Microsoft-AX 2009 Project Series Set 3

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Microsoft-AX 2009 Project Series Set 3

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?

During the project, costs can be recognized in the profit and loss without using WIP. ✘ An accurate measure of contribution margin is recognized at the end of the project. ✘ An accurate measure of contribution margin is recognized at the end of every control period. ✘ The contribution margin is recognized every ledger period regardless of actual invoicing. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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?

Previous accruals are reversed before you post new WIP. ✘ Incorrectly estimated lines are removed before you update. ✘ All previous estimate lines are removed before you create the new estimate lines. ✘ Costs and revenue are recognized by moving the estimated amounts from balance accounts to profitand loss. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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?

To adjust the forecasts according to actual project progress ✘ To correct ledger postings after having adjusted transactions on the project ✘ To periodically clear ledger accounts of any work in process and accruals generated ✘ To periodically update work in process and/or accruals to obtain the correct results reflected in ledgeraccounts according to the assessment principle ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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?

Revenue is recognized during the project. ✘ On-account transactions have to match milestones in the project. ✘ No invoicing is possible until the project is marked as Finished. ✘ All invoices are posted to profit and loss accounts during the project. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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?

Before invoicing, add a total misc. charge to the invoice ✘ Specify a cost percentage on the line property for the transaction ✘ In the expense journal, add a new category called "Extra" and apply the amount ✘ On the hotel category, set the sales price model to "misc. percentage" and set to "4%" ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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?

Cost ✘ Time ✘ Investment ✘ Internal with WIP ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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

Job scheduling will schedule only one project, whereas operations scheduling will schedule all open projects. ✘ Job scheduling uses the capacity of the individual work center, whereas operations scheduling uses thecapacity of the work center group. ✘ Job scheduling considers the capacity of the work center, whereas operations scheduling is notconcerned with capacity. ✘ Job scheduling automatically puts the project that it is scheduling as first in line and moves other jobsback, whereas operations scheduling will not move the other jobs that are scheduled. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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?

Cost Control ✘ Hour Utilization ✘ On-Account Control ✘ Project Statements ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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)

Projects Employees Categories Line Properties

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

10.

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?

By using the Project list for each employee from Project. ✘ By assigning the employee permissions to the Enterprise portal. ✘ By activating the validation rules available in the Project module. ✘ By setting the project stage to Estimate on the projects in question. ✔

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Answer & Solution

Answer: Option B

Solution:

It provides fallback for IE8.

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Microsoft-AX 2009 Project Series Set 3

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