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Question 51

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

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Question 52

DRAG DROP -
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:

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Question 53

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

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Question 54

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are configuring the year-end setup in Dynamics 365 Finance.
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 Yes.
✑ 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 Yes.
Set the Transfer profit and loss dimensions 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

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Question 55

DRAG DROP -
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:

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Question 56

HOTSPOT -
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:

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:

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Question 57

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.
NOTE: Each correct selection is worth one point.
Hot Area:

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Question 58

DRAG DROP -
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.
Select and Place:

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Question 59

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.
NOTE: Each correct selection is worth one point.

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.

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Question 60

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

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Question 61

SIMULATION -
You are a functional consultant for Contoso Entertainment System USA (USMF).
USMF plans to implement a new manufacturing department that will be based in Australia.
You need to create a draft account structure for the new department. The account structure must use the same account structure as a department named
Manufacturing India and be named Manufacturing Australia.
To complete this task, sign in to the Dynamics 365 portal.

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Question 62

SIMULATION -
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.

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Question 63

SIMULATION -
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder.
To complete this task, sign in to the Dynamics 365 portal.

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Question 64

Set the Delete close of year transactions option to No.
Set the Create closing transactions during transfer option to No.
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 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

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Question 65

You are a Dynamics 365 Finance expert for an organization.
You need to configure the Financial period close workspace.
Which three configuration processes should you use? Each correct answer presents a part of the solution.
NOTE: Each correct selection is worth one point.

A: 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.
C: Assign a ledger calendar to the closing process.
D: Create task areas and descriptions.
E: Designate resources and their scope based on closing roles.

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Question 66

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

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Question 67

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.
NOTE: Each correct selection is worth one point.

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.

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Question 68

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.

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Question 69

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.
NOTE: Each correct selection is worth one point.

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.

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Question 70

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

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Question 71

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.
NOTE: Each correct selection is worth one point.

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.

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Question 72

SIMULATION -
You are a functional consultant for Contoso Entertainment System USA (USMF).
USMF recently opened a new bank account in the Brazilian currency.
You need to create a new bank account in the system for the new bank account.
To complete this task, sign in to the Dynamics 365 portal.

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Question 73

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: Create an access group called month end access for Accounts payable and General ledger team members.
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
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.

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Question 74

An organization is upgrading to Dynamics 365 Finance.
One of the organization's legal entities needs to have different main accounts for a period of six months.
You need to configure the legal entity override dates.
Which two actions can you perform? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.

A: 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.

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Question 75

HOTSPOT -
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.
NOTE: Each correct selection is worth one point.
Hot Area:

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Page 3 of 16 • Questions 51-75 of 390

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