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Titre du test: MD365/MB310 Description: MD365/MB310 Auteur: NOUR AUTRES TESTS DE L'AUTEUR Date de création: 20/03/2024 Catégorie: Informatique Questions numériques : 82

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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 into the previous year's Period 13. ✑ The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. ✑ 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 all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal? A. Yes B. No . You are implementing a Dynamics 365 Finance general ledger module for a client that has multiple legal entities. The client has the following requirements: ✑ 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. Hot Area:(Qst 4,page 1). A- Intercompany journal. - Allocation terms. - Ledger allocation rules. - accounts for automatic transaction. B- Allocation terms. - Intercompany journal. - accounts for automatic transaction. - Ledger allocation rules. C- Intercompany journal. - Ledger allocation rules. - accounts for automatic transaction. -Allocation terms. . A company is preparing to complete a year-end close process. You need to configure the Dynamics 365 Finance general ledger module. Which three configurations actions should you perform? Each correct answer presents part of the solution. A. Configure the Fiscal year close parameters B. Configure the ledger calendar for the new fiscal year C. Set up the year end close template D. Validate the main account type E. Create the next fiscal year . 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. when financial dimensions need to default from the vendor record onto an invoice B. when only certain dimensions are allowed to post with certain main account combinations C. when creating multiple balanced ledger entries based on transaction types or accounts D. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting . An organization is setting up a cost accounting. You need to set up fiscal calendars for Dynamics 365 Finance. What are three uses for fiscal calendars? Each correct answer presents a complete solution. A. standard work hours B. financial transactions C. fixed asset depreciation D. budget cycles E. shift work hours . You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements. You need to import electronic bank statements to reconcile the bank accounts. Which three actions can you perform? Each correct answer presents a complete solution. A. Select all the bank accounts for the bank statement files, and then upload all files B. Select Account reconciliation on the bank account form C. Import bank statements from the Data management workspace D. Navigate to Import statement on the Bank Statements page of Cash and Bank Management E. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file . 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. Distribute the source document amount equally B. Fixed weight C. Equally D. Basis. A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations. You need to set up cost versions and prices to accomplish the manufacturer's goal. For which purpose should you use each costing type? To answer, select the appropriate options in the answer area. A- To support standard cost inventory model - To support standard cost for master plan B- To support actueal cost inventory - To directly activate planned cost to standard cost C- To support standard cost inventory model - To support cost calculation simulation . A rental service company hires you to configure their system to implement accrual schemes. You need to configure the accrual schemes for the company for both rentals and associated expenses. Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area. A- Apply the scheme to revenue only - Specify the frequency of the accruals B- Apply the scheme to costs only - Specify whether the accruals are reversable C- Apply the scheme to both revenue and costs - Specify the frequency of the accruals . A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee's pay. Transactions for new employees must be recognized in the general ledger based upon the employee's first pay date. You need to configure accrual schemes for the new fiscal year. Which two configurations should you use? Each correct answer presents part of the solution. A. For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year. B. For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date. C. For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date. D. For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year. A client plans to use the cost accounting module in Dynamics 365 Finance. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions? To answer, select the appropriate configuration in the answer area. A- Cost entry - Cost classification - Allocation base - Cost object - Cost element B- Allocation base - Cost element - Cost object - Cost classification - Cost entry C- Allocation base - Cost entry - Cost object - Cost element - Cost classification . An organization uses Dynamics 365 Finance. Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting. You need to prevent these invalid combinations. What should you do? A. Configure the account structure to specify which financial dimensions are valid for which main accounts. B. Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used. C. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts. D. Associate the correct main accounts to that financial dimension on the financial dimension setup form. . A client plans to use Dynamics 365 Finance for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.