Microsoft GP 10.0 Project Series Set 3

1.

When using a Cost Plus or Fixed Price project when is revenue actually recognized?

When billings are posted. When costs are recorded. When a revenue recognition transaction is posted. When the budget it updated.

2.

Project Accounting can be used to perform which of the following activities in your business? Choose the 3 that apply.

Recognize revenue Enter point of sale transaction documents for customers. Track employee time and expenses incurred for a project. Compare and analyze baseline and forecasted values for a project.

3.

What is the process used to move billing documents in Project Accounting to history status?

Clear Data Remove Paid Documents Billing History Update Paid Transaction Removal

4.

Personal Data Keeper and Project Time and Expense for Business Portal are designed for users to enter which types of transactions?

Timesheets only Timesheets and Employee Expenses Any Project Accounting transaction Timesheets and any purchasing type transaction

5.

Under what conditions can the "Employee ID" be selected when entering a timesheet in Personal Data Keeper?

It can be selected when entering a proxy timesheet. It can be selected if the user is a supervisor or manager. It can be selected as long as the user is working in connected mode. It cannot be selected.

6.

How many times can a transaction be re-submitted in Personal Data Keeper or Project Time and Expense for Business Portal?

Five times Unlimited, but the Administrator must return it every other time. An unlimited number of times Only once

7.

What do Administrator privileges allow a user to do?

Perform inquiries on other users transactions. Set up new users in Personal Data Keeper. Override Manager or Supervisor settings for approvals. Enter a timesheet for another employee.

8.

Which role is necessary to add or remove users in Business Portal for use with Project Time and Expense?

Employee Manager Administrator Back Office user

9.

Which of the following best describes which projects are available during Project Employee Expense entry in Business Portal?

The user's role in Business Portal dictates project availability. The User Setup window in Project Accounting determines the available projects. The Access List in Project Accounting determines the available projects. The employee's status as it relates to the contract determines which projects may be selected.

10.

An employee assigned as a delegate in the Timesheet Settings window has which of the following capabilities?

They can enter a timesheet on behalf of the employee identified. They can approve a timesheet for the employee identified. They can enter a timesheet for any other employee. They can log into Personal Data Keeper as the user identified.

Microsoft GP 10.0 Project Series Set 3

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Microsoft GP 10.0 Project Series Set 3

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