MB-310 Online Dumps Boost Your Career

1. You use Dynamics 365 Finance for daily bank reconciliation. You must use the BAI2 bank statement format

You need to configure the import bank statement format for the bank reconciliation process.

What should you do?

2. DRAG DROP

A company that sells computer equipment uses Microsoft Dynamics 365 Finance. The company is creating bundles that include a computer and a three-year warranty.

The company configures revenue recognition.

You need to configure revenue types for the bundle components.

Which revenue type should you use? To answer, drag the appropriate revenue types to the correct components. Each revenue 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.

3. HOTSPOT

A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.

You need to set up cost versions and prices to accomplish the manufacturer's goal.

For which purpose should you use each costing type? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

4. DRAG DROP

You are implementing Dynamics 365 Finance.

You must track freight charges, freight amounts must be included in the vendor invoice amount and the expense recorded in a ledger account defined for Freight.

You need to configure the Accounts payable charges.

How should you set up the charges? To answer, drag the appropriate posting type to the correct account type. Each posting 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.

5. HOTSPOT

A client needs to configure Accounts payment vendor methods of payment to meet the following business requirements:

Configure the electronic method of payment to create one electronic payment for all of the invoices due.

Configure the system to ensure that all payments made with an electronic method of payment also forces the user to select which payment has been used.

You display the Methods of payment setup screen.





Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

6. You need to identify the posting issue with sales order 1234.

What should you do?

7. A company plans to implement Dynamics 365 Finance. The company manages a high volume of customers.

The finance team wants to enable the following capabilities for each set of customers:

• Create sales budgets.

• Generate trade statistics such as weekly sales.

• Define ledger posting.

• Define terms of payment.

You need to select functionality that defines clusters of customers.

Which configuration should you select?

8. HOTSPOT

You plan to implement Dynamics 365 Finance.

You need to configure the system to meet the following requirements:

✑ Post vendor invoices in a journal.

✑ Create payments to vendors.

✑ Post headcount transactions.

✑ Process intercompany transactions.

Which journal types should you use? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point.

9. 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.

You manage a Dynamics 365 finance implementation.

You must provide the budget versus actual reporting in near real time.

You need to configure the ledger budgets and forecasts workspace to tuck expenses over budget and revenue under budget.

Solution: Define a budget model. Set active forecasting process to the current year forecast..

Does the solution meet the goal?

10. A client needs guidance on month-end closing procedures.

The client needs to be able to stop all teams except Accounts payable and General ledger from posting transactions for the month.

You need to configure Dynamics 365 Finance to allow only those two teams to transact during the period being closed.

Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

11. 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?

12. You need to determine why CustomerX is unable to confirm another sales order.

What are two possible reasons? Each answer is a complete solution. NOTE: Each correct selection is worth one point.

13. 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 two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.

Does the solution meet the goal?

14. An organization plans to set up intercompany accounting between legal entities within the organization.

Automatic transactions between legal entities must meet the following requirements:

✑ Provides systemwide integration and streamlining to save time

✑ Minimizes errors and create an audit trail with full visibility into business activities and transaction histories within the legal entities

You need to set up intercompany accounting and create pairs of legal entities that can transact with each other, clearly defining the originating company and the destination company.

Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

15. 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?

16. 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 tasks can this vendor perform?

17. DRAG DROP

A company is implementing Microsoft Dynamics 365 Finance.

The company is configuring depreciation for company vehicles. Vehicles must be depreciated by using straight-line service life on the 15th day of each month.

You need to configure vehicle depreciation.

What 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. NOTE: Each correct selection is worth one point.

18. You need to configure settings to resolve User8’s issue.

What should you select?

19. DRAG DROP

A company is implementing Dynamics 365 Finance.

The company needs the ability to handle deferring revenue, reallocations, revenue schedules, and milestone-based recognition.

You need to configure the functionality.

What should you do? To answer, drag the appropriate functionality to the correct requirement. Each functionality 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.

20. 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: bath collect selection is worth one point.

21. You are configuring the basic budgeting for a Dynamics 365 Finance environment.

You need to configure the types of entries allowed.

