Question 1

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.

Options :

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: B,D

Question 2

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 uses Dynamics 365 Finance.

The customer payment journal must only be available for selection by the accounts receivable user group.

You need to configure the accounts receivable journal name to meet the requirement.

Solution: Configure the journal approval.

Does the solution meet the goal?

Options :

A : Yes

B : No

Answer: A

Question 3

You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy, and view financial statements. You need to generate consolidated financial statements by using a building block group to aggregate data across companies and financial dimensions. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options :

A : Create a column definition and use the period and year to map the appropriate periods for each company.

B : Create a row definition that includes all appropriate accounts in all companies in the rows.

C : Create a column definition that includes a financial dimension column for each company.

D : Create a reporting tree that includes a reporting node for each company.

E : Use the Reporting Unit field to select the tree and reporting unit for each column

Answer: B,C,D

Question 4

You manage fixed assets using Microsoft Dynamics 365 Finance. You need to define capitalization thresholds. Which page should you use?

Options :

A : Main account

B : Released item

C : Fixed asset posting profile

D : Fixed asset group

Answer: D

Question 5

You are implementing Dynamics 365 Finance. You need to enable electronic fund transfers (EFT) for vendors. Which three steps must you complete? Each correct answer presents pail of the solution. NOTE: Each correct selection is worth one point.

Options :

A : Enable the EFT format as a method of payment within Accounts payable.

B : Import a new Electronic reporting (ER) configuration into Lifecycle Services (LCS).

C : Import the X++ file format.

D : Import the payment model into the Electronic reporting (ER) repository.

E : Export Electronic reporting (ER) configuration from Lifecycle Services (LCS).

Answer: A,B,D

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