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You want to delete a check from Finance. What status must the check have before it can be deleted?

• Submitted

• Approved

• Cancelled

• Created

If you are using pre-printed checks, what method do you select in the Check number method field?

• Sequential

• Fixed

• Random

• Manual

The Bookkeeper must create checks numbered 45701 through 45706. What values must they enter in the From and Quantity fields to do this?

• Enter 45706 in the From field and 6 in the Quantity field.

• Enter 45702 in the From field and 5 in the Quantity field.

• Enter 45701 in the From field and 6 in the Quantity field.

• Enter 45700 in the From field and 7 in the Quantity field.

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?

• when the system needs to automatically post a transaction to the accounts receivable account on invoice posting

• When the system needs to automatically post a transaction to the accounts payable account on invoice posting

• When the system needs to manually post a transaction to the accounts receivable account on invoice posting

• When the system needs to manually post a transaction to the accounts payable account on invoice posting

A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements: ✑ Distribute overhead utility expense to each department. ✑ Define how and in what proportion the source amounts must be distributed on various destination lines. You need to configure the allocation rule. Which allocation method should you use?

• Basis

• Distribute the source document amount equally.

• Fixed weight

• Allocation: This method assigns the source amount to the destination lines based on predetermined criteria.

An organization uses Dynamics 365 Finance. Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting. You need to prevent these invalid combinations. What should you do?

• Configure the account structure to specify which financial dimensions are valid for which main accounts.

• Create a new financial report to identify invalid combinations.

• Create a new set of rules to validate the main accounts and dimensions.

• Create a new set of financial policies to ensure accuracy of the journal entries.

You are configuring Dynamics 365 Finance. You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions?

• Accounts payable, Accounts receivable, Bank, Budget, Payroll, and Purchasing

• Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing

• Sales, Inventory, Human Resources, Manufacturing, and Customer Service

• Financial Reporting, Taxation, Auditing, Cash Flow, and Risk Management

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?

• Configure combined deposit amounts.

• Configure general ledger year-end close.

• Set up a payment gateway for online transactions.

• Create a budget template for tracking expenses.

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?

• Financial period close workspace.

• Configure a workflow to automate the month-end close process.

• Create a custom report to track progress across legal entities.

• Establish a shared document repository to facilitate collaboration.

You are a finance consultant. Your client needs you to configure cash flow forecasting. The client wants specific percentages of main accounts to contribute to different cash flow forecasts for other main accounts. You need to configure Dynamics 365 for Finance to meet the needs of the client. What should you do?

• On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account.

• On the Cash flow forecasting setup form, use the Account Hierarchy setup to specify which account and percentage is associated to the main account.

• On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account.

  Reveal Solution

• On the Cash flow forecasting setup form, use the Cash flow forecasting rules to specify which account and percentage is associated to the main account.