Which two configurations can you use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point,

22. DRAG DROP

A company uses Dynamics 365 Finance for expense management.

The company has multiple legal entities and multiple departments. Each department may have a different expense policy that may conflict with the legal entity expense policy.

You need to configure prioritization of department expense policy over legal entity expense policy.

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.

23. You need to ensure the promotional gifts are posted to the correct account.

What should you use?

24. HOTSPOT

You need to configure credit card processing for all three companies

Which option should you use? To answer, select the appropriate options m the answer area NOTE: Each correct selection is worth one point.

25. A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 for Finance and Operations for cash settlements.

What should you do?

26. HOTSPOT

You are setting up main accounts in Dynamics 365 for Finance and Operations.

You need to configure the main accounts to meet the requirements.

Which options should you use? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point.

27. DRAG DROP

A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.

You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

28. An organization acquires a building. You need to register-and record the building as an asset building in Dynamics 365 Finance and Operations.

What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

29. HOTSPOT

You Create a financial dimension set named MA + DEPT+PROJ as shown in the following screenshot.

The financial dimension set include 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. NOTE: Each correct selection is worth one point.

30. You need to address the posting of sales orders to a closed period.

What should you do?

31. HOTSPOT

A company has delinquent customers.

You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:

• Send communication to the customers detailing their past-due invoices.

• Use the system to automatically calculate a late charges,

• Create a group of customers for a collection agent to monitor.

• View a list of customers with colored indicators of a customer's payment status.

You need to associate the correct system functionality to manage delinquent customers based on these business requirements.

32. SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne.

To complete this task, sign in to the Dynamics 365 portal.

33. A legal entity has locations and customers in multiple states within the United States.

You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location.

Which three settings must you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

34. You manage fixed assets using Microsoft Dynamics 365 Finance. You need to define capitalization thresholds.

Which page should you use?

35. HOTSPOT

A company implemented Dynamics 365 Finance less than.

The following business rules must be implemented to:

• Operations must be allowed to exceed budge

• Marketing must receive warnings when the)

• Sales must not exceed its budget.

• All departments must have a calculation in in place to determine what they can spend.

• Budget funds do not need to be recorded in the general ledger.

You need to configure budget controls.

Which configuration option should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one points.

36. Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future. You need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.

What should you do?

37. You use Dynamics 365 Finance. Your company offers cash discounts. The discounts are offered sequentially to specific customers. Customers must pay their invoices within a specified time period.

The cash discounts are as follows:

• 5D10% - Cash discount of 10 percent when the amount is paid within 5 days.

• 10D5% - Cash discount of 5 percent when the amount is paid within 10 days.

• 14D2% - Cash discount of 2 percent when the amount is paid within 14 days.

Cash discounts can only be given if the payments are made within 10 days. You need to configure cash discounts.

What should you do?

38. A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations.

The company must associate fixed assets with subprojects to track the money that the company spends to maintain assets.

You need to configure subprojects to track the associated fixed asset transactions.

Which two types of subprojects can you use? Each correct answer presents a complete solution. NOTE: Each correct selection Is worth one point.

39. DRAG DROP

A retail company has outlets in multiple locations. Taxes vary depending on the location.

You need to configure the various components of the tax framework.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

40. A company uses Microsoft Dynamics 365 Finance. You create revenue allocation schedules for items You need to link a revenue allocation schedule to an item.

Which two pages should you use? Each correct answer presents a complete solution NOTE: Each correct selection is worth one point.

41. 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.

42. A company is preparing to complete a year-end close process.

You need to configure the Dynamics 365 for Finance and Operations General ledger module.

Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

43. 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.

44. HOTSPOT





You are asked to configure the method of payments for vendors.

You are viewing an Accounts payable method of payment.

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

45. A company uses Dynamics 365 Finance. The company accepts customer payments in installments.

You must configure the number of installments, the amount of each installment, and a due date of each installment for a payment schedule to determine the revenue allocation for each month. You must provide the total revenue amounts allocated over a period for a specific payment.

You need to configure the system to allocate the total outstanding amount of an invoke.

What should you configure?

46. 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 one account structure for expense accounts and apply advanced rules.

