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A client uses the standard trial balance in Dynamics 365 Finance.The client has the following requirements:ability to run the trial balance by main account, department, and divisionability to run the trial balance by just main account and departmentYou need to ensure that these options are visible in the trial balance report parameters.What should you configure?
A company uses Dynamics 365 Finance to manage budgets.You need to reallocate funds during the year.Which budget code should you use?
An organization acquires a building. You need to register-and record the building as an asset building in Dynamics 365 Finance and Operations. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.
You are a Dynamics 365 Finance consultant.You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system.You need to resolve the issue.What should you configure?D18912E1457D5D1DDCBD40AB3BF70D5D
You are a functional consultant for Contoso Entertainment System USA (USMF).USMF plans to implement a new manufacturing department that will be based in Australia.You need to create a draft account structure for the new department. The account structure must use the same account structure as a department named Manufacturing India and be named Manufacturing Australia.To complete this task, sign in to the Dynamics 365 portal.See explanation below.
You are configuring budgeting components in Dynamics 365 for Finance and Operations.You need to configure multiple budgets.What are three budgeting options you can use? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.
Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan 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, thesequestions will not appear in the review screen.A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of officefurniture.You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.Solution: Configure a posting definition for purchase orders.Does the solution meet the goal?
A client wants Dynamics 365 Finance to calculate sales tax on a sales order line once an item is added. Thesales tax group is already populated with a value.You need to ensure that the sales tax will calculate.Which field should you populate?
You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor. Which tasks can this vendor perform?
You are the controller for an organization. The company purchased six service trucks. You observe that youraccountant set up Fixed assets – vehicles in the wrong fixed asset group.You need to achieve the following:Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset arecanceled and regenerated for the new fixed asset.Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any informationthat was set up for the original fixed asset is copied to the new fixed asset.Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in thenew fixed assets group.Ensure that the historical transactions are transferred to the new fixed asset.Ensure Historical Depreciation expense entries do not change.What should you do?
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 Finance. All companies and data reside in Dynamics 365 FinanceThe client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Dynamics 365 Finance instead. You need to configure the system and correctly perform eliminations. Solution: Select Consolidate online in Dynamics 365 Finance. Include eliminations during the process or as a proposal. Set up the transactions to post in the legal entity configured for consolidations. Does the solution meet the goal?
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 company is preparing to complete yearly budgets.The company plans to use the Budget module in Dynamics 365 Finance for budget management.You need to create the new budgets.What should you do?
Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the futureYou need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.What should you do?
Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan 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, thesequestions will not appear in the review screen.A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365Finance. The departments and divisions are set up as financial dimensions.The client has the following requirements:Only expense accounts require dimensions posted with the transactions.Users must not have the option to select dimensions for a balance sheet account.You need to configure the ledger to show applicable financial dimensions based on the main account selectedin journal entry.Solution: Configure two account structures: one for expense accounts and include applicable dimensions, andone for balance sheet and exclude financial dimensions.Does the solution meet the goal?
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 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 client has unique accounting needs that sometimes require posting definitions.You need to implement posting definitions.In which situation should you implement posting definitions?
A company is preparing to complete a year-end close process.You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which threeconfigurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their5,000 stocked items from a specific vendor.The client requires the ability to have items that require only two-way matching and specific items that requirethree-way matching.You need to configure the system in the most efficient manner to achieve these requirements.What should you do?
You are a functional consultant for a legal entity named Contoso Group (GLCO).You plan to sell new products that will increase in quality over time.You need to implement a solution that uses the Last in, First out (LIFO) inventory model for GLCO.To complete this task, sign in to the Dynamics 365 portal.See explanation below.
An organization plans to set up intercompany accounting between legal entities within the organization.Automatic transactions between legal entities must meet the following requirements:Provides systemwide integration and streamlining to save timeMinimizes errors and create an audit trail with full visibility into business activities and transaction histories within the legal entitiesYou need to set up intercompany accounting and create pairs of legal entities that can transact with each other,clearly defining the originating company and the destination company.Which three actions should you perform? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.
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 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: Set up Elimination rules in the system. Then, run an elimination proposal. Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup.Does the solution meet the goal?
After you answer a question in this section, you will NOT be able to return to it As a result, these questionswill not appear in the review screen.A company is preparing to complete yearly budgets.The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budgetmanagementYou need to create the new budgets.Solution: Create budget plans for multiple scenarios.Does the solution meet the goal?