(Qst 15,page 2) A-W-9 has not yet been received - Federal tax ID B- Check for W-9 - W-9 received C- Check for W-9 - 1099 box. A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution. A. the Sales tax group on the Customer record B. the Terms of delivery setup C. the Item Sales tax group on the Item record D. the Sales reporting codes E. the Sales tax codes Most Voted . You are configuring Dynamics 365 Finance. You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions? A. Accounts payable, Accounts receivable, Bank, Budget, Payroll, and Purchasing B. Accounts payable, Bank, Budget, Fixed assets, and Payroll C. Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing D. Accounts payable, Accounts receivable, Budget, and Fixed assets . You need to set up a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization. You need to configure the prerequisite setup for the standard costing version for the current period. 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. Select and Place: A- Assign ledger accounts to item postings that are related to standard cost variances - Create an item model group for standard costs - Define inventory parameters that are related to standard costs - Define ledger accounts that are related to standard cost variances B- Create an item model group for standard costs - Define inventory parameters that are related to standard costs - Assign ledger accounts to item postings that are related to standard cost variances - Define ledger accounts that are related to standard cost variances C- Create an item model group for standard costs - Define ledger accounts that are related to standard cost variances - Assign ledger accounts to item postings that are related to standard cost variances - Define inventory parameters that are related to standard costs . 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 Finance for cash settlements. What should you do? A. Configure combined deposit amounts B. Configure budget appropriations C. Configure general ledger year-end close D. Configure advanced ledger entries . 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. Select and Place: A- Set up main accounts and ledger posting groups fot sales tax - Set up sales tax codes - Set up sales tax parameters on the application pages - Set up sale tax groups and item sales tax groups - Sat up sales tax authorities and sales tax settlement periods B- Set up sale tax groups and item sales tax groups - Set up sales tax parameters on the application pages - Set up sales tax codes - Set up sales tax authorities and sales tax settlement periods - Set up main accounts and ledger posting groups fot sales tax C- Set up main accounts and ledger posting groups fot sales tax - Set up sales tax authorities and sales tax settlement periods - Set up sales tax codes - Set up sale tax groups and item sales tax groups - Set up sales tax parameters on the application pages. A client wants to ensure that transactions posted to the General Ledger have the correct combination of account number and dimensions. The Services Industry P&L Account Structure has the following information:(Qst 21,page 3) A- Any project can be selected in this dimension - Zero is not a valid value for this dimension B- Any project can be selected in this dimension - Blank values are allowed in this dimension C- Blank values are not allowed in this dimension - Any business can be selected in this dimension . HOTSPOT - A rental service company with complex accrual requirements has accrual schemes set up in its implementation. You need to ensure that all transactions for the company use an accrual scheme. Which actions should you perform? To answer, select the appropriate configuration in the answer area. A- Use a voucher template to select the defined accrual sheme - Use the norma ledger transaction inquiries to check the posted journal B- Specify account or effset account for accruals only on journal lines - View the accrual transactions only after the accrual sheme transfers them to journal C- Enter start date or end date for the accrual scheme to apply the defined frequency - View the accrual transactions only after the accrual sheme transfers them to journal . You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities: ✑ CompanyA ✑ CompanyB You need to configure intercompany accounting for both legal entities. Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.Select and Place: A- In each legal entity, configure an intercompay main account for Due to/Due from by using the Common account type - In each legal entity,configure a journal name and set the journal type to Daily - Determine which legal entity will receive the accounting for supporting amounts B- In each legal entity, configure an intercompay main account for Due to/Due from by using the Balance account type - In each legal entity,configure a journal name and set the journal type to Daily - Determine which legal entity will receive the accounting for supporting amounts C-Determine which legal entity will receive the accounting for supporting amounts - Set company A as the originating company and company B as the destination company - In each legal entity,configure a journal name and set the journal type to Daily. An organization plans to set up intercompany accounting between legal entities within the organization. Automatic transactions between legal entities must meet the following requirements: ✑ Provide systemwide integration and streamlining to save time. ✑ Minimize errors and create an audit trail with full visibility into business activities and transaction histories within the legal entities. You 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. A. Select intercompany journal names. B. Configure intercompany accounting in both the originating entity and destination entity. C. Create intercompany main accounts to use for the due to and due from accounting entries. D. Define intercompany accounting setup by creating legal entity pairs defining originating