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Microsoft Dynamics 365 Finance Functional Consultant Sample Questions (Q48-Q53):

NEW QUESTION # 48
You are implementing a Dynamics 365 for Finance and Operations General ledger module for a client that has multiple legal entities.
The client has the following requirements:
* Post journal entries for all companies from one legal entity.
* Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.
* Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.
* Set up fixed or variable allocations, and then review the allocations in a journal before posting,
* Automatically post year-end results to account 30016 during year-end close.
You need to configure the system.
Which system capability should you configure? To answer, select the appropriate configuration in the answer area.
Answer: ** Explanation:


NEW QUESTION # 49**
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?

  • A. On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account.
  • B. Configure the parent/child relationship for the main account and subaccounts by using appropriate percentages.
  • C. Configure the cash flow forecasting setup for Accounts Payable before you configure vendor posting profiles.
  • D. On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account.

Answer: D Explanation:
D18912E1457D5D1DDCBD40AB3BF70D5D
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting
NEW QUESTION # 50
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.
To complete this task, sign in to the Dynamics 365 portal. Answer: ** Explanation:
See explanation below.
* Click General ledger > Reports > Transactions > Trial Balance
* Enter the Start and End dates for the report.
* Click Destinations ... to specify how you want to 'print' the report.
* Select File as the destination.
* Select the Downloads\Trial folder for the location.
* Select Microsoft Excel for the file format.
* Click OK to close the 'Print destination settings' form.
* Click OK to 'print' (save) the report to the selected destination.
NEW QUESTION # 51**
You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities:
* CompanyA
* CompanyB
You need to configure intercompany accounting for both legal entities.
Which three 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.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.
Answer: ** Explanation:

Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-accounting-setup
NEW QUESTION # 52**
A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.
You need to configure the client's system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:
Include the main account and all four dimensions.
Include the main account and only the business unit and cost center dimensions.
What should you configure?

  • A. two financial dimension sets
  • B. two account structures
  • C. two derived financial dimension hierarchies
  • D. all financial dimensions by using the group dimension functionality

Answer: A
NEW QUESTION # 53
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