HOTSPOT -
Your company uses Dynamics 365 Finance:
You must record an interest expense that occurs every month: It must be recorded the same way each month. Your manager wants each interest posting to use the number scheme “INT-XXXX”, with XXXX representing a sequential number.
You need to configure the system.
What should you create? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Show Answer
Correct Answer: Interest payment: Voucher template
Numbering scheme: Number sequence for the voucher
Explanation: A voucher template is used to repeatedly enter the same journal posting each month. The required INT-XXXX format is configured through the voucher number sequence.
Question 145
A company uses Microsoft Dynamics 365 Finance to manage customer support contracts.
You need to validate a revenue recognition schedule for a customer.
In which two pages can you view the revenue recognition schedule? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point
A. the revenue schedules details
B. an invoiced sales order
C. the revenue schedules
D. an invoiced purchase order
E. the revenue recognition schedule
Show Answer
Correct Answer: B, E
Explanation: You can view a revenue recognition schedule directly from the Revenue recognition schedule page and from an invoiced sales order, which provides access to the associated revenue recognition schedule for the transaction. The Revenue schedules page is primarily for schedule management, and Revenue schedule details is not the standard page cited for validating a customer's revenue recognition schedule. Purchase orders are unrelated to customer revenue recognition.
Question 146
HOTSPOT
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A company manufactures and installs units for industrial manufacturing plans.
Revenue for the units recognized based on a median price when the unit install. A three-year warranty is sold with each unit. Revenue for the warranty is recognized equally in each year the warranty covers.
You need to configure and process revenue recognition.
Which parameter should you configure? To answer select he appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Show Answer
Correct Answer: Exclude from Carve-out
Revenue price
Explanation: Exclude from Carve-out prevents the median price from being adjusted by carve-out allocation beyond configured limits. Revenue price is the parameter used to validate the amount posted during revenue recognition.
Question 147
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 the dimension fields are available based on the selected main account. The requirement is to require dimensions for expense accounts and prevent users from selecting them for balance sheet accounts, which is achieved through account structures and advanced rule structures, not merely by setting default dimensions on expense accounts.
Question 148
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: The freight charge is billed separately to the customer, so the customer's receivable is debited and the offset is credited to a freight revenue ledger account.
Question 149
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 dimension set shows MainAccount, Department, and Project in the intended left-to-right order. After creating a new financial dimension set for reporting, balances must be rebuilt to populate reporting data.
Question 150
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 vendor payments in Dynamics 365 Finance, you configure the payment method to use an EFT format (A), obtain/import the required Electronic Reporting configurations via Lifecycle Services (B), and import the payment model into the Electronic Reporting repository (D). X++ file formats are not used for standard ER-based EFT formats, and exporting ER configurations from LCS is not part of enabling EFT.
Question 151
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: 1. Set up the numbering sequence on the Cash and bank management parameters page.
2. Set up a transformation input format file for the bank.
3. Generate the positive pay file for each bank account.
4. Confirm the positive pay file.
Explanation: Positive Pay requires initial setup (number sequence and transformation format), then generation per bank account, and finally confirmation. A single transformation format can be reused for multiple accounts at the same bank.
Question 152
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: B
Explanation: Customer posting profiles determine the ledger accounts used for customer transactions. When customers must be assigned to a customer group, the posting profile can be configured by customer group to define the accounts used for those transactions. Interest codes and payment terms are separate configurations, and a payable account applies to vendors, not customers.
Question 153
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: Batch transfer rules in Dynamics 365 Finance use the Transfer mode setting. The valid transfer modes are Asynchronous and Scheduled batch. 'Batch jobs' and 'Scheduler job' are not transfer mode options for configuring the batch transfer rule; they describe infrastructure or processing concepts rather than selectable rule modes.
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