Project Management Accounting Microsoft Dynamics 365 Operations Quiz Questions and Answers
The project management and accounting module support cost-plus pricing.
Answer :
True
Project groups are project type-specific.
Answer :
True
Project Groups always require you to define a “Cost Template” and “Period Code”.
Answer :
False
Time and material projects allow for subjective billing based on material, labor, and expenses that have been incurred on a project.
Answer :
True
Fixed price projects use on-accounts as the primary method of defining the fixed value for a specific project.
Answer :
True
If a value of “Balance” is applied to the “Post Costs – Hour” field on a project group, the cost will always register to the balance sheet upon labor being posted.
Answer :
False
The project group is a required field when creating a new project.
Answer :
True
Cost projects can be configured to allow costs to be tracked on the balance sheet.
Answer :
False
An investment project allows costs to be capitalized to a fixed asset.
Answer :
True
Time projects allow for items, hours, and expenses to be registered towards them.
