A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 for Finance and Operations for cash settlements. What should you do? A. Configure combined deposit amounts B. Configure budget appropriations C. Configure general ledger year-end close D. […]

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, Accounts receivable, Bank, Budget, Payroll, and Purchasing B. Accounts payable, Bank, Budget, Fixed assets, and Payroll C. Accounts payable, Accounts receivable, Fixed […]

A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. […]

An organization uses Dynamics 365 for Finance and Operations. Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting. You need to prevent these invalid combinations. What should you do? A. Configure the account structure to specify which financial dimensions are valid for which main accounts. B. Train […]

A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee’s pay. Transactions for new employees must be recognized in the general ledger based upon the […]

A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements: • Distribute overhead utility expense to each department. • Define how and in what proportion the source amounts must be distributed on various destination lines. You need to configure the allocation rule. Which allocation […]

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 […]

An organization is setting up a 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 […]

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 company is preparing to complete a year-end close process. You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Configure the Fiscal year close parameters B. Configure […]