Project Management Accounting Microsoft Dynamics 365 Operations Quiz Questions and Answers

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

An investment project allows costs to be capitalized to a fixed asset.

Answer :
  • True

The project management and accounting module support cost-plus pricing.

Answer :
  • True

Project groups are project type-specific.

Answer :
  • True

The project budget balances report is the only report used to look at the budget.

Answer :
  • False

Forecasted amounts can be imported as a Project Budget.

Answer :
  • True

Funding Rules are used as a method to allocate a percentage of the project invoice to multiple funding sources.

Answer :
  • True

Fixed Priced Projects can be selected for use on Time and Material Billing Rules.

Answer :
  • False

Unit of Delivery Billing Rules requires a user to manage the contract's status to update the units delivered.

Answer :
  • True