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MD365/MB310/2
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MD365/MB310/2 Description: MD365/MB310/2 Auteur: NOUR AUTRES TESTS DE L'AUTEUR Date de création: 25/03/2024 Catégorie: Informatique Questions numériques : 83 |
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You have implemented Dynamics 365 Finance.
You must update the fiscal year to a 4-4-5 quarterly configuration.
You need to configure the fiscal year.
What should you do? A. Set up the length of the period to 1 year and divide the period according to the quarterly configuration. B. Configure the period length to 12 months and adjust the ending date of each period. C. Configure the period length to 1 year and adjust the ending date of each period. D. Set up the length of the period to 13 months. The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review. You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller s needs. Which functionality should you configure? A. an Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name B. an alert that is sent to the controller when a journal name is created C. a Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger journal name D. signing limit policies with the controller when a journal name is created. 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 wants general journals to be used only to post ledger-type transactions. You need to set up journal configuration to achieve the requirement. Solution: Set up posting restrictions on the general journal. Does the solution meet the goal? A. Yes B. No. You are implementing Dynamics 365 Finance. You need to enable electronic fund transfers (EFT) for vendors. Which three steps must you complete? Each correct answer presents pail of the solution. NOTE: Each correct selection is worth one point. A. Enable the EFT format as a method of payment within Accounts payable. B. Import a new Electronic reporting (ER) configuration into Lifecycle Services (LCS). C. Import the X++ file format. D. Import the payment model into the Electronic reporting (ER) repository. E. Export Electronic reporting (ER) configuration from Lifecycle Services (LCS). The JAX sales tax group include the following tax codes: • Jacksonville • Duval CT • FL • FL Special 1 • FL Special 2 • FL Special 3 • FL Special 5 The default item sales tax group includes the following tax codes: • Jacksonville • Duval CT • FL • FL Special 1 • FL Special 2 • FL Special 3 • FL Special 4 • Lake Worth • Palm Beach CT You assign the JAX sales tax group as the sales tax group, and default item sales tax group on the sales order. You need to select the tax code used for tax calculation on the sales order. What should you choose? A. Jacksonville - Duval CT - FL - FL Special 1 - FL Special 2 - FL Special 3 - FL Special 4 - Lake Worth - Palm Beach CT B. Jacksonville - Duval CT - FL - FL Special 2 - FL Special 3 - FL Special 5 C. Jacksonville - Duval CT - FL - FL Special 1 - FL Special 2 - FL Special 3 D. Jacksonville - Duval CT - FL - FL Special 1 - FL Special 2 - FL Special 3 - FL Special 5. A United States-based company uses Dynamics 365 Finance to collect and report sales tax. The company has a main account for each state where they collect and report sales tax. The system must transfer the tax liability for each state to their respective main account automatically every month when they run the settle and post sales tax process. You need to configure Dynamics 365 Finance. What should you do? A. Create a sales tax settlement period for each state. B. Select a vendor account during the sales tax group setup. C. Create a sales tax ledger posting group for each state. Associate a settlement account to a main account for vendor accounts in the vendor posting profile. D. Create a sales tax authority for each state and associate the authority with the respective main account. A company uses Microsoft Dynamics 365 Finance. The system displays the following error when you try to acquire a fixed asset: Account for the transaction type, value model, does not exist for fixed asset ASSET-001. You need to resolve the error. What should you do? A. Link a main account to the asset group book. B. Create a main account for the acquisition transaction type. C. Enter a main account in the fixed asset posting profiles for the acquisition. D. Complete the offset account in the journal for the acquisition. Case study - This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided. To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study. At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section. To start the case study - To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question. Background - First Up Consultants is a global engineering and consulting organization based in Atlanta. The organization assists customers with various implementation projects. The organization provides both consulting services and custom software development. First Up Consultants was recently acquired by a Canadian engineering firm that uses Dynamics 365 Finance. The firm requires First Up Consultants to transition to the solution by 2022. First Up Consultants employs consultants that travel globally, which requires extensive expense management capabilities. First Up Consultants offers software as a service (SaaS) products to customers by using monthly and quarterly subscriptions. Current environment. Travel and expense The company is currently in Phase 2 of their Dynamics 365 Finance implementation. • Consultants submit all travel receipts by using inter-office mail to the team admin for processing, but First Up Consultants wants to modernize this experience. • Expense reports are manually approved and signed by the employee’s manager. Current environment. Finance - • First Up Consultants operates on a 4-5-4 calendar. • Accounting for revenue has been difficult