You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact.
You need to assign the Vendor (external) role to this vendor.
Which task can this vendor perform?
A. View consignment inventory.
B. Add a new or existing contact person to the vendor accounts that they are a contact for.
C. Deny or allow a contact person’s access to documents on the vendor collaboration interface that are specific to the vendor account.
D. Delete any contact person that they have created.
Show Answer
Correct Answer: A
Explanation: The Vendor (external) security role provides basic vendor collaboration capabilities, including viewing information such as consignment inventory. Managing other vendor contacts and their permissions requires elevated roles (such as Vendor administrator (external)), so adding contacts, changing document access, or deleting contacts are not permitted with the basic Vendor (external) role.
Question 135
A customer implements Dynamics 365 Finance and wants to use the recurring invoice feature for accounts receivable.
The recurring invoice template includes the start date and frequency. However, when the Generate recurring invoices job processes, invoices are not created despite the criteria being met.
You need to ensure that invoices are generated.
What should you do?
A. Assign an invoice template to a customer on the invoice tab of the customer record.
B. Set the maximum billing amount on the recurring invoke template.
C. Associate a customer to the invoice template on the invoice template form.
D. Assign an invoice template to the customer posting profile.
Show Answer
Correct Answer: A
Explanation: Recurring free text invoices are generated only for customers that have a recurring/free text invoice template assigned on the customer record. Having a template defined is not sufficient by itself; it must be linked to the customer so the generation job can create invoices according to the configured start date and frequency. The other options are not required to enable invoice generation.
Question 136
You have implemented Dynamics 365 Finance.
You must update the fiscal year to a 4-4-5 quarterly configuration.
You need to configure the fiscal year.
What should you do?
A. Set up the length of the period to 1 year and divide the period according to the quarterly configuration.
B. Configure the period length to 12 months and adjust the ending date of each period.
C. Configure the period length to 1 year and adjust the ending date of each period.
D. Set up the length of the period to 13 months.
Show Answer
Correct Answer: A
Explanation: A 4-4-5 fiscal calendar is configured by creating a fiscal year and dividing it into periods that follow the 4-4-5 pattern (quarters made up of 4-week, 4-week, and 5-week periods). You create a one-year fiscal year and divide it according to the quarterly configuration. Setting the period length to 13 months is incorrect because a 4-4-5 calendar has 13 accounting periods, not 13 months. Simply adjusting month end dates does not correctly model a week-based 4-4-5 calendar.
Sources:
https://learn.microsoft.com/en-us/training/paths/configure-use-general-ledger-dyn365-finance
https://learn.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-ledger
Question 137
The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review.
You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller s needs.
Which functionality should you configure?
A. an Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name
B. an alert that is sent to the controller when a journal name is created
C. a manual journal approval with the journal assigned to the controller’s user group
D. the controller’s security role so that he has approval privileges for General ledger journals
Show Answer
Correct Answer: A
Explanation: In Dynamics 365 Finance, the recommended system-led approach for requiring review before General ledger journals are posted is to configure a workflow. An Advanced ledger entry workflow associated with the Advanced ledger journal name can route journals for approval using the organizational hierarchy before posting. Alerts do not enforce approval, manual journal approval tied to user groups reflects older AX functionality rather than the workflow-based approach in Dynamics 365 Finance, and security-role approval privileges alone do not create a review process.
Question 138
DRAG DROP
-
A company is implementing Microsoft Dynamics 365 Finance.
The company has multiple vehicles. You depreciate all vehicles by using the straight-line service life depreciation method. The same ledger account is used to record the transaction when vehicle assets are acquired.
You need to configure the vehicles as fixed assets in the system.
Which feature should you use? To answer, drag the appropriate features to the correct requirements. Each feature 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.
Show Answer
Correct Answer: Ledger accounts for acquisition — Fixed asset groups
All vehicles with same depreciation — Fixed asset type
Explanation: Fixed asset groups define posting accounts such as acquisition ledger accounts. Fixed asset types define default depreciation settings, including the straight-line service life method, for similar assets like vehicles.
Question 139
You are using Microsoft Dynamics 365 Finance.
You need to acquire a fixed asset.
What are three possible ways to achieve the goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. Use a sales invoice.
B. Select a fixed asset account type and transaction type acquisition in a general journal.
C. Select a fixed asset procurement category on the purchase order line.
D. Use a budget plan.
E. Eliminate an investment project once it is finished.
Show Answer
Correct Answer: B, C, E
Explanation: Fixed assets in Dynamics 365 Finance can be acquired through a general journal by using a fixed asset account with the Acquisition transaction type, through procurement by assigning a fixed asset procurement category on a purchase order line, or by capitalizing/eliminating a completed investment project into a fixed asset. A sales invoice is used for selling, not acquiring, assets, and a budget plan does not create a fixed asset acquisition.
Question 140
A company implements basic budgeting functionality in Dynamics 365 Finance in multiple departments that belong to the same legal entity.
Managers must be able to identify and track budgets by department.
You need to configure the system.
What should you configure?
A. Budget model with sub-models
B. Budget transfer rules
C. Budget codes and budget types
D. Budget entries workflows
Show Answer
Correct Answer: A
Explanation: To identify and track budgets by department within the same legal entity using basic budgeting, configure a budget model with sub-models. The parent budget model can represent the overall budget while sub-models represent departmental budgets, enabling separate tracking and reporting. Budget transfer rules govern transfers, budget codes/types classify transactions, and workflows control approvals rather than departmental budget organization.
Question 141
HOTSPOT -
A company uses Dynamics 365 Finance.
The company requires a receipt for any employee expense that is $25 of more.
You need to configure an expense management policy.
How should you configure the expense receipt required rule detail? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Show Answer
Correct Answer: Where: Transaction Amount
Operator: Greater than or equal to
Value: 25
And: Receipt attached = No
Do the following: Do not allow users to submit or approve and display error message.
Explanation: Require a receipt only when the transaction amount is $25 or more. If no receipt is attached, block submission/approval and show an error to enforce the policy.
Question 142
HOTSPOT -
You are implementing Microsoft Dynamics 365 Finance.
You need to implement processes for updating fixed assets and creating fixed asset transactions.
Which process should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Show Answer
Correct Answer: Mass transfer
Mass update
Reclassification
Explanation: Mass transfer changes financial dimensions for assets/value models. Mass update updates asset properties such as depreciation convention. Reclassification changes the asset group and creates transactions to reflect the new asset group.
Question 143
A company uses Microsoft Dynamics 365 Finance to manage fixed assets.
The company uses laptops for three years and then sells the laptops externally.
You need to process laptop sales.
What should you do?
A. Create a fixed asset disposal journal.
B. Use a free text invoice to record the sale.
C. Create a sales order for the sale of the asset.
D. Use an inventory movement journal to record the disposal.
Show Answer
Correct Answer: B
Explanation: For selling a fixed asset to an external customer in Dynamics 365 Finance, use a free text invoice. The free text invoice integrates with Accounts Receivable and triggers the fixed asset disposal using the fixed asset posting profile (Disposal - sale), recognizing any gain or loss while invoicing the customer. A disposal journal is used for disposals but is not the recommended process for invoiced external asset sales.
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