Project Management Accounting Microsoft Dynamics 365 Operations Quiz Questions and Answers
Answer :
False
Explanation :
Justification: False. The statement is false. Turning on the Require Timesheet Audit Trail parameter does not automatically give you the option to enter change reasons. There is a parameter named "Allow Timesheet Change Reason" which is the parameter us
Justification: False. The statement is false. If you are using an Automatic Progress Billing Rule there is no need to manage the contract's status to update the progress percentage as the system will analyze actuals vs budget to automatically come up wi
Justification: True. The statement is true. The purpose of pay when paid is to share the risk of subcontracted work. You can set the system up to only pay off a vendor invoice when a certain percentage of a customer invoice has been paid.
Justification: TRUE. The statement is true. The number sequence is set up in Project Management and Accounting > Setup > Project Management and Accounting Parameters > Number Sequence Tab > Billing Rule (reference).
Justification: True. The statement is true. From the Borrowing legal entity, you must set up an intercompany relationship with a lending entity in order to schedule the lending company's resources.
Justification: True. The statement is true. You are required to "Update Units Delivered" when using a unit of delivery billing rule, to inform the system how many units have been delivered.
Justification: True. The statement is true. When creating the milestones for Milestone Billing Rules you can only select Fixed Price type projects for the milestone is associated with.
Justification: True. The statement is true. Enabling intercompany adds the legal entity field which allows a user to select which company the project they are time is associated with.
Justification: True. The statement is true. Billing Rules require you to bill a client by using billing rules only, which means that you will invoice using the billing rule invoice.
Justification: True. The statement is true. On your project group you'll define the cost template and period code so the system can automatically create an estimate project for you.
