MB6-895 practice questions
You need to configure an allocation on account 606785 for the Utilities expense. The amount must be spread across a variety of departments based on percentage. What should you do?
A. Create a legal entity override on main account 606785 and then define the allocation percentage.
B. Create an allocation term and link it to main account 606785.
C. Create a financial dimension default template with allocation percentages and link it to main account 606785.
D. Create a ledger allocation basis and link it to main account 606785.
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You want to import foreign currency exchange rates on a daily basis, rather than having to enter them manually. Besides the date or dates of the rates to be imported, which two pieces of information are required on the import currency exchange rates from? Each correct answer presents a complete solution. (Choose two.)
A. Exchange rate type
B. Currency revaluation account
C. Currency codes
D. Exchange rate provider
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Question
You are creating a budget register entry for rent. You created a line for account 671450 with cost center 10 for an amount of 8,900.00 USD. You need to duplicate the line for each month of the year. What should you do?
A. Use the allocate across period feature.
B. Use the allocate across dimensions’ feature.
C. Create a recurring entry.
D. Create a periodic journal.
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You are creating and posting a sales tax transaction. The sales tax percentage is incorrect for the current transaction and will need to be revised prior to posting a transaction. You need to correct the sales tax percentage for this order and all future orders. Where should you make the configuration change?
A. Item sales tax groups
B. Sales tax authorities
C. Sales tax groups
D. Sales tax codes
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Question
Your work for Contoso, Ltd. Your company has many subsidiaries in various countries that all use a shared chart of accounts. One subsidiary’s local government requires the use of a government -mandated chart of accounts for reporting. This chart is the same for some accounts in your shared chart of accounts, but not for all of them. You need to ensure that foreign subsidiary is able to complete the mandatory statutory reporting while adhering to the local government regulations. Which two steps should you take to enable the mandatory statutory reporting? Each correct answer presents a part of the solution. (Choose two.)
A. Set up currency exchange rates for the government-mandated chart.
B. Map all accounts from the shared chart of accounts to additional consolidation accounts from the government-mandated chart
C. Set up a consolidation group for the government-mandated chart
D. Create a new chart of accounts specifically to be used for the subsidiary company that matches the government-mandated chart of accounts.
E. Download electronic reporting configurations from Lifecycle Services.
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Question
You have been tasked with reviewing and processing transactions in the General ledger module. You need an allocation to depend on the actual ledger balance. When setting up an allocation rule, which method should you select?
A. Fixed weight
B. Basis
C. Fixed percentage
D. Evenly
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You need to send a notification to customers about invoices with outstanding balances at the end of the month. Which three actions should you complete? Each correct answer presents part of the solution. (Choose three.)
A. set up a collection letter sequence on the posting profile.
B. post collection letters.
C. set up customer write-off reason codes
D. post an accounts payable invoice journal
E. create collection letters
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You need to identify techniques that are supported in Microsoft Dynamics 365 for Finance and Operations for ledger allocations. Which three allocations method should you identify? Each correct answer presents a complete solution. (Choose three.)
A. Fixed Value
B. Fixed Weight
C. Fixed Percentage
D. Intercompany
E. Spread Evenly
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Question
Your department manager wants an estimate of the actual invoice amounts that you will bill for customer the month. However, the department manager does not want these amounts posted. You need to create a pro forma invoice. From which two types of transactions can you create a pro forma invoice? Each correct answer presents a complete solution. (Choose two.)
A. Payment schedule
B. Free text
C. Sub ledger
D. Sales order
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Question
You are the accounts payable manager at your company. Per the agreement with your supplier, you need to create a payment schedule against an invoice of 10.000 USD to be paid at 2,000 USD each month until the balance is paid. Which three setup criteria can you define on the payment Schedule form? Each correct answer presents part of the solution. (Choose three.)
A. amount of each installment
B. due date of each installment
C. number of installments
D. terms of payment
E. payment days
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Question
You are the accounts payable manager at your company. Per the agreement with your supplier, you need to create a payment schedule against an invoice of 10.000 USD to be paid at 2,000 USD each month until the balance is paid. Which three setup criteria can you define on the payment Schedule form? Each correct answer presents part of the solution. (Choose three.)
A. amount of each installment
B. due date of each installment
C. number of installments
D. terms of payment
E. payment days
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Question
What is the purpose of the budget control feature in Microsoft Dynamics 365 for Finance and Operations?
A. to ensure that sufficient budget funds are available for planned or actual transactions
B. to consolidate multiple budget plans into a single parent budget
C. to set financial and operational goals
D. to analyze and update the planned budget for each budget cycle
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You are implementing Microsoft Dynamics 365 for Finance and Operations. You need to determine, which accounts for automatic transactions are needed for the legal entity?
A. Define reason codes for each transaction.
B. Define allocation rules for each transaction.
C. Create default types.
D. Determine the fiscal year periods.
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You are consultant who works for Contoso, Ltd. You are implementing Microsoft Dynamics 365 for Finance and Operations and have gathered requirements from the client for their budgeting process. You need to identify which requirements from Contoso, Ltd. should be configured as a budget planning stage. Which requirement should you identify?
A. The budget plan needs to use a workflow that routes for two approvals before the status can change to approved.
B. The budget plan needs to go through three steps for created, approved, and final.
C. The budget plan needs to include prior year actual and prior year budget quantities and amounts.
D. The budget plan needs to include two objectives; one for lower cost and another for increasing sales.
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You are creating a new budget register entry. You create a line to account 606800 for 10,000.00 USD on January 1st of the current year. You need to spread the amount, based on a sales curve over the entire year. What should you do?
A. Use the Allocate across dimension function on the line.
B. Create a recurring entry.
C. Create an allocation basis and rule.
D. Use the Allocate across periods function on the line.
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