Does the solution meet the goal?

47. HOTSPOT

You need to prevent prohibited expenses from posting.

Which configurations should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

48. 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.

You are managing credit and collections

You need to set up mandatory credit limits for all customer documents

Solution: Select None as the credit type in the Accounts receivable parameters form. Select the Mandatory credit limit check box in the Customers form.

Does the solution meet the goal?

49. Topic 3, Alpine Ski House



Case study

Overview

This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case . How ever, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.



To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.



At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section.



To start the case study

To display the first question in this case study, click the button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements.

If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the button to return to the question.



Background

Alpine Ski House has three partially owned franchises and 10 fully owned resorts throughout the United States and Canada. Alpine Ski House's percentage ownership of the franchises is between two and 10 percent.

Alpine Ski House is undergoing an implementation of Dynamics 365 Finance and Dynamics 365 Supply Chain Management to transform their financial management and logistics capabilities across the franchises.

Implementation is complete for Alpine Ski House's corporate offices, two US franchises, and one Canadian franchise. The remaining franchises are in varying stages of the implementation. Two new resort projects are in the budget planning stages and will open in the next fiscal year. Current environment



Organization and general ledger

* Each franchise is set up as a legal entity in Dynamics 365 Finance.

* Alpine Ski House Corporate uses financial dimensions for their fully owned resorts.

* Each resort is a financial dimension named resort.

* Each fully owned resort has two divisions: marketing and operations.

* Only Profit and Loss account postings require the division dimension.

* Corporate handles the advertising and administration of the fully owned resorts.

* Corporate uses Dynamics 365 Project Management and Accounting to manage construction of new resorts.



Budgeting

* Organizational budgeting is decentralized but rolls up to one organizational corporate budget.

* Each resort manager performs budgeting in Dynamics 365 Finance.

* Budget preparation begins this month. All operational resorts will submit their budgets in two weeks.



Sales and tax

* Sales tax is configured and used by all resorts that operate in the United States.

* You configure one US sales tax vendor account and assign the vendor account to the settlement periods for reporting.

* You use accounts receivable charges to track donations.



Existing purchasing contracts

* Each franchise resort has an individual contract with a local supplier of their choosing to purchase at least $10,000 worth of suppliers during the calendar year.

* The franchise resorts in one US state receive a two percent discount on meat and vegetable purchases in excess of $8,000 per year.

* A franchise resort in Utah has agreed to purchase 1,000 units of beef at market price from a local supplier.

* Alpine Ski House uses a vendor collaboration portal to track purchase orders and requests for quotes.

* Vendors request access to the vendor collaboration portal by using a workflow which runs on a nightly schedule.



Intercompany setup

Vendor123 resides in US franchise Company1 and is set up for intercompany transactions. Customer345 resides in Canada franchise Company1 and is set up for intercompany transactions.



Requirements

Franchises

* Each franchise must pay two percent of monthly sales to Alpine Ski House Corporate.

* Each franchise must report their own financials to Alpine Ski House Corporate monthly.

* US franchises require a three-way-match on all purchases, with a 1-percent price tolerance.

* Canadian franchises require a three-way-match on all purchases except paper products, which have a 10-percent price tolerance.



Corporate

* Advertising costs must be balanced across the 10 resorts monthly. These costs must be split across the 12 resorts once construction of the final two resorts is completed.

* Administration costs must be split across the 10 resorts proportional to the amount of sales generated.

* One percent of all pack and individual ski pass sales must be donated quarterly to an environmental protection organization.

* The finance department must be able to see purchasing contracts and discounts for vendors based on volume spend.



Employees

All employee expense reports that contain the word must be reviewed for the audit purposes. If a journal is posted incorrectly, the entire journal and not just the incorrect line must be fully reversed for audit purposes.



Resorts

All resorts must use Dynamics 365 Finance for budgeting and must first be approved by the regional manager.

Purchased fixed assets must automatically be acquired at product receipt.



Issues

* User1 reports that irrelevant dimensions display in the drop down when entering a General journal.

* User2 reports that dimension 00 is being used for all balance sheet accounts.

