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NEW QUESTION 84
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
Navigate to System administration > Security > Assign users to roles
Select the 'Accountant Closing' role.
Click the "Manually assign / exclude users" button
Select the Theresa Jayne user account and click the "Assign to role" button.
Click the "Assign organizations" button
Select the "Grant access to specific organizations" option
Select the USMF legal entity and click the "Grant" button.
Reference:
https://www.dynamics-tips.com/system-administration/security-roles
NEW QUESTION 85 
You are asked to configure the method of payments for vendors.
You are viewing an Accounts payable method of payment.
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION 86
A company needs to create budget plan templates for its budgeting process.
You need to create the budget plan templates.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
1 - Define budgeting financial dimension sets
2 - Creatr budget plan columns
3 - Create budget plan document layouts
4 - Generate budget plan templates
NEW QUESTION 87
A company has delinquent customers.
You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:
*Send communication to the customers detailing their past-due invoices.
*Use the system to automatically calculate a late charges,
*Create a group of customers for a collection agent to monitor.
*View a list of customers with colored indicators of a customer's payment status.
You need to associate the correct system functionality to manage delinquent customers based on these business requirements.
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-collections-information
NEW QUESTION 88
You need to process expense allocations.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rules
NEW QUESTION 89
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.
NOTE: Each correct selection is worth one point.
- A. Set all modules to none to prevent any transactions from being posted.
- B. Assign the security group month end access on the ledger calendar form for the modules they need access to.
- C. Configure the financial period close workspace tasks to the Accounts payable and General ledger teams only
- D. Create an access group called month end access for Accounts payable and General ledger team members.
- E. Move the period status to on hold for your client's one legal entity.
Answer: B,C,D
NEW QUESTION 90
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. Transfer the fixed assets
- B. Change the fixed asset group and keep the same fixed asset number
- C. Reclassify the fixed asset
- D. Copy the fixed asset
Answer: C
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassify-fixed- assets
NEW QUESTION 91
You are the purchase manager of an organization. You purchase a laptop for your office for $2,000. You plan to create a purchase order and acquire the new fixed asset through the purchase order at time of invoicing.
You set up the system as follows: Fixed assets are automatically created during product receipt or vendor invoice posting and the capitalization threshold for the computers group (COMP) is set to $1,600.
You need to automatically create a fixed asset record when you post an acquisition transaction for the asset after you post the invoice.
How should you configure the fixed asset parameters to meet the criteria? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION 92
A client confirms a safes order in Dynamics 365 for Finance and Operations. You are viewing the confirmed sales order.
Answer:
Explanation:
Explanation
NEW QUESTION 93
You need to configure ledger allocations to meet the requirements.
What should you configure? To answer, drag the appropriate setups to the correct requirements. Each setup may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rules
NEW QUESTION 94
You are implementing Dynamics 365 Finance. A new product is being released.
The system must track the probability of the new product by cost center and you must use the cost control workspace.
You need to configure the system.
Which option should you use? To answer, drag the appropriate option to the correct requirement. Each value may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting
NEW QUESTION 95
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.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-accounting-setup
NEW QUESTION 96
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.
Answer:
Explanation:
1 - Create a category hierarchy
2 - Assign derived financial hieratchy as the category type
3 - Associate the derived financial hierarchy with a legal entity
4 - Create filter rules from the category nodes in the derived financial hierarchy
5 - Create and activate the filturs in the derived financial hierarchy
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-financial-hierarchy-public-sector
NEW QUESTION 97
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. item group
- B. customer address
- C. item sales tax group
- D. sales tax code
Answer: C
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview
NEW QUESTION 98
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION 99
You need to configure the system to meet the budget preparation requirements.
What should you do? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION 100
An organization uses Dynamics 365 for Finance and Operations.
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. Associate the correct main accounts to that financial dimension on the financial dimension setup form.
- 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. Configure the account structure to specify which financial dimensions are valid for which main accounts.
Answer: D
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/configure-account-st
NEW QUESTION 101
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.
Answer:
Explanation:
Explanation
NEW QUESTION 102
You are configuring the Fixed assets module for a Dynamics 365 Finance and Operations environment, You need to set up the basic configuration to create a fixed asset Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. the number sequence
- B. the name
- C. the property type
- D. the group
- E. the type
Answer: A,B,D
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/create-fixed-asset
NEW QUESTION 103
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. account type
- B. default values
- C. journal type
- D. workflow approval
- E. journal control
Answer: B,D,E
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing Implement and manage accounts payable and receivable Question Set 1
NEW QUESTION 104
A company plans to use Dynamics 365 for Finance and Operations.
You need to configure basic budgeting.
Which set of actions must you perform?
A.
* Define a budget journal
* Define budgeting parameters and number sequences
* Create budget models
* Define budget codes
* Create budgeting workflows
B.
* Define a budget journal
* Define budgeting parameters and number sequences
* Define rules for budget transfers
* Create budget models
* Define budget codes
C.
* Define budget exchange rate types
* Define budgeting parameters and number sequences
* Define budgeting dimensions
* Create budget models
* Define budget codes
D.
* Define a budget journal
* Define budgeting parameters and number sequences
* Define budgeting dimensions
* Create budget models
* Define budget codes
Answer:
Explanation:
D
Section: Topic 4, Manage budgeting and fixed assets
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/basic-budgeting-overview-configuration
NEW QUESTION 105
You are implementing a Dynamics 365 for Finance and Operations General ledger module for a client that has multiple legal entities.
The client has the following requirements:
* Post journal entries for all companies from one legal entity.
* Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.
* Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.
* Set up fixed or variable allocations, and then review the allocations in a journal before posting,
* Automatically post year-end results to account 30016 during year-end close.
You need to configure the system.
Which system capability should you configure? To answer, select the appropriate configuration in the answer area.
Answer:
Explanation:
NEW QUESTION 106
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 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: one for liability accounts listing the (2000-2999) range with no following dimensions and one for Expense and Revenue accounts.
* For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all dimension columns.
* For Expense account (6999), configure asterisks in all dimensions. Configure an asterisk and quotes in the customer dimension.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
Explanation:
As asterisk in all dimension columns would mean that a value must be configured for all dimensions.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures
NEW QUESTION 107
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
Answer: D
NEW QUESTION 108
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About Related Certification
The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate is one of the related certifications for anyone seeking to climb up the organizational ladder. MB-300 & MB-310 tests and their accompanying certification equip you with knowledge of configuration and usage of functionality tools. Additionally, this validation is designed for all in the finance and supply chain industry looking to learn and understand the concept of operations, accounting principles, and practices. In all, getting the affiliated certificate arms candidates with in-depth knowledge of how to carry out the subsequent technical tasks:
- How to control accounts, both receivable and payable;
- How to set up and configure financial management.
- How to efficiently manage and apply some of the common practices;
- How to manage, calculate, and fix assets;
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