Financial Management in Microsoft Dynamics 365 for Finance and Operations v1.0 (MB6-895)

Your organization's foreign subsidiaries use Microsoft Dynamics 365 Finance and Operations in their local currencies as their functional currencies.
You need to perform the worldwide consolidation of these subsidiaries to report in US dollars.
In which form do you indicate the currency translation types to use for this purpose?

Your company has purchased new computer server equipment for the data center. The controller has asked you to set up fixed asset accounting and use the reducing balance depreciation method for the new equipment.
You must create depreciation profiles for this equipment.
When reducing balance is the selected method, which additional parameter is required that is unique to the selected method?

A company needs to make wire transfers for payments to a foreign customer. The controller also wants to keep track of the wire transfer fees for charge-back to the customer. The controller has set up all of the necessary accounts and facilities at the bank.
The bookkeeper needs to make preparations for these transactions.
What are two actions the bookkeeper should take to properly configure Microsoft Dynamics 365 for Finance and Operations? Each correct answer presents part of the solutions. (Choose two.)

You are setting up vendor groups.
You want to assign the same characteristics to vendors by simply selecting a group.
Which two characteristics can be assigned by vendor group? Each correct answer presents a complete solution. (Choose two.)

You want to divide your customers into five groups by alphabetical order so that account representatives can work on their accounts aging and you can review it with them on a regular basis.
What should you do?

An accountant needs to settle some invoices with foreign currency receipts.
Before performing this task, the accountant wants to import the current exchange rates.
What should the accountant complete before current exchange rates can be imported?

A controller has opened multiple accounts at an ABC bank. Additional accounts with the bank will be added in the future.
You want to ensure that the configuration of the bank accounts in Microsoft Dynamics 365 for Finance and Operations is as simple as possible.
What should you configure to enable the creation of bank accounts to share data?

The sales team at your company recently signed a contract with a customer in a new state. Since this is the first customer from that state, the controller has asked the bookkeeper to create a Ledger Posting Group for the state"™s sales tax.
The bookkeeper needs to create a main account to record the sales tax payable and sales tax settlements for the state"™s customer.
What should the bookkeeper do?

A matching discrepancy exceeds a tolerance percentage or amount. Match variance icons are displayed in the vendor invoice form.
What are the three types of matching that can be performed in this scenario? Each correct answer presents a complete solution. (Choose three.)

Your company has purchased 10 new trucks for $20,000 each for the service department. The controller has determined that the trucks will be sold after 10 years with a salvage value of about 10%. The county assessor lists 7 years as the useful life of these trucks. For purposes of financial statement reporting, the company will carry these on the books for 5 years. The controller wants these tracked with other vehicles in the VEH group.
You need information from the controller in order to set up accounting for these fixed assets.
What information will be entered into the books for these trucks?

Company policy states that when a sales order is entered, the credit limit needs to be checked against the outstanding balance owed plus any sales order that has not been shipped, delivered, or invoiced yet.
How should you configure Microsoft Dynamics 365 for Finance and Operations in this situation?

You need to set up a new Customer group for a new chain of electronic stores that will sell your product. You have been given some details about the group, and now you need to add the group.
Which two pieces of information are used in the Customer group? Each correct answer presents part of the solution. (Choose two.)

A vendor sends your company an invoice that is unrelated to any purchase orders in your system.
The basic details of the invoice need to be entered into the system so that the accounts payable manager can review, approve, and code the invoice to the correct main accounts.
What are two possible actions the accounts payable clerk and the accounts payable manager can take to achieve this goal? Each correct answer presents a complete solution.

You need to make adjustments to your ledger balances before year-end close.
Which methods can be used to accomplish this goal? (Choose two.)

You want to transfer main account balances and financial dimensions from a subsidiary to a consolidated company within Microsoft Dynamics 365 for Finance and
Operations using the Consolidate online process.
In which two places you set up the mapping for this purpose? Each correct answer presents part of the solution. (Choose two.)