and destination companies. E. Configure intercompany accounting in the destination entity only. . You are a controller in an organization. You are identifying cost drivers to see how changes in business activities affect the bottom line of your organization. You need to assess cost object performance to analyze actual versus budgeted cost and how resources are consumed. You need to demonstrate your understanding of cost accounting terminology. Which component maps to the cost accounting terminology? To answer, drag the appropriate component to the correct cost accounting terminology. Each source may be used once. You may need to drag the split bar between panes or scroll to view content.Select and Place: A- Fixed/variable/semi variable - Machine hours/kilowatt hours/square footage - Products/projets/departments/cost center - Primary/secondary B- Products/projets/departments/cost center - Machine hours/kilowatt hours/square footage - Primary/secondary - Fixed/variable/semi variable C- Machine hours/kilowatt hours/square footage - Primary/secondary - Fixed/variable/semi variable - Products/projets/departments/cost center. 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. A. Create templates that contain the required tasks within the closing process and assign to closing role. B. Create a separate closing schedule for every legal entity. D. Create task areas and descriptions. E. Designate resources and their scope based on closing roles. . 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? A. Financial reporting B. Financial insights workspace C. Electronic reporting D. Financial period close workspace . You are a Dynamics 365 Finance consultant. You plan to configure the allocation base, cost behavior, and cost distribution. Which three actions do these configurations accomplish? Each correct answer presents a complete solution. A. Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base. B. Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied. C. Spread the balance of the cost from one cost object to one or more other cost objects by applying a relevant allocation base. D. Control which journals can be used in the costing process. E. Classify costs according to their behavior in relation to changes in key business activities. . 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? A. On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account. B. Configure the parent/child relationship for the main account and subaccounts by using appropriate percentages. C. Configure the cash flow forecasting setup for Accounts Payable before you configure vendor posting profiles. D. On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account. . A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders. You need to automatically calculate sales tax when the sales order is created. Which three actions should you perform? Each correct answer presents part of the solution. A. Assign values to the sales tax codes and assign the sales tax codes to the sales tax group associated to the customer. B. Assign all sales tax codes to the item sales tax group associated to the item being sold. C. Set up a default item sales tax group on the item being sold and set up a default sales tax group on the customer used on the sales order. D. Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold. E. Set up a default sales tax code on the customer used on the sales order and set up a default item sales tax group on the item being sold. . A client wants Dynamics 365 Finance to calculate sales tax on a sales order line once an item is added. The sales tax group is already populated with a value. You need to ensure that the sales tax will calculate. Which field should you populate? A. sales tax code B. item group C. customer address D. item sales tax group . A 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. A. The sales tax group is populated on the line, but the item sales tax group is missing. B. The sales tax settlement account is not configured correctly. C. The sales tax authority is not set up for the correct jurisdiction. D. The sales tax code and item sales tax code are selected, but the sales tax group is not associated to both codes. E. The sales tax group and item sales tax group are selected, but the sales tax code is not associated with both groups. . A client needs guidance on month-end closing procedures. The client needs to be able to stop all teams except Accounts payable and General ledger from posting transactions for the month. You need to configure Dynamics 365 Finance to allow only those two teams to transact during the period being closed. Which three actions should you perform? Each correct answer presents part of the solution. A. Create an access group called month end access for Accounts payable and General ledger team members. Most Voted B. Set all modules to none to prevent any transactions from being posted. C. Configure the financial period close workspace tasks to the Accounts payable and General ledger teams only Most Voted D. Move the period status to on hold for your client's one legal entity. E. Assign the security group month end access on the ledger calendar form for the modules they need access to. Most Voted . 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. A. Set the value of the override date field at the legal entity level to be more restrictive. B. Set the value of the override date field at the shared level to be more restrictive. C. Set the value of the override date field at the legal level to be less restrictive. D. Set the value of the override date field at the shared level to be less restrictive. . A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. 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 selected in journal entry. Solution: Configure default financial dimensions on expense accounts only. Does the solution meet the goal? Yes No. A customer implements Dynamics 365 Finance. The customer observes that during foreign currency revaluation of the Accounts Receivable subledger, the results are not as expected. You need to re-run the foreign currency revaluation of the Accounts Receivable subledger. Which currency revaluation method should you use for each requirement? To answer, drag the appropriate methods to the correct requirements. Each method 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. Select and Place: A- Standard - Invoice date - Minimum B - Invoice date - Minimum - Standard C- Standard - Minimum - Invoice date. A customer uses Dynamics 365 Finance. The controller notices incorrect postings to the ledger entered via journal. The system must enforce the following: ✑ Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional. ✑ Revenue accounts (4000-4999) require department and division and allow project and customer dimensions. ✑ Liability accounts (2000-2999) should not have any dimensions posted. ✑ Expense account (6999) requires department, division, project and customer dimensions with all transactions. You need to configure the account structure to meet the requirements. Solution: ✑ Configure one account structure. ✑ Configure an advanced rule for Liability accounts (2000-2999) not to display any dimensions when selected. ✑ Configure an advanced rule for Expense account (6999) to require customer. ✑ Configure the structure with all dimension fields containing quotations. Does the solution meet the goal? Yes No. You are asked to configure foreign currency revaluation in Dynamics 365 Finance. You are viewing the main accounts.(Qst 47,page 5) A- Select the exchange rate type.Then select the financial reporting exchange rate type - Realized gai,/loss B- Select the exchange rate type.Then select the reporting curency exchange rate type -Invoice amount is changed C- select the exchange rate type.Then select the financial reporting exchange rate type - Unrealized gain/loss. You are a consultant who is implementing Dynamics 365 Finance in your organization. You need to set up currencies and exchange rates for a client. Which three actions should you perform in sequence? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order. Select and Plac A- Determine Accounting currency - Specify From and To currency - Setup exchange rates B-Specify From and To currency - Setup exchange rates. - Specif to currency only C- Setup exchange rates - Determine Accounting currency - Setup exchange rates. You need to set up legal entity currencies and conversions in Dynamics 365 Finance. You review the hierarchy for consolidation of multiple legal entities.(Qst 49,page 5) A- USD - MXN B-EUR - USD C- CAD - MXN. 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. A. Create a new main account for each of the company's principals. Then, create an account structure for all balance sheet accounts that includes the required dimension. B. Create a new main account for Shareholder distribution. Add an advanced rule for the Principal dimension. C. Create an account structure for all the balance sheet accounts. Set up an advanced rule for the Shareholder distribution account for the Principal dimension. D. Create an account structure for balance sheet accounts without Shareholder distribution. Then, create a second account structure for Shareholder distribution that includes all required dimensions. 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 division ✑ ability to run the trial balance by just main account and department You need to ensure that these options are visible in the trial balance report parameters. What should you configure? A. ledger validation B. financial dimensions for department and division C. financial dimension sets D. account structure . A client plans to use financial statements in Dynamics 365 Finance. The client wants to process the statements by using various combinations of the components to create custom reports. You need to associate the report components to the purpose. Which report components should you use for each purpose? To answer, drag the appropriate component to the correct purpose. Each component 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. Select and Place: A- Row definition - Reporting tree - Column definition - Report definition B- Row definition - Column definition - Reporting tree - Report definition C- Column definition - Report definition - Reporting tree - Row definition . You are setting up main accounts in Dynamics 365 Finance. You need to configure the main accounts to meet the requirements. Which options should you use? To answer, select the appropriate configuration in the answer area.(Qst 55,page 6) A- Do not allow manual entry - Legal entity overrides/default dimensions - Allocation terms - Db/Cr requirement - Account type B- Allocation terms - Main account category - Legal entity overrides/default dimensions - Db/Cr default - Account type C- Main account category - Db/Cr requirement - Allocation terms - Db/Cr default - Account type . You are a Dynamics 365 Finance functional consultant. A legal entity processes and settles vendor payments on behalf of other legal entities in an organization. You need to configure the centralized payment flow for the legal entity. 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. Select and Place: A- Set up posting profiles for centralized payments - Set up methods of payments for centralized payments - Set up an intercompany account and create the organizational hierarchy for centralized payments - Map vendor accounts across all legal entities with the same address book ID B- Set up methods of payments for centralized payments - Map vendor accounts across all legal entities with the same address book ID - Set up an intercompany account and create the organizational hierarchy for centralized payments - Set up posting profiles for centralized payments C- Set up an intercompany account and create the organizational hierarchy for centralized payments - Map vendor accounts across all legal entities with the same address book ID - Set up posting profiles for centralized payments - Set up methods of payments for centralized payments . 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? A. two account structures B. two derived financial dimension hierarchies C. all financial dimensions by using the group dimension functionality D. two financial dimension sets . You are configuring intercompany accounting for a multicompany enterprise. You need to set up the Due to and Due from accounts. Which main account type should you use? A. Profit and loss B. Expense C. Balance sheet D. Liability E. Asset . You are controller for a public sector organization. You need detailed fiscal tracking and reporting. You need to set up fund types categorized under specific fund classes. Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund 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.Select and Place: A- General - Special revenue - Agency B- Capital project - Enterprise - Internal sevice C- Enterprise - Special revenue - Internal sevice . A client has multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics 365 Finance. The 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? Yes No. A client has multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics 365 Finance. The 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 with import. Does the solution meet the goal? Yes No. A client has multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics 365 Finance. The 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: Create a separate company in which you manually create the eliminations. Then, use that company in financial reporting or in the consolidation process. Does the solution meet the goal? Yes No. A client has multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics 365 Finance. The 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: 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? Yes No. 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 them in the correct order. Select and Place: A- Create a category hierarchy - Assign the Derived financial hierarchy category type - Associate the derived financial hierarchy with a legal entity - Create filter rules from the category nodes in the derived financial hierarchy - Creat and activate the filters in the derived financial hierarchy B- Create filter rules from the category nodes in the derived financial hierarchy - Assign the Derived financial hierarchy category type - Creat and activate the filters in the derived financial hierarchy - Associate the derived financial hierarchy with a legal entity - Create a category hierarchy. You work for a company that receives invoices in foreign currencies. You need to configure the currency exchange rate providers and exchange rate types. What should you do A. Configure exchange rate provider, create exchange rate type, and import the currency exchange rates. B. Select the appropriate HTML key values from the available exchange rate providers. Then, use the provider for importing one currency exchange rate type. C. Use a developer to write the HTML key values code to configure the currency exchange rate providers. Then, use the provider for importing a currency exchange rate type. D. Use a developer to write the XML key values code to configure the currency exchange rate providers. Then, use the provider for importing a currency exchange rate type. . Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future. You need to configure Dynamics 365 Finance to limit the account type transactions to only ledger. What should you do? A. Use journal control to specify which account types are valid for the General ledger journal. B. Use advanced ledger entries to define the account types that can be used in the General ledger journal. C. Configure the voucher series associated with this journal to allow only ledger account types. D. Create a journal template that has ledger as the account type and offset account type. . An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure. The organization has the following requirements: ✑ Set up restrictions on the account type and segment values. ✑ Capture data accurately for offset accounts, currency, and financial dimensions. ✑ Maintain internal control and establish materiality limits. You need to set up journal name elements to meet these requirements. Which three journal elements should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. workflow approval B. account type C. journal type D. default values E. journal control . You must configure journal controls in Dynamics 365 Finance.(Qst 70,page 7) A- Limit wich company and departements can be used in the journal - Payroll journal for the contoso company,where the account structure manufacturing P&L uses demension-departement 022 to 027 B- Limit wich company and departements can be used in the journal - Payroll journal for ledger types. Manual entry of currency exchange rates must be discontinued. Currency exchange rates must use the current rate values provided by the European Central Bank. The exchange rate entries and updates must be automated. You need to configure the system. Which two options should you use? Each correct answer presents part of the solution. A. Configure the exchange rate provider B. Run currency revaluation C. Create the currencies D. Configure dual currency E. Run the import currency exchange rate process . A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. 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 selected in journal entry. Solution: Configure one account structure for expense accounts and include applicable dimensions. Does the solution meet the goal? Yes No. You need to configure cash flow reports. Which three actions should you perform? Each correct answer presents part of the solution. A. Configure the behavior for forecasts of transactions that affect the liquidity accounts of the company. B. Identify and list all the liquidity accounts. C. Define the number sequence. D. Configure the account structure. E. Run the cash flow calculation process. . You are implementing Dynamics 365 Finance. Sales tax payable must be posted to the same collection of accounts across all legal entities. You need to configure the sales tax. What should you use? A. Posting group B. Tax jurisdiction C. Use tax payable account D. Tax group . You are implementing Dynamics 365 Finance. You must configure a more accurate cash flow forecast related to sales tax. The sales tax calculation should be based on the expected transaction amounts and dates. You need to configure the cash flow forecast. Which setup should you use? A. Bridging accounts B. Sales forecast defaults C. Dependent accounts D. Purchasing forecast defaults . You plan to manage delinquent customers by monitoring the collection process in Dynamics 365 Finance. You need to use the Collections list page to monitor the collection process. What must you do first? A. Set up customer groups. B. Set up customer pools. C. Update financials. D. Age customer balances. . You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy, and view financial statements. You need to generate consolidated financial statements by using a building block group to aggregate data across companies and financial dimensions. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point A. Create a column definition and use the period and year to map the appropriate periods for each company. B. Create a row definition that includes all appropriate accounts in all companies in the rows. C. Create a column definition that includes a financial dimension column for each company. D. Create a reporting tree that includes a reporting node for each company. E. Use the Reporting Unit field to select the tree and reporting unit for each column. . An exchange rate provider has been configured for Dynamics 365 Finance. Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays and all days between April 1 and June 30. Foreign currency transactions from March 1 to June 30 fail to post. You need to reconfigure the system to post transactions for this period. Which two configuration changes should you make to the ledgers? Each correct answer presents part of the solution. A. Add a key named FloatCurrencies and set the value to True. B. Set Create necessary currency pairs to True. C. Set Import as of start date to Apr01. D. Add a key named BaseCurrency and value of USD. E. Set Prevent import on national holiday to True. . A company manufactures air filtering units for industrial manufacturing plants. During the acquisition of one of the components that is used in the unit an agreement is reached that the $25,000 component will be paid for in the following schedule: ✑ The first payment will be $10,000. ✑ The remaining balance will be distributed equally and due on the 15th of the month for the next three months. You need to configure the system for the payment schedule. What should you do? A. Use the Specified allocation method. B. Enter $25,000 in the Amount of Transaction Quantity field. C. Specify a fixed quantity payment of 5. D. Set the Fixed allocation method Fixed Amount field for the monthly amount. . A customer uses Dynamics 365 Finance. The controller notices incorrect postings to the ledger entered via journal. The system must enforce the following: ✑ Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional. ✑ Revenue accounts (4000-4999) require department and division and allow project and customer dimensions. ✑ Liability accounts (2000-2999) should not have any dimensions posted. ✑ Expense account (6999) requires department, division, project and customer dimensions with all transactions. You need to configure the account structure to meet the requirements. Solution: ✑ Configure two account structures. ✑ For Expense Accounts (6000-6998), configure asterisks in department division, and project. Configure an asterisk and quotations in customer dimension. ✑ For Revenue accounts (4000-4999), configure asterisks in department and division. Configure an asterisk and quotations in project and customer dimensions. ✑ For Expense account (6999), configure asterisks in department division, project, and customer dimensions. ✑ Liability accounts (2000-2999) are in the second account structure with no following dimensions. Does the solution meet the goal? Yes No. Question #92Topic 1 A company uses Dynamics 365 Finance. The company is based in the United States and sells a product online. The product is shipped to the United States, Canada, and Mexico. The product is sourced from Brazil. Legal entities must be set up for each country/region. One ledger account must be used to track sales tax payable. You need to configure the system to track Use Tax. Which two parameters should you configure? Each correct answer presents part of the solution. A. single sales tax code for Brazil B. ledger posting group C. single sales tax code for the United States D. taxation rule E. tax code for each legal entity . 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. a Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger journal name B. a saved query in the Voucher inquiries form for the controller to view all general journals posted to the ledger C. a manual journal approval with the journal assigned to the user group that the employees are assigned to D. the controller's security rote so that he has approval privileges for General ledger journals . 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 a default offset account on the journal name. Does the solution meet the goal? Yes No. 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 the journal control to specify the account structure and ledger segment. Does the solution meet the goal? Yes No. 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 the journal control on the general journal to the account type of ledger. Does the solution meet the goal? Yes No. You use Dynamics 365 Finance for daily bank reconciliation. You must use the BAI2 bank statement format. You need to configure the import bank statement format for the bank reconciliation process. What should you do? A. Import the bank statement as a template for the bank statement format. B. Set up a batch job to import the bank statement. C. Set up an import project for the bank statement in a Data management workspace using files provided by Microsoft. D. Set up a journal name to import a bank statement transaction. . You are implementing Dynamics 365 Finance. Subledger entries must transfer automatically to the general ledger. You need to configure a batch transfer rule. Which two options should you select? Each correct answer presents a complete solution. A. Asynchronous B. Scheduled batch C. Batch jobs D. Scheduler job . A customer uses bank reconciliation functionality in Dynamics 365 Finance. The customer finds a transaction in a closed fiscal period that must be corrected. You need to correct the transaction. How should you make this correction? A. Use the Correction amount field. B. Open the fiscal pend. C. Create a new line for the transaction in the closed period. D. Create a new line for the transaction in an open period. . You are implementing Dynamics 365 Finance. You commonly complete the sale of goods across international borders. You need to configure the system. What should you use? A. bank statements B. purchase agreement C. letters of credit D. promissory note . 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 manual journal approval with the journal assigned to the controller’s user group D. the controller’s security role so that he has approval privileges for General ledger journals . You are implementing Dynamics 365 Finance. Sales tax should be calculated when the sales orders are entered. During testing, you find the sales tax is not calculating as expected. You need to validate sales tax has been set up correctly. Which two actions should you do? Each correct answer presents part of the solution. A. Validate the default item sales tax group setup for the item being sold. B. Associate the sales tax jurisdiction to the item sales tax group associated to the item being sold. C. Validate a default sales tax code has been set up on the customer from the sales order. D. Validate the sales tax group setting on the customer from the sales order. E. Validate a default item sales tax code has been set up on the item being sold. . A company uses Dynamics 365 Finance to include multiple business units as a financial dimension. All customer payment journals must be posted to the headquarters’ business unit financial dimension. You need to configure the accounts receivable journal name. What should you configure? A. Journal control B. Posting restriction C. Default financial dimension D. Journal approval . A company has implemented Dynamics 365 Finance. The company has three different banks where they hold funds. Each bank holds three separate accounts, totaling nine accounts for the company. The system must use default the bank information when a new account is created. All bank balances for a single bank account must be updated simultaneously. You need to configure the system. Which two entities should you use? Each correct answer presents part of the solution. A. bank account B. bank reasons C. bank reconciliation D. bank group . A company has implemented Dynamics 365 Finance. The company requires better visibility into their cash flow and wants to reconcile bank accounts daily with a timely view of check deposits. You need to configure the bank accounts for more accurate timing of cash flow. What should you configure? A. Pending balance B. Account posting type C. Bridging accounts D. Advanced bank reconciliation . A company uses Microsoft Dynamics 365 Finance. You are evaluating delinquent customers. You examine aging balances and determine that a customer's balance must be written off. You need to use journal lines to perform the write-off process. Which two journal line types will be created? Each correct answer presents part of the solution. A. General ledger entry B. Not sufficient funds (NSF) payment entry C. Customer entry D. Item transaction entry . A company has implemented Dynamics 365 Finance. The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance. You need to configure the system to remit tax payments. What should you do? A. Associate the vendor record to the tax authority. B. Set up a customer record for the tax authority. C. Associate the vendor record to the settlement period. D. Set up the jurisdiction and associate the jurisdiction to the tax authority. . You are configuring taxes in Dynamics 365 Finance for a client. Vendor invoices require a five percent sales tax calculation. Per government rules, the client can recover only 60 percent of this five percent sales tax amount against certain commodities. The remaining 40 percent is non-recoverable. You need to configure the sales taxes to post to the expense account. Where should you configure the sales tax percentage? A. Sales tax group B. Ledger posting groups C. Tax code D. Item sales tax group .

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