Microsoft SL 7.0 Project Series Set 1

The Contract Type field in Project Maintenance is used for which of the following?

Identify the field most commonly used for selection when defining reports in Flexible Report Column Maintenance.

Which of the following best describe how Project Charge Entry batches post when they are released?

Which of the following best describes the logic between Budget and EAC?

At what level(s) are Project Budgets and EACs created?

A project is set up in October of 2006, and costs and billings are generated. The Year-End Close process is run in Project Controller for 2006. If the Project Profitability Report is run in January of 2007, the PTD and YTD amounts are equal. What happened?

In order to stop using an override percentage and resume using the system calculated percentage of completion, which option will work in the Percent Complete and Revenue Recognition Setup?

For any project related transaction to be eligible for transfer to a project via the Financial Transaction Transfer process the status must be?

What are the three levels of hierarchy in Project Controller transactions?

 

A project is set up with a Revenue Recognition type of Completed Contract. Assuming the project is 75% complete, the postings generated during the Revenue Recognition process will be: