Question 1

Which two attributes are available while enabling a task as a business object for social networking?

Options :

A : Task

B : Project Number

C : Task Number

D : Creation Date

E : Project

Answer: B,C

Question 2

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

Options :

A : Create a revenue method with a revenue method classification of Amount Based.

B : Create a revenue method with a revenue method classification of Rate Based.

C : Create a revenue method classification with a revenue method of Percent Spent.

D : Create a revenue method classification with a revenue method of Percent Complete.

Answer: B

Question 3

A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period. The accounting entry for revenue is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

Options :

A :

Dr Deferred Revenue 10000

Cr Unbilled Receivables 10000

B :

Dr Accounts Receivables 10000

Cr Unbilled Receivables 10000

C :

Dr Unbilled Receivables 10000

Cr Accounts Receivables 10000

D :

Dr Accounts Receivables 10000

Cr Revenue 10000

Answer: C

Question 4

Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract lines? (Choose the best answer.)

Options :

A : Project Contract-based costing

B : Project Contract-based billing

C : Project Contract Collection Center

D : Contract Team Connect

Answer: B

Question 5

You have four resources in your organization: P, Q, R, and S.

Resource P – Project or resource calendar is active.

Resource Q – Project resource request dates are within the project or resource calendar effective dates.

Resource R – Resource calendar is complex, it does not contain seven days, and it contains more than one

pattern and shift.

Resource S – Number of working days within the requested date range is not zero on the project or resource

calendar.

Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best

answer.)

Options :

A : P

B : Q

C : R

D : S

Answer: C

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