En un lugar de la mancha

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution. 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. You are configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: ✑ The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13. ✑ The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. ✑ All dimensions from profit and loss must carry over into the retained earnings. ✑ All future and previous periods must have an On Hold status. Solution: ✑ Configure General ledger parameters. - Set the Delete close of year transactions option to Yes. - Set the Create closing transactions during transfer option to Yes. - Set the Fiscal year status to permanently closed option to No. ✑ Define the Year-end close template. - Designate a retained earnings main account for each legal entity. - Set the Financial dimensions will be used on the Opening transactions option to No. - Set the Transfer profit and loss dimensions option to Close All. ✑ Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?. Yes. No.

HOTSPOT - A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations. You need to set up cost versions and prices to accomplish the manufacturer's goal. For which purpose should you use each costing type? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area: 2 options. Standard cost: to support cost calculation simulation. Standard cost: to support actual cost inventory model. Standard cost: to support standard cost inventory model. Planned cost: to support cost calculation simulation. Planned cost: to support standard cost for master plan. Planned cost: to directly activate planned cost to standard cost.

You are implementing Dynamics 365 Finance. Subledger entries must transfer automatically to the general ledger. You need to configure a batch transfer rule. Which two options should you select? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. Asynchronous. Scheduled batch. Batch jobs. Scheduler job.

A customer uses bank reconciliation functionality in Dynamics 365 Finance. The customer finds a transaction in a closed fiscal period that must be corrected. You need to correct the transaction. How should you make this correction?. Use the Correction amount field. Open the fiscal pend. Create a new line for the transaction in the closed period. Create a new line for the transaction in an open period.

You are implementing Dynamics 365 Finance. You commonly complete the sale of goods across international borders. You need to configure the system. What should you use?. Bank statements. Purchase agreement. Letters of credit. Promissory note.

The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review. You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller’s needs. Which functionality should you configure?. An Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name. An alert that is sent to the controller when a journal name is created. A manual journal approval with the journal assigned to the controller’s user group. The controller’s security role so that he has approval privileges for General ledger journals.

You are implementing Dynamics 365 Finance. Sales tax should be calculated when the sales orders are entered. During testing, you find the sales tax is not calculating as expected. You need to validate sales tax has been set up correctly. Which two actions should you do? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. Validate the default item sales tax group setup for the item being sold. Associate the sales tax jurisdiction to the item sales tax group associated to the item being sold. Validate a default sales tax code has been set up on the customer from the sales order. Validate a default item sales tax code has been set up on the item being sold. Validate the sales tax group setting on the customer from the sales order.

A company uses Dynamics 365 Finance to include multiple business units as a financial dimension. All customer payment journals must be posted to the headquarters’ business unit financial dimension. You need to configure the accounts receivable journal name. What should you configure?. Journal control. Posting restriction. Default financial dimension. Journal approval.

A company has implemented Dynamics 365 Finance. The company has three different banks where they hold funds. Each bank holds three separate accounts, totaling nine accounts for the company. The system must use default the bank information when a new account is created. All bank balances for a single bank account must be updated simultaneously. You need to configure the system. Which two entities should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. Bank account. Bank reasons. Bank reconciliation. Bank group.

A company has implemented Dynamics 365 Finance. The company requires better visibility into their cash flow and wants to reconcile bank accounts daily with a timely view of check deposits. You need to configure the bank accounts for more accurate timing of cash flow. What should you configure?. Pending balance. Account posting type. Bridging accounts. Advanced bank reconciliation.