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1. In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice.
After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)
A) The project sends the invoice line description and the invoice distributions to Receivables, but not the invoice header.
B) The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
C) The project sends only the invoice header to Receivables, not the invoice line description and distributions.
D) The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
2. Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business unit.
Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)
A) assignment to one set only; no common values allowed
B) assignment to multiple sets; common values allowed
C) assignment to one set only with common values
D) assignment to multiple sets; no common values allowed
3. As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes in HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers. (Choose the best answer.)
A) Pool Membership
B) Person Type
C) attributes that the project enterprise resources are assigned after creation
D) Jobs
4. Shift is one of the key elements in defining project and resource calendars.
Which two additional key elements are required to define the project and resource calendars? (Choose two.)
A) Schedule Exceptions
B) Accounting Calendar
C) Time off
D) Workday Patterns
E) Expenditure Type
5. You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task 30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)
A) Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
B) Both the contract lines create only a single invoice because they are using the same contract.
C) Two invoices are created using the same contract.
D) Bill set number drives the grouping of transactions.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A,D | Question # 5 Answer: C,D |
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