* User3 tries to generate the quarterly sales tax liability payment for a specific state but does not see any payables available for that state's vendor.

* User4 receives a call from a vendor who cannot access the vendor collaboration portal but needs immediate access.

* User5 notices a large amount of entertainment expenses being posted without an audit review.

* User6 needs to have visibility into the increase in budget that is necessary to staff the two new resorts opening next year.

* User7 needs to use Dynamics 365 Finance for situational budgeting planning with the ability to increase and decrease the existing plans by certain percentages.

* User8 made a mistake while posting a 1,000-line journal and reverses the entire journal but cannot find the lines that included errors during the reversal.

* User9 made a mistake while posting a 55-line journal and reverses the entire journal.

* User10 realizes that the purchase of five new computers did not acquire five new fixed assets upon receipt.



The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are purchased totaling USD1,000.

When the purchase invoice is prepared, USD10,000 is keyed in by mistake.

Which configuration determines the result for this intercompany trade scenario?

50. CAR-1233

- At the regional distribution centers, the value for physical inventory does not match the inventory in the financial system.

- Munson’s rents their corporate office. Rent is not paid by purchase order. Rent is due once a quarter.

- Allocations are performed manually.

- Barrels are inventoried by site and warehouse.

- Munson’s has multiple depreciation and tax books for all of their fixed asset equipment.

- Budgets are posted at the department level for each legal entity.



Requirements. Sales

- Customers should be able to pre-order for fall release of pickles.

- Three-way matching must be enforced for all purchases.

- Fixed asset sale transactions require a ledger account entered at the time of transaction.

- Fixed assets purchased must be automatically created in fixed asset module. This includes inventory items and write in purchase orders/non-inventoried items.

- One dollar from every sale needs must be tracked and donated at the end of each month to a charitable organization.

- Purchasing budgets must be enforced at the main account level.



Requirements. Finance

- Accounts payable must be able to enter vendor invoices on the day they were received to be settled against when product is received.

- Accounts payable must be able to enter vendor invoices to accrue expense without specifying a purchase order at the time of entry.

- Postage expenses must be split evenly across the regional distribution centers automatically.

- Administrative expenses must be distributed across the regional distribution centers by percentage of fulfillment orders monthly.

- Pickling machines depreciation must be uniquely recorded for visibility but not post to the ledger.



Issues

- During implementation testing, User1 indicates that after packing slips are generated for purchase orders, there are no ledger postings.

- User2 indicates that fixed assets purchased on a purchase order do not show up in the Fixed Assets module.

- User3 reports that they are seeing inconsistent application of the one-dollar donation from all sales orders.

- User4 in the Canadian subsidiary is able to purchase supplies for marketing despite exceeding the marketing department budget.

- User5 reports that when purchasing a non-inventoried computer, the system is automatically assigning it to the buildings fixed asset group.



HOTSPOT

You need to determine the root cause for User1’s issue.

Which configuration options should you check? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

51. A company uses Dynamics 36S Finance. The company is based in the United States and sells a product online. The product is shipped to the United States, Canada, and Mexico. The product is sourced from Brazil Legal entities must be set up for each country/region. One ledger account must be used to track sales tax payable. You need to configure the system to track Use Tax.

Which two parameters should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

52. You are configuring the Fixed assets module for a Dynamics 365 Finance environment.

You need to create a fixed asset.

Which two settings are required? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

53. HOTSPOT

A customer implements Dynamics 365 Finance.

The customer needs to use the cost accounting module for the following:

• Track the square footage occupied at each of the customer's store locations.

• Track and categorize costs as primary or secondary.

• Classify costs as direct or indirect.

You need to configure the system.

Which configuration options should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

54. HOTSPOT

You are implementing Dynamics 365 Finance.

The company charges a convenience cost of $1S foe payments received from customers as an electronic fund transfer (EFT). The company also charges 10 percent interest on invoices that are not paid within the 30-day net terms

You need to configure the system

Which option should you configure? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

55. DRAG DROP

You need to create Trey Research s bank accounts.

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. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

56. You need to configure the financial reporting fiscal calendar for Customer.

What should you do?

57. 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 company is preparing to complete yearly budgets.

