You are configuring the Fixed assets module for a Dynamics 365 Finance and Operations environment,

You need to set up the basic configuration to create a fixed asset Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

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HOTSPOT

A client confirms a safes order in Dynamics 365 for Finance and Operations. You are viewing the confirmed sales order.

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Correct Answer:

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 the Budget module in Dynamics 365 for Finance and Operations for budget management

You need to create the new budgets.

Solution: Combine budgets from multiple legal entities to a master budget.

Does the solution meet the goal?

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A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.

The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.

You need to configure the system and correctly perform eliminations.

Solution: Set up Elimination rules in the system. Then, run an elimination proposal. Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup.

Does the solution meet the goal?

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DRAG DROP

You need to process expense allocations.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

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Correct Answer:

Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rules

DRAG DROP

You need to process expense allocations.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

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Correct Answer:

Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rules

You need to resolve the issue that User4 reports.

What should you do?

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CAR-1233

– At the regional distribution centers, the value for physical inventory does not match the inventory in the financial system.

– Munson’s rents their corporate office. Rent is not paid by purchase order. Rent is due once a quarter.

– Allocations are performed manually.

– Barrels are inventoried by site and warehouse.

– Munson’s has multiple depreciation and tax books for all of their fixed asset equipment.

– Budgets are posted at the department level for each legal entity.

Requirements. Sales

– Customers should be able to pre-order for fall release of pickles.

– Three-way matching must be enforced for all purchases.

– Fixed asset sale transactions require a ledger account entered at the time of transaction.

– Fixed assets purchased must be automatically created in fixed asset module. This includes inventory items and write in purchase orders/non-inventoried items.

– One dollar from every sale needs must be tracked and donated at the end of each month to a charitable organization.

– Purchasing budgets must be enforced at the main account level.

Requirements. Finance

– Accounts payable must be able to enter vendor invoices on the day they were received to be settled against when product is received.

– Accounts payable must be able to enter vendor invoices to accrue expense without specifying a purchase order at the time of entry.

– Postage expenses must be split evenly across the regional distribution centers automatically.

– Administrative expenses must be distributed across the regional distribution centers by percentage of fulfillment orders monthly.

– Pickling machines depreciation must be uniquely recorded for visibility but not post to the ledger.

Issues

– During implementation testing, User1 indicates that after packing slips are generated for purchase orders, there are no ledger postings.

– User2 indicates that fixed assets purchased on a purchase order do not show up in the Fixed Assets module.

– User3 reports that they are seeing inconsistent application of the one-dollar donation from all sales orders.

– User4 in the Canadian subsidiary is able to purchase supplies for marketing despite exceeding the marketing department budget.

– User5 reports that when purchasing a non-inventoried computer, the system is automatically assigning it to the buildings fixed asset group.

HOTSPOT

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.

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Correct Answer:

DRAG DROP

A retail company has outlets in multiple locations. Taxes vary depending on the location.

You need to configure the various components of the tax framework.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

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Correct Answer:

An organization is setting up cost accounting.

You need to set up fiscal calendars for Dynamics 365 for Finance and Operations.

What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

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