Django New Project Structure/Name

How do you exactly do this?

You start with: django-admin startproject conf
and then rename the project folder simply to something else?
And then create an app with the name you want?
So it looks like this?
Is renaming the project folder all i have to do, or do i have to change the name also somewhere else?

renamed_project_name /
     config/
           settings.py
            urls.py
     app_you_created/
     manage.py
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