with the SaaS offerings. This has led to implementing Dynamics 365 Finance Revenue recognition. • Revenue recognition has been live for 3 months. • Adatum Corporation pays quarterly for use of the First Up Consultants web design application, starting from the day of use. • Fourth Coffee pays monthly for use of the First Up Consultants photograph editing application with a contract starting August 1 and payment starting September 1. • Adventure Works Cycles pays per use of the First Up Consultant video platform. • A blocking rule is set up to prevent a sales order from processing if a customer exceeds a credit limit. • Customer credit is set up at the account level for VanArsdel, Ltd. • Tailspin Toys is owned by Wingtip Toys. The companies have a credit limit of $60.000 and $100,000, respectively. Current environment. Revenue allocation The company reports the following revenue allocation percentages: PIC HERE!!!!!!!!!!! Current environment. Tax - VAT tax recovery is required for eligible international business trip expenses. Bank reconciliation is manual and performed by using monthly mailed account statements. The company collects sales taxes from the following states: Requirements - Travel and expense - • First Up Consultants requires that employees start using corporate cards for all travel expenses. • All expenses over $50 require a receipt. • Beer cannot be expensed. • Employees may use the corporate card for personal expenses during work travel, but expenses must be categorized correctly. • Client entertainment expenses totaling more than $250 must be audited. • Employees require a mobile expense experience. • Expense report entries must be validated when a transaction line is entered. • Employees require the ability to capture receipts by using a mobile device. • First Up Consultants requires the ability to reimburse employees in their paychecks for expenses incurred on personal cards. Financials - • A virtual thirteenth month is required for year-end transactions. • Each day, a validation file must go to First Up Consultants bank detailing all vendor checks paid. • Except fees, all matched transactions must clear automatically during bank reconciliation. • The accounts payable team must verify expense reports prior to posting. • Only payables are allowed to be posted to a prior period up to seven days into the new period. Issues - • User1 installed the Expense Management Service add-in and implemented the auto-match and create expense from receipt features, but the receipt images do not match the corporate card transactions. • Employee1 submits an expense report for a business trip to Europe, but the report is not visible on the expense tax recovery page. • Employees provided feedback that the system lets them know of an expense report policy violation only after the entire expense report is submitted. • Members of the finance department observe sales orders that posted into a closed period. • The finance team observed that for sales order invoice 1234, the price incorrectly posts to a revenue account when it should be deferring. • Employee2 purchased supplies for a holiday party and needs to be reimbursed. • A customer orders software licenses for the offices in Tennessee and Alabama. • Expense reports for unapproved items are posting. • VanArsdel, Ltd. exceeded its credit limit but the sales order was processed. • Tailspin Toys purchases $70,000 in custom software development. You need to address the posting of sales orders to a closed period. What should you do? A. Permanently close the period for all modules. B. Use a ledger calendar to update period status. C. Permanently close the fiscal year. D. Use a ledger calendar to update module access. E. Divide the period. A company plans to implement Dynamics 365 Finance. The company manages a high volume of customers. The finance team wants to enable the following capabilities for each set of customers: • Create sales budgets. • Generate trade statistics such as weekly sales. • Define ledger posting. • Define terms of payment. You need to select functionality that defines clusters of customers. Which configuration should you select? A. Customer groups B. Customer payment terms C. Customer posting profiles D. Customer sales agreements. The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review. You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller s needs. Which functionality should you configure? A. the controller’s security role so that he has approval privileges for General ledger journals B. an Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name C. a Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger journal name D. a manual journal approval with the journal assigned to the user group that the employees are assigned to. A company has many customers who are not paying invoices on time. You need to use the collection letter functionality to manage customer delinquencies. What are two possible ways to achieve the goal? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Cancel the collection letters after they are created and posted. B. Print all of the collection letters. C. Delete the collection letters after posting when an error occurs. D. Post the collection letters. A company plans to allocate revenue across occurrences by using recognition basis. Which recognition basis can you use? A. Mid-month split B. Revenue schedule C. Actual start date D. Monthly. A company signs a four-year contract for an IT support project. The manager wants to know how the revenue amounts will be allocated across the four-year period. You need to implement a revenue schedule to determine the revenue amounts for each month. Which setup should you use? A. 60 months B. 48 months C. 4 years D. 4 months. A company plans to allocate revenue across occurrences by using recognition basis. Which recognition basis can you use? A. Median price