HOTSPOT -
You manage fixed assets in Dynamics 365 Finance.
You have the following requirements:
✑ Purchase a fixed asset on a purchase order by using a procurement category.
✑ Purchase a fixed asset on a purchase order by using an item number.
✑ Post specific tax transactions for fixed assets by using a journal.
You need to associate the appropriate process in the system with the corresponding business requirement.
Which actions should you perform? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Show Answer
Correct Answer: 1. Configure Business Rules for fixed asset determination
2. Select new fixed asset on purchase order line
3. Create a journal and assign the tax posting layer
Explanation: Business rules map procurement categories to fixed asset determination. Item-based purchases use the New fixed asset option on the PO line. Tax-specific fixed asset postings via journals use the Tax posting layer.
Question 175
You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank.
You must prevent the bank account from going below the defined credit limit when a transaction is posted.
You need to configure the bank account credit limit.
What should you do?
A. Add גˆ’$100,000 in the bank credit limit.
B. Add $100,000 in the bank credit limit.
C. Define a credit limit of $100,000 on the invoicing vendor account
D. Set the Control Balance option to credit in the General ledger account associated with the bank account.
Show Answer
Correct Answer: A
Explanation: The bank account credit limit is configured as the lowest permitted balance. To allow the account to go down to an overdraft limit of $100,000 while preventing transactions that exceed it, enter the credit limit as -$100,000. A positive value would not represent the allowed negative balance, and the vendor credit limit and general ledger control balance settings do not configure a bank account overdraft limit.
Question 176
DRAG DROP -
You are using Microsoft Excel to complete budget planning for the next fiscal year.
Budget template data must be gathered in real time from Dynamics 365 Finance during the budget planning process.
You need to create a budget planning template by using Microsoft Excel.
Which three 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.
Select and Place:
Show Answer
Correct Answer: Generate the template.
Add data connector fields.
Upload the template.
Explanation: For Dynamics 365 Finance budget planning Excel templates, first generate the Excel template, then add the Data Connector fields in Excel to enable live data, and finally upload the completed template back for use.
Question 177
An exchange rate provider has been configured for Dynamics 365 Finance.
Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays and all days between April 1 and
June 30. Foreign currency transactions from March 1 to June 30 fail to post.
You need to reconfigure the system to post transactions for this period.
Which two configuration changes should you make to the ledgers? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Add a key named FloatCurrencies and set the value to True.
B. Set Create necessary currency pairs to True.
C. Set Import as of start date to Apr01.
D. Add a key named BaseCurrency and value of US
E. Set Prevent import on national holiday to True.
Show Answer
Correct Answer: B, C
Explanation: Posting failures over a date range typically indicate missing or unavailable exchange rates. Enabling creation of necessary currency pairs ensures required EUR/USD pairs exist. Setting the import start date early enough to include the fixed-rate period allows exchange rates to be imported for the relevant dates. The other options do not address the missing exchange-rate coverage for the posting period.
Question 178
You plan to manage delinquent customers by monitoring the collection process in Dynamics 365 Finance.
You need to use the Collections list page to monitor the collection process.
What must you do first?
A. Set up customer groups.
B. Set up customer pools.
C. Update financials.
D. Age customer balances.
Show Answer
Correct Answer: D
Explanation: The Collections list page depends on aged customer balance data (aging snapshots) to display delinquent customers and prioritize collection activities. Customer pools are optional organizational filters and are not required to use the Collections list page. Therefore, the prerequisite is to age customer balances.
Question 179
You are implementing Dynamics 365 Finance.
You must configure a more accurate cash flow forecast related to sales tax. The sales tax calculation should be based on the expected transaction amounts and dates.
You need to configure the cash flow forecast.
Which setup should you use?
A. Bridging accounts
B. Sales forecast defaults
C. Dependent accounts
D. Purchasing forecast defaults
Show Answer
Correct Answer: C
Explanation: Dependent accounts are used in cash flow forecasting to model related cash flow items such as sales tax based on the expected amounts and timing of primary transactions. This provides a more accurate forecast by calculating the dependent cash flow (for example, sales tax payable) from the forecasted sales or purchase transactions. Bridging accounts are for transfer handling, while sales and purchasing forecast defaults configure forecast sources rather than dependent tax calculations.
Question 180
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 wants general journals to be used only to post ledger-type transactions.
You need to set up journal configuration to achieve the requirement.
Solution: Set up the journal control to specify the account structure and ledger segment.
Does the solution meet the goal?
A. Yes
B. No
Show Answer
Correct Answer: B
Explanation: The goal is to restrict general journals so they are used only for ledger-type transactions. This is controlled by the journal control's allowed account types, not by specifying the account structure and ledger segment. Account structure and ledger segment define valid account combinations, but they do not limit the journal to ledger-only transaction types.
Question 181
HOTSPOT -
A company is implementing Dynamics 365 Finance.
The company must be able to record sales orders in the following currencies: USD. EUR. and GBP.
✑ Company A uses USD as the accounting and reporting currency.
✑ Company B uses GBP as the accounting and reporting currency.
✑ Each company is consolidated into Company CON that uses EUR as the accounting and reporting currency.
Assets and liabilities are revalued at the current exchange rate.
You need to configure the system to meet the requirements.
Which option should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Show Answer
Correct Answer: Establish exchange rates: An imported exchange rate for EUR to USD dated yesterday
Create elimination rule: Create a new legal entity and set 'Use for financial elimination process' to Yes.
Explanation: Assets and liabilities are revalued using the current exchange rate, so use the most recent imported rate. Financial eliminations are performed in a dedicated elimination legal entity configured for the financial elimination process.
Question 182
You need to ensure that captured employee mobile receipts automatically match the transactions to resolve the User1 issue.
Which feature should you enable?
A. Define expense policy for receipts
B. Expense reports re-imagined
C. Expense management workspace
D. Show receipts during itemization
Show Answer
Correct Answer: B
Explanation: The feature that enables improved automatic matching of captured mobile receipt images to expense transactions is Expense reports re-imagined. This modernized experience includes enhanced receipt capture and auto-matching capabilities for expense processing. The other options relate to policy configuration, workspace UI, or displaying receipts during itemization rather than automatic receipt-to-transaction matching.
Question 183
DRAG DROP -
You need to configure the system to for existing purchasing contracts.
Which commitment types should you use? To answer, drag the appropriate commitment types to the correct requirements. Each commitment type 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: Local supplier agreement — Product quantity
Utah agreement — Value
Explanation: Use a product quantity commitment when the contract is for specified items and quantities. Use a value commitment when the agreement allows purchasing any products up to a total contract value.
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