MB-310: Microsoft Dynamics 365 Finance Functional Consultant

Question #: 151
Topic #: 2
DRAG DROP
–
A company is implementing Dynamics 365 Finance.
The company maintains two different bank accounts from the same bank.
You need to set up and generate positive pay for the bank accounts.
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.

No answers

Selected Answer: D
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Question #: 152
Topic #: 3
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.
You manage a Dynamics 365 Finance implementation.
You must provide the budget versus actual reporting in near real time.
You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget.
Solution: Define a budget model. Set active forecasting process to the current year forecast.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 153
Topic #: 1
A customer uses the sales tax functionality in Dynamics 365 Finance.
The customer reports that when a sales order is created, sales tax does not calculate on the line.
You need to determine why sales tax is not calculated.
What are two possible reasons? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.

A. The sales tax group is populated on the line, but the item sales tax group is missing.
B. The sales tax settlement account is not configured correctly.
C. The sales tax authority is not set up for the correct jurisdiction.
D. The sales tax code and item sales tax code are selected, but the sales tax group is not associated to both codes.
E. The sales tax group and item sales tax group are selected, but the sales tax code is not associated with both groups.

Selected Answer: AE
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Question #: 154
Topic #: 2
DRAG DROP
–
A company is implementing Dynamics 365 Finance.
The company maintains two different bank accounts from the same bank.
You need to set up and generate positive pay for the bank accounts.
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.

No answers

Selected Answer: B
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Question #: 155
Topic #: 2
HOTSPOT
–
A company charges customers for freight costs. These charges are not added to the items on the order.
You need to configure the charge code for Accounts receivable.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

No answers

Selected Answer: D
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Question #: 156
Topic #: 3
HOTSPOT
–
A company implements expense management in Dynamics 365 Finance to manage employee travel expenses.
The current per diem setup on the Expense management parameters page is as follows:

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.

No answers

Selected Answer: C
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Question #: 157
Topic #: 1
SIMULATION –
You are a functional consultant for Contoso Entertainment System USA (USMF).
USMF recently opened a new bank account in the Brazilian currency.
You need to create a new bank account in the system for the new bank account.
To complete this task, sign in to the Dynamics 365 portal.

No answers

Selected Answer: B
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Question #: 158
Topic #: 2
HOTSPOT
–
A company charges customers for freight costs. These charges are not added to the items on the order.
You need to configure the charge code for Accounts receivable.
What should you configure? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

No answers

Selected Answer: C
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Question #: 159
Topic #: 3
HOTSPOT
–
A company implements expense management in Dynamics 365 Finance to manage employee travel expenses.
The current per diem setup on the Expense management parameters page is as follows:

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.

No answers

Selected Answer: D
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Question #: 160
Topic #: 1
SIMULATION –
You are a functional consultant for Contoso Entertainment System USA (USMF).
USMF recently opened a new bank account in the Brazilian currency.
You need to create a new bank account in the system for the new bank account.
To complete this task, sign in to the Dynamics 365 portal.

No answers

Selected Answer: B
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Question #: 161
Topic #: 3
You are configuring Dynamics 365 Finance.
Transactions are being approved for all sales transactions. This configuration results in numerous fraudulent transactions.
The payment provider requires verification of the following information in order to authorize transactions:
• account holder name
• billing address
• postal code
You need to configure the system to only approve transactions with a verified address.
Which option should you select for credit card authorization?

A. Postal code
B. Billing address
C. Always accept transaction
D. Account holder

Selected Answer: B
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Question #: 162
Topic #: 2
HOTSPOT –
Your company uses Dynamics 365 Finance:
You must record an interest expense that occurs every month: It must be recorded the same way each month. Your manager wants each interest posting to use the number scheme “INT-XXXX”, with XXXX representing a sequential number.
You need to configure the system.
What should you create? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

No answers

Selected Answer: C
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Question #: 163
Topic #: 1
A client needs guidance on month-end closing procedures.
The client needs to be able to stop all teams except Accounts payable and General ledger from posting transactions for the month.
You need to configure Dynamics 365 Finance to allow only those two teams to transact during the period being closed.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

A. Create an access group called month end access for Accounts payable and General ledger team members.
B. Set all modules to none to prevent any transactions from being posted.
C. Configure the financial period close workspace tasks to the Accounts payable and General ledger teams only
D. Move the period status to on hold for your client’s one legal entity.
E. Assign the security group month end access on the ledger calendar form for the modules they need access to.

Selected Answer: ADE
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Question #: 164
Topic #: 3
You are configuring Dynamics 365 Finance.
Transactions are being approved for all sales transactions. This configuration results in numerous fraudulent transactions.
The payment provider requires verification of the following information in order to authorize transactions:
• account holder name
• billing address
• postal code
You need to configure the system to only approve transactions with a verified address.
Which option should you select for credit card authorization?