B. Revenue schedule C. First of next month D. Monthly. You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank. You must prevent the bank account from going below the defined credit limit when a transaction is posted. You need to configure the bank account credit limit. What should you do? A. Add גˆ’$100,000 in the bank credit limit. B. Add $100,000 in the bank credit limit. C. Define a credit limit of $100,000 on the invoicing vendor account D. Set the Control Balance option to credit in the General ledger account associated with the bank account. A client uses Dynamics 365 Finance for accounts receivable. You need to ensure that accounts receivable clerks add the wire number for electronic payments. Which item should you set up as mandatory in the method of payment? A. bank transaction type B. payment ID C. payment reference D. deposit slip. A cable and internet company implements Dynamics 365 Finance. The primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost. You need to configure revenue recognition. What should you configure? A. Create a revenue schedule for the internet service, router, and modem. B. Configure the internet service as essential. C. Configure the internet service, router, and modem as essential. D. Create the router and modem sales to post to deferred revenue. A company uses Microsoft Dynamics 365 Finance. You create revenue allocation schedules for items. You need to link a revenue allocation schedule to an item. Which two pages should you use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Item group B. Revenue allocation journal C. Released item D. Item posting profile E. Charges group. 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 managing credit and collections. You need to set up mandatory credit limits for all customer documents. Solution: Define a credit limit for each customer and select the Mandatory credit limit check box on the Customers form. Does the solution meet the goal? A. Yes B. No. 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 managing credit and collections. You need to set up mandatory credit limits for all customer documents. Solution: Select the Balance + packing slip credit type in the Accounts receivable parameters form. Select the Mandatory credit limit check box in the Customers form. Does the solution meet the goal? A. Yes B. No. 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 managing credit and collections. You need to set up mandatory credit limits for all customer documents. Solution: Select the Balance + All credit type in the Accounts receivable parameters form. Select the Mandatory credit limit check box in the Customers form. Does the solution meet the goal? A. Yes B. No. A company uses Microsoft Dynamics 365 Finance to manage customer support contracts. You need to validate a revenue recognition schedule for a customer. In which two pages can you view the revenue recognition schedule? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point A. the revenue schedules details B. an invoiced sales order C. the revenue schedules D. an invoiced purchase order E. the revenue recognition schedule. A company manufactures and installs air filtering units for industrial manufacturing plants. The air filtering units are manufactured to order. The company realized the value of the sales in the following manner: • 25 percent at the time of the sale • 50 percent when the unit is shipped • 25 percent when the unit is installed Additionally, a three-year warranty is sold with each unit. Revenue for the warranty is recognized equally in each year the warranty covers. You need to configure revenue recognition. What should you do? A. Create one revenue schedule with milestones. B. Create a new revenue schedule for each unit. C. Create a reallocation posting for the warranty revenue. D. Create the revenue schedule so that it uses the contract terms. You are configuring revenue recognition reallocation processing in Microsoft Dynamics 365 Finance. You must recalculate revenue prices when the contract terms for a sale change. What are three characteristics of the revenue recognition reallocation process? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point A. The revenue recognition reallocation process cannot be run on project sales orders. B. The revenue recognition reallocation process can be reversed after it is run. C. You can run the revenue recognition reallocation process multiple times. D. It multiple sales orders are involved, all sales orders must be for the same customer account. E. The revenue recognition reallocation process can be run for sales orders with different transaction currencies. F. The revenue recognition reallocation process can only be run one time. All changes must be finalized. A customer implements Dynamics 365 Finance and wants to use the recurring invoice feature for accounts receivable. The recurring invoice template includes the start date and frequency. However, when the Generate recurring invoices job processes, invoices are not created despite the criteria being met. You need to ensure that invoices are generated. What should you do? A. Assign an invoice template to a customer on the invoice tab of the customer record. B. Set the maximum billing amount on the recurring invoke template. C. Associate a customer to the invoice template on the invoice template form. D. Assign an invoice template to the customer posting profile. A company plans to allocate revenue across occurrences by using recognition basis. Which recognition basis can you use? A. Actual start date B. Mid-month split C. First of month D. Monthly by dates. A company uses the credit and collections features of Dynamics 365 Finance to track invoices and incoming payments from customers. You need to configure the automatic collection task. Which two options should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Posting profiles B. Aging period definitions C. Process hierarchy D. Quiet days. A company plans to allocate revenue across occurrences by using recognition basis. Which recognition basis can you use? A. Mid-month split B. First of month C. Monthly by days D. First of next month. QUESTION NO: 86 - You are setting up the Accounts payable module and vendor invoice policies for an organization. You need to set up vendor invoice policies that run when vendor invoices are posted in the system. In which two ways can you set up the policies? