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| Section | Weight | Objectives |
|---|
| Topic 1: Implement and Manage Fixed Assets | 10-15% | - Configure Fixed Assets
- 1. Implement fixed asset tracking and reporting
- 2. Configure fixed asset parameters and groups
- 3. Configure fixed asset books and value models
- 4. Set up fixed asset depreciation methods and conventions
- 5. Implement fixed asset acquisition, depreciation, and disposal
|
| Topic 2: Configure and Implement Core Financial Functions | 20-25% | - Implement and manage financial structures
- 1. Implement financial dimensions and dimension sets
- 2. Create and manage legal entities
- 3. Configure chart of accounts and account structures
- 4. Configure fiscal calendars, fiscal years, and periods
- 5. Set up ledgers, currencies, and exchange rates
- Configure cash flow management
- 1. Configure bank management and bank accounts
- 2. Set up cash flow forecasts
- 3. Implement petty cash and workflow for cash management
|
| Topic 3: Implement and Manage General Ledger and Cost Accounting | 25-30% | - Implement Cost Accounting
- 1. Implement cost allocations and cost behavior
- 2. Configure cost accounting module
- 3. Configure and process budget configurations
- 4. Create cost control units and cost groups
- Implement General Ledger
- 1. Configure and manage intercompany accounting
- 2. Configure and process financial consolidation
- 3. Implement periodic processes and allocations
- 4. Implement advanced ledger structures
- 5. Configure and process journal entries
|
| Topic 4: Implement and Manage Accounts Payable and Receivable | 25-30% | - Implement Accounts Payable
- 1. Implement invoice and payment workflows
- 2. Configure accounts payable parameters and payment terms
- 3. Configure charges and multi-lined invoice scenarios
- 4. Implement and process vendor payments
- 5. Set up vendors, vendor groups, and vendor posting profiles
- Implement Accounts Receivable
- 1. Implement and process customer payments
- 2. Set up customers, customer groups, and customer posting profiles
- 3. Configure and manage collection letters and interest
- 4. Configure accounts receivable parameters and payment terms
- 5. Implement free text invoices and sales orders
|
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Microsoft Dynamics 365 Finance Functional Consultant Sample Questions (Q144-Q149):
NEW QUESTION # 144
A client has unique accounting needs that sometimes require posting definitions.
You need to implement posting definitions.
In which situation should you implement posting definitions?
- A. when financial dimensions need to default from the main account onto an invoice
- B. when using encumbrance accounting for purchase orders
- C. when creating one offset ledger entry based on transaction type
- D. when the system needs to automatically post a transaction to the accounts receivable account on invoice
posting
Answer: B
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/posting-definitions
NEW QUESTION # 145
You configure the basic budgeting functionality of Dynamics 365 Finance. You add budget values and actuals in the system.
You need to compare the budget values with the actual values.
Which three actions should you perform?
Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. Drill through the details of the budget amount in budget register entries posted in the system.
- B. Review general ledger transactions that are included in the calculated actuals amounts.
- C. Review budget and actual amounts that are spread across fiscal periods.
- D. Generate a report on the differences between the actual fixed assets amounts and the preliminary budgeted amounts in the system.
- E. Compare customer and vendor balances and budget register entries that are posted in the system.
Answer: B,C,D
NEW QUESTION # 146
You are configuring intercompany accounting for a multicompany enterprise. You need to set up: the Due to and Due from accounts.
Which main account type should you use?
- A. Asset
- B. Balance sheet
- C. Expense
- D. Liability
- E. Profit and loss
Answer: C
NEW QUESTION # 147
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 is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management.
You need to create the new budgets.
Solution: Create budget plans for multiple scenarios.
Does the solution meet the goal?
Answer: B
Explanation:
Section: Manage budgeting and fixed assets
Explanation
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning- overview-configuration
NEW QUESTION # 148
A company uses basic budgeting functionality in Dynamics 365 Finance.
The company wants to add fixed asset depreciation expenses to its budget register entry. The depreciation expense must be automatically calculated.
You need to create budget register entries for fixed asset depreciation expense.
Which four actions should you perform in sequence?
To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:
Explanation:

Explanation:

NEW QUESTION # 149
......
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