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C_TS412_2021 · Question #31

Which objects can be used to specify settlement rules? Note: There are 2 correct answers to this question?

The correct answer is B. Network header for activity-account-assigned networks C. WBS elements. The objects that can be used to specify settlement rules are network header for activity-account- assigned networks and WBS elements. A settlement rule is a parameter that defines how the actual costs incurred for a project object are allocated, in whole or in part, to one or…

Costs and Revenues in Project Systems

Question

Which objects can be used to specify settlement rules? Note: There are 2 correct answers to this question?

Options

  • AStandard WBS elements
  • BNetwork header for activity-account-assigned networks
  • CWBS elements
  • DNetwork activity for activity-account-assigned networks

How the community answered

(28 responses)
  • A
    4% (1)
  • B
    93% (26)
  • D
    4% (1)

Explanation

The objects that can be used to specify settlement rules are network header for activity-account- assigned networks and WBS elements. A settlement rule is a parameter that defines how the actual costs incurred for a project object are allocated, in whole or in part, to one or more receivers. A settlement rule contains various attributes, such as the receiver type, the receiver number, the settlement percentage, and so on. The objects that can be used to specify settlement rules are: Network header for activity-account-assigned networks: A network header is a structural element of a network that contains general data and settings for a network, such as its order type, number range, scheduling parameters, and so on. A network header for activity-account-assigned networks means that the network has its activities assigned to different account assignments, such as cost centers, orders, or sales orders. A network header for activity-account-assigned networks can be used to specify a settlement rule for settling the costs of the network to one or more receivers. WBS elements: A WBS element is a structural element of a project that represents a deliverable or a work package within a project. A WBS element can have various attributes, such as dates, costs, revenues, budgets, and so on. A WBS element can be used to specify a settlement rule for settling the costs of the WBS element to one or more receivers.

Topics

#settlement rules#WBS elements#network header#account assignment

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