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Set up invoice matching validation for vendor invoice policy. B. Configure the vendor invoice workflow to run the policies. C. Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page. D. Apply the policies to invoices that were created in the invoice register or invoice journal. A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor. The client requires the ability to have items that require only two-way matching and specific items that require three-way matching. You need to configure the system in the most efficient manner to achieve these requirements. What should you do? A. Configure a company matching policy of a three-way match B. Configure a company matching policy of non-required and specify the items that require a three-way match C. Configure a company matching policy of two-way matching and set the matching policy for specific item and vendor combination level to three-way matching D. Configure a company matching policy of two-way matching and specify the items that require a three-way match E. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match . 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 customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture. You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed. Solution: Configure item posting groups for purchase requisitions. Does the solution meet the goal? A. Yes B. No. 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? A. Activate or inactivate the association between a contact person and a vendor account. B. Delete any contact person that they have created. C. View and modify contact person information, such as the person's title, email address, and telephone number. D. View consignment inventory. You are configuring the Accounts payable module for a company. The company needs to set a limit on the charges they will pay for specific items. You need to set up the limit for charges. Which two actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Enable invoice matching validation in the Accounts payable parameters B. Enter the maximum amount when you set up the charges code C. Use budget control with the specified charges code D. Set the maximum charge amount in the Accounts payable parameters E. Define the maximum charge amount on the vendor record. 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? A. Request a new user account for a contact person by using the Provision user action. B. Maintain vendor collaboration invoices. C. Delete any contact person that they have created. D. View and modify contact person information, such as the person's title, email address, and telephone number. 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 task can this vendor perform? A. View consignment inventory. B. Add a new or existing contact person to the vendor accounts that they are a contact for. C. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account. D. View and modify contact person information, such as the person's title, email address, and telephone number. You are implementing Dynamics 365 Finance. You configure an invoice validation policy to use three-way matching and use a three percent tolerance for invoice totals. A user enters a vendor invoice journal. The invoice validation policy is not applied. You need to troubleshoot the policy. What is the issue with the policy? A. Validation is only performed on vendor invoice entries. B. The tolerance percentage is too high. C. Validation is only performed on invoice register entries. D. Validation is configured to check for price and quantity. A company uses Dynamics 365 Finance to manage billing and expenses for projects. Team members complete expense reports and submit the expense reports to a project manager for approval. Each expense report must contain expense lines for one project only. Expense reports that are submitted without a project specified must be rejected. You need to configure an expense report approval workflow. Which three actions should you take? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Create an expenditure reviewers' group in Expense management. B. Create a user group for project managers and add all project managers to the group. C. Create an expense report workflow. D. Set up a condition to run an approval step only if the expense report has a project specified. Set the workflow assignment to Expenditure reviewers. E. Set up an automatic action to reject expense report lines that do not have projects specified. Set the workflow assignment to Expenditure reviewers. A company implements Dynamics 365 Finance. The company uses a third party to provide support services. You need to configure a payment method to allow the company to reimburse any expenses reported by the third-party service provider. Which two methods should you use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Vendor B. Bank C. Worker D. Ledger. 