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| Section | Objectives |
|---|
| Topic 1: Configure and use financial management | - Financial reporting
- 1. Financial statements configuration
- 2. Budgeting and control
- General ledger setup
- 1. Chart of accounts configuration
- 2. Financial dimensions setup
- 3. Fiscal calendars and periods
|
| Topic 2: Manage cash and bank | - Bank account setup
- 1. Bank reconciliation
- 2. Cash flow management
|
| Topic 3: Configure and manage tax | - Tax setup and configuration
- 1. Sales tax setup
- 2. Tax calculation and reporting
|
| Topic 4: Manage accounts payable and receivable | - Accounts receivable processes
- 1. Customer management
- 2. Invoicing and collections
- Accounts payable processes
- 1. Invoice processing and payments
- 2. Vendor management
|
| Topic 5: Manage fixed assets | - Fixed asset lifecycle
- 1. Acquisition and depreciation
- 2. Disposal and revaluation
|
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Microsoft Dynamics 365 Finance Functional Consultant Sample Questions (Q226-Q231):
NEW QUESTION # 226
You are asked to configure a main account in Dynamics 365 Finance.

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Explanation:

NEW QUESTION # 227
You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.


Answer:
Explanation:

NEW QUESTION # 228
You are implementing Dynamics 365 Finance. You configure an invoice validation policy to use three-way matching and use a three percent tolerance for invoice totals.
A user enters a vendor invoice journal. The invoice validation policy is not applied.
You need to troubleshoot the policy.
What is the issue with the policy?
- A. Validation is configured to check for price and quantity.
- B. The tolerance percentage is too high.
- C. Validation is only performed on vendor invoice entries.
- D. Validation is only performed on invoice register entries.
Answer: C
Explanation:
Vendor invoice policies are run when you post a vendor invoice by using the Vendor invoice page and when you open the vendor invoice Policy violations page.
You can also configure the vendor invoice workflow to run vendor invoice policies every time that you submit an invoice to workflow.
Vendor invoice policies do not apply to invoices that were created in the invoice register or invoice journal.
Invoice matching validation does not use vendor invoice policies, but is instead set up in the Accounts payable parameters page.
Incorrect:
Not C: Vendor invoice policies do not apply to invoices that were created in the invoice register or invoice journal.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/tasks/set-up-vendor-invoice-policies
NEW QUESTION # 229
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.

Answer:
Explanation:

1 - Crate a category hierarchy.
2 - Assign derived financial hierarchy as the category type.
3 - Associate the derived financial hierarchy with a legal entity.
4 - Create filter rules from the category nodes in the derived financial hierarchy.
5 - Crate and activate the filters in the derived financial hierarchy.
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-financial-hierarchy-public-sector
NEW QUESTION # 230
Drag and Drop Question
A company is implementing Dynamics 365 Finance.
The company mandates that the ledger account track changes in its inventory balance sheet account throughout the packing slip and invoice posting processes.
You need to configure an inventory posting profile for sales orders.
How should you configure the inventory posting profile? To answer, move the appropriate sales order posting profile types to the correct sales order processes. You may use each sales order posting profile type once, more than once, or not at all. You may need to move the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

NEW QUESTION # 231
......
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