Question 1

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 10000Cr Unbilled Receivables 10000

B : Dr Accounts Receivables 10000Cr Unbilled Receivables 10000

C : Dr Unbilled Receivables 10000Cr Accounts Receivables 10000

D : Dr Accounts Receivables 10000Cr Revenue 10000

Answer: C

Question 2

Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page.An HCM person is included in a condition with a process order value of 1 and, additionally, there are threeother conditions, all with a process order value of 10. Identify two correct statements about the MaintainProject Enterprise Labor Resources process as it relates to process order values. (Choose two.)

Options :

A : The process creates a resource by using the conditions with a process order value of 10 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

B : For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.

C : For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.

D : The process creates a resource by using the condition with a process order value of 1 but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: B,D

Question 3

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 4

Which three are project gate statuses? (Choose three.)

Options :

A : Open

B : In Review

C : Closed

D : Approve

E : Draft

Answer: A,C,D

Question 5

You are currently involved in the implementation of the Project Financial Management solution for your client organization. Your client organization has two main lines of business: Consulting and Support. Consulting Services and Support Services organizations have different project planning, management, analysis and reporting requirements for the projects that they manage, though the management reporting and transaction processing requirements are the same for both the organizations. What will be your recommendation?

Options :

A : Define One Business Unit and Two Project Units

B : Define Two Business Units and Two Project Units

C : Define One Business Unit and Three Project Units

D : Define Two Business Units and One Project Unit

Answer: A

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