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: Lost in the mail to vendor and AP manager reversed the payment transaction → Cancelled
Rejected from the payment transfer form → Void
Either generated or generated and posted → Paid
Fixed check number method and unused checks are available in the system → Created
Explanation: Cancelled: payment is reversed after issue.
Void: payment is rejected/invalidated during transfer.
Paid: check is generated and posted (settled).
Created: check numbers are reserved/unused with fixed numbering.
Question 94
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: To allocate a parent company budget to franchises that are separate legal entities, Dynamics 365 Finance uses **budget allocation terms** with the allocation method **Allocate to dimensions**. This approach is specifically designed to distribute budget amounts across financial dimensions such as legal entities based on defined rules (for example, past performance). Ledger allocation rules apply to actuals, period allocation keys only spread amounts over time, and Distribute/Aggregate do not allocate across legal entities without allocation terms.
Question 95
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: B
Explanation: In Dynamics 365 Finance, restricting a journal so that only a specific user group can select it is done by marking the journal name as **Private** and assigning the appropriate **User group**. The **Blocking** setting is unrelated to access control and is used to prevent a journal from being used at all. Because the proposed solution relies on configuring blocking, it does not correctly meet the requirement.
Question 96
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 invoice aging to determine when actions are triggered, which requires Aging period definitions. They also require a Collections process hierarchy to define the rules, priorities, and actions (such as emails or activities) that are generated automatically. Quiet days are optional settings within the hierarchy, not a primary required configuration.
Question 97
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: In Dynamics 365 Finance, a **bank group** stores shared/default information for a bank (such as bank name and details) and is used to default that information when new bank accounts are created. Individual **bank accounts** are then created under those banks and represent each of the nine actual accounts; balances are maintained and updated at the bank account level. Therefore, bank group and bank account together meet the requirements.
Question 98
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: Financial reporting requirements that need year-end adjustments separated from normal operating periods are handled by adding a dedicated closing period to the fiscal calendar. Configuring a 13th closing period allows organizations to post audit and adjustment entries without affecting operational periods. Ledger calendars and closing adjustment forms do not define reporting structure, and a 4-5-4 calendar is unrelated. Therefore, configuring the fiscal calendar to include a 13th closing period is the correct action.
Question 100
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: In Dynamics 365 Finance, the association of legal entities to fixed assets is done through fixed asset books. To ensure that specific books (for accounting and tax legal entities) are automatically assigned when a new asset is created in a given fixed asset group, you must configure the **group book setup** for that fixed asset group. Group book setup defines which fixed asset books are automatically created for new assets in the group. Creating a new book or depreciation profile alone does not ensure automatic association, and posting profiles are unrelated to legal entity/book assignment.
Question 101
DRAG DROP
-
A company uses the basic budgeting functionality in Dynamics 365 Finance. You are creating the budget in the system for the upcoming fiscal year.
The company uses budget workflow approvals to process budget entries. The company plans to split a business unit named IT and Infrastructure into two business units: Business Applications and IT Infrastructure.
You need to create the budget for the two business units based on 1.5 times the original business unit actuals from the past year.
Which four 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.
Show Answer
Correct Answer: On the Budget register entry form, select the budget model corresponding to the new fiscal year.
In the Allocate to dimensions form, select the appropriate predefined allocation term for splitting the budget balance between both business units.
In the Transfer balances form, filter on the IT and Infrastructure business unit and enter a factor of 1.5 for the last fiscal year selection.
Submit the Budget register entry to the approval workflow.
Explanation: First choose the correct budget model for the new fiscal year. Then define how the budget will be split using an allocation term. Next, bring in last year’s actuals and increase them by a factor of 1.5 using Transfer balances. Finally, submit the budget register entry for workflow approval.
Question 102
A company implements basic budgeting functionality in Dynamics 365 Finance.
The company wants to allocate budget register entries for sales expense amounts to each period based on a predetermined percentage.
You need to configure the allocation.
Which functionality should you use?
A. Budget control
B. Budget transfer rule
C. Allocation term
D. Period allocation key
Show Answer
Correct Answer: D
Explanation: In Dynamics 365 Finance budgeting, allocating a budget register entry across fiscal periods based on predefined percentages is done by using a **Period allocation key**. Period allocation keys define the distribution pattern (percentages or ratios) across periods and are applied when allocating budget amounts across periods. Allocation terms are used for allocating amounts across financial dimensions, not time periods, while budget control and transfer rules do not handle period-based percentage allocations.
Question 103
A company implements basic budgeting functionality in Dynamics 365 Finance.
Budget managers must be notified of a budget register posting task after a finance director approves an entry.
You need to configure the system.
Which workflow element should you use?
A. Commitment approval
B. Update budget balances budget register
C. Budget planning stage allocation
D. Approve budget account entry
Show Answer
Correct Answer: D
Explanation: In Dynamics 365 Finance basic budgeting, notifications tied to approval of budget register entries are handled through the budget register entry workflow. The workflow element that represents the approval step and can trigger notifications after a finance director approves the entry is **Approve budget account entry**. The other options relate to commitment control or budget planning, not to approval and notification of budget register postings.
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