Microsoft MB6-895 Exam Practice Questions (P. 3)
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Question #11
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.)
- ACreate ledger posting groups.
- BCreate two sales tax codes.
- CCreate ledger accounts.
- DCreate two settlement periods.
Correct Answer:
BD
References:
https://technet.microsoft.com/en-us/library/aa496600.aspx
BD
References:
https://technet.microsoft.com/en-us/library/aa496600.aspx
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Question #12
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.)
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.)
- APerform ledger accounting currency conversion.
- BDetermine which currencies will be transacted.
- CSpecify exchange rate types.
- DDetermine denomination currencies.
- EDefine exchange rates between currency pairs.
Correct Answer:
CDE
CDE
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Question #13
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 customers 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 customers need?
(Choose two.)
- AMultiple fiscal calendars can be defined for a single legal entity.
- BOnce a fiscal year is defined, months and quarters are auto–populated.
- CA fiscal year can be divided into either quarters or months.
- DA fiscal year can be set to any length of time.
Correct Answer:
BD
BD
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Question #14
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.)
Microsoft Dynamic 365 for Finance and Operations.
Which three configurations should you complete? Each correct answer presents part of the solution. (Choose three.)
- ASet up an organization hierarchy for centralized payments.
- BConfigure a vendor account in the relating companies for each customer.
- CSet up intercompany accounting
- DMap customer accounts across legal entities.
- ESet up fees associated with currency conversions.
Correct Answer:
ACD
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up- centralized-payments
ACD
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up- centralized-payments
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Question #15
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?
- Ainvoice journals
- BSettle transactions
- CGeneral ledger entries
- DPayment journal
Correct Answer:
B
B
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