Microsoft Solomon 6.0 Project Management and Accounting Set 1

When the Revenue Tab in Project Controller is configured for Revenue Recognition to post to evenue? how is the general ledger account selected during the posting process?

What wildcard is available for Revenue Recognition General Ledger subaccount postings?

The Revenue Recognition process is run in Final mode on May 25. On May 31, the Revenue Recognition process is run again before month end closing. If a project was 80% complete on May 25 and due to additional reclassification expenses posted to the project it is now 75% completed, what postings will be made by Revenue Recognition?

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

A project is set up in October of 2001, and costs and billings are generated. The Year-End Close process is run in Project Controller for 2001. If the Project Profitability Report is run in January of 2002, the PTD and YTD amounts are equal. What happened?

 

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

What field for selection is the most common field to define in Flexible Report Column Maintenance?

Which of the following best describe what happens during the Financial Transaction Transfer (FTT) process?

The users would like to add a field to the Project Maintenance Additional Information screen that defines the type of cargo a ship is carrying. Each ship is set up as a project. What is the correct process for setting up a new field that validates against a user defined table?

Which of the following best describes EAC?