Question 1

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:What will be the accounting entry when you reclassify the billing offset balances in the first period?

Options :

A : Dr Deferred Revenue 10000Cr Unbilled Receivables 10000

B : Dr Accounts Receivables 10000Cr Unbilled Receivables 10000

C : Dr Unbilled Receivables 10000Cr Accounts Receivables 10000

D : Dr Accounts Receivables 10000Cr Revenue 10000

Answer: C

Question 2

Which five steps are required for the File-Based Data Import Integration option?

Options :

A : Run Process to transfer data to interface tables.

B : Install an Excel add-in.

C : Upload the file to the server.

D : Download an Excel template.

E : Populate the spreadsheet with data and generate a CSV file.

F : Import data into various applications.

G : Validate the sheet using the Validate option.

Answer: A,B,C,D

Question 3

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.)

Options :

A : Accounting Method

B : Journal Rules

C : Supporting References

D : Accounting Rule

E : Mapping Sets

Answer: C

Question 4

When implementing Project Performance Reporting, your customer has the following requirements:Every time a project cost is greater than or equal to a threshold, then the project should be shown ascritical.As long as a project cost is less than the threshold, the project should be shown as on-track.Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

Options :

A : multiple threshold levels

B : single threshold level value

C : single threshold level range

D : multiple threshold level value

Answer: B

Question 5

Select two correct statements about project classifications on a template. (Choose two.)

Options :

A : Set Code is not required for a project class category in a project classification.

B : Project Classification is a mandatory field on a project template.

C : When a project is created from a template, the required project classifications must be entered.

D : Project class category in a project classification must be associated with a Set Code.

Answer: A,C

Smartly Prepare Exam with Free Online 1D0-1057-25-D Practice Test

Buying Options: