DRAG DROP

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 useTo 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.

Select and Place:

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 PandL 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:

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:

HOTSPOT

A client confirms a sales order in Dynamics 365 Finance.

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:

DRAG DROP

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.

Select and Place:

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.

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Set the Delete close of year transactions option to Yes.

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Set the Create closing transactions during transfer option to Yes.

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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.

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Set the Financial dimensions will be used on the Opening transactions option to Yes.

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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

You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.

You need to configure the Microsoft Dynamics Finance system to classify costs according to their behavior in relation to changes in key business activities.

Which of the following should you configure?

A. Cost classification

B. Cost behavior

C. Allocation base

D. Cost elements

You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system. The company consists of two legal entities.

You need to configure account structures.

Which two of the following statements are true?

A. You can create multiple account structures per legal entity.

B. Account structures cannot be reused across multiple legal entities.

C. If you change an account structure, posted transactions are not affected.

D. There is no limit to the number of segments in an account structure.

You work as the Finance Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

Budgets have been configured and approved for the upcoming fiscal period.

You need to configure budget control to allow only specific users to post transactions that exceed the budget.

Which of the following should you configure?

A. Budget groups

B. Main accounts

C. Over budget permissions

D. Budget allocations

E. Budget models

You need to configure the financial reporting fiscal calendar for CustomerX. What should you do?

A. Use the ledger calendar to set up the 4-5-4 calendar.

B. Configure the fiscal calendar to include a 13 th closing period.

C. Configure the ledger calendar to include a 13 th closing period.

D. Use the closing period adjustments form.