Question 6 of 54
Which component of performance measures allows you to select the method that is used to measure accounts such as budget, forecast, and actual?
Correct Answer: A
Question 7 of 54
A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period.
The accounting entry for revenue is:
and accounting entry for invoice is:
What will be the accounting entry when you reclassify the billing offset balances in the first period?
The accounting entry for revenue is:
and accounting entry for invoice is:What will be the accounting entry when you reclassify the billing offset balances in the first period?
Correct Answer: C
Question 8 of 54
Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
What setup is required to enable this kind of revenue recognition?
What setup is required to enable this kind of revenue recognition?
Correct Answer: B
Question 9 of 54
Where should you specify the Default Capitalized Interest Rate Schedule?
Correct Answer: C
Question 10 of 54
Your customer wants to calculate Estimate to Complete (ETC) as the difference between Current Planned Cost and Actual Cost. In Progress Settings, which option would you use in conjunction with the ETC method to meet this requirement?
Correct Answer: C