SIMULATION
You are a functional consultant for a legal entity named Contoso Group (GLCO).
You plan to sell new products that will increase in quality over time.
You need to implement a solution that uses the Last in, First out (LIFO) inventory model for GLCO.
To complete this task, sign in to the Dynamics 365 portal.

• A.You need to configure an Inventory Model Group for the new products.
  * For inventory model groups, navigate to Inventory management | Setup | Inventory | Item model groups.
  * Click "New" to create a new inventory model group.
  * In the "Cost method and cost recognition" section, configure the "Inventory Model" setting to Last in, First out (LIFO).
  * Click "Save" to save the inventory model group.
• B.You need to configure an Inventory Model Group for the new products.
  * For inventory model groups, navigate to Inventory management | Setup | Inventory | Item model groups.
  * In the "Cost method and cost recognition" section, configure the "Inventory Model" setting to Last in, First out (LIFO).
  * Click "Save" to save the inventory model group.

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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.

• A.Use budget control with the specified charges code.
• B.Enter the maximum amount when you set up the charges code.
• C.Set the maximum charge amount in the Accounts payable parameters,
• D.Enable invoice matching validation in the Accounts payable parameters.
• E.Define the maximum charge amount on the vendor record.

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You need to determine the root cause for User1's issue.
Which configuration options should you check? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Correct Answer:

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A company has delinquent customers.
You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:
* Send communication to the customers detailing their past-due invoices.
* Use the system to automatically calculate a late charges,
* Create a group of customers for a collection agent to monitor.
* View a list of customers with colored indicators of a customer's payment status.
You need to associate the correct system functionality to manage delinquent customers based on these business requirements.

Correct Answer:

Explanation

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-co

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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.

Correct Answer:

Explanation

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