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Microsoft Dynamics 365 Finance Functional Consultant Sample Questions (Q202-Q207):

NEW QUESTION # 202
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.
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: Create budget plans for multiple scenarios.
Does the solution meet the goal?

A. No
B. Yes

Answer: B

Explanation:
Section: Manage budgeting and fixed assets
Explanation
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning- overview-configuration

NEW QUESTION # 203
An organization acquires a building. You need to register-and record the building as an asset building in Dynamics 365 Finance and Operations. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

A. Select an acquisition transaction type within a fixed asset journal.
B. Eliminate the project to a fixed asset.
C. Use the sales order process to acquire the asset.
D. Create a sales invoice to record and register the fixed asset.
E. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal.

Answer: A,B,E

NEW QUESTION # 204
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days and a discount of one percent if it is paid in
14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:

Explanation:

Explanation:

NEW QUESTION # 205
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets - vehicles in the wrong fixed asset group.
You need to achieve the following;
* Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
* Ensure that all value models for the existing fixed asset are created for the new fixed asset Any information that was set up for the original fixed asset is copied to the new fixed asset.
* Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets
group.
What should you do?

A. Copy the fixed asset.
B. Change the fixed asset group
C. Transfer the fixed assets.
D. Reclassify the fixed asset.

Answer: C

NEW QUESTION # 206
You need to identify why the sales orders where sent to customers.
Which configuration allowed the sales orders to be sent? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct select is worth one point.

Answer:

Explanation:

Explanation:

NEW QUESTION # 207
......

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Microsoft Dynamics 365 Finance Functional Consultant Sample Questions (Q202-Q207):

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