Microsoft MB6-700 Actual Free Exam Questions & Community Discussion

You set up three pay-when-paid (PWP) terms and assign them to the vendors for a project. For the first PWP term,you set the account code for all vendors (All). For the second PWP term,you set the account code for an individual vendor (Table). For the third PWP term,you set the account code for a group of vendors (Group).
What is the order of precedence for assigning the PWP terms when you create a project purchase order?

Which statement about the customer advance feature is true?

You enter and post a vendor invoice. You do not know to which project to allocate the expenses.
You need to ensure that the vendor invoice will be posted with basic information and transferred to an invoice pool for approval.
Which method of managing incoming invoices should you use?

Why would you create an estimate?

An internal project that includes work in process (WIP) is completed. You need to ensure that the costs posted to the balance accounts from hour,expense,and item transactions are moved back to profit and loss accounts. Which form should you use to move the costs?

Which statement about funding sources is true?

Which two items are determined by the cost templates for advanced fixed-price projects? (Each correct answer presents part of the solution. Choose two.)

You set up project management and accounting validation parameters. You need to accept valid options that are not defined in the respective validation groups.
Which option should you select for the project/category combination?