A. Postal code
B. Billing address
C. Always accept transaction
D. Account holder

Selected Answer: B
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Question #: 165
Topic #: 2
HOTSPOT –
Your company uses Dynamics 365 Finance:
You must record an interest expense that occurs every month: It must be recorded the same way each month. Your manager wants each interest posting to use the number scheme “INT-XXXX”, with XXXX representing a sequential number.
You need to configure the system.
What should you create? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

No answers

Selected Answer: A
———————————————————————-

Question #: 166
Topic #: 1
A client needs guidance on month-end closing procedures.
The client needs to be able to stop all teams except Accounts payable and General ledger from posting transactions for the month.
You need to configure Dynamics 365 Finance to allow only those two teams to transact during the period being closed.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

A. Create an access group called month end access for Accounts payable and General ledger team members.
B. Set all modules to none to prevent any transactions from being posted.
C. Configure the financial period close workspace tasks to the Accounts payable and General ledger teams only
D. Move the period status to on hold for your client’s one legal entity.
E. Assign the security group month end access on the ledger calendar form for the modules they need access to.

Selected Answer: ADE
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Question #: 167
Topic #: 3
HOTSPOT
–
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.

No answers

Selected Answer: A
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Question #: 168
Topic #: 2
A company plans to allocate revenue across occurrences by using recognition basis.
Which recognition basis can you use?

A. Actual start date
B. Mid-month split
C. First of month
D. Monthly by dates

Selected Answer: D
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Question #: 169
Topic #: 1
An organization is upgrading to Dynamics 365 Finance.
One of the organization’s legal entities needs to have different main accounts for a period of six months.
You need to configure the legal entity override dates.
Which two actions can you perform? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.

A. Set the value of the override date field at the legal entity level to be more restrictive.
B. Set the value of the override date field at the shared level to be more restrictive.
C. Set the value of the override date field at the legal level to be less restrictive.
D. Set the value of the override date field at the shared level to be less restrictive.

Selected Answer: A
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Question #: 170
Topic #: 3
HOTSPOT
–
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.

No answers

Selected Answer: D
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Question #: 171
Topic #: 2
A company plans to allocate revenue across occurrences by using recognition basis.
Which recognition basis can you use?

A. Actual start date
B. Mid-month split
C. First of month
D. Monthly by dates

Selected Answer: D
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Question #: 172
Topic #: 1
An organization is upgrading to Dynamics 365 Finance.
One of the organization’s legal entities needs to have different main accounts for a period of six months.
You need to configure the legal entity override dates.
Which two actions can you perform? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.

A. Set the value of the override date field at the legal entity level to be more restrictive.
B. Set the value of the override date field at the shared level to be more restrictive.
C. Set the value of the override date field at the legal level to be less restrictive.
D. Set the value of the override date field at the shared level to be less restrictive.

Selected Answer: A
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Question #: 173
Topic #: 4
A company uses Dynamics 365 Finance for its budget control processes. The default over-budget option for all user groups is Prevent over budget processing.
A purchasing agent must create a purchase order with multiple lines. However, when the agent adds the last line, an error appears that states that the financial dimension value is over budget.
You need to configure the system so the purchasing agent can process purchase orders with this financial dimension value.
What should you do?

A. Create a new user group for the purchasing agent and define a rule where the group has a budget threshold less than 100.
B. Create a new user group for the purchasing agent and define user group permissions to prevent over-budget processing.
C. Define the collection of financial dimensions to pool the budgets for a secondary budget check.
D. Create a new user group for the purchasing agent and define user group permissions to allow over-budget processing.

Selected Answer: D
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Question #: 174
Topic #: 2
HOTSPOT
–
A company uses Dynamics 365 Finance.
The company has prepaid insurance expenses at the beginning of the calendar year that cover the entire year. The company must expense the prepaid insurance automatically and equally during a month-end process.
You need to configure the accrual scheme.
How should you configure the accrual scheme? To answer, select the appropriate options in the answer area.
NOTE: Each correct answer is worth one point.

No answers

Selected Answer: D
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Question #: 175
Topic #: 1
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 default financial dimensions on expense accounts only.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 176
Topic #: 3
HOTSPOT
–
A company plans to implement expense management in Dynamics 365 Finance.
The finance manager requires the following functionality:
• Define rules that employees must follow to submit an expense report.
• Share expense classifications between expense management and project accounting.
• Approve expenses on behalf of another employee.
You need to recommend configuration options.
Which configuration options should you recommend?
To answer, select the appropriate options in the answer area.

No answers

Selected Answer: A
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Question #: 177
Topic #: 4
A company uses Dynamics 365 Finance for its budget control processes. The default over-budget option for all user groups is Prevent over budget processing.
A purchasing agent must create a purchase order with multiple lines. However, when the agent adds the last line, an error appears that states that the financial dimension value is over budget.
You need to configure the system so the purchasing agent can process purchase orders with this financial dimension value.
What should you do?

A. Create a new user group for the purchasing agent and define a rule where the group has a budget threshold less than 100.
B. Create a new user group for the purchasing agent and define user group permissions to prevent over-budget processing.
C. Define the collection of financial dimensions to pool the budgets for a secondary budget check.
D. Create a new user group for the purchasing agent and define user group permissions to allow over-budget processing.

