HOTSPOT
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You manage a Dynamics 365 Finance implementation.
New system users are incorrectly posting payment transactions. You must use payment controls for bank payments by using checks for customer's due invoices to restrict new users from posting to customer payment journals.
You need to set up payment control for validation while using a method of payment in a journal entry.
Which actions should you use? To answer, select the appropriate options in the answer area.
Show Answer
Correct Answer: Verify offset account type selected is bank: Configure an offset account with a type of bank.
Verify check number is entered: Configure check number to be a mandatory value.
Explanation: Payment controls on methods of payment can enforce validation such as requiring a bank offset account and making the check number mandatory before a payment journal can be posted.
Question 94
You are configuring Dynamics 365 Finance.
Transactions are being approved for all sales transactions. This configuration results in numerous fraudulent transactions.
The payment provider requires verification of the following information in order to authorize transactions:
• account holder name
• billing address
• postal code
You need to configure the system to only approve transactions with a verified address.
Which option should you select for credit card authorization?
A. Postal code
B. Billing address
C. Always accept transaction
D. Account holder
Show Answer
Correct Answer: B
Explanation: Select Billing address. In Dynamics 365 Finance, the Billing address authorization option uses Address Verification Service (AVS), which verifies the billing street address together with the postal code supplied for the credit card. This matches the requirement to authorize only transactions with a verified address rather than accepting all transactions or checking only a single field.
Question 95
HOTSPOT -
You need to ensure Trey Research meets the compliance requirement.
Which budget technology should you implement? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. the Excel budget template
B. budget codes
C. budgeting workflows
D. set-based budget processing
Show Answer
Correct Answer: C
Explanation: For a compliance requirement related to controlling and auditing the budget process, budgeting workflows are the relevant budget technology because they enforce review and approval steps and provide an audit trail. Excel budget templates are for data entry, budget codes are for classification, and set-based budget processing is a performance feature for processing budget data in bulk rather than a compliance control.
Question 96
DRAG DROP -
You are processing checks in Dynamics 365 Finance for a client.
You need to identify the outcome of the processed checks.
What is the check status for each scenario? To answer, drag the appropriate check statuses to the scenarios. Each check status 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:
Show Answer
Correct Answer: Void
Cancelled
Paid
Created
Explanation: Void = posted check later reversed (e.g., lost and payment reversed). Cancelled = rejected before completion from the payment transfer form. Paid = generated or generated and posted check that represents a completed payment. Created = unused fixed check numbers reserved/available in the system.
Question 97
You create a parent budget for the next fiscal year of a parent company. The parent company is configured as its own legal entity.
Franchises are configured as separate legal entities. The parent company sets the budget for each franchise based on the past year’s performance.
Ledger allocation rules, periods allocation keys, and budget allocation terms have not been created. Budget line items must be allocated to the budget for each franchise.
You need to ensure the franchise budgets are allocated.
What should you do?
A. Create ledger allocation rules. Set the allocation method to use ledger allocation rules.
B. Create period allocation keys. Set the allocation method to allocate across periods.
C. Set the allocation method to distribute.
D. Set the allocation method to aggregate.
E. Create budget allocation terms. Set the allocation method to allocate to dimensions.
Show Answer
Correct Answer: E
Explanation: Budget allocation to separate legal entities is done by defining budget allocation terms and using the 'allocate to dimensions' allocation method. Ledger allocation rules are for ledger allocations rather than budget planning distribution, period allocation keys spread amounts across time periods, 'distribute' splits lines without targeting legal-entity dimensions, and 'aggregate' combines amounts rather than allocating them.
Question 98
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 company uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure blocking and select private for the user group value.
Does the solution meet the goal?
A. Yes
B. No
Show Answer
Correct Answer: A
Explanation: Setting an accounts receivable journal name as Private and assigning the Accounts Receivable user group restricts the journal so only that user group can select and use it. This satisfies the requirement that the customer payment journal be available only to the accounts receivable user group.
Question 99
A company uses the credit and collections features of Dynamics 365 Finance to track invoices and incoming payments from customers.
You need to configure the automatic collection task.
Which two options should you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Posting profiles
B. Aging period definitions
C. Process hierarchy
D. Quiet days
Show Answer
Correct Answer: B, C
Explanation: Automatic collection tasks rely on aging period definitions to determine when invoices become overdue and qualify for collection actions, and on the process hierarchy to determine how automated collection processes are applied and prioritized across customer pools. Posting profiles are for accounting setup, not collection task automation, and quiet days are an optional scheduling control rather than a core configuration required to set up the automatic collection task.
Question 100
A company has implemented Dynamics 365 Finance.
The company has three different banks where they hold funds. Each bank holds three separate accounts, totaling nine accounts for the company. The system must use default the bank information when a new account is created. All bank balances for a single bank account must be updated simultaneously.
You need to configure the system.
Which two entities should you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. bank account
B. bank reasons
C. bank reconciliation
D. bank group
Show Answer
Correct Answer: A, D
Explanation: Use Bank group to define shared/default bank information for a bank so new bank accounts can inherit the defaults. Use Bank account to create and manage the individual accounts; balances are maintained at the bank account level, and all balances for a given bank account are updated consistently through posted transactions.
Question 101
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.
Show Answer
Correct Answer: B
Explanation: A 13th closing period is configured on the fiscal calendar to separate year-end closing and adjustment entries from normal operating periods for financial reporting. The ledger uses the fiscal calendar; the closing period is not configured on the ledger calendar itself, and the closing period adjustments form is used to post adjustments rather than define the calendar.
Question 103
A company uses Dynamics 365 Finance to manage fixed assets. The company uses a legal entity for accounting and a legal entity for tax purposes. The company has 15 different fixed asset groups.
The company creates a new fixed asset group named Conveyor. You create a new fixed asset that uses the Conveyor fixed asset group. The fixed asset is not associated with a legal entity.
You need to ensure that both legal entities are associated with new fixed assets that you create for the Conveyor group.
What should you configure?
A. a fixed asset posting profile
B. a group book setup
C. a new fixed asset book
D. a new depreciation profile
Show Answer
Correct Answer: B
Explanation: Group book setup defines which fixed asset books are automatically created/associated for assets in a specific fixed asset group. By configuring the Conveyor group's book setup to include both the accounting and tax books, every new asset in that group will automatically receive both book associations. Posting profiles control accounting postings, fixed asset books define book characteristics but do not automatically apply to a group, and depreciation profiles only define depreciation methods.
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