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 task can this vendor perform? A. View consignment inventory. B. Add a new or existing contact person to the vendor accounts that they are a contact for. C. Deny or allow a contact person’s access to documents on the vendor collaboration interface that are specific to the vendor account. D. Delete any contact person that they have created. A company uses expense management in Dynamics 365 Finance. The company has two legal entities. CompanyA reimburses employees for travel-related expenses. CompanyB plans to reimburse remote employees monthly for travel-related expenses. All employees are required to complete expense reports. You need to configure the expense type that can be used for both companies. Which expense type category should you use? A. Case B. Shared C. Project D. Procurement. Case study - This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided. To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study. At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section. To start the case study - To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question. Background - First Up Consultants is a global engineering and consulting organization based in Atlanta. The organization assists customers with various implementation projects. The organization provides both consulting services and custom software development. First Up Consultants was recently acquired by a Canadian engineering firm that uses Dynamics 365 Finance. The firm requires First Up Consultants to transition to the solution by 2022. First Up Consultants employs consultants that travel globally, which requires extensive expense management capabilities. First Up Consultants offers software as a service (SaaS) products to customers by using monthly and quarterly subscriptions. Current environment. Travel and expense The company is currently in Phase 2 of their Dynamics 365 Finance implementation. • Consultants submit all travel receipts by using inter-office mail to the team admin for processing, but First Up Consultants wants to modernize this experience. • Expense reports are manually approved and signed by the employee’s manager. Current environment. Finance - • First Up Consultants operates on a 4-5-4 calendar. • Accounting for revenue has been difficult with the SaaS offerings. This has led to implementing Dynamics 365 Finance Revenue recognition. • Revenue recognition has been live for 3 months. • Adatum Corporation pays quarterly for use of the First Up Consultants web design application, starting from the day of use. • Fourth Coffee pays monthly for use of the First Up Consultants photograph editing application with a contract starting August 1 and payment starting September 1. • Adventure Works Cycles pays per use of the First Up Consultant video platform. • A blocking rule is set up to prevent a sales order from processing if a customer exceeds a credit limit. • Customer credit is set up at the account level for VanArsdel, Ltd. • Tailspin Toys is owned by Wingtip Toys. The companies have a credit limit of $60.000 and $100,000, respectively. Current environment. Revenue allocation The company reports the following revenue allocation percentages: PIC HERE !!!! Current environment. Tax - VAT tax recovery is required for eligible international business trip expenses. Bank reconciliation is manual and performed by using monthly mailed account statements. The company collects sales taxes from the following states: Requirements - Travel and expense - • First Up Consultants requires that employees start using corporate cards for all travel expenses. • All expenses over $50 require a receipt. • Beer cannot be expensed. • Employees may use the corporate card for personal expenses during work travel, but expenses must be categorized correctly. • Client entertainment expenses totaling more than $250 must be audited. • Employees require a mobile expense experience. • Expense report entries must be validated when a transaction line is entered. • Employees require the ability to capture receipts by using a mobile device. • First Up Consultants requires the ability to reimburse employees in their paychecks for expenses incurred on personal cards. Financials - • A virtual thirteenth month is required for year-end transactions. • Each day, a validation file must go to First Up Consultants bank detailing all vendor checks paid. • Except fees, all matched transactions must clear automatically during bank reconciliation. • The accounts payable team must verify expense reports prior to posting. • Only payables are allowed to be posted to a prior period up to seven days into the new period. Issues - • User1 installed the Expense Management Service add-in and implemented the auto-match and create expense from receipt features, but the receipt images do not match the corporate card transactions. • Employee1 submits an expense report for a business trip to Europe, but the report is not visible on the expense tax recovery page. • Employees provided feedback that the system lets them know of an expense report policy violation only after the entire expense report is submitted. • Members of the finance department observe sales orders that posted into a closed period. • The finance team observed that for sales order invoice 1234, the price incorrectly posts to a revenue account when it should be deferring. • Employee2 purchased supplies for a holiday party and needs to be reimbursed. • A customer orders software licenses for the offices in Tennessee and Alabama. • Expense reports for unapproved items are posting. • VanArsdel, Ltd. exceeded its credit limit but the sales order was processed. • Tailspin Toys purchases $70,000 in custom software development. You need to address the employees issue regarding expense report policy violations. Which parameter should you use? A. Validate expense purpose B. Evaluate expense management policies C. Policy rule type D. Pre-authorization of travel is mandatory. 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 task can this vendor perform? A. Delete any contact person that they have created. B. Activate or inactivate the association between a contact person and a vendor account. C. Add a new or existing contact person to the vendor accounts that they are a contact for. D. View consignment inventory. 