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 default financial dimensions on expense accounts only.
Does the solution meet the goal?
A. Yes
B. No
Show Answer
Correct Answer: B
Explanation: Configuring default financial dimensions on expense accounts only does not control whether dimensions are selectable. Users could still select financial dimensions on balance sheet accounts. To meet the requirement, the account structure (or advanced rules) must restrict dimensions by main account type. Therefore, the solution does not meet the goal.
Question 145
HOTSPOT
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A company charges customers for freight costs. These charges are not added to the items on the order.
You need to configure the charge code for Accounts receivable.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Explanation: Freight is charged separately to the customer, so the customer account is debited. The freight charge represents revenue, which is credited to a ledger (freight revenue) account, not tied to an item.
Question 146
HOTSPOT -
You create a financial dimension set named MA + DEPT + PROJ as shown in the following screenshot. The financial dimension set includes the following dimensions:
✑ Main Account
✑ Department
Project -
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
Hot Area:
Show Answer
Correct Answer: The named dimensions are selected and in the correct order
Rebuild balances
Explanation: The financial dimension set shows Main Account, Department, and Project selected in the intended sequence. When balances are created for a new dimension set, the available option is to rebuild balances so existing ledger balances align with the new dimension structure.
Question 147
You are implementing Dynamics 365 Finance.
You need to enable electronic fund transfers (EFT) for vendors.
Which three steps must you complete? Each correct answer presents pail of the solution.
NOTE: Each correct selection is worth one point.
A. Enable the EFT format as a method of payment within Accounts payable.
B. Import a new Electronic reporting (ER) configuration into Lifecycle Services (LCS).
C. Import the X++ file format.
D. Import the payment model into the Electronic reporting (ER) repository.
E. Export Electronic reporting (ER) configuration from Lifecycle Services (LCS).
Show Answer
Correct Answer: A, B, D
Explanation: To enable EFT for vendors in Dynamics 365 Finance, you must configure both Accounts payable and Electronic Reporting (ER). You enable EFT as a payment method in Accounts payable (A). EFT file generation relies on ER, so you must obtain the required ER format by importing it from Lifecycle Services into the ER workspace (B), and you must also import the required payment model into the ER repository so the format can run (D). X++ formats are not used for EFT, and exporting ER configurations from LCS is not a required setup step.
Question 148
DRAG DROP
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A company is implementing Dynamics 365 Finance.
The company maintains two different bank accounts from the same bank.
You need to set up and generate positive pay for the bank accounts.
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: Set up a transformation input format file for the bank.
Set up the numbering sequence on the Cash and bank management parameters page.
Generate the positive pay file for the bank accounts.
Confirm the positive pay file.
Explanation: Positive pay requires a bank-level format and a numbering sequence before files can be generated. After generation, the file must be confirmed to finalize it. Recall is optional and only used if changes are needed.
Question 149
You are migrating data from a legacy system to Dynamics 365 Finance.
The legacy customer master data does not include a customer grouping. Customers must be assigned to a group.
You need to configure the posting profile.
What should you set up?
A. an interest code for a group of customers
B. a revenue account for sales orders transactions for a group of customers
C. terms of payment for a group of customers
D. a payable account for specific customers
Show Answer
Correct Answer: A
Explanation: In Dynamics 365 Finance, customer posting profiles require customers to belong to a customer group. Revenue accounts are not defined in the customer posting profile; they are derived from item posting profiles. Interest codes, however, are configured and assigned by customer group, making them a valid setup element when defining or using customer groups needed for posting profiles during migration.
Question 150
You are implementing Dynamics 365 Finance.
Subledger entries must transfer automatically to the general ledger.
You need to configure a batch transfer rule.
Which two options should you select? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point
A. Asynchronous
B. Scheduled batch
C. Batch jobs
D. Scheduler job
Show Answer
Correct Answer: A, B
Explanation: In Dynamics 365 Finance, batch transfer rules define how subledger entries are automatically transferred to the general ledger. The valid transfer modes are **Asynchronous** and **Scheduled batch**. Asynchronous triggers the transfer automatically immediately after subledger posting using batch processing, while Scheduled batch places the transfers into a queue that runs based on a defined batch schedule. Options like Batch jobs or Scheduler job are not selectable transfer modes in the batch transfer rule configuration.
Question 151
A customer uses bank reconciliation functionality in Dynamics 365 Finance.
The customer finds a transaction in a closed fiscal period that must be corrected.
You need to correct the transaction.
How should you make this correction?
A. Use the Correction amount field.
B. Open the fiscal pend.
C. Create a new line for the transaction in the closed period.
D. Create a new line for the transaction in an open period.
Show Answer
Correct Answer: D
Explanation: In Dynamics 365 Finance bank reconciliation, transactions in closed fiscal periods cannot be edited or corrected using the Correction amount field. Reopening a closed period is not recommended. The correct approach is to create a new correction line dated in an open fiscal period, using the same financial dimensions and appropriate offset account, which preserves auditability and complies with period controls.
Question 152
A company has implemented Dynamics 365 Finance.
The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance.
You need to configure the system to remit tax payments.
What should you do?
A. Associate the vendor record to the tax authority.
B. Set up a customer record for the tax authority.
C. Associate the vendor record to the settlement period.
D. Set up the jurisdiction and associate the jurisdiction to the tax authority.
Show Answer
Correct Answer: A
Explanation: To remit tax payments in Dynamics 365 Finance, each tax authority must be linked to a vendor record. This allows the sales tax settlement process to generate payable transactions so the company can pay the tax authority. Therefore, you associate the vendor record to the tax authority.
Question 153
A company uses Microsoft Dynamics 365 Finance. You are evaluating delinquent customers. You examine aging balances and determine that a customer's balance must be written off.
You need to use journal lines to perform the write-off process.
Which two journal line types will be created? Each correct answer presents part of the solution.
NOTE: Each correct selectin is worth one point.
A. General ledger entry
B. Not sufficient funds (NSF) payment entry
C. Customer entry
D. Item transaction entry
Show Answer
Correct Answer: A, C
Explanation: Writing off a customer balance in Dynamics 365 Finance uses a write-off journal that posts to the general ledger and clears the customer subledger. This creates a General ledger entry to record bad debt/write-off expense and a Customer entry to reduce the customer’s accounts receivable balance. No NSF or item transactions are involved.
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