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1. Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?
A) Project Costing
B) Project Billing
C) Project Control
D) Enterprise Contract Management
2. Which two statements are true about the cross-charge method, Borrowed and Lent?
A) This method creates a formal internal invoice.
B) You must set up the contract business unit to use this method.
C) Costs or revenue are shared based on transfer price rules with this method.
D) This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
3. Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
A) Scenario Member
B) Category Member
C) Time Member
D) Accounts Member
4. You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?
A) The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
B) The two expenditure types are not assigned to the reference data set that is assigned to the project- owning organization in which the transaction is performed.
C) The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
D) The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
5. Stigma Consulting wants to implement the program management capability to coordinate and track their strategic programs.
Which three components are required to configure the program options as part of implementing the program management capability? (Choose three.)
A) Calculation Methods
B) Currencies
C) Accounting Methods
D) Derivation Methods
E) Calendar
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A,D,E |
1. Which product offering simplifies the planning, budgeting, and forecasting capabilities as part of Project Management Cloud?
A) Project Costing
B) Project Billing
C) Project Control
D) Enterprise Contract Management
2. Which two statements are true about the cross-charge method, Borrowed and Lent?
A) This method creates a formal internal invoice.
B) You must set up the contract business unit to use this method.
C) Costs or revenue are shared based on transfer price rules with this method.
D) This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
3. Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
A) Scenario Member
B) Category Member
C) Time Member
D) Accounts Member
4. You have defined two expenditure types but they are not available for selection when you enter an expenditure batch.
What is the reason for this problem?
A) The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
B) The two expenditure types are not assigned to the reference data set that is assigned to the project- owning organization in which the transaction is performed.
C) The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
D) The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
5. Stigma Consulting wants to implement the program management capability to coordinate and track their strategic programs.
Which three components are required to configure the program options as part of implementing the program management capability? (Choose three.)
A) Calculation Methods
B) Currencies
C) Accounting Methods
D) Derivation Methods
E) Calendar
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A,D,E |
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