The company plans to use-pie Budget module in Dynamics 365 for Finance and Operations for budget management

You need to create the new budgets.

Solution: Create budget plans to define the revenues for a budget.

Does the solution meet the goal?

58. You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts, The company wants to import their bank statements.

You need to import electronic bank statements to reconcile the bank accounts.

Which three actions can you perform? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

59. A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting.

Which set of actions must you perform?

60. HOTSPOT

A company uses Dynamics 365 Finance to manage fixed assets. The company's fiscal year is set as the calendar year.

The company requires two books for each fixed asset.

The company has the following requirements for the books:





You need to configure a fixed asset group book setup to meet the requirements.

Which depreciation conventions and depreciation profiles should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

61. DRAG DROP

A company is implementing Microsoft Dynamics 355 -Finance. The company plans to Implement the fixed asset module.

You have the full awing requirements:

• Post transactions to the tax depreciation hook at the same interval as the primary book.

• Tax transactions must be journalized without being recorded in the general ledger.

You need to configure the 'wet! asset books.

Which conjuration option should you use? To, drag the appropriate urn figurations to the correct requirement. Each configuration may be used once, more than once, more 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.

62. SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to automate the allocation of a prepaid expense of 2 percent of all product sales. The allocation must be posted to account number 222222.

To complete this task, sign in to the Dynamics 365 portal.

63. DRAG DROP

A client has Accounts payable invoices in their legal entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.

You need to set up Dynamics 365 Finance to perform foreign currency revaluation.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

64. An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure.

The organization has the following requirements:

✑ Set up restrictions on the account type and segment values.

✑ Capture data accurately for offset accounts, currency, and financial dimensions.

✑ Maintain internal control and establish materiality limits.

You need to set up journal name elements to meet these requirements.

Which three journal elements should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

65. You need to troubleshoot the reporting issue for User7.

Why are some transactions being excluded?

66. 1. Topic 1, Fourth Coffee Case Study



Case study

This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case . How ever, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.



To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.



At the end of this case study, a review screen will appear. This screen allows you to review your

answers and to make changes before you move to the next section of the exam. After you begin a

new section, you cannot return to this section.



To start the case study

To display the first question in this case study, click the Next button. Use the buttons in the left pane

to explore the content of the case study before you answer the questions. Clicking these buttons

displays information such as business requirements, existing environment, and problem statements.

If the case study has an All Information tab, note that the information displayed is identical to the

information displayed on the subsequent tabs. When you are ready to answer a question, click the

Question button to return to the question.



Background

Fourth Coffee is a coffee and supplies manufacturer based in Seattle. The company recently purchased CompanyA, based in the United States, and CompanyB, based in Canada, in order to increase production of their award-winning espresso machine and distribution of their dark roast coffee beans, respectively.



Fourth Coffee has set up CompanyA and CompanyB in their Dynamics 365 Finance environment to gain better visibility into the companies' profitability. CompanyA and CompanyB will continue to operate as subsidiaries of Fourth Coffee, but all operational companies will be consolidated under Fourth Coffee Holding Company in US dollars (USD) for reporting purposes.



The current organizational chart is shown below:





Current environment

Systemwide setup

* Dynamics 365 Finance in Microsoft Azure is used to manage the supply chain, retail, and financials.

* All companies share a Chart of Accounts.

* Two dimensions are used: Department and Division.

* Budgeting is controlled at the department level.

* Customers and vendors are defined as two groups: Domestic and International.

* Mandatory credit check is set to No.

* Consolidate online is used for the consolidation of all companies.

* International main accounts are subject to foreign currency revaluation.

* The purchasing budget is used to enforce purchasing limits.



General ledger accounts







Fourth Coffee

* The base currency is USD.

* Three item groups are used: coffee, supplies, and nonstock.

* The standard sales tax method is used.

* Acquiring fixed assets requires a purchase order.

* All customer payment journals require a deposit slip.

* CustomerX is a taxable company.

* CustomerY is a tax-exempt company.

* CustomerZ is a taxable company.

* VendorA is a Colombian supplier of coffee beans and belongs to the international vendor group.

* VendorB is a Peruvian supplier of coffee machine filters and belongs to the international vendor group.

* VendorC is a Texas supplier of espresso valves and belongs to the domestic vendor group.



CompanyA

* The base currency is USD.

* It consists of a marketing department and a digital division.

* A 4-5-4 calendar structure is used.

* The standard sales tax method is used.



CompanyB

* The base currency is CAD.

* The conditional sales tax method is used. Requirements



Reporting

* A consolidated Fourth Coffee financial report is required in USD currency.

* Fourth Coffee and its subsidiaries need to be able to report sales by item type.

* Year-end adjustments need to be reported separately in a different period to view financial reporting inclusive and exclusive of year-end adjustments.



Issues

* User1 observes that a General journal was used in error to post to the Domestic Accounts

Receivable trade account.

* User2 has to repeatedly reclassify vendor invoice journals in Fourth Coffee Company that are posted to the marketing department and digital division.

* When User3 posts an Accounts receivable payment journal, a deposit slip is not generated.

* User4 observes an increase in procurement department expenses for supplies.

* User5 observes that sales tax is not calculating on a sales order for CustomerZ.

* User6 observes that sales tax is calculating for CustomerY.

* User7 observes that the sales tax payment report is excluding posted invoice transactions.

* User8 in CompanyA attempts to set up the sales tax receivable account on the sales tax posting form.

* User9 in CompanyA needs to purchase three tablets by using a purchase order and record the devices as fixed assets.

* CustomerX requires a credit check when making a purchase and is currently at their credit limit.



HOTSPOT

You need to configure settings to resolve User1’s issue.

Which settings should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

67. You need to acquire the fixed assets that are associated with the purchase orders.

What should you do?

68. DRAG DROP

A company needs to create budget plan templates for its budgeting process.

You need to create the budget plan templates.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

69. 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?

70. You need to resolve the issue that User4 reports.

What should you do?

71. HOTSPOT

You need to prevent a reoccurrence of User2’s issue.

How should you configure the system? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

72. HOTSPOT

A company implements expense management in Dynamic employee travel expenses.

The current per diem setup on the Expense management parameters page is as follow:





Use the drop-down menus to select the answer choice that that answers each question based on the information presented in the graphic.

73. You need to configure Accounts Receivable to take pre-orders.

Which feature should you use?

74. A client is implementing accounts receivable in Dynamics 365 Finance.

You need to determine which requirements can be met by configuring the customer posting profile.

Which three requirements can be met? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

75. 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.

You are configuring the year-end setup in Dynamics 365 for Finance and Operations.

You need to configure the year-end setup to meet the following requirements:

- The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year’s Period 13.

- The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.

- All dimensions from profit and loss must carry over into the retained earnings.

- All future and previous periods must have an On Hold status.



Solution:

- Configure General ledger parameters.

- Set the Delete close of year transactions option to Yes.

- Set the Create closing transactions during transfer option to Yes.

- Set the Fiscal year status to permanently closed option to Yes.

- Define the Year-end close template.

- Designate a retained earnings main account for each legal entity.

- Set the Financial dimensions will be used on the Opening transactions option to Yes.

- Set the Transfer profit and loss dimensions’ option to Close All.

- Set future Ledger periods to a status of On Hold.

Does the solution meet the goal?

76. Your company uses Dynamics 365 Finance

All fixed assets are categorized by asset type. For example, office furniture is sequentially numbered.

Has the same service life, and uses the same depreciation deduction calculation.

You need to configure the system.

Which two parameters should you set up? Each correct answer presents part of the solution. NOTL Each correct selection is worth one point.

77. Topic 5, First Up Consultants



Overview

This is a case study Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam m the time provided.



To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.



At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section-To start the case study.



To display the first question in this case study, dick the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an AM Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question click the Question button to return to the question.



Background

First Up Consultants is a global finance and accounting company.



Financial needs at organizations ate constantly changing. When global companies become too large, it becomes too difficult for them to scale to meet then global operational needs. First Up Consultants provides "Finance as a Service' capabilities.



Some large corporations complement their existing finance staff by engaging select services of First Up Consultants. Other large corporations outsource then entire finance operation to First Up Consultants.

