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| Section | Weight | Objectives |
|---|---|---|
| Implement and manage accounts payable and expenses | 10–15% | - Manage vendors and vendor transactions - Process invoices, payments, and prepayments - Configure accounts payable parameters and profiles
|
| Manage cash, bank, tax, and cost accounting | - Set up tax calculation and reporting - Implement cost accounting and cost management - Configure bank management and reconciliation - Configure consolidation and elimination processes | |
| Implement accounts receivable, credit, collections, and subscription billing | 15–20% | - Manage customers and customer transactions - Configure credit management and limits - Implement subscription billing and revenue recognition - Configure accounts receivable parameters and profiles
|
| Manage fixed assets | 10–15% | - Manage asset leasing and valuation - Perform fixed asset reporting and inquiries - Acquire, depreciate, and dispose of fixed assets - Configure fixed assets parameters and groups |
| Manage budgeting | 10–15% | - Configure budgeting parameters and dimensions - Allocate and control budgets - Create and revise budget plans - Perform budget forecasting and analysis |
| Implement financial management | 40–45% | - Configure financial reporting and inquiries - Design and configure chart of accounts
- Manage currencies and exchange rates
- Configure fiscal calendars and periods |
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NEW QUESTION # 221
A client wants to ensure that transactions posted to the General Ledger have the correct combination of account number and dimensions.
The Services Industry P&L Account Structure has the following information:
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:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures
NEW QUESTION # 222
You manage a Dynamics 365 Finance implementation.
New system users are incorrectly posting payment transactions. You must use payment controls for bank payments by using checks for customer's due invoices to restrict new users from posting to customer payment journals.
You need to set up payment control for validation while using a method of payment in a journal entry. Which actions should you use? To answer, select the appropriate options in the answer area.
Answer:
Explanation:
Explanation:
NEW QUESTION # 223
Drag and Drop Question
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
You need to configure the system to support collection letter functionality and processing.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
NEW QUESTION # 224
You need to select the functionality to meet the requirement.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
Reference:
https://www.mscloudexperts.com/how-to-set-up-fixed-assets-to-register-transactions-in-posting-layers/
NEW QUESTION # 225
You need to process expense allocations.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rules
Topic 1, Munson's Pickles and Preserves Farm
This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.
To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.
At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section.
To start the case study
To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question.
Background
Munson's Pickles and Preserves Farm grows and distributes produce, jellies, and jams. The company's corporate headquarters is located in Dallas, TX. Munson's has one operations center and seven regional distribution centers in the United States.
The company has two wholly owned subsidiaries that operate in Canada. The Canadian entity owns an entity in France.
Munson's plans to expand into Latin America by purchasing the last 25 percent of a subsidiary that they own in Costa Rica. This process is expected to complete within the next two years.
The company plans to implement Dynamics 365 Finance and Dynamics 365 Supply Chain to meet their growing business needs.
Current environment. General
Munson's uses a mix of internally-developed legacy systems that handle their finance and distribution activities. The company has an isolated CRM system.
* Both Canadian subsidiaries have two departments: marketing and operations.
* Financial reporting is difficult due to data residing in disparate systems.
* Financial reporting is currently performed by using Microsoft Excel.
* Pre-orders in the current system are difficult to track because the order management system is not integrated with the finance system.
* Pickle sales post to one revenue account, but this does not allow for targeted reporting by pickle cut and type.
Current environment. Organization
The following chart shows Accounting/Reporting Currencies and Tax ID, if applicable.
* Typically, vendor invoices are received prior to receipt of product.
* The following fixed assets are sold for a loss:
* BUILD-100
* CAR-1233
* At the regional distribution centers, the value for physical inventory does not match the inventory in the financial system.
* Munson's rents their corporate office. Rent is not paid by purchase order. Rent is due once a quarter.
* Allocations are performed manually.
* Barrels are inventoried by site and warehouse.
* Munson's has multiple depreciation and tax books for all of their fixed asset equipment.
* Budgets are posted at the department level for each legal entity.
Requirements. Sales
* Customers should be able to pre-order for fall release of pickles.
* Three-way matching must be enforced for all purchases.
* Fixed asset sale transactions require a ledger account entered at the time of transaction.
* Fixed assets purchased must be automatically created in fixed asset module. This includes inventory items and write in purchase orders/non-inventoried items.
* One dollar from every sale needs must be tracked and donated at the end of each month to a charitable organization.
* Purchasing budgets must be enforced at the main account level.
Requirements. Finance
* Accounts payable must be able to enter vendor invoices on the day they were received to be settled against when product is received.
* Accounts payable must be able to enter vendor invoices to accrue expense without specifying a purchase order at the time of entry.
* Postage expenses must be split evenly across the regional distribution centers automatically.
* Administrative expenses must be distributed across the regional distribution centers by percentage of fulfillment orders monthly.
* Pickling machines depreciation must be uniquely recorded for visibility but not post to the ledger.
Issues
* During implementation testing, User1 indicates that after packing slips are generated for purchase orders, there are no ledger postings.
* User2 indicates that fixed assets purchased on a purchase order do not show up in the Fixed Assets module.
* User3 reports that they are seeing inconsistent application of the one-dollar donation from all sales orders.
* User4 in the Canadian subsidiary is able to purchase supplies for marketing despite exceeding the marketing department budget.
* User5 reports that when purchasing a non-inventoried computer, the system is automatically assigning it to the buildings fixed asset group.
NEW QUESTION # 226
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