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Question No : 1
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.

Answer:

Question No : 2
DRAG DROP
A client wants to use Dynamics 365 Finance invoice validation functionality.
You need to recommend the invoice validation functionality that meets their requirements.
Which functionality should you recommend for each requirement? 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.

Answer:

Question No : 3
HOTSPOT
You need to configure the budgeting module to meet Fourth Coffee’s requirements.
Which configuration should you use for each task? To answer select the appropriate options in the answer. NOTE: Each correct selection is worth one point.

Answer:

Question No : 4
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?

A.Request a new user account for a contact person by using the Provision user action.
B.Maintain vendor collaboration invoices.
C.Delete any contact person that they have created.
D.View and modify contact person information, such as the person’s title, email address, and telephone number.

Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintainvendor-collaboration

Question No : 5
A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee's pay. Transactions for new employees must be recognized in the general ledger based upon the employee's first pay date.
You need to configure accrual schemes for the new fiscal year.
Which two configurations should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

A.For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
B.For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.
C.For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.
D.For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.

Answer:

Question No : 6
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?

A.Yes
B.No

Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

Question No : 7
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 No .
- 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 No .
- 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?

A.Yes
B.No

Answer:
Explanation:
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

Question No : 8
CORRECT TEXT
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder.
To complete this task, sign in to the Dynamics 365 portal.

Answer:✑ Navigate to Tax > Declarations > Report sales tax for settlement period.
✑ Enter the ‘From’ date.
✑ Select the settlement period (Quarter).
✑ Click ‘OK’.
✑ Select Yes in the Create electronic tax document field.
✑ Select the Downloads\Report folder and file format.
✑ Click ‘OK’.

Question No : 9
DRAG DROP
A client is implementing fixed assets in Dynamics 365 Finance.
You need to specify which parameters should be configured to meet the business requirements.
Which parameters meet the requirements? To answer, drag the appropriate parameters to the correct requirements. Each parameter 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.

Answer:

Question No : 10
You are configuring Dynamics 365 for Finance and Operations,
You need to implement posting definitions for all available transaction types.
For which type of transactions can you implement posting definitions?

A.Accounts payable, Bank. Budget Fixed assets, and Payroll
B.Accounts payable, Accounts receivable, Budget, and Fixed, assets
C.Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
D.Accounts payable, Accounts receivable. Bank. Budget, Payroll, and Purchasing

Answer:

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