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.

Answer :
  • False