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Microsoft MB3-860 Exam - Cheat-Test.com

Free MB3-860 Sample Questions:

Q: 1
Project Accounting is configured for timesheets for Time and Materials projects to use the accounts assigned to the Employee. What account source is used if no account is specified for an employee?
A. Contract Accounts
B. Cost Category Accounts
C. Posting Accounts Setup
D. Project Accounts
Answer: C

Q: 2
If your cost for miscellaneous logs varies by project and cost category, where should you select to default unit costs from?
A. Budget
B. Cost Category
C. Miscellaneous
D. None
Answer: A

Q: 3
A project fee recognizes revenue for a cost plus/fixed price project during:
A. Billing Entry.
B. Cash Receipts Entry.
C. Project Closing.
D. Revenue Recognition Entry.
Answer: D

Q: 4
You would like to track travel expenses including employee travel time recorded through timesheet entry and airfare costs recorded through employee expense entry. How do you configure Project Accounting?
A. Create a cost category using the Cost Category Maintenance window, and assign it to a transaction usage of miscellaneous log to allow entry of both timesheets and employee expenses
B. Create a cost category using the Cost Category Maintenance window, and assign it to a transaction usage of timesheets and employee expenses
C. Create two cost categories using the Cost Category Maintenance window, each with their own ID, and assign one category a transaction usage of timesheets and assign the other category a transaction usage of employee expenses
D. Create two cost categories using the Cost Category Maintenance window, with the same ID, and assign one category a transaction usage of timesheets and assign the other category a transaction usage of employee expenses
Answer: C

Q: 5
How many times can an employee be included in a single Employee Rate Table?
A. Once
B. Multiple, with different positions
C. Multiple, with different pay codes
D. Multiple with the same pay code, different hourly rates
Answer: C

Q: 6
What is the Project Amount calculated as?
A. Baseline Revenue plus all fees
B. Baseline Revenue plus project and service fees
C. Forecast Revenue plus all fees
D. Forecast Revenue plus project and service fees
Answer: D

Q: 7
What should the status of the budget line item be to edit the baseline budget for a project?
A. Completed
B. Estimate
C. On Hold
D. Open
Answer: B


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