Microsoft MB6-895 - Financial Management in Microsoft Dynamics 365 for Finance and Operations Exam
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Total 71 questions
Question #1 (Topic: Topic 1)
The controller of your company has received notice from the taxing agency of another state that the sales tax rate on the company’s products sold in that state will
increase by 0.5% starting on January 1st and continuing in perpetuity.
You must make all changes necessary in Microsoft Dynamics 365 for Finance and Operations to make these changes take effect on January 1st.
Which object in Microsoft Dynamics 365 for Finance and Operations should be modified to make this change?
increase by 0.5% starting on January 1st and continuing in perpetuity.
You must make all changes necessary in Microsoft Dynamics 365 for Finance and Operations to make these changes take effect on January 1st.
Which object in Microsoft Dynamics 365 for Finance and Operations should be modified to make this change?
A. Sales tax code
B. Ledger posting group
C. Sales tax authority
D. Settlement period
Answer: A
Question #2 (Topic: Topic 1)
A vendor contacts you about an unpaid invoice. You verify that the check was printed and mailed one month ago. Because the check has not been received by the
vendor, you need to reissue a check to the vendor.
Which action should you perform?
vendor, you need to reissue a check to the vendor.
Which action should you perform?
A. Reverse the payment from the Vendor transaction report from, and then reissue the payment.
B. Void the check from the original payment journal, and then reissue the payment.
C. Create a reversing entry by using the General journal form, and then reissue the payment.
D. Process a payment reversal from the Checks form, and then reissue the payment.
Answer: D
Question #3 (Topic: Topic 1)
Your company has acquired customers in a new state. The company must collect sales tax on the product sales to those customers.
As bookkeeper, you need to configure Microsoft Dynamics 365 for Finance and Operations to report collected sales tax to the new customers’ state authorities.
Which configuration controls the payment of sales tax to the new state?
As bookkeeper, you need to configure Microsoft Dynamics 365 for Finance and Operations to report collected sales tax to the new customers’ state authorities.
Which configuration controls the payment of sales tax to the new state?
A. main accounts
B. customer account
C. sales tax group
D. sales tax authority
Answer: C
Question #4 (Topic: Topic 1)
You are reviewing and processing transactions in the General ledger module.
What are three account types that you can choose in a General ledger journal? Each correct answer presents a complete solution. (Choose three.)
What are three account types that you can choose in a General ledger journal? Each correct answer presents a complete solution. (Choose three.)
A. Project
B. Item
C. Inventory
D. Vendor
E. Customer
Answer: ADE
Question #5 (Topic: Topic 1)
You are the fixed asset manager at Contoso, Ltd. You have recently inventoried the company’s laptops, identified several laptops that have reached end of life,
and decided to sell the laptops.
You need to generate a document and record the sale of each asset.
What should you create?
and decided to sell the laptops.
You need to generate a document and record the sale of each asset.
What should you create?
A. a fixed asset journal
B. a sales order
C. a return purchase order
D. a free text invoice
Answer: A
