Question 6 of 408
A client has unique accounting needs that sometimes require posting definitions.
You need to implement posting definitions.
In which situation should you implement posting definitions?
You need to implement posting definitions.
In which situation should you implement posting definitions?
Correct Answer: C
You should implement posting definitions when creating multiple balanced ledger entries based on transaction types or accounts. This is particularly important in complex accounting scenarios where transactions need to be split across multiple accounts or dimensions to ensure all resulting entries are balanced. This approach goes beyond the capabilities of posting profiles, which are used when only one offset ledger entry is needed.
Question 7 of 408
An organization is setting up a cost accounting.
You need to set up fiscal calendars for Dynamics 365 Finance.
What are three uses for fiscal calendars? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
You need to set up fiscal calendars for Dynamics 365 Finance.
What are three uses for fiscal calendars? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
Correct Answer: B, C, D
Fiscal calendars in Dynamics 365 Finance are used for various processes within the organization. They are essential for managing financial transactions by defining the periods during which transactions can be recorded. Fiscal calendars are also critical for fixed asset depreciation, allowing the organization to calculate depreciation expenses accurately over specific time periods. Additionally, fiscal calendars are utilized for budget cycles, helping in planning and controlling the financial budget over defined periods. Standard work hours and shift work hours are not relevant to the use of fiscal calendars in this context.
Question 8 of 408
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.
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.
Correct Answer: C, D, E
To import electronic bank statements to reconcile bank accounts, you can use the Data Management workspace to import bank statements, navigate to the Import statement option on the Bank Statements page of Cash and Bank Management, and select Import statement for multiple bank accounts in all legal entities, and then upload a zip file. These actions provide complete methods to import statements as required.
Question 9 of 408
A company plans to create a new allocation rule for electric utilities expenses.
The allocation rule must meet the following requirements:
✑ Distribute overhead utility expense to each department.
✑ Define how and in what proportion the source amounts must be distributed on various destination lines.
You need to configure the allocation rule.
Which allocation method should you use?
The allocation rule must meet the following requirements:
✑ Distribute overhead utility expense to each department.
✑ Define how and in what proportion the source amounts must be distributed on various destination lines.
You need to configure the allocation rule.
Which allocation method should you use?
Correct Answer: B
To distribute overhead utility expenses to each department in specific proportions, you should use the 'Fixed weight' allocation method. This method allows for defining the allocation percentage or weight directly in the rule, so you can specify exactly how much of the source amount each department should receive.
Question 10 of 408
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.
Hot Area:
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.
Hot Area:
Correct Answer:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions