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.No
• B.Yes

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A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 Finance General ledger module.
Which three configurations must you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

• A.Configure the Fiscal year close parameters
• B.Configure the ledger calendar for the new fiscal year
• C.Set up the year end close template
• D.Validate the main account type
• E.Create the next fiscal year

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A client needs to configure Accounts payment vendor methods of payment to meet the following business requirements:
Configure the electronic method of payment to create one electronic payment for all of the invoices due.
Configure the system to ensure that all payments made with an electronic method of payment also forces the user to select which payment has been used.
You display the Methods of payment setup screen.

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.

Correct Answer:

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A client has unique accounting needs that sometimes require posting definitions.
You need to implement posting definitions.
In which situation should you implement posting definitions?

• A.when financial dimensions need to default from the vendor record onto an invoice
• B.when only certain dimensions are allowed to post with certain main account combinations
• C.when creating multiple balanced ledger entries based on transaction types or accounts
• D.when the system needs to automatically post a transaction to the accounts receivable account on invoice posting

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A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions? To answer, select the appropriate configuration in the answer are3. NOTE: Each correct selection is worth one point.

Correct Answer:

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accounting

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