You work as the Procurements Manager for a company. The company uses Microsoft Dynamics 365 Finance for its
accounting system.
The company purchases several different products from a vendor.
The vendor has agreed to give you a 10% discount if you purchase more than $10,000 worth of goods in a calendar month.
You need to configure a purchase agreement in Microsoft Dynamics 365 Finance.
Which of the following commitment types should you select in the purchase agreement?
D
Explanation:
Topic 4, Manage budgeting and fixed assets
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
You are configuring the methods of payment in the Accounts Receivable module.
You need to configure the system to perform validation of journal entries when electronic payments are received. The
validation must ensure that the type of bank operation that was used is selected by the user.
Which of the following validation options should you select?
C
A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your
role will include the management of the Dynamics 365 system.
You have been asked by the Finance Manager to configure invoice matching validation to check for discrepancies between
vendor invoices, purchase orders and product receipts.
The configuration must meet the following requirements:
Compare the invoice amount of the invoice to the purchase order.
Compare the total discount of the invoice to the purchase order.
Compare the sales taxes of the invoice to the purchase order
Which of the following validation methods should you configure?
C
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
Invoice matching validation has been configured. Multiple matching policies have been applied at different matching policy
levels.
When viewing the configuration, you discover that an item named Item1 supplied by a vendor named Vendor1 is affected by
multiple matching policies applied at different levels.
You need to determine which matching policy will be applied.
Which of the following statements is true?
D
A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your
role will include the management of the Dynamics 365 system.
You have been asked by the Finance Manager to configure invoice matching validation to check for discrepancies between
vendor invoices, purchase orders and product receipts.
The configuration must meet the following requirements:
Compare the unit price of the invoice to the unit price of the purchase order. Compare the invoice quantity to the matched
product receipt quantity.
Which of the following validation methods should you configure?
D
You work as the Accounts Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting
system.
You need to configure a payment proposal to make a payment to a vendor.
Which of the following actions should you perform first?
C
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
You are configuring the Accounts Receivable module. Vendors often apply charges for certain items.
You need to configure a maximum amount that is allowed for a charge. Invoice matching validation is enabled.
Where should you configure the maximum charge amount?
A
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
You are configuring collections in the Accounts Receivable module. You have configured members of the Accounts team as
collection agents.
Each collection agent will monitor different groups of customers. You need to define groups of customer accounts that can
be displayed and managed for collections or aging processes by the collection agents.
Which of the following should you configure?
B
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
You are configuring the methods of payment in the Accounts Receivable module.
You need to configure the system to perform validation while using a method of payment in a journal entry. The validation
must ensure that the wire number is entered when an electronic payment is received.
Which of the following validation options should you select?
A
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
You have assigned the Vendor (external) security role to a vendor that will work with purchase orders.
Which two of the following actions can the vendor perform? (Choose two)
A E
You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365
system.
You are configuring intercompany accounting.
You have configured the main accounts. You now need to configure a journal for the intercompany accounting.
Which journal type should you use?
C
Explanation:
Topic 3, Implement and manage accounts payable and receivable
A multicompany enterprise has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Functional
Consultant. Your role will include the management of the Dynamics 365 Finance system.
You need to configure intercompany accounting.
You begin by configuring the intercompany main accounts to use for the Due to and Due from accounting entries.
Which of the following should you select in the Main account type field on the Main accounts page?
B
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
The company has eight departments across three divisions.
You need to be able to run the trial balance in the following ways:
By main account, division, department and cost center.
By main account, division and department. By main account and division.
You configure financial dimensions for division, department and cost center.
What should you do next?
A
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
A company requirement states that all purchase orders for purchases under $500 must be approved by a line manager. All
purchase orders for purchases over $500 must be approved by the Finance Manager.
You are configuring workflow process in Dynamics 365 Finance to meet the purchase order approval requirements.
You need to configure the permissions in the workflow.
Which of the following actions should the originator be able to perform?
C
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.
The Finance Manager asks you to create a custom financial report. You plan to use Report Designer to configure the report.
You need to identify the report components and their purposes.
Which component defines the period to use when data is extracted from the financial dimensions?
B