Microsoft Solomon 6.0 Project Management and Accounting

1.

Summarized project information is stored in what groupings?

Month, Year, Project Week, Month, Quarter Month, Quarter, Year Month, Project

2.

The Project Net Profit screen displays which two types of Account Categories?

Asset and Liability Revenue and Expense Non-Accounting and Revenue Asset and Revenue

3.

Transactions that make up Committed amounts on a project may consist of which of the following?

Unposted Timecards Unapplied Accounts Receivable Payments Open Accounts Payable Vouchers Purchase Orders

4.

By default, account categories sort in ascending alphabetical order in screens and on reports. How can the display order be changed?

By using the Code File 'SORT' to change the sort order By assigning the Account Categories to a Task in Task Maintenance By using the Sort Number field in Account Category Maintenance The default sort order cannot be changed.

5.

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

Contract, Project, Type Customer, Project, Task Project, Task, Account Category Project, Account Category, Employee

6.

When creating a new Code Type, what type should it always be?

User Created User Maintained System Created System Maintained

7.

How is a Project pre-defined user ID Field activated?

By using Customization Manager to make the field visible By defining the appropriate values for the field in Code File Maintenance By selecting the appropriate ID field in ID Maintenance and making it visible By selecting the ID fields to be made visible in Project Controller Setup

8.

If Revenue Recognition is calculated and posted at the Task level and based on a calculation of Amounts and All Expenses and Contract Value, which of the following must be true?

A task-level subaccount must be defined in the Task Maintenance screen. A task-level revenue account must be defined in the Percent Complete and Revenue Recognition Setupscreen. The Budget Maintenance screen must contain task level EAC amounts for all expense AccountCategories relevant to the project, as well as Contract Value. The Budget Maintenance screen must contain task level EAC amounts for all expense AccountCategories, as well as Revenue.

9.

Project Series requires what option for Multi-Company processing?

Multiple application databases and multiple system databases. Multiple companies in one application database within one system database. Only one application database with one company and one system database. This is not possible.

10.

What validation options are available for Project and Task segments in Key Definition?

No validation is available for individual segments. Code Type Field Class Values

Microsoft Solomon 6.0 Project Management and Accounting

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Congratulations

COMPANY

Products

OTHERS

Partner

Microsoft Solomon 6.0 Project Management and Accounting

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Answer & Solution

Answer: Option B

Solution:

Congratulations

Detail Form

COMPANY

Products

OTHERS

Partner