Question 6 of 178

HOTSPOT -

A company is determining which reporting tools to use as part of a Dynamics 365 Finance implementation.

✑ Scenario A: Power users must use a free form tool to allow other power users to leverage transactional data to be consumed externally.

✑ Scenario B: Developers must use a modeling tool to allow all users to leverage aggregated data to be consumed internally.

✑ Scenario C: Developers must a free form tool to allow all users to leverage transactional and aggregated data to be consumed internally and externally.

✑ Scenario D: Power users must use a free form tool to allow all users to leverage aggregated data to be consumed internally and externally.

✑ Scenario E: Power users must use a modeling tool to allow other power users to leverage transactional data to be consumed externally.

You need to recommend which tool should be used for each scenario.

Which tool should you recommend? 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/fin-ops-core/dev-itpro/analytics/create-nextgen-reporting-solutions

Question 7 of 178

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 company with multiple legal entities implements Dynamics 365 Finance.

You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.

Solution: Create separate business units.

Does the solution meet the goal?

    Correct Answer: B

    Creating separate business units is not the correct approach to ensure customized financial reporting across multiple legal entities in Dynamics 365 Finance. Business units are typically used for internal structuring within a single legal entity rather than for spanning multiple legal entities. To achieve cross-entity financial reporting, you would typically use financial reporting tools or create consolidated financial statements that aggregate data from the various legal entities. These methods are designed specifically to handle the inherent complexity of dealing with multiple legal entities.

Question 8 of 178

A company plans to implement Dynamics 365 Finance + Operations (on-premises).

The company has system compliance requirements that must be addressed.

You need to design the solution for the company.

What should you address in the design?

    Correct Answer: B

    When designing a solution for Dynamics 365 Finance + Operations (on-premises), it is critical to address data privacy as a system compliance requirement. Data privacy regulations and laws, such as GDPR or CCPA, require careful handling and protection of personal data. Employee retirement, fair labor standards, and equal employment opportunity are important considerations but fall under HR compliance rather than system compliance.

Question 9 of 178

An organization is implementing Dynamics 365 Finance.

The organization uses financial reports including detailed balance information in local currencies for all accounts. Reports must include general ledger account number and journal entry line description.

You need to recommend a report that meets the requirements.

Which report should you recommend?

    Correct Answer: A

    The Detailed Trial Balance report provides detailed balance information for all accounts, including local currency details, general ledger account numbers, and journal entry line descriptions. This report is specifically designed to meet the requirements of organizations needing detailed financial reporting.

Question 10 of 178

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 company with multiple legal entities implements Dynamics 365 Finance.

You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.

Solution: Create separate cost centers to manage operations.

Does the solution meet the goal?

    Correct Answer: B

    Creating separate cost centers to manage operations would not be the correct solution to ensure customized financial reporting across multiple legal entities. Cost centers are primarily used for managing and controlling specific operational aspects within an entity, focusing on budgeted and actual expenditures. Financial reporting across multiple legal entities typically requires consolidation methods that support reports at a higher organizational level, such as using business units or similar structures that can encompass multiple entities.