First Up Consultants has hundreds of customers at any time. One such customer, humongous Insurance, is updating Its Dynamics Finance 365 implementation Another customer, Trey Research, is setting up its first Dynamics 365 Finance implementation.



Ledger

Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December M. Humongous insurance reports across an its subsidiaries in consolidated financial reports. Trey Research is a Canadian-based company that operates its fiscal year from April 1 to March 31. Humongous Insurance employees receive an annual cost of living increase.



Requirements

• One of Humongous Insurance's companies provides insurance to government clients and must separate that particular company into its owm subsidiary.

• The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31. - Transitions must be posted in the business of record.

• Humongous insurance s subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.

• Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.



Taxes

• As part of the spinoff to a subsidiary, Humongous Insurance s subsidiaries taxes must be changed from US government rates to Chinese government rates.

• Humongous Insurance's subsidiary must track use taxes that are not claimed or reported to the Chinese tax agency.



Fiscal calendars

You must create three new fiscal calendars

• A fiscal calendar named FebJan that runs from Feb 1 to Jan 31.

• A fiscal calendar named AprMar that runs from April 1 to March 31.

• A fiscal calendar named JanDec that runs from January 1 to December 31.



Accounts

• Trey Research most track bank account balances and transactions for each province in which it operates.

• The bank statement must be sent to the physical address of the home office.



Promotion

• Humongous insurance s subsidiary plans to celebrate its new subsidiary status by sending out free gifts to existing policy based on the Tier of their policy.

• Promotional Items are ordered for distribution and once received must be Tracked within Dynamics 365 Finance.





Reporting

• The CEO of Humongous Insurance needs to view the insurance products that customers plan to purchase. The report must show all transactions made over the last two years.

• The corporate vice president of Humongous Insurance s subsidiary needs to view the forecasted cash impact of specific products purchased. The report must show only new transactions.



Expenses

Expenses must be pain using the following requirements:







Credit card processing

• Humongous Insurance requires all credit card transactions to include line-item details.

• Humongous Insurance's subsidiary requires the shipping address merchant address, and lax information but cannot include any order line details.

• Trey Research requires all credit card transactions include transaction date, transaction amount, description, and line-item details.



Compliance and compensation

• Trey Research must be able to audit any modifications to its budget

• Humongow Insurance employees must receive raises tour times pet budget cycle.



You need to reconfigure the taxing jurisdiction for Humongous insurance's subsidiary.

What should you do?

78. DRAG DROP

A client plans to use financial statements in Dynamics 365 Finance. The client wants to process the statements by using various combinations of the components to create custom reports.

You need to associate the report components to the purpose.

Which report components should you use for each purpose? To answer, drag the appropriate component to the correct purpose. Each component 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.

79. 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 file 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. NOTE: Each correct selection b worth one point.

80. HOTSPOT

A company is using vendors to produce components for its products.

Journal types are not configured to support vendor invoices-

You need to identify and configure journals to use for vendor invoices.

Which journal types should you use? To answer, select the appropriate options in the answer area, NOTE: Each correct selection is worth one point.

81. You are contouring Dynamics 365 Finance

Transactions are being approved tor all sales transactions. This configuration results in numerous fraudulent transactions.

The payment prowler requires verification of the following information in order to authorization transaction.

• account hotter name

• billing address

• postal code

You need to configure the system to only approve transactions with a verified address.

Which option should you select for credit card authorization?

82. DRAG DROP

A company uses Dynamics 365 Finance.

You need to use the advanced bank reconciliation feature to reconcile bank transactions.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

83. HOTSPOT

You need to configure the expense module for reimbursement.

How should you configure the expense module? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

84. HOTSPOT

You must configure journal controls in Dynamics 365 for Finance and Operations.





Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic

85. HOTSPOT

You need to configure the cash flow management reports.

How should you configure cash flow management? To answer, select the appropriate options m the answer area. NOTE: Each correct selection is worth one point.

86. You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy, and view financial statements.

You need to generate consolidated financial statements by using a building block group to aggregate data across companies and financial dimensions.

Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.