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NEW QUESTION # 39
You need to set up legal entity currencies and conversions in Dynamics 365 Finance.
You review the hierarchy for consolidation of multiple legal entities.
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-consolidations-currency-translati
NEW QUESTION # 40
You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-
NEW QUESTION # 41
You are implementing Dynamics 365 Finance.
Subledger entries must transfer automatically to the general lender.
You need to configure a hatch transfer rule
Which two options should you select? Each correct answer presents a complete solution NOTE: Each correct selection is worth one point
- A. Batch jobs
- B. Scheduled batch
- C. Asynchronous
- D. Scheduler job
Answer: C
NEW QUESTION # 42
You need to configure recognition.
Which revenue type is associated with the line of business? To answer, drag the appropriate revenue types to the correct lines of business. Each revenue type may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION # 43
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate with import.
Does the solution meet the goal?
- A. Yes
- B. No
Answer: B
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
NEW QUESTION # 44
You need to prevent the issue from reoccurring for User5.
What should you do?
- A. Set up the sampling query type for entertainment expenses.
- B. Set up the aggregate query type for entertainment expenses.
- C. Use the audit list search query type.
- D. Add more keywords to the audit policy.
Answer: D
Explanation:
Explanation/Reference:
Manage budgeting and fixed assets
Question Set 1
NEW QUESTION # 45
A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
1 - Set up main accounts and ledger posting groups for sales tax.
2 - Set up sales tax authorities and sales tax settlement periods
3 - Set up sales tax codes
4 - Set up sales tax groups and item sales tax groups
5 - Set up sales tax parameters on the application parameter pages
NEW QUESTION # 46
You are a Dynamics 365 Finance expert for an organization.
You need to configure the Financial period close workspace.
Which three configuration processes should you use? Each correct answer presents a part of the solution.
NOTE: Each correct selection is worth one point.
- A. Create task areas and descriptions.
- B. Create templates that contain the required tasks within the closing process and assign to closing role.
- C. Create a separate closing schedule for every legal entity.
- D. Designate resources and their scope based on closing roles.
- E. Assign a ledger calendar to the closing process.
Answer: A,B,D
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-period-close-workspace
NEW QUESTION # 47
You are implementing a Dynamics 365 for Finance and Operations General ledger module for a client that has multiple legal entities.
The client has the following requirements:
*Post journal entries for all companies from one legal entity.
*Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.
*Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.
*Set up fixed or variable allocations, and then review the allocations in a journal before posting,
*Automatically post year-end results to account 30016 during year-end close.
You need to configure the system.
Which system capability should you configure? To answer, select the appropriate configuration in the answer area.
Answer:
Explanation:
NEW QUESTION # 48
An organization is upgrading to Dynamics 365 Finance.
One of the organization's legal entities needs to have different main accounts for a period of six months.
You need to configure the legal entity override dates.
Which two actions can you perform? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
- A. Set the value of the override date field at the shared level to be more restrictive.
- B. Set the value of the override date field at the legal level to be less restrictive.
- C. Set the value of the override date field at the legal entity level to be more restrictive.
- D. Set the value of the override date field at the shared level to be less restrictive.
Answer: C,D
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/plan-chart-of-accounts
NEW QUESTION # 49
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION # 50
You are a functional consultant for Contoso Entertainment System USA (USMF).
You plan to settle accounts by receiving cash payments in US currency.
You need to create a cash receipts journal that uses the US dollar currency.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below
Explanation:
Navigate to Finance > Cash Receipt Journals.
Click the +New link to add a new cash receipt journal.
Fill in the required fields including the currency field.
NEW QUESTION # 51
You need to ensure that User9's purchase is appropriately recorded.
Which three steps should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. Enter three purchase order lines, enter quantity of 1.
- B. Select a fixed asset group at the line level.
- C. Set the new fixed asset toggle to yes at the line level.
- D. Enter one purchase order line, enter quantity of 3.
- E. Select a financial dimension at the line level.
Answer: A,B,C
NEW QUESTION # 52
A company needs to create budget plan templates for its budgeting process.
You need to create the budget plan templates.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
NEW QUESTION # 53
A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements:
* Distribute overhead utility expense to each department.
* Define how and in what proportion the source amounts must be distributed on various destination lines.
You need to configure the allocation rule. Which allocation method should you use?
- A. Basis
- B. Equally
- C. Fixed percentage
- D. Fixed weight
Answer: A
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/ledger-allocation-rul
NEW QUESTION # 54
You need to identify why the sales orders where sent to customers.
Which configuration allowed the sales orders to be sent? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct select is worth one point.
Answer:
Explanation:
Explanation:
NEW QUESTION # 55
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below.
* Click General ledger > Reports > Transactions > Trial Balance
* Enter the Start and End dates for the report.
* Click Destinations ... to specify how you want to 'print' the report.
* Select File as the destination.
* Select the Downloads\Trial
* Select Microsoft Excel for the file format.
* Click OK to close the 'Print destination settings' form.
* Click OK to 'print' (save) the report to the selected destination.
NEW QUESTION # 56
You are setting up of the process for an expense report approval in Dynamics 365 for Finance and Operations.
You need to assign permission for each participant in the workflow approval process to perform their tasks.
Which action can each participant perform? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/fin-and-ops/organization-administration/workf
NEW QUESTION # 57
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.
Answer:
Explanation:
1 - Create a category hierarchy
2 - Assign derived financial hierarchy as the category type
3 - Associate the derived financial hierarchy with a legal entity
4 - Create filter rules from the category nodes in the derived financial hierarchy
5 - Create and activate the filters in the derived financial hierarchy
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-financial-hierarchy-public-sector
NEW QUESTION # 58
You need to ensure the promotional gifts are posted to the correct account. What should you use?
- A. Field groups
- B. Item groups
- C. Classification groups
- D. Customer credit groups
- E. Bank groups
Answer: D
NEW QUESTION # 59
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
References:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
NEW QUESTION # 60
You need to ensure accounting entries are transferred from subledgers to general ledgers.
How should you configure the batch transfer rule? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
NEW QUESTION # 61
An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15th of every month in the amount of $450.00.
You need to set up, configure, and process recurring free text invoices for the customers.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-up-process-
NEW QUESTION # 62
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer.
You need to register a transaction for the sale of the machinery by using a free text invoice for fixed assets.
Which transaction type should you use?
- A. Value adjustments
- B. Disposal
- C. Depreciation
- D. Acquisition
Answer: B
Explanation:
Section: Manage budgeting and fixed assets
NEW QUESTION # 63
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