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NEW QUESTION: 1
You are using both Procurement and Financials. You want the system to automatically accrue uninvoiced
receipts. Select two true statements.
A. For period end accruals, accounting is created at material receipt or at delivery to a final destination.
B. For period end accruals, the invoice accounting debits the expense account and credits the liability
account.
C. For perpetual accruals, the invoice accounting debits the accrual account and credits the liability
account.
D. For period end accruals, the invoice accounting for inventory items debits receipt inventory and credits
the uninvoiced receipts.
Answer: B,C

NEW QUESTION: 2
You are the program manager of the HNG Program. This program has a budget at completion of $2,345,900 and is expected to last two years. The program is currently 30 percent complete and you have spent
$789,000. The program is supposed to be 35 percent complete but do to some delays you're slightly behind schedule. Based on this information, what is the schedule variance (SV) of this program?
A. -$85,230
B. -$117,295
C. -$284,100
D. $821,065
Answer: B