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| Section | Objectives |
|---|---|
| Topic 1: Integration and Reporting | - Analytics and Reporting
|
| Topic 2: Project Execution Management | - Resource Management
|
| Topic 3: Project Foundation Setup | - Project and Task Structures
|
| Topic 4: Project Financial Management | - Project Budgeting and Forecasting
|
| Topic 5: Security and Administration | - Application Maintenance
|
1. Which four standard objects can you configure to include business specific attributes by using Application Composer for Project Execution Management? (Choose four.)
A) Project Milestones
B) Project Resource Assignment
C) Project Gates
D) Project Resource Request
E) Project Deliverables
F) Project Issues
2. A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)
A) Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
B) Dr Accounts Receivables 40,000Cr Revenue 40,000
C) Dr Unearned Revenue 40,000Cr Revenue 40,000
D) Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
3. Where is the Allow Override option for the Default Capitalized Interest Rate Schedule specified?
A) Manage Project Type page
B) Manage Expenditure Type page
C) Manage Capitalized Interest Rate Schedules page
D) Manage Project Plan Type page
E) Manage Capitalized Interest Rates page
4. Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)
A) target percentage and spread evenly
B) spread evenly
C) target percentage and prorate
D) prorate
5. When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)
A) Summary
B) Incremental
C) Detail
D) Bulk
Solutions:
| Question # 1 Answer: A,C,E,F | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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