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Exam : MBS MB4-536
Title : SL 7.0 Project Series.


1. The Contract Type field in Project Maintenance is used for which of the following?
A. The field is informational only.
B. The AR Invoice Interface.
C. Allocation Processor
D. Project Budgeting
Answer: B

2. At what level(s) are Project Budgets and EACs created?
A. By General Ledger account.
B. At the Project level.
C. For an Account Category within a Task within a Project.
D. For a Task only within a Project.
Answer: C

3. Identify the field most commonly used for selection when defining reports in Flexible Report Column Maintenance.
A. Flexible Key
B. Project
C. General Ledger Account
D. Account Category
Answer: D

4. Which of the following best describe how Project Charge Entry batches post when they are released?
A. Units and Amounts to Projects.
B. Debits and Credits to Projects.
C. Debits and Credits to the General Ledger.
D. Units and Amounts to Projects and Debits and Credits to the General Ledger.
Answer: A

5. Which of the following best describes the logic between Budget and EAC?
A. Budgets are fixed amounts and EAC is an adjustable amount; once Budgets are entered they cannot be changed.
B. Budget amounts and units are used in the Revenue Recognition process.
C. EAC amounts and units are revised budget amounts used in the Revenue Recognition process.
D. EAC amounts are used for project charge entries.
Answer: C

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