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 manage a Dynamics 365 Finance implementation. You must provide the budget versus actual reporting in near real time. You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget. Solution: Select organization hierarchy from the Configure my workspace form. Set an expense budget threshold percent. Does the solution meet the goal? A. Yes B. No. 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 manage a Dynamics 365 Finance implementation. You must provide the budget versus actual reporting in near real time. You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget. Solution: Configure an expense dimension set, expense budget threshold, revenue dimension set, and revenue budget threshold percent field values on the Configure my workspace form. Does the solution meet the goal? A. Yes B. No. 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 manage a Dynamics 365 Finance implementation. You must provide the budget versus actual reporting in near real time. You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget. Solution: Define a budget model. Set active forecasting process to the current year forecast. Does the solution meet the goal? A. Yes B. No. You are configuring Dynamics 365 Finance. Transactions are being approved for all sales transactions. This configuration results in numerous fraudulent transactions. The payment provider requires verification of the following information in order to authorize transactions: • account holder name • billing address • postal code You need to configure the system to only approve transactions with a verified address. Which option should you select for credit card authorization? A. Postal code B. Billing address C. Always accept transaction D. Account holder. 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 company uses Dynamics 365 Finance. The customer payment journal must only be available for selection by the accounts receivable user group. You need to configure the accounts receivable journal name to meet the requirement. Solution: Configure the journal control. Does the solution meet the goal? A. Yes B. No. 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 company uses Dynamics 365 Finance. The customer payment journal must only be available for selection by the accounts receivable user group. You need to configure the accounts receivable journal name to meet the requirement. Solution: Configure blocking and select private for the user group value. Does the solution meet the goal? A. Yes B. No. 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 company uses Dynamics 365 Finance. The customer payment journal must only be available for selection by the accounts receivable user group. You need to configure the accounts receivable journal name to meet the requirement. Solution: Configure the journal approval. Does the solution meet the goal? A. Yes B. No. You are configuring budgeting components in Dynamics 365 Finance. 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. A. Cost management budget, including Production and Resource groups B. Sales budget, including Campaigns and Events C. Workforce budget, including Compensation groups and Positions D. Project budget, including Items and Fees E. Ledger budget, including Revenue and Expense types. A client is using the budget planning process in Dynamics 365 Finance. Your client requires the ability to plan for a one-year, three-year, and five year-budget. You need to configure the various year length options to be used in the budgeting module. What should you do? A. Configure budget control B. Configure budget codes C. Configure budget cycles D. Configure budget allocation terms. A company uses Dynamics 365 Finance to manage budgets. You need to reallocate funds during the year. Which budget code should you use? A. Carry-forward B. Zero-based C. Pre-encumbrance D. Transfer. A company plans to use Dynamics 365 Finance. You need to configure basic budgeting. Which set of actions must you perform? A. ✑ Define a budget journal ✑ Define budgeting parameters ✑ Define budgeting dimensions ✑ Create budget models and codes ✑ Define number sequences B. ✑ Define budget journal exchange rate types ✑ Define budgeting parameters and number sequences ✑ Define budgeting dimensions ✑ Create budget models ✑ Define budget codes C. ✑ Define a budget journal ✑ Define budgeting parameters and number sequences ✑ Define budgeting dimensions ✑ Create budget models and codes ✑ Setup budget allocation terms D. ✑ Define budget exchange rate types ✑ Define budgeting parameters and number sequences ✑ Define financial dimensions ✑ Create budget models ✑ Define budget codes. 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 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. Solution: Combine budgets from multiple legal entities to a master budget. Does the solution meet the goal? A. Yes B. No. 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 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. Solution: Create budget plans for multiple scenarios. Does the solution meet the goal? A. Yes B. No . 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 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. Solution: Create budget plans to define the revenues for a budget. Does the solution meet the goal? A. Yes B. No. A customer uses Dynamics 365 Finance to manage budgets. You review a customer's budget funds available calculation and discover that the budget amounts posted two weeks ago are not reflected in the budget control check on a purchase order. You verify that budget control is set to active. You need to determine why the budget posted two weeks ago is not reflecting correctly. What should you do? A. Verify that available budget funds are configured appropriately. B. Post a budget transfer to add the correct funds. C. Verify whether budget plans are still in draft status. D. Compare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting. 