Add lines button to pull in the new transactions into the proposal.

B.
It cannot. The invoice proposal must be reversed and recreated with the new lines

C.
The new transactions will have to be included in the next invoice. Once an invoice proposal is created, it cannot be changed.

D.
On the transaction type that needs to be added, press CTRL+N to create a new line. The system will automatically search for new transactions not included in the proposal.



Answer: A


QUESTION 58
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which of the following is caused by creating the project directly from the project quotation. So what's your answer?

A.
Only a new project can be created from the quotation.

B.
Project quotations cannot be used to create new projects.

C.
A forecast can be created directly from the lines in the project quotation.

D.
Journals can automatically be created by using the transactions from the quotation.



Answer: C


QUESTION 59
You work in an International company which is called Taskeen, and you work as the project manager. After the initial project forecast is made, it is determined that the project will be pushed back four months. In order to update the forecast without deleting the existing forecast, what should you do to achieve this?

A.
You should use the date adjustment periodic script.

B.
You should use the Edit forecast and increase the date by four months.

C.
You cannot accomplish this. After the forecast has been generated it cannot be changed without being deleted and recreated.

D.
You should create a forecast line with a negative amount to reverse the existing forecast and then create a new line with the correct date.



Answer: B


QUESTION 60
You work in an International company which is called Taskeen, and you're in charge of the network. After you create an invoice proposal, you find that there was an error made when you entered one of the transactions on the invoice proposal. You must correct it before you send the invoice. So what should you do to achieve this?

A.
You can make the change directly on the invoice proposal.

B.
You should create a credit note and then make the adjustment and invoice again.

C.
You should cancel the proposal, make the adjustments, and create a new proposal before invoicing.

D.
You should create a journal, reverse the transaction, create the new correct transaction and then invoice again.



Answer: C


QUESTION 61
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in the options below, which is a characteristic of the assessment principle Completed contract. So what's your answer?

A.
During the project, costs can be recognized in the profit and loss without using WIP.

B.
An accurate measure of contribution margin is recognized at the end of the project.

C.
An accurate measure of contribution margin is recognized at the end of every control period.

D.
The contribution margin is recognized every ledger period regardless of actual invoicing.



Answer: B


QUESTION 62
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about in theoptions below, which describes what happens during the elimination process on fixed price projects. So what's your answer?

A.
Previous accruals are reversed before you post new WIP.

B.
Incorrectly estimated lines are removed before you update.

C.
All previous estimate lines are removed before you create the new estimate lines.

D.
Costs and revenue are recognized by moving the estimated amounts from balance accounts to profit and loss.



Answer: D


QUESTION 63
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about the purpose of the estimate process on fixed-price projects. So what's your answer?

A.
To adjust the forecasts according to actual project progress

B.
To correct ledger postings after having adjusted transactions on the project

C.
To periodically clear ledger accounts of any work in process and accruals generated

D.
To periodically update work in process and/or accruals to obtain the correct results reflected in ledger accounts according to the assessment principle



Answer: D


QUESTION 64
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which options below describes what is meant by the assessment principle Completed Percentage. So what's your answer?

A.
Revenue is recognized during the project.

B.
On-account transactions have to match milestones in the project.

C.
No invoicing is possible until the project is marked as Finished.

D.
All invoices are posted to profit and loss accounts during the project.



Answer: A


QUESTION 65
You work in a guest house which is called Dixieland. Now a travel agency books the guest house and has a standard charge of 4 percent for administering all travel arrangements. This extra fee must also be invoiced to the customer. But the guest house expenses are to be invoiced directly to the customer on a time and material project. So which of the following will guarantee that this happens for every hotel transaction?

A.
Before invoicing, add a total misc. charge to the invoice

B.
Specify a cost percentage on the line property for the transaction

C.
In the expense journal, add a new category called "Extra" and apply the amount

D.
On the hotel category, set the sales price model to "misc. percentage" and set to "4%"



Answer: D


QUESTION 66
You work in an International company which is called Taskeen, and you're in charge of the network. Now one of your colleagues asks for your help, he has no idea about which internal project type is designed to create no ledger postings. So what's your answer?

A.
Cost

B.
Time

C.
Investment

D.
Internal with WIP



Answer: B


QUESTION 67
Which of the following is a difference between operations scheduling and job scheduling?

A.
Job scheduling will schedule only one project, whereas operations scheduling will schedule all open projects.

B.
Job scheduling uses the capacity of the individual work center, whereas operations scheduling uses the capacity of the work center group.

C.
Job scheduling considers the capacity of the work center, whereas operations scheduling is not concerned with capacity.

D.
Job scheduling automatically puts the project that it is scheduling as first in line and moves other jobs back, whereas operations scheduling will not move the other jobs that are scheduled.



Answer: B