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Home Microsoft MB6-895

Microsoft MB6-895 Exam Practice Questions (P. 4)

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Question #16
The accounting manager for your company has been manually processing payments to sales tax authorities for the past several years. You recently learned that Microsoft Dynamics 365 for Finance and Operations can automate much of those tasks.
You need to configure Microsoft Dynamics 365 Finance and Operations to calculate and make periodic payments to tax authorities automatically.
Which two tasks should be completed to make this configuration? Each correct answer presents part of the solution. (Choose two.)
  1. A
    Enter the company’s sales tax ID in the sales tax authority field.
  2. B
    Create a main account with posting type: "sales tax"
  3. C
    Assign vendors to the sales tax authorities.
  4. D
    Create vendor accounts for the taxing agencies.

Correct Answer:
CD
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/tasks/set-up-sales- tax-authorities

Question #17
Your company has enabled commitment accounting.
You need to identify which purchasing scenarios in your company should use the commitment accounting feature.
In which two situations should you use encumbrances? Each correct answer presents a complete solution.
(Choose two.)
  1. A
    for internal purchases
  2. B
    for monthly utility payments
  3. C
    for emergency purchases
  4. D
    for purchases made in cash

Correct Answer:
AB

Question #18
You are working in the financial period close workspace.
You want to view the status of tasks that are scheduled to occur next week.
Which filtering option allows you to view these tasks?
  1. A
    My work item
  2. B
    All tasks
  3. C
    Tasks due today
  4. D
    Tasks past due

Correct Answer:
B

Question #19
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?
  1. A
    Use the Allocate across dimension function on the line.
  2. B
    Create a recurring entry.
  3. C
    Create an allocation basis and rule.
  4. D
    Use the Allocate across periods function on the line.

Correct Answer:
D

Question #20
You are consultant who works for Contoso, Ltd. You are implementing Microsoft Dynamics 365 for Finance and Operations and have gathered requirements from the client for their budgeting process.
You need to identify which requirements from Contoso, Ltd. should be configured as a budget planning stage.
Which requirement should you identify?
  1. A
    The budget plan needs to use a workflow that routes for two approvals before the status can change to approved.
  2. B
    The budget plan needs to go through three steps for created, approved, and final.
  3. C
    The budget plan needs to include prior year actual and prior year budget quantities and amounts.
  4. D
    The budget plan needs to include two objectives; one for lower cost and another for increasing sales.

Correct Answer:
B
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning- overview-configuration

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