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Exam Financial Management in Microsoft Dynamics 365 for Finance and Operations
Number MB6-895
File Name Microsoft.Braindumps.MB6-895.2018-05-08.1e.28q.vcex
Size 281 Kb
Posted May 08, 2018
Downloaded 19

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Demo Questions

Question 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?

  • A: invoice journals
  • B: Settle transactions
  • C: General ledger entries
  • D: Payment journal

Question 2
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.)

  • A: Enter the company’s sales tax ID in the sales tax authority field.
  • B: Create a main account with posting type: “sales tax”
  • C: Assign vendors to the sales tax authorities.
  • D: Create vendor accounts for the taxing agencies.

Question 3
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 encumbrance? Each correct answer presents a complete solution. (Choose two.)

  • A: for month utility payments
  • B: to repair services
  • C: for emergency purchases
  • D: to make internal purchases

Question 4
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?

  • A: My work item
  • B: All tasks
  • C: Tasks due today
  • D: Tasks past due

Question 5
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 dimension function on the line.
  • B: Create a recurring entry.
  • C: Create an allocation basis and rule.
  • D: Use the Allocate across periods function on the line.

Question 6
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?

  • A: The budget plan needs to use a workflow that routes for two approvals before the status can change to approved.
  • B: The budget plan needs to go through three steps for created, approved, and final.
  • C: The budget plan needs to include prior year actual and prior year budget quantities and amounts.
  • D: The budget plan needs to include two objectives; one for lower cost and another for increasing sales.

Question 7
You are implementing Microsoft Dynamics 365 for Finance and Operations. 
You need to determine, which accounts for automatic transactions are needed for the legal entity?

  • A: Define reason codes for each transaction.
  • B: Define allocation rules for each transaction.
  • C: Create default types.
  • D: Determine the fiscal year periods.

Question 8
What is the purpose of the budget control feature in Microsoft Dynamics 365 for Finance and Operations?

  • A: to ensure that sufficient budget funds are available for planned or actual transactions
  • B: to consolidate multiple budget plans into a single parent budget
  • C: to set financial and operational goals
  • D: to analyze and update the planned budget for each budget cycle

Question 9
You are the accounts payable manager at your company. 
Per the agreement with your supplier, you need to create a payment schedule against an invoice of 10.000 USD to be paid at 2,000 USD each month until the balance is paid. 
Which three setup criteria can you define on the payment Schedule form? Each correct answer presents part of the solution. (Choose three.)

  • A: amount of each installment
  • B: due date of each installment
  • C: number of installments
  • D: terms of payment
  • E: payment days

Question 10
Your department manager wants an estimate of the actual invoice amounts that you will bill for customer the month. However, the department manager does not want these amounts posted.  
You need to create a pro forma invoice. 
From which two types of transactions can you create a pro forma invoice? Each correct answer presents a complete solution. (Choose two.)

  • A: Payment schedule
  • B: Free text
  • C: Sub ledger
  • D: Sales order



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