The Effort Expended accounting method recognizes revenue:
Answer : C
- when you post a cost transaction.
- on a percentage complete basis calculated on project costs.
- on a percentage complete basis calculated on quantity of units.
- on a percentage complete basis calculated on quantity of labor hours only.
Payables Management can be updated with Project Accounting transactions posted from which of the following windows? Choose the 2 that apply.
Answer : A, D
- Employee Expense Entry
- Inventory Transfer Entry
- Purchase Order Entry
- Returns from Project Entry
How many times can an employee be included in a single Employee Rate Table?
Answer : C
- Multiple, with different positions
- Multiple, with different pay codes
- Multiple with the same pay code, different hourly rates
Depending on your setup, what can be entered for the reporting period when creating a miscellaneous log transaction? Choose the 2 that apply.
Answer : C, D
- End date of the reporting period
- Frequency of the reporting period
- Number of the reporting period
- Start date of the reporting period
A prebilling report can provide:
Answer : BDownload more MB3-860 sample questions from above download links.
- a list of open projects only.
- a list of costs to be billed.
- a list of projects with costs in the current period.
- a summary of actual costs versus budget.
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