QUESTION NO: 1
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.
To complete this task, sign in to the Dynamics 365 portal.
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.
To complete this task, sign in to the Dynamics 365 portal.
Correct Answer:
See explanation below.
* Click General ledger > Reports > Transactions > Trial Balance
* Enter the Start and End dates for the report.
* Click Destinations ... to specify how you want to 'print' the report.
* Select File as the destination.
* Select the Downloads\Trial folder for the location.
* Select Microsoft Excel for the file format.
* Click OK to close the 'Print destination settings' form.
* Click OK to 'print' (save) the report to the selected destination.
* Click General ledger > Reports > Transactions > Trial Balance
* Enter the Start and End dates for the report.
* Click Destinations ... to specify how you want to 'print' the report.
* Select File as the destination.
* Select the Downloads\Trial folder for the location.
* Select Microsoft Excel for the file format.
* Click OK to close the 'Print destination settings' form.
* Click OK to 'print' (save) the report to the selected destination.
QUESTION NO: 2
An organization plans to set up intercompany accounting between legal entities within the organization.
Automatic transactions between legal entities must meet the following requirements:
* Provides systemwide integration and streamlining to save time
* Minimizes 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.
An organization plans to set up intercompany accounting between legal entities within the organization.
Automatic transactions between legal entities must meet the following requirements:
* Provides systemwide integration and streamlining to save time
* Minimizes 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.
Correct Answer: A,C,D
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QUESTION NO: 3
You need to determine the root cause for User1's issue.
Which configuration options should you check? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
You need to determine the root cause for User1's issue.
Which configuration options should you check? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Correct Answer:
Explanation:
QUESTION NO: 4
You need to reconfigure the taxing jurisdiction for Humongous insurance's subsidiary What should you do?
You need to reconfigure the taxing jurisdiction for Humongous insurance's subsidiary What should you do?
Correct Answer: D
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QUESTION NO: 5
You are using Microsoft Excel to complete budget planning for the next fiscal year.
Budget template data must be gathered in real time from Dynamics 365 Finance during the budget planning process.
You need to create a budget planning template by using Microsoft Excel.
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.
You are using Microsoft Excel to complete budget planning for the next fiscal year.
Budget template data must be gathered in real time from Dynamics 365 Finance during the budget planning process.
You need to create a budget planning template by using Microsoft Excel.
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.
Correct Answer:
Explanation:
QUESTION NO: 6
You need to setup 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.
You need to setup 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.
Correct Answer:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management
/prerequisites-standard-costs
QUESTION NO: 7
You are a functional consultant for Contoso Entertainment System USA (USMF).
You plan to run several reports in USMF that list all the write-off transactions.
You need to replace the write-off reason used by the system for USMF to use a reason of "Bad debts.
To complete this task, sign in to the Dynamics 365 portal.
You are a functional consultant for Contoso Entertainment System USA (USMF).
You plan to run several reports in USMF that list all the write-off transactions.
You need to replace the write-off reason used by the system for USMF to use a reason of "Bad debts.
To complete this task, sign in to the Dynamics 365 portal.
Correct Answer:
See explanation below.
Explanation:
You need to add a write-off reason for USMF and set it as the default.
* Go to Navigation pane > Modules > Credit and collections > Setup > Accounts receivable parameters.
* Click the Collections tab.
* Click the Edit icon in the Write-Off section.
* Add a new Write-Off reason if it doesn't exist.
* Tick the "Default" checkbox next to the new Write-Off reason.
* Click the Save button to save the changes.
Explanation:
You need to add a write-off reason for USMF and set it as the default.
* Go to Navigation pane > Modules > Credit and collections > Setup > Accounts receivable parameters.
* Click the Collections tab.
* Click the Edit icon in the Write-Off section.
* Add a new Write-Off reason if it doesn't exist.
* Tick the "Default" checkbox next to the new Write-Off reason.
* Click the Save button to save the changes.
QUESTION NO: 8
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 apply advanced rules.
Does the solution meet the goal?
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 apply advanced rules.
Does the solution meet the goal?
Correct Answer: A
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QUESTION NO: 9
You are implementing Dynamics 365 Finance.
You commonly complete the sale of goods across international borders.
You need to configure the system.
What should you use?
You are implementing Dynamics 365 Finance.
You commonly complete the sale of goods across international borders.
You need to configure the system.
What should you use?
Correct Answer: C
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