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A type of currency known as a ledger currency. - Accounting currency Functionality in Finance that helps companies to prioritize payments received. - Accounts receivable Functionality in Finance that helps companies to cancel wrong deposits. - Cash and bank management Functionalities in Finance that helps companies manage delinquent customers. - Credit and collections A type of currency known as a secondary currency - Reporting currency The way a fiscal calendar can be copied from one legal entity to another. - Associate it with the ledger page of the legal entity since it is shared master data. Number of opening periods able to have in a fiscal calendar year. - 1 Number of closing periods able to have in a fiscal calendar year. - Unlimited
What system account is not a required system account: Error account, Cash difference, Year-end result, or Penny difference? - Cash difference What task is not completed from the chart of accounts in Finance: Create periods, View a company's financial state, Set standard parameters, or Access transactions? - Create periods What account type is used for budgetary control? - Expense To transfer balances of the Closing sheet forms during the closing process, what values should be selected to update operating accounts? - Results What journal type creates a file that can be sent to the organization's bank? - Customer bank remittance To best describe one of the benefits of the chart of accounts in Finance, what can a chart of accounts can be used for? - Multiple legal entities in an organization What report has the option to show transactions by day, account, dimension, and period? - Dimension statement
By referring to balances in other account dimensions, which allocation method defines how, and in what proportion, the source amounts are distributed to the various destination lines? - Basis If receiving and posting a vendor invoice, what Finance functionality is the best solution for recognizing that expense later? - Accrual scheme What component defines how the result of the allocation calculation should be distributed and accounted for? - Destination What method in foreign currency revaluation jobs is used to post, regardless of whether the result is a profit or loss? - Standard What needs to be done to process exchange rate adjustments on eligible main accounts? - Use periodic General Ledger function, Foreign currency revaluation What needs to be set up in the General ledger to set up foreign currency consolidation in Finance to automatically post differences that result from consolidating subsidiaries with foreign currencies? - An account for automatic Balance account for consolidation differences transactions
When posting year-end transactions, what posting layer is designed for the closing sheet? - Current To delete a check from Finance, what status must the check have before it can be deleted? - Created If pre-printed checks are being used, what method needs to be selected in the check number method field? - Fixed The Bookkeeper must create checks numbered 45701 through 45706. What values must they enter in the From and Quantity fields to do this? - Enter 45701 in the From field and 6 in the Quantity field. What lets you drill down to the transactions that make up the summary amount in Bank management workspace? - Bridged transactions amount What option in the Bank management workspace represents the current balance minus the bridged, or pending transactions? - Pending balance amount
What must be set up to enable sales tax calculation in Finance? - The sales tax codes for the sales tax groups What tax component within Finance defines how much to collect or pay as a certain amount or percentage? - Sales tax codes What should be done to automatically select all vendor payments that are due within the same week? - Create a payment method and select Week in the Period field. To prevent the Accounts payable clerk from generating payments for a specific vendor, what option in the On hold field should be selected? - Payment What option in the Payment schedule field requires payment lines to be set up? - Specified What option in the Category field sets the charges based on the unit? - Pcs What is the purpose of an invoice register journal? - To pre-register invoices when they arrive, and then transfer them to an invoice pool for approval.
What parameter in a Payment proposal is only used if the method of payment is set up to Total invoices for payment on a specific day? - Payment weekday When setting up the Payment for each invoice parameter in Payment proposal, what setting should also be set to handle the following scenario? An unsettled invoice and payment exist for a vendor, both the unsettled invoice and the payment are selected for payment, and the amounts are added together to produce the total payment amount. - Set Delete negative payments to No What is the process of Accounts payable three-way invoice matching? - Matching the vendor invoice, purchase order, and product receipts information. What is two-way invoice matching? - Matching the price information on the invoice to the price information on the purchase order. To use the Prohibit submission to workflow feature, what three processes must be in place in the environment? - A vendor invoice workflow, a registration, and a vendor invoice. What type of matching is needed to be enabled so that imported invoices will match with posted product receipts? - Three-way matching
What option during generation of a picking list allows partial delivery? - Deliver now What option in the Summary order setting allows you to summarize by the Sales order? - Order The company plans to charge interest on customer overdue payments. The required interest codes in Finance are set up. What is the next step? - Apply the interest codes to customer posting profiles. The company plans to charge interest on overdue payments for customers located in the state of California, United States. The required interest codes in Finance are set up. What setting should be used in customer posting profiles? - Group What option contains customers balances at a point in time? - Customer aging snapshots What option allows being able to view, manage, and take action on collections for a customer? - Aged balances
What is budget control functionality? - A way to ensure that enough budget funds are available for planned or actual purchases The budget manager needs to allocate budget between two business units, based on a fixed formula. What component in budgeting must be set up? - Budget allocation term What feature determines how budget plans can be updated? - Budget planning processes What feature defines categories of data for the budget plans? - Budget plan scenarios What feature contains the budget data for a budget planning process? - Budget plans Where to go to review books that are linked to a fixed asset? - In the Fixed asset group page. Where to go to set up the capitalization threshold? - In the Fixed Asset groups.
What function calculates the lease present value so that it can be reported on the balance sheet? - Initial recognition When an asset becomes impaired, where can the adjustment be recorded in the Asset leasing module? - Under Books, the Maintain tab, and Impairment What can the Lease import framework enable to be done when Dynamics 365 Finance is connected to external data entities? - Adjust a lease, update non- financial information, or add new leases Which Asset leasing report lists information directly from the liability amortization schedule and asset depreciation schedule? - Lease balances forecast report While working with the Cost control workspace, the cost accountant needs columns to be shown for the selected budget versions to show the difference between budget and actual. What column should be added by using the Columns to display for budgeted costs FastTab? - Budget variance In the Cost control workspace, which button allows users to be able to view the corresponding statistical measures that are registered for the period based by allocation rule? - Allocation base
In configuring cost accounting by using the Get started wizard for a legal entity, what should be done to assign the chart of account in this wizard for the selected company? - Nothing Where to go to enable the Expense reports re-imagined feature? - Feature management workspace What gets enable to authorize legal entities and employees to incur expenses on behalf of another legal entity and receive payment from the legal entity of employment within the organization? - Intercompany expenses Hotel, airfare, taxi, meals, and entertainment are examples of what common expense management term? - Expense categories Where to go to experience a standard workspace for expenses and a landing page for an enhanced experience of entering expenses? - Expense management workspace To add an anti-corruption message for the submitter and the approver, what page to go to? - Expense management parameters
Which Expense management report shows all expense reports that were completed by each worker name and the expense category details? - Expense types per employee The organization requires that a travel requisition be submitted before an employee incurs an expense that is charged to the organization. Which of the following situations does this requirement apply to? o Charging expenses to a corporate credit card o Spending cash that has been received from a cash advance o Incurring out-of-pocket expenses o All the above - All of the above What happens if any approver in the workflow returns a travel requisition? - The travel requisition is returned to the workflow originator, who is the user who submitted the requisition Is it true that before you submit a cash advance for approval, all categories must be listed with the estimated cost of each expense? - No
