Microsoft MB6-895 - Financial Management in Microsoft Dynamics 365 for Finance and Operations Exam
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Total 71 questions
Question #11 (Topic: Topic 1)
You need to set up conditional sales tax on a transaction.
Which two steps are always required, regardless of the country the sales tax is being processed in? Each correct answer presents part of the solution. (Choose
two.)
Which two steps are always required, regardless of the country the sales tax is being processed in? Each correct answer presents part of the solution. (Choose
two.)
A. Create ledger posting groups.
B. Create two sales tax codes.
C. Create ledger accounts.
D. Create two settlement periods.
Answer: BD
Question #12 (Topic: Topic 1)
You are consulting with a customer who is implementing Microsoft Dynamics 365 for Finance and Operations for the first time. This customer has income sources
in foreign countries and, therefore, will need to perform currency revaluation.
To complete currency setup, which three tasks should be completed before designating main accounts that will be used during the currency revaluation process?
Each correct answer presents part of the solution. (Choose three.)
in foreign countries and, therefore, will need to perform currency revaluation.
To complete currency setup, which three tasks should be completed before designating main accounts that will be used during the currency revaluation process?
Each correct answer presents part of the solution. (Choose three.)
A. Perform ledger accounting currency conversion.
B. Determine which currencies will be transacted.
C. Specify exchange rate types.
D. Determine denomination currencies.
E. Define exchange rates between currency pairs.
Answer: CDE
Question #13 (Topic: Topic 1)
You are assisting a customer with the initial setup of Microsoft Dynamics 365 for finance and Operation.
You need to start the Fiscal Calendar setup process.
Which capability of Microsoft Dynamics 365 for Finance and Operations will meet this customer’s need? (Choose two.)
You need to start the Fiscal Calendar setup process.
Which capability of Microsoft Dynamics 365 for Finance and Operations will meet this customer’s need? (Choose two.)
A. Multiple fiscal calendars can be defined for a single legal entity.
B. Once a fiscal year is defined, months and quarters are autoâ€"populated.
C. A fiscal year can be divided into either quarters or months.
D. A fiscal year can be set to any length of time.
Answer: BD
Question #14 (Topic: Topic 1)
You want to set up centralized payments for all customers in all legal entities. You need to enable this in Microsoft Dynamic 365 for Finance and Operations.
Which three configurations should you complete? Each correct answer presents part of the solution. (Choose three.)
Which three configurations should you complete? Each correct answer presents part of the solution. (Choose three.)
A. Set up an organization hierarchy for centralized payments.
B. Configure a vendor account in the relating companies for each customer.
C. Set up intercompany accounting
D. Map customer accounts across legal entities.
E. Set up fees associated with currency conversions.
Answer: ACD
Question #15 (Topic: Topic 1)
Over the past few weeks, several payments have posted to Contoso, Ltd. that were not open invoice.
You are tasked with reconciling their account.
Which process in Microsoft Dynamics 365 for Finance and Operations should you use?
You are tasked with reconciling their account.
Which process in Microsoft Dynamics 365 for Finance and Operations should you use?
A. invoice journals
B. Settle transactions
C. General ledger entries
D. Payment journal
Answer: B
