Microsoft Business Solutions Great Plains 8.0 Project Series

1.

In the PA Employee Options window when Files Employee Expense is marked and Allow Vendor for Purchase Order is unmarked which of the following is most true?

The employee will not have a vendor record established in Payables Management but, they can still enter
employee expenses. Employee Expense transactions can be entered for the employee but, they will not post to PayablesManagement module. These boxes have no bearing on either transaction type. Employee Expense transactions can be entered for the employee, but Purchase Orders cannot be enteredfor the corresponding vendor.

2.

Which of the following statements is true regarding Project Accounting timesheets?

To use Project Accounting you must process your Payroll through Great Plains. Project Accounting gives you the option of whether your timesheet entries will post to Payroll or not. If you are using Project and Payroll, all employees must use a pay code of hourly. When entering timesheet transaction in Project Accounting, all time must be related to a project.

3.

Which statement best describes how the Accept Replacements option for rate tables in the Project Billings Settings and the Budget Rates windows function?

It allows/disallows line item changes to be reflected on this project. It works in conjunction with the "Replace Rate Table on projects with this one" option in the rate tablewizard. It allows/disallows users to change from an employee to position rate table on the project. It allows/disallows users to make changes to the rate when entering transactions.

4.

What kind of revenue recognition is calculated individually on each cost category used in a project?

Combined Divisional Augmented Segmented

5.

Time and Materials projects can use which of the following profit types?

Billing Rate, Markup Percent or None Total Profit, Billing Rate or Markup Percent Percent of Baseline, Percent of Actual or None Markup Percent, Profit per Unit Fixed, or Total Profit

6.

When using a Fixed Price project the Cost Owner source is only available as a posting source for which two General Ledger posting types?

Cost of Goods Sold and Contra Account Project Revenue and Project Losses Contra Account and Overhead BIEE and EIEB

7.

If a timesheet or expense report has the approval status set to verridden , what does it indicate?

The document was approved using Administrative privileges. The employee overrode the decision of the supervisor. The timesheet was changed after initially being approved. The manager overrode the decision of the supervisor.

8.

Which of the following could be a reason the template wizard icon is unavailable when creating a new timesheet?

Personal Data Keeper doesn allow timesheets to be created through a template. The user has not been configured to use timesheet templates. No timesheets have been submitted for this user before. Data entry on this timesheet has already begun.

9.

If the pprove All button is used, it will only approve documents with which document status?

Submitted or pending Submitted only Submitted or re-submitted Pending or re-submitted

10.

What is the maximum number of delegates that may be assigned to a single employee?

Two One As many as are in the class assigned to the user. Unlimited

Microsoft Business Solutions Great Plains 8.0 Project Series

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Microsoft Business Solutions Great Plains 8.0 Project Series

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