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NEW QUESTION NO: 6
You use the financial period close workspace.
You need to view the status of your overall closing schedule.
When viewing the status, which three ways are you able to sort? Each correct answer presents a complete solution. (Choose three.)
A. Status by company
B. Status by store
C. Status by person
D. Status by area
E. Status by product
Answer: A,C,D
Section: (none)

NEW QUESTION NO: 7
Your work for Contoso, Ltd. Your company has many subsidiaries in various countries that all use a shared chart of accounts. One subsidiary's local government requires the use of a government -mandated chart of accounts for reporting. This chart is the same for some accounts in your shared chart of accounts, but not for all of them.
You need to ensure that foreign subsidiary is able to complete the mandatory statutory reporting while adhering to the local government regulations.
Which two steps should you take to enable the mandatory statutory reporting? Each correct answer presents a part of the solution. (Choose two.)
A. Set up currency exchange rates for the government-mandated chart.
B. Map all accounts from the shared chart of accounts to additional consolidation accounts from the government-mandated chart
C. Set up a consolidation group for the government-mandated chart
D. Create a new chart of accounts specifically to be used for the subsidiary company that matches the government-mandated chart of accounts.
Answer: C,D
Section: (none)
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation- account-groups-consolidation-accounts

NEW QUESTION NO: 8
You are implementing Microsoft Dynamics 365 for Finance and Operations.
You need to determine, which accounts for automatic transactions are needed for the legal entity?
A. Define reason codes for each transaction.
B. Define allocation rules for each transaction.
C. Create default types.
D. Determine the fiscal year periods.
Answer: C
Section: (none)
Explanation/Reference:
References:
https://technet.microsoft.com/en-us/library/aa548973.aspx

NEW QUESTION NO: 9
A company needs to make wire transfers for payments to a foreign customer. The controller also wants to keep track of the wire transfer fees for charge-back to the customer. The controller has set up all of the necessary accounts and facilities at the bank.
The bookkeeper needs to make preparations for these transactions.
What are two actions the bookkeeper should take to properly configure Microsoft Dynamics 365 for Finance and Operations? Each correct answer presents part of the solutions. (Choose two.)
A. Create a bank account for wire transfer fees.
B. Create a transaction group for wire transfer fees.
C. Create a bank transaction type for wire transfer.
D. Create a transaction code mapping for each customer.
Answer: B,C
Section: (none)

NEW QUESTION NO: 10
You have been tasked with reviewing and processing transactions in the General ledger module. You need an allocation to depend on the actual ledger balance.
When setting up an allocation rule, which method should you select?
A. Fixed weight
B. Basis
C. Fixed percentage
D. Evenly
Answer: B
Section: (none)
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/ledger- allocation-rules

NEW QUESTION NO: 11
You create and post a payment journal with a method of payment that is configured with bridging account.
The bank notifies you that the payment has cleared the account.
What should you do next?
A. Create a general journal, and use the Bridged transactions feature to select and move the payment to a Bank account.
B. Create a general journal with an offset account for the correct bank, and use the Settlement feature to select the Bridged transactions to clear.
C. Create a general journal, adding lines to debit the bridging account and credit the bank account, then use the Bridged transaction feature to mark the journal lines for settlement.
D. Create a general journal, adding lines to debit the bridging account and credit the bank account, then use the bank reconciliation feature to settle the Bridged transaction with the bank transaction.
Answer: D
Section: (none)

NEW QUESTION NO: 12
Your organization's foreign subsidiaries use Microsoft Dynamics 365 Finance and Operations in their local currencies as their functional currencies.
You need to perform the worldwide consolidation of these subsidiaries to report in US dollars.
In which form do you indicate the currency translation types to use for this purpose?
A. Foreign currency revaluation
B. Additional consolidation accounts
C. Legal entities
D. Main accounts
Answer: D
Section: (none)

NEW QUESTION NO: 13
The accounting manager for your company has been manually processing payments to sales tax authorities for the past several years. You recently learned that Microsoft Dynamics 365 for Finance and Operations can automate much of those tasks.
You need to configure Microsoft Dynamics 365 Finance and Operations to calculate and make periodic payments to tax authorities automatically.
Which two tasks should be completed to make this configuration? Each correct answer presents part of the solution. (Choose two.)
A. Enter the company's sales tax ID in the sales tax authority field.
B. Create a main account with posting type: "sales tax"
C. Assign vendors to the sales tax authorities.
D. Create vendor accounts for the taxing agencies.
Answer: C,D
Section: (none)
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/tasks/set-up- sales-tax-authorities

NEW QUESTION NO: 14
You need to identify techniques that are supported in Microsoft Dynamics 365 for Finance and Operations for ledger allocations.
Which three allocations method should you identify? Each correct answer presents a complete solution.
(Choose three.)
A. Fixed Value
B. Fixed Weight
C. Fixed Percentage
D. Intercompany
E. Spread Evenly
Answer: B,C,E
Section: (none)
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/ledger- allocation-rules

NEW QUESTION NO: 15
You create a new budget register entry. You later realize that the date for the lines is set to today's date.
You need to quickly correct the dates to be the first day of the current month.
What should you do?
A. Use the periodic journal feature to save the journal, then create a new journal with the correct date in the dialog.
B. Select all the lines on the budget register entry, and then use the allocate across periods feature to update the date.
C. Select all the lines on the budget register entry, use the copy feature to duplicate all the lines, and select the correct date.
D. Use the open lines in Excel feature, modify the entries to have the correct date, and then publish the spreadsheet.
Answer: D
Section: (none)

NEW QUESTION NO: 16
You are the accounts payable manager at your company.
Per the agreement with your supplier, you need to create a payment schedule against an invoice of 10.000 USD to be paid at 2,000 USD each month until the balance is paid.
Which three setup criteria can you define on the payment Schedule form? Each correct answer presents part of the solution. (Choose three.)
A. amount of each installment
B. due date of each installment
C. number of installments
D. terms of payment
E. payment days
Answer: A,C,D
Section: (none)