Question 1

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?

Options :

A : when financial dimensions need to default from the vendor record onto an invoice

B : when only certain dimensions are allowed to post with certain main account combinations

C : when creating multiple balanced ledger entries based on transaction types or accounts

D :

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

Answer: C

Question 2

You are configuring the Accounts payable module for a company. The company needs to set a limit on the charges they will pay for specific items. You need to set up the limit for charges. Which two actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options :

A : Enable invoice matching validation in the Accounts payable parameters

B : Enter the maximum amount when you set up the charges code

C : Use budget control with the specified charges code

D : Set the maximum charge amount in the Accounts payable parameters

E : Define the maximum charge amount on the vendor record

Answer: A,B

Question 3

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?

Options :

A : Financial reporting

B : Financial insights workspace

C : Electronic reporting

D : Financial period close workspace

Answer: D

Question 4

A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options :

A : the Sales tax group on the Customer record

B : the Terms of delivery setup

C : the Item Sales tax group on the Item record

D : the Sales reporting codes

E : the Sales tax codes

Answer: A,C,E

Question 5

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 client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions. The client has the following requirements: Only expense accounts require dimensions posted with the transactions. Users must not have the option to select dimensions for a balance sheet account. You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry. Solution: Configure one account structure for expense accounts and include applicable dimensions. Does the solution meet the goal?

Options :

A : Yes

B : No

Answer: B

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