NEW QUESTION 1
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 for Finance and Operations. 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 in to 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 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’ option to Close All.
Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?

• A. Yes
• B. No

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

NEW QUESTION 2
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning. You need to invoke allocations at a specific budget planning stage.
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-all

NEW QUESTION 3
You are a Dynamics 365 Finance and Operations functional consultant A legal entity processes and settles vendor payments :on behalf of other legal entities in an organization.
You need to configure the centralized payment flow for the legal entity.
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up-cent

NEW QUESTION 4
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data. You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-f

NEW QUESTION 5
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 payment reference
• B. Select bank transaction type
• C. Select Deposit slip
• D. Select Payment ID

Answer: A

NEW QUESTION 6
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 company is preparing to complete yearly budgets.
The company plans to use-pie Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Create budget plans to define the revenues for a budget Does the solution meet the goal?

• A. Yes
• B. No

Answer: B

NEW QUESTION 7
A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.
You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation,
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.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 8
An organization is setting up cost accounting.
You need to set up fiscal calendars for Dynamics 365 for Finance and Operations.
What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

• A. standard work hours
• B. financial transactions
• C. fixed asset depreciation
• D. budget cycles
• E. shift work hours

Answer: BCD

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal-ye

NEW QUESTION 9
A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your client requires the ability to plan for a one-year, three-year, and five-year budget. You need to configure the various year length options to be used in the budgeting module. What should you do?

• A. Configure budget control.
• B. Configure budget codes.
• C. Configure budget allocation terms.
• D. Configure budget cycles.

Answer: B

NEW QUESTION 10
A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting. Which set of actions must you perform?
Which set of actions must you perform?

• A. Option A
• B. Option B
• C. Option C
• D. Option D

Answer: D

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/basic-budgeting-overvie

NEW QUESTION 11
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations,
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations, They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Create a separate company in which you manually create the eliminations. Then, use that company in Financial reporting or in the consolidation process.
Does the solution meet the goal?

• A. Yes
• B. No

Answer: A

Explanation:

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-eliminatio

NEW QUESTION 12
A client has unique accounting needs that sometimes require posting definitions. You need to implement posting definitions.
In which situation should you implement posting definitions?

• A. when financial dimensions need to default from the main account onto an invoice
• B. when using encumbrance accounting for purchase orders
• C. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
• D. when creating one offset ledger entry based on transaction type

Answer: B

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/posting-definitions

NEW QUESTION 13
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets – vehicles in the wrong fixed asset group.
You need to achieve the following:
Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any information
that was set up for the original fixed asset is copied to the new fixed asset.
Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group.
Ensure that the historical transactions are transferred to the new fixed asset.
Ensure Historical Depreciation expense entries do not change.
What should you do?

• A. Reclassify the fixed asset
• B. Change the fixed asset group and keep the same fixed asset number
• C. Copy the fixed asset
• D. Transfer the fixed asset

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassify-fixed-a

NEW QUESTION 14
You work for a company that receives invoices in foreign currencies.
You need to configure the currency exchange rate providers and exchange rate types. What should you do?

• A. Use a developer to write the HTML key values code to configure the currency exchange rate providers.Then, use the provider for importing a currency exchange rate type.
• B. Configure exchange rate provider, create exchange rate type, and import the currency exchange rates.
• C. Select the appropriate HTML key values from the available exchange rate provider
• D. Then, use the provider for importing one currency exchange rate type.
• E. Use a developer to write the XML key values code to configure the currency exchange rate providers.Then, use the provider for importing a currency exchange rate type.

Answer: B

Explanation:
References:
https://community.dynamics.com/365/financeandoperations/b/365operationsbysandeepchaudhury/posts/configur

NEW QUESTION 15
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.
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.

• A. Mastered
• B. Not Mastered

Answer: A

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

NEW QUESTION 16
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 company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Create budget plans for multiple scenarios. Does the solution meet the goal?

• A. Yes
• B. No

Answer: A

NEW QUESTION 17
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 18
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. all financial dimensions by using the group dimension functionality
• C. two financial dimension sets
• D. two derived financial dimension hierarchies

Answer: C

NEW QUESTION 19
A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.
You need to set up cost versions and prices to accomplish the manufacturer's goal.
For which purpose should you use each costing type? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versio

NEW QUESTION 20
You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts, The company wants to import their bank statements.
You need to import electronic bank statements to reconcile the bank accounts.
Which three actions can you perform? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

• A. Select all the bank accounts for the bank statement files, and then upload all files
• B. Select Account reconciliation on the bank account form
• C. Import bank statements from the Data management workspace
• D. Navigate to Import statement on the Bank Statements page of Cash and Bank Management
• E. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file

Answer: BDE

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/reconcile-b

NEW QUESTION 21
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 two-way matching 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 non-required 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

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

NEW QUESTION 22
You are configuring budgeting components in Dynamics 365 for Finance and Operations. You need to configure multiple budgets.
What are three budgeting options you can use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

• A. Cost management budget, including Production and Resource groups
• B. Sales budget, including Campaigns and Events
• C. Workforce budget, including Compensation groups and Positions
• D. Project budget, including Items and Fees
• E. Ledger budget, including Revenue and Expense types

Answer: CDE

NEW QUESTION 23
A rental service company hires you to configure their system to implement accrual schemes. You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 24
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets - vehicles in the wrong fixed asset group.
You need to achieve the following;
• Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
• Ensure that all value models for the existing fixed asset are created for the new fixed asset Any information that was set up for the original fixed asset is copied to the new fixed asset.
• Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets
group.
What should you do?

• A. Reclassify the fixed asset.
• B. Copy the fixed asset.
• C. Change the fixed asset group
• D. Transfer the fixed assets.

Answer: D

NEW QUESTION 25
You are configuring Dynamics 365 for Finance and Operations,
You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions?

• A. Accounts payable, Ban
• B. Budget Fixed assets, and Payroll
• C. Accounts payable, Accounts receivable, Budget, and Fixed, assets
• D. Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
• E. Accounts payable, Accounts receivabl
• F. Ban
• G. Budget, Payroll, and Purchasing

Answer: D

NEW QUESTION 26
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