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.
DRAG DROP
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 actionsTo answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Select and Place:
HOTSPOT
You need to ensure accounting entries are transferred from subledgers to general ledgers.
How should you configure the batch transfer ruleTo answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
You are setting up the yearly budget for an organization for the year 2019.
You need to set up the budget register entries.
Which two fields must be set up when creating register entriesEach correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Budget cycle
B. Budget manager
C. Budget code
D. Budget model
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
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 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:
1.
Only expense accounts require dimensions posted with the transactions.
2.
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 two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.
Does the solution meet the goal?
A. Yes
B. No
A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system. The company has several departments. You need to configure allocations for the departments. The company has the following requirements for the allocations:
1.
The allocations should be fixed or variable.
2.
Allocation journal entries must be automatically created for review before posting.
You need to configure the system to meet the requirements.
What should you configure?
A. Transfer balance
B. Allocation terms
C. Ledger settlements
D. Ledger allocation rules
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.
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?
A. Yes
B. No
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.
NOTE: Each correct selection is worth one point.
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 and installs air filtering units for industrial manufacturing plants.
The air filtering units are manufactured to order. The company realized the value of the sales in the following manner:
25 percent at the time of the sale 50 percent when the unit is shipped 25 percent when the unit is installed
Additionally, a three-year warranty is sold with each unit. Revenue for the warranty is recognized equally in each year the warranty covers.
You need to configure revenue recognition.
What should you do?
A. Create one revenue schedule with milestones.
B. Create a new revenue schedule for each unit.
C. Create a reallocation posting for the warranty revenue.
D. Create the revenue schedule so that it uses the contract terms.
