Microsoft Dynamics 365 Commerce Functional Consultant

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This questions were last updated on October 30, 2025
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Question 1 of 182

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:
The allocations should be fixed or variable.
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

Correct Answer: D

Question 2 of 182

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.

Correct Answer: A, C

Question 3 of 182

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.

Correct Answer: A

Question 4 of 182

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.

Correct Answer: B

Question 5 of 182

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 entry?

A.

Used to distribute cost from one cost object to one or more other cost objects by applying a relevant allocation base.

B.

Used to allocate the balance of a cost object to other cost objects by applying an allocation base

C.

Represents the cost structure. The structure determines how cost flows in a hierarchical order between cost object dimensions and their respective cost objects.

D.

The result of a transfer via data connectors from general ledger entries, cost allocations, and posted cost entries in cost journals.

Correct Answer: D