Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system. Users report that the results in financial reports are incorrect.
You discover that the discrepancies are caused by users selecting invalid main account and dimension combinations when posting journal entries. You need to specify which financial dimensions are valid for which main accounts to prevent the invalid main account and dimension combinations. What should you configure?
A. Ledger allocation rules
B. Financial dimension sets
C. Account structure
D. Cost classifications
A company has recently deployed Microsoft Dynamics 365 Finance.
You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system.
You need to configure the sales tax functionality in Dynamics 365 Finance.
You have created the main accounts and set up the ledger posting groups for sales tax.
Which of the following actions should you perform next?
A. Set up sales tax reporting codes.
B. Set up sales tax authorities.
C. Set up sales tax codes.
D. Set up sales tax groups.
You work as the Finance Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.
You need to ensure that when creating sales orders, the sales tax is automatically calculated when an item is added to a sales order line.
Which two of the following fields must be populated in the sales order line to ensure the sales tax is calculated? (Choose two).
A. Item group
B. Customer sales tax group
C. Item sales tax group
D. Sales tax code
A company has recently deployed Microsoft Dynamics 365 Finance.
You have been hired as a Functional Consultant. Your role will include the management of the Dynamics 365 Finance system and to provide training for members of the Accounts team.
You are providing training on the cost accounting module in the Dynamics 365 Finance system.
Which of the following statements describes the allocation base?
A. Used to measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.
B. Defined by calendar, currency, and cost element dimension, it controls processes and policies for measuring costs.
C. Used as a function to track and categorize costs.
D. Classifies costs according to their behavior in relation to changes in key business activities.
A company has recently deployed Microsoft Dynamics 365 Finance.
You have been hired as a Functional Consultant. Your role will include the management of the Dynamics 365 Finance system and to provide training for members of the Accounts team.
You are providing training on the cost accounting module in the Dynamics 365 Finance system.
Which of the following statements describes a cost element?
A. The result of a transfer via data connectors from general ledger entries, cost allocations, and posted cost entries in cost journals.
B. Used as a function to track and categorize costs.
C. Classifies costs according to their behavior in relation to changes in key business activities.
D. Used to distribute cost from one cost object to one or more other cost objects by applying a relevant allocation base.
Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system. The company has several departments.
The company spends a lot of money each year on marketing campaigns.
You need to configure allocation rules to divide the marketing costs between the company departments.
The marketing expenses must be allocated based on each department's sales in proportion to the total departmental sales.
Which allocation method should you use in the allocation rule?
A. Basis
B. Fixed percentage
C. Fixed weight
D. Equally
Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.
You need to configure posting definitions and posting profiles.
You need to determine under which circumstance you should configure a posting definition or a posting profile.
Which two of the following statements are true? (Choose two).
A. You should use posting definitions when you need to support encumbrance accounting for purchase orders and pre-encumbrance accounting for purchase requisitions.
B. You should use posting profiles when you need to support encumbrance accounting for purchase orders and pre-encumbrance accounting for purchase requisitions.
C. You should use posting definitions when you need to generate multiple, balanced ledger entries based on attributes such as transaction types and accounts.
D. You should use posting definitions when you need only one offset ledger entry.
A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 Finance system.
You need to configure fiscal calendars to be used with fixed asset depreciation, financial transactions, and budget cycles.
Which two of the following statements are true? (Choose two)
A. A fiscal calendar can contain multiple fiscal years.
B. A fiscal calendar is limited to a maximum of one year.
C. A fiscal calendar can be used by multiple legal entities.
D. A fiscal period can contain multiple fiscal calendars.
A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system. The company has several departments. You need to configure allocations for the departments. The company has the following requirements for the allocations:
1.
The allocations should be fixed or variable.
2.
Allocation journal entries must be automatically created for review before posting.
You need to configure the system to meet the requirements.
What should you configure?
A. Transfer balance
B. Allocation terms
C. Ledger settlements
D. Ledger allocation rules
A company has a Dynamics 365 Commerce e-commerce website. Several of the site's pages must include the following design features:
1.
Each page must have exactly six modules.
2.
All modules must be of the same type and must be positioned in the same order.
3.
All content for two of the modules must be the same for all pages.
4.
The remaining modules must have content that varies for each page.
You need to ensure consistency across the different pages and speed up the creation process.
What should you do?
A. Create a page fragment to re-use on the pages.
B. Create a layout. Select the layout when creating the pages.
C. Create a template. Select the template when creating the pages.
D. Develop new modules to use on the pages.
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