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Microsoft Dynamics 365 for
Finance and Operations, Financials
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Question: 1
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 is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for
budget management
You need to create the new budgets.
Solution: Create budget plans for multiple scenarios.
Does the solution meet the goal?
A. Yes
B. No
Answer: A
Question: 2
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 is preparing to complete yearly budgets.
The company plans to use-pie Budget module in Dynamics 365 for Finance and Operations for
budget management
You need to create the new budgets.
Solution: Create budget plans to define the revenues for a budget
Does the solution meet the goal?
A. Yes
B. No
Answer: B
Question: 3
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 is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for
budget management
You need to create the new budgets.
Solution: Combine budgets from multiple legal entities to a master budget.
Does the solution meet the goal?
A. Yes
B. No
Answer: B
Question: 4
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies
and data reside in Finance and Operations,
The client currently uses a separate reporting tool to perform their financial consolidation and
eliminations, They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Create a separate company in which you manually create the eliminations. Then, use that
company in Financial reporting or in the consolidation process.
Does the solution meet the goal?
A. Yes
B. No
Answer: A
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unifiedoperations/
financials/budgeting/consolidation-elimination-overview
Question: 5
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies
and data reside in Finance and Operations,
The client currently uses a separate reporting tool to perform their financial consolidation and
eliminations. They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate online in Finance and Operations. Include eliminations during the
process or as a proposal. Setup the transactions to post in the legal entity configured for
consolidations.
Does the solution meet the goal?
A. Yes
B. No
Answer: B
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unifiedoperations/
financials/budgeting/consolidation-elimination-overview
Question: 6
HOTSPOT
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate
options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Question: 7
DRAG DROP
You need to setup a process of tracking, recording, and analyzing costs associated with the products
or activities of a nonmanufacturing organization.
You need to configure the prerequisite setup for the standard costing version for the current period.
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.
Answer:
Explanation:
References:
https:HYPERLINK "https://docs.microsoft.com/en-us/dynamics365/unified-operations/supplychain/
cost-management/prerequisites-standard-costs"//docs.microsoft.com/enus/
dynamics365/unified-operations/supply-chain/cost-management/prerequisites-standard-costs
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