You are a finance consultant. Your client needs you to configure cash flow forecasting.The client wants specific percentages of main accounts to contribute to different cash flow forecasts for other main accounts.You need to configure Dynamics 365 for Finance to meet the needs of the client.What should you do?
You are a functional consultant for Contoso Entertainment System USA (USMF).You need to apply a constant currency exchange rate to calculate the reporting currency value of fixed assets.To complete this task, sign in to the Dynamics 365 portal.See explanation below.
A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.You need to configure the client's system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:• Include the main account and all four dimensions.• Include the main account and only the business unit and cost center dimensions.What should you configure?
You are configuring account structures and advanced rules in Dynamics 365 Finance.All balance sheet accounts require Business Unit and Department dimensions.The Shareholder distribution account requires an additional dimension for Principal.You need to set up the account structures.What are two possible ways to achieve the goal? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.
Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan 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, thesequestions will not appear in the review screen.A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365Finance. The departments and divisions are set up as financial dimensions.The client has the following requirements:Only expense accounts require dimensions posted with the transactions.Users must not have the option to select dimensions for a balance sheet account.You need to configure the ledger to show applicable financial dimensions based on the main account selectedin journal entry.Solution: Configure default financial dimensions on expense accounts only.Does the solution meet the goal?
D18912E1457D5D1DDCBD40AB3BF70D5DA customer uses the sales tax functionality in Dynamics 365 Finance.The customer reports that when a sales order is created, sales tax does not calculate on the line.You need to determine why sales tax is not calculated.What are two possible reasons? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point
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.See explanation below.
You are a functional consultant for Contoso Entertainment System USA (USMF).You need to automate the allocation of a prepaid expense of 2 percent of all product sales. The allocation must be posted to account number 222222.To complete this task, sign in to the Dynamics 365 portal.See explanation below.
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. You are configuring the year-end setup in Dynamics 365 for Finance and Operations.You need to configure the year-end setup to meet the following requirements:The accounting adjustments that are received in the first quarter must be able to be posted in to theprevious year’s Period 13.The fiscal year closing can be run again, but only the most recent closing entry will remain in thetransactions.All dimensions from profit and loss must carry over into the retained earnings.All future and previous periods must have an On Hold status.Solution:Configure General ledger parameters.- Set the Delete close of year transactions option to Yes.- Set the Create closing transactions during transfer option to Yes.- Set the Fiscal year status to permanently closed option to No.Define the Year-end close template.- Designate a retained earnings main account for each legal entity.- Set the Financial dimensions will be used on the Opening transactions option to No.- Set the Transfer profit and loss dimensions’ option to Close All.Set future Ledger periods to a status of On Hold.Does the solution meet the goal?
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and datareside 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: Create a separate company in which you manually create the eliminations. Then, use that companyin Financial reporting or in the consolidation process.Does the solution meet the goal?
You are a functional consultant for Contoso Entertainment System USA (USMF).You need to implement a quarterly accruals scheme for USMF. The accrual scheme settings must match thesettings of the monthly and annual accrual schemes.To complete this task, sign in to the Dynamics 365 portal.See explanation below.
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 company is preparing to complete yearly budgets.The company plans to use-pie Budget module in Dynamics 365 for Finance and Operations for budget managementYou need to create the new budgets.Solution: Create budget plans to define the revenues for a budgetDoes the solution meet the goal?
A company configures budget controls at the beginning of the year.Which three budget control transaction actions occur when the budget control is turned off mid-year. Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.
You are the controller for an organization. The company purchased six service trucks. You observe that youraccountant set up Fixed assets - vehicles in the wrong fixed asset group.You need to achieve the following;• Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset arecanceled and regenerated for the new fixed asset.• Ensure that all value models for the existing fixed asset are created for the new fixed asset Any informationthat was set up for the original fixed asset is copied to the new fixed asset.• Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the newfixed assets group.What should you do?
A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 for Finance and Operations for cash settlements. What should you do?
A client uses Dynamics 365 for Finance and Operations for accounts receivable.You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.Which item should you set up as mandatory?
Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan 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, thesequestions will not appear in the review screen.A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of officefurniture.You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.Solution: Set up posting definitions for purchase requisitions.Does the solution meet the goal?
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