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For which purpose should you use each costing type?
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...
Which three settings must you configure?
A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution. NOTE: Each correct selection...
What should you do?
A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 Finance for cash settlements. What should you do?A . Configure combined deposit amountsB . Configure budget appropriationsC . Configure general ledger year-end...
What should you do?
An organization uses Dynamics 365 Finance. Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting. You need to prevent these invalid combinations. What should you do?A . Configure the account structure to specify which financial dimensions are valid for which main accounts.B...
Which configuration and transaction options should you use?
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...
What are three uses for fiscal calendars?
An organization is setting up a cost accounting. You need to set up fiscal calendars for Dynamics 365 Finance. What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.A . standard work hoursB . financial transactionsC . fixed...
Which actions should you perform?
HOTSPOT A rental service company with complex accrual requirements has accrual schemes set up in its implementation. They want to use defined accrual schemes to perform transactions. You need to use an accrual scheme to create transactions for this company. Which actions should you perform? To answer, select the appropriate...
Which two configurations should you use?
A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee’s pay. Transactions for new employees must be recognized in the...
Does the solution meet the goal?
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...
In which order should you perform the actions?
DRAG DROP You need to set up 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...