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. A. Activities are unrecorded for budget control purposes. B. Budget register entries that have been posted after budget control is turned off will not be considered for budget control. C. Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control. D. Budget checks are performed. E. You can view the budget reporting through financial reports. You are setting up the yearly budget for an organization for the year 2019. You need to set up the budget register entries. Which two fields must be set up when creating register entries? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Budget cycle B. Budget manager C. Budget code D. Budget model. You are configuring the basic budgeting for a Dynamics 365 Finance environment. You need to configure the types of entries allowed. Which two configurations can you use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. The budget register entry journals require both Expense and Revenue amount types. B. Budget register entry line needs a main account and amount to be valid. C. Budget register entry journals must be allocated across all fiscal periods. D. Budget register entry lines must select only one account structure E. The budget register entries can contain either Expense or Revenue amount types. . 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? A. Create budget plans for multiple scenarios. B. Create budget plans to define the revenues for a budget. C. Combine previous year budgets into a single budget. You need to ensure the budget only reflects a single annual cost of living increase for Humongous Insurance employees. What should you do? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Align the calendar year to a single budget cycle. B. Align a calendar year to multiple budget cycles. C. Align the fiscal year to a single budget cycle. D. Align the fiscal year to multiple budget cycles. 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 managing credit and collections. You need to set up mandatory credit limits for all customer documents. Solution: Select None as the credit type in the Accounts receivable parameters form. Select the Mandatory credit limit check box in the Customers form. Does the solution meet the goal? A. Yes B. No . A company implements basic budgeting functionality in Dynamics 365 Finance in multiple departments that belong to the same legal entity. Managers must be able to identify and track budgets by department. You need to configure the system. What should you configure? A. Budget model with sub-models B. Budget transfer rules C. Budget codes and budget types D. Budget entries workflows. You create a parent budget for the next fiscal year of a parent company. The parent company is configured as its own legal entity. Franchises are configured as separate legal entities. The parent company sets the budget for each franchise based on the past year’s performance. Ledger allocation rules, periods allocation keys, and budget allocation terms have not been created. Budget line items must be allocated to the budget for each franchise. You need to ensure the franchise budgets are allocated. What should you do? A. Create ledger allocation rules. Set the allocation method to use ledger allocation rules. B. Create period allocation keys. Set the allocation method to allocate across periods. C. Set the allocation method to distribute. D. Set the allocation method to aggregate. E. Create budget allocation terms. Set the allocation method to allocate to dimensions. A company implements basic budgeting functionality in Dynamics 365 Finance. Budget managers must be notified of a budget register posting task after a finance director approves an entry. You need to configure the system. Which workflow element should you use? A. Commitment approval B. Update budget balances budget register C. Budget planning stage allocation D. Approve budget account entry. A company implements basic budgeting functionality in Dynamics 365 Finance. The company wants to allocate budget register entries for sales expense amounts to each period based on a predetermined percentage. You need to configure the allocation. Which functionality should you use? A. Budget control B. Budget transfer rule C. Allocation term D. Period allocation key. You configure the basic budgeting functionality of Dynamics 365 Finance. You add budget values and actuals in the system. You need to compare the budget values with the actual values. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Compare customer and vendor balances and budget register entries that are posted in the system. B. Review budget and actual amounts that are spread across fiscal periods. C. Generate a report on the differences between the actual fixed assets amounts and the preliminary budgeted amounts in the system. D. Review general ledger transactions that are included in the calculated actuals amounts. E. Drill through the details of the budget amount in budget register entries posted in the system. An organization acquires a building. You need to register and record the building as an asset building in Dynamics 365 Finance. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal B. Eliminate the project to a fixed asset C. Create a sales invoice to record and register the fixed asset D. Select an acquisition transaction type within a fixed asset journal E. Use the sales order process to acquire the asset. 