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Manual entry of currency exchange rates must be discontinued. Currency exchange rates must use the current rate values provided by the European Central Bank. The exchange rate entries and updates must be automated. You need to configure the system. Which two options should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

You are a Dynamics 365 Finance consultant. You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system. You need to resolve the issue. What should you configure?

A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations. The company must be able to estimate the costs of a project and create a fixed asset by using the project cost estimate. You need to ensure that the company can create a fixed asset from a project. Which project type should you use? 

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. You are configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: The accounting adjustments that are received in the first quarter must be able to be posted into the previous year’s Period 13. The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. All dimensions from profit and loss must carry over into the retained earnings. All future and previous periods must have an On Hold status. Solution: Configure General ledger parameters. - Set the Delete close of year transactions option to Yes. - Set the Create closing transactions during transfer option to Yes. - Set the Fiscal year status to permanently closed option to No. Define the Year-end close template. - Designate a retained earnings main account for each legal entity. - Set the Financial dimensions will be used on the Opening transactions option to No. - Set the Transfer profit and loss dimensions option to Close All. Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?

A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 Finance for cash settlements. What should you do?