Microsoft Dynamics 365 Finance v1.0

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Exam contains 62 questions

HOTSPOT -
A company is using vendors to produce components for its products.
Journal types are not configured to support vendor invoices.
You need to identify and configure journals to use for vendor invoices.
Which journal types should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:




Answer :

HOTSPOT -
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations.
You are viewing the main accounts.


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.
Hot Area:



Answer :

HOTSPOT -
You are setting up main accounts in Dynamics 365 for Finance and Operations.
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.
NOTE: Each correct selection is worth one point.
Hot Area:




Answer :

HOTSPOT -
You are setting up the process for an expense report approval in Dynamics 365 for Finance and Operations.
You need to assign permission for each participant in the workflow approval process to perform their tasks.
Which action can each participant perform? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:




Answer :

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/fin-and-ops/organization-administration/workflow-actions

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


Answer : D

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


Answer : C

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/intercompany-accounting-setup

DRAG DROP -
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.
NOTE: Each correct selection is worth one point.
Select and Place:




Answer :

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/funds-public-sector

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


Answer : C

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-accounts-payable-invoice-matching-validation

DRAG DROP -
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
You need to configure the system to support collection letter functionality and processing.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Select and Place:




Answer :

References:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/

HOTSPOT -
You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight amount in the invoice to be paid to the vendor and record the expense in main account 600120 "" Freight In.


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.
Hot Area:



Answer :

HOTSPOT -
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days, and a discount of one percent if it paid in 14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:




Answer :

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. Add a new or existing contact person to the vendor accounts that they are a contact for
  • B. View consignment inventory
  • C. Request a new user account for a contact person by using the Provision user action
  • D. View and modify contact person information, such as the person"™s title, email address, and telephone number


Answer : B

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-vendor-collaboration

A client uses Dynamics 365 for Finance and Operations for accounts receivable.
You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.
Which item should you set up as mandatory?

  • A. Select bank transaction type
  • B. Select payment reference
  • C. Select Payment ID
  • D. Select Deposit slip


Answer : B

HOTSPOT -
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 charge.
-> 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.
Which functionality should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:




Answer :

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-collections-information

HOTSPOT -
A client confirms a sales order in Dynamics 365 for Finance and Operations.
You are viewing the confirmed sales order.


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.
Hot Area:



Answer :

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Exam contains 62 questions

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