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. Acquisition B. Value adjustments C. Depreciation D. Disposal. You are the controller for an organization. The company purchased six service trucks. You observe that your accountant 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 are canceled and regenerated for the new fixed asset. ✑ Ensure that all books for the existing fixed asset are created for the new fixed asset. Any information that 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 new 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? A. Reclassify the fixed asset B. Change the fixed asset group and keep the same fixed asset number C. Copy the fixed asset D. Transfer the fixed assets. You are configuring the Fixed assets module for a Dynamics 365 Finance environment. You need to create a fixed asset. Which two settings are required? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. the property type B. the group C. the number sequence D. the type E. the name. You manage fixed assets using Microsoft Dynamics 365 Finance. You need to define capitalization thresholds. Which page should you use? A. Main account B. Released item C. Fixed asset posting profile D. Fixed asset group. A company uses Microsoft Dynamics 365 Finance. The company purchases, creates, and acquires fixed assets by using purchase orders. The system must acquire the fixed asset when a vendor invoice is posted. You need to process the transaction. What should you do? A. Select a procurement category in a purchase order line and leave the fixed asset group blank. B. Manually create a fixed asset before the fixed asset number is added to the purchase order. C. Leave the fixed asset number blank on the purchase order. D. Run a fixed asset acquisition proposal before a fixed asset number can be added to a purchase order. A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations. The company must be able to estimate the costs of a project and create a fixed asset by using the project cost estimate. You need to ensure that the company can create a fixed asset from a project. Which project type should you use? A. Time and material B. Cost C. Internal D. Investment E. Fixed price. Your company uses Dynamics 365 Finance. All fixed assets are categorized by asset type. For example, office furniture is sequentially numbered, has the same service life, and uses the same depreciation deduction calculation. You need to configure the system. Which two parameters should you set up? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. depreciation convention B. derived book C. depreciation profile D. fixed asset group. You are migrating data from a legacy system to Dynamics 365 Finance. The legacy customer master data does not include a customer grouping. Customers must be assigned to a group. You need to configure the posting profile. What should you set up? A. an interest code for a group of customers B. a revenue account for sales orders transactions for a group of customers C. terms of payment for a group of customers D. a payable account for specific customers. A company uses Dynamics 365 Finance to manage fixed assets. The company uses a legal entity for accounting and a legal entity for tax purposes. The company has 15 different fixed asset groups. The company creates a new fixed asset group named Conveyor. You create a new fixed asset that uses the Conveyor fixed asset group. The fixed asset is not associated with a legal entity. You need to ensure that both legal entities are associated with new fixed assets that you create for the Conveyor group. What should you configure? A. a fixed asset posting profile B. a group book setup C. a new fixed asset book D. a new depreciation profile. A company implements Microsoft Dynamics 365 Finance to manage fixed assets. The company adds a laptop as a fixed asset. You run a depreciation proposal. You observe that laptops are not eligible for depreciation. You need to determine why you cannot depreciate the laptops. Which feature should you review? A. Depreciation convention B. Net book value C. Capitalization threshold D. Number sequence E. Posting layer. You are using Microsoft Dynamics 365 Finance. You need to acquire a fixed asset. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Use a sales invoice. B. Select a fixed asset account type and transaction type acquisition in a general journal. C. Select a fixed asset procurement category on the purchase order line. D. Use a budget plan. E. Eliminate an investment project once it is finished. A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations. The company must associate fixed assets with subprojects to track the money that the company spends to maintain assets. You need to configure subprojects to track the associated fixed asset transactions. Which two types of subprojects can you use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Cost B. Investment C. Fixed price D. Time and material E. Internal. A company uses Microsoft Dynamics 365 Finance. You need to reclassify a fixed asset. Which three actions does the system perform when an asset is reclassified? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. The system will generate reclassification journals. B. The new books of the new fixed asset contain the date of the reclassification in the Acquisition date field. C. All books for the existing fixed asset are created for the new fixed asset. D. The existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset. E. The new fixed asset only cancels out possible depreciations because the reclassification date is filled in in the Acquisition date field. A client is implementing accounts receivable in Dynamics 365 Finance. You need to determine which requirements can be met by configuring the customer posting profile. Which three requirements can be met? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Specifying a receivable account for certain customers B. Setting an interest code for a group of customers C. Specifying a revenue account for sales orders transactions D. Setting terms of payment for a group of customers E. Setting the liquidity ledger account used for cash flow forecast. |