Selected Answer: D
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Question #: 178
Topic #: 2
HOTSPOT
–
A company uses Dynamics 365 Finance.
The company has prepaid insurance expenses at the beginning of the calendar year that cover the entire year. The company must expense the prepaid insurance automatically and equally during a month-end process.
You need to configure the accrual scheme.
How should you configure the accrual scheme? To answer, select the appropriate options in the answer area.
NOTE: Each correct answer is worth one point.

No answers

Selected Answer: D
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Question #: 179
Topic #: 1
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 default financial dimensions on expense accounts only.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 180
Topic #: 3
HOTSPOT
–
A company plans to implement expense management in Dynamics 365 Finance.
The finance manager requires the following functionality:
• Define rules that employees must follow to submit an expense report.
• Share expense classifications between expense management and project accounting.
• Approve expenses on behalf of another employee.
You need to recommend configuration options.
Which configuration options should you recommend?
To answer, select the appropriate options in the answer area.

No answers

Selected Answer: B
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Question #: 181
Topic #: 1
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 two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: A
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Question #: 182
Topic #: 3
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 uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure the journal control.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 183
Topic #: 2
DRAG DROP
–
A company uses Dynamics 365 Finance.
You need to use the advanced bank reconciliation feature to reconcile bank transactions.
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.

No answers

Selected Answer: A
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Question #: 184
Topic #: 1
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 two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: A
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Question #: 185
Topic #: 3
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 uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure the journal control.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 186
Topic #: 2
DRAG DROP
–
A company uses Dynamics 365 Finance.
You need to use the advanced bank reconciliation feature to reconcile bank transactions.
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.

No answers

Selected Answer: D
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Question #: 187
Topic #: 3
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 uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure blocking and select private for the user group value.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: A
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Question #: 188
Topic #: 1
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 apply advanced rules.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 189
Topic #: 3
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 uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure blocking and select private for the user group value.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: A
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Question #: 190
Topic #: 1
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 apply advanced rules.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 191
Topic #: 3
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 uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure the journal approval.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 192
Topic #: 2
DRAG DROP
–
You are implementing revenue recognition functionality in Microsoft Dynamics 365 Finance.
You need to configure revenue schedules to meet the following requirements:
• Agreement start and end dates must be determined by the system.
• Determine revenue price allocation across the occurrences based on contract terms.
Which feature should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than 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.

No answers

Selected Answer: C
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Question #: 193
Topic #: 1
DRAG DROP –
A customer implements Dynamics 365 Finance.
The customer observes that during foreign currency revaluation of the Accounts Receivable subledger, the results are not as expected.
You need to re-run the foreign currency revaluation of the Accounts Receivable subledger.
Which currency revaluation method should you use for each requirement? To answer, drag the appropriate methods to the correct requirements. Each method may be used once, more than 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.
Select and Place:

No answers

Selected Answer: A
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Question #: 194
Topic #: 3
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 uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure the journal approval.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 195
Topic #: 2
DRAG DROP
–
You are implementing revenue recognition functionality in Microsoft Dynamics 365 Finance.
You need to configure revenue schedules to meet the following requirements:
• Agreement start and end dates must be determined by the system.
• Determine revenue price allocation across the occurrences based on contract terms.
Which feature should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than 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.

No answers

Selected Answer: B
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Question #: 196
Topic #: 1
DRAG DROP –
A customer implements Dynamics 365 Finance.
The customer observes that during foreign currency revaluation of the Accounts Receivable subledger, the results are not as expected.
You need to re-run the foreign currency revaluation of the Accounts Receivable subledger.
Which currency revaluation method should you use for each requirement? To answer, drag the appropriate methods to the correct requirements. Each method may be used once, more than 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.
Select and Place:

No answers

Selected Answer: B
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Question #: 197
Topic #: 3
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.
You manage a Dynamics 365 Finance implementation.
You must provide the budget versus actual reporting in near real time.
You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget.
Solution: Configure an expense dimension set. Configure the set show amounts field value to per budget cycle.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 198
Topic #: 2
A company uses the credit and collections features of Dynamics 365 Finance to track invoices and incoming payments from customers.
You need to configure the automatic collection task.
Which two options should you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

A. Posting profiles
B. Aging period definitions
C. Process hierarchy
D. Quiet days

Selected Answer: BC
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Question #: 199
Topic #: 1
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 customer uses Dynamics 365 Finance.
The controller notices incorrect postings to the ledger entered via journal.
The system must enforce the following:
✑ Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.
✑ Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.
✑ Liability accounts (2000-2999) should not have any dimensions posted.
✑ Expense account (6999) requires department, division, project and customer dimensions with all transactions.
You need to configure the account structure to meet the requirements.
Solution:
✑ Configure one account structure.
✑ Configure an advanced rule for Liability accounts (2000-2999) not to display any dimensions when selected.
✑ Configure an advanced rule for Expense account (6999) to require customer.
✑ Configure the structure with all dimension fields containing quotations.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B
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Question #: 200
Topic #: 3
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.
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You manage a Dynamics 365 Finance implementation.
You must provide the budget versus actual reporting in near real time.
You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget.
Solution: Configure an expense dimension set. Configure the set show amounts field value to per budget cycle.
Does the solution meet the goal?

A. Yes
B. No

Selected Answer: B