A company has many customers who are not paying invoices on time.
You need to use the collection letter functionality to manage customer delinquencies.
What are two possible ways to achieve the goal? Each correct answer presents part of the
solution.
NOTE: Each correct selection is worth one point.
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A.

Cancel the collection letters after they are created and posted.

B.

Print all of the collection letters.

C.

Delete the collection letters after posting when an error occurs.

D.

Post the collection letters.

A client is implementing the Budgeting module in Dynamics 365 Finance.
You need to configure the correct budget control area to meet the client's requirements.
Track budgeting control on purchase requisitions.
Include unposted actual transactions in the calculation of the remaining budget for
the period.
Allow specific individuals to post transactions that exceed the budget

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 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

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.

You are a controller in an organization. You are identifying cost drivers to see how changes
in business activities affect the bottom line of your organization. You need to assess cost
object performance to analyze actual versus budgeted cost and how resources are
consumed.
You need to demonstrate your understanding of cost accounting terminology.
Which component maps to the cost accounting terminology?
To answer, drag the appropriate component to the correct cost accounting terminology.
Each source may be used once. You may need to drag the split bar between panes or
scroll to view content.
NOTE: Each correct selection is worth one point

You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and
Operations. You are viewing the main accounts,

A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders.
You need to automatically calculate sales tax when the sales order is created.
Which three actions should you perform? Each correct answer presents part of the
solution.
NOTE: Each correct selection is worth one point

A.

Assign values to the sales tax codes and assign the sales tax codes to the sales tax
group associated to
the customer.

B.

Assign all sales tax codes to the item sales tax group associated to the item being sold.

C.

Set up a default item sales tax group on the item being sold and set up a default sales
tax group on the
custo

D.

Associate the sales tax jurisdictions to the item sales tax group associated to the item
being sold.
E. Set up a default sales tax code on the customer used on the sales order and set up a
default item sales tax
group on the item being sold.

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 multiple legal entities set up in Dynamics 365 Finance. All companies and data
reside in Dynamics 365 Finance.
The client currently uses a separate reporting tool to perform their financial consolidation
and eliminations. They want to use Dynamics 365 Finance instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate online in Dynamics 365 Finance. Include eliminations during
the process or as a proposal. Set up the transactions to post in the legal entity configured
for consolidations.
Does the solution meet the goal?

A.

Yes

B.

No

You are creating a payment proposal that shows invoices that are eligible to be paid.
You display the Accounts payable Payment proposal screen from the Accounts payable
payment journal.

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.

the Sales tax group on the Customer record

B.

the Terms of delivery setup

C.

the Item Sales tax group on the Item record

D.

the Sales reporting codes

E.

the Sales tax codes

An organization plans to use defined journal names for each purpose. They want to ensure
that journal
processing is easier and more secure.
The organization has the following requirements:
Set up restrictions on the account type and segment values.
Capture data accurately for offset accounts, currency, and financial dimensions.
Maintain internal control and establish materiality limits.
You need to set up journal name elements to meet these requirements.
Which three journal elements should you configure? Each correct answer presents part of
the solution.
NOTE: Each correct selection is worth one point.

A.

workflow approval

B.

account type

C.

journal type

D.

default values

E.

journal control

You are setting up a budget plan to accurately portray the projected budget for a company.
You need to select the appropriate allocation method for data distribution.
Which allocation methods should you use? To answer, select the appropriate configuration
in the answer area.
NOTE: Each correct selection is worth one point.