Microsoft Financial Management in Microsoft Dynamics 365 for Finance and Operations - MB6-895 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Your company just purchased some highly advanced machines to be used in the manufacturing plant.
Collectively, the equipment cost $5 million with a useful life of 10 years. At that time, they will be sold with an approximate salvage of $100,000.
You must set up the depreciation profile for this equipment in Microsoft Dynamics 365 for Finance and Operations.
Which two books should you create in this depreciation profile? Each correct answer presents part of the solution. (Choose two.)

A. one for the manufacturing plant in the fixed assets layer B. one for each machine in the operations layer C. one for the new equipment in the tax layer D. one for the new equipment in the current layer

Discussion 0

Correct Answer: B,D Vote an answer

Question 2

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.)

A. in Financial hierarchies and Group dimensions form B. in the Consolidate online form C. in the Elimination journal D. in the Financial dimensions form in the General Ledger

Discussion 0

Correct Answer: A,D Vote an answer

Question 3

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

A. Use a closing sheet and a trial balance B. Use typical journal entries and a closing sheet C. Use a trial balance and a typical journal entry D. Use a costing sheet and a typical journal entry

Discussion 0

Correct Answer: A,B Vote an answer

Question 4

You are configuring Microsoft Dynamics 365 for Finance and Operations. You need to allow finance users to acquire assets by creating Fixed assets journals.
Which configuration should you complete to enable this functionality?

A. In the General ledger module, create a journal name with the type Post fixed assets. B. In the General ledger module, create a journal name with the type Fixed asset budgets. C. In the Fixed assets module, create an Acquisition method for Fixed asset journals. D. In the General ledger modules, create a Default description with the type Fixed assets - posting, ledger.

Discussion 0

Correct Answer: C Vote an answer

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Question 5

You are exception of the Business Unit dimension; you do not want to roll any financial dimensions forward to the Retained Earnings main account for the new year.
What should you do in the Fiscal Year-End Close form to achieve this goal?

A. Under "Transfer profit and loss dimensions, "set all dimensions to "Close all" except the Business Unit dimension. B. Set "Transfer balance sheet dimensions "to "No" C. Under "Transfer profit and loss dimensions, "set all dimensions to "Close single" except the Business Unit dimension. D. Under "Transfer profit and loss dimensions, "set all dimensions to "Close none".

Discussion 0

Correct Answer: C Vote an answer

Question 6

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 periods function on the line. B. Create a recurring entry. C. Use the Allocate across dimension function on the line. D. Create an allocation basis and rule.

Discussion 0

Correct Answer: A Vote an answer

Question 7

You are configuring your year-end close process.
One of the periods in your fiscal year is currency capable of recording accounting transactions.
Which period type is assigned to the period?

A. Closing B. Opening C. On hold D. Operating

Discussion 0

Correct Answer: D Vote an answer

Question 8

You want to reserve budget funds for planned expenditures. The funds have been requested but not yet approved from a purchase order.
You need to set up a budget code for these types of scenarios.
Which budget type should you assign to the budget code to accomplish this goal?

A. encumbrance B. pre-encumbrance C. original budget D. transfer

Discussion 0

Correct Answer: B Vote an answer

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