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| Section | Objectives |
|---|
| Manage cash and bank | - Bank account setup
- 1. Cash flow management
- 2. Bank reconciliation
|
| Manage fixed assets | - Fixed asset lifecycle
- 1. Disposal and revaluation
- 2. Acquisition and depreciation
|
| Configure and manage tax | - Tax setup and configuration
- 1. Sales tax setup
- 2. Tax calculation and reporting
|
| Configure and use financial management | - Financial reporting
- 1. Budgeting and control
- 2. Financial statements configuration
- General ledger setup
- 1. Financial dimensions setup
- 2. Fiscal calendars and periods
- 3. Chart of accounts configuration
|
| Manage accounts payable and receivable | - Accounts payable processes
- 1. Vendor management
- 2. Invoice processing and payments
- Accounts receivable processes
- 1. Customer management
- 2. Invoicing and collections
|
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Microsoft Dynamics 365 Finance Functional Consultant Sample Questions (Q236-Q241):
NEW QUESTION # 236
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.


Answer:
Explanation:

NEW QUESTION # 237
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

NEW QUESTION # 238
A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A. Create the next fiscal year.
- B. Configure the ledger calendar for the new fiscal year.
- C. Configure the transfer balance.
- D. Configure the Fiscal year dose parameters.
- E. Validate the main account type.
Answer: A,B,E
NEW QUESTION # 239
You are a functional consultant for Contoso Entertainment System USA (USMF).
You plan to settle accounts by receiving cash payments in US currency.
You need to create a cash receipts journal that uses the US dollar currency.
To complete this task, sign in to the Dynamics 365 portal.
- A. Navigate to Finance > Cash Receipt Journals.
Answer: A
Explanation:
Click the +New link to add a new cash receipt journal.
Fill in the required fields including the currency field.
NEW QUESTION # 240
A company implements basic budgeting functionality The company wants to achieve the following:
* Distribute budget amounts across financial dimensions.
* Require an approval workflow for budget
* Approve a specific set of budget entries.
You need to configure the required basic budgeting functionality.
Which functionalities should you configure?
To answer, select the appropriate options in the answer area
NOTE: Each correct answer is worth one point.

Answer:
Explanation:

Explanation:

NEW QUESTION # 241
......
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