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Log In / Sign UpYou are the fixed asset manager at Contoso, Ltd. You have recently inventoried the companys laptops, identified several laptops that have reached end of life, and decided to sell the laptops.
You need to generate a document and record the sale of each asset.
What should you create?
You are the budget manager at Contoso, Ltd. You have implemented a new policy that requires some departments to have a different budget threshold from other departments.
You need configure Microsoft Dynamics 365 for Finance and Operations to ensure that the new policies are enforced.
What should you configure?
You are working with transactions in the Cash and bank management module.
You need to create a deposit slip.
When creating a deposit slip, which of the following statement is possible?
You are training a new employee. They need to know the items that are required for posting an invoice register.
What are the two required items? Each correct answer presents part of the solution. (Choose two.)
Your company just purchased some highly advanced machines to be used in the manufacturing plant.
Collectively, the equipment cost $5 million with a useful life of 10 years. At that time, they will be sold with an approximate salvage of $100,000.
You must set up the depreciation profile for this equipment in Microsoft Dynamics 365 for Finance and
Operations.
Which two books should you create in this depreciation profile? Each correct answer presents part of the solution. (Choose two.)
You are configuring Microsoft Dynamics 365 for Finance and Operations. You need to allow finance users to acquire assets by creating Fixed assets journals.
Which configuration should you complete to enable this functionality?
You need to set up conditional sales tax on a transaction.
Which two steps are always required, regardless of the country the sales tax is being processed in? Each correct answer presents part of the solution. (Choose two.)
You are consulting with a customer who is implementing Microsoft Dynamics 365 for Finance and Operations for the first time. This customer has income sources in foreign countries and, therefore, will need to perform currency revaluation.
To complete currency setup, which three tasks should be completed before designating main accounts that will be used during the currency revaluation process? Each correct answer presents part of the solution. (Choose three.)
You are assisting a customer with the initial setup of Microsoft Dynamics 365 for finance and Operation.
You need to start the Fiscal Calendar setup process.
Which capability of Microsoft Dynamics 365 for Finance and Operations will meet this customers need?
(Choose two.)
You want to set up centralized payments for all customers in all legal entities. You need to enable this in
Microsoft Dynamic 365 for Finance and Operations.
Which three configurations should you complete? Each correct answer presents part of the solution. (Choose three.)
Over the past few weeks, several payments have posted to Contoso, Ltd. that were not open invoice.
You are tasked with reconciling their account.
Which process in Microsoft Dynamics 365 for Finance and Operations should you use?
The accounting manager for your company has been manually processing payments to sales tax authorities for the past several years. You recently learned that Microsoft Dynamics 365 for Finance and Operations can automate much of those tasks.
You need to configure Microsoft Dynamics 365 Finance and Operations to calculate and make periodic payments to tax authorities automatically.
Which two tasks should be completed to make this configuration? Each correct answer presents part of the solution. (Choose two.)
Your company has enabled commitment accounting.
You need to identify which purchasing scenarios in your company should use the commitment accounting feature.
In which two situations should you use encumbrances? Each correct answer presents a complete solution.
(Choose two.)
You are working in the financial period close workspace.
You want to view the status of tasks that are scheduled to occur next week.
Which filtering option allows you to view these tasks?