As you go through the first-quarter close for your customer, you notice that the burden amounts calculated do not seem to be right. Based on the calculations, you notice that the amounts calculated are not considering the burden schedule override at a task level, which was done during the second month of the quarter. What is the reason for this problem?
You have been asked to set up one active person, who is not a team member in the project, as a quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs. The program’s processing summary is as follows: Billing Event Errors 0 Ineligible Contracts 0 Successfully Billing Events Created 0 Ineligible Contract Lines 0 Billing Transaction Exception Errors 0 Ineligible Bill Plans 0 Billing Transaction Exception Warnings 0 Ineligible Associated Projects 0 Successful Billing Transactions 0 Ineligible Expenditure Items 0 Draft Invoice Exception Errors 0 Ineligible Events 0 Draft Invoice Exception Warnings 0 Successful Draft Invoices 0 What was the invoice method classification set to that caused this behavior? (Choose the best answer.)
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?
Your customer wants additional project information for detailed account balance maintenance, reconciliation, and reporting. Identify the configuration in subledger accounting that can be set up to fulfill this requirement. (Choose the best answer.)
A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is: Dr Unbilled Receivables 40,000 Cr Revenue 40,000 At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)
