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?
Answer:
B
Instead Solution: Set up the journal control to specify the account structure and ledger segment.
A journal name can be used only for adjustments. In this case, you can specify that only the Ledger account type is valid across all companies.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing
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 on the general journal to the account type of ledger.
Does the solution meet the goal?
Answer:
A
A journal name can be used only for adjustments. In this case, you can specify that only the Ledger account type is valid across all companies.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing
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:
Answer:
Box 1: An imported exchange rate for EUR to USD dated yesterday.
If a legal entity has received invoices in foreign currencies, the foreign currency must be converted into the local currency. This means that up-to-date exchange rates for different currencies are required.
Before you can import exchange rates, you must set up the information that is required by the providers who offer the exchange rates. Use the Configure exchange rate providers page to select the exchange rate providers.
Import as of - This parameter manages whether to import as of the current date or for a specific date range. If you want to use a date range, enter or select the start and end dates.
Box 2: Set the Use for financial elimination process to Yes for both legal entities Company A and Company B
The setup for eliminations is found in the Setup area of the Consolidations module. After you enter a description for the rule, you must pick the company that the elimination journal will post to. This should be a company that has Use for financial elimination process selected in the Legal entity setup.
Note: Elimination rules can be set up in the system, and then processed during the consolidation process or through an elimination proposal. The rules can be posted to any company that has Use for financial elimination process selected in the legal entity setup.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/import-currency-exchange-rates https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/consolidation-elimination-overview
DRAG DROP -
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
You need to configure the system to support collection letter functionality and processing.
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.
Select and Place:
Answer:
Reference:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
HOTSPOT -
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days, and a discount of one percent if it paid in 14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Answer:
HOTSPOT -
A private sector client needs item groups set up to support the procurement process.
The Audio Item group posting for a purchase order is configured as shown:
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.
Hot Area:
Answer:
A client uses Dynamics 365 Finance for accounts receivable.
You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.
Which item should you set up as mandatory?
Answer:
B
HOTSPOT -
A company has delinquent customers.
You need to configure Dynamics 365 Finance 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.
Which functionality should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Answer:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-collections-information
HOTSPOT -
A client confirms a sales order in Dynamics 365 Finance.
You are viewing the confirmed sales order.
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.
Hot Area:
Answer:
DRAG DROP -
th
An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15 of every month in the amount of $450.00.
You need to set up, configure, and process recurring free text invoices for the customers.
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.
Select and Place:
Answer:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-up-process-recurring-invoices
