Financial Management in Microsoft Dynamics 365 for Finance and Operations v1.0

You need to configure an allocation on account 606785 for the Utilities expense. The amount must be spread across a variety of departments based on percentage.
What should you do?

You are creating an 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?

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?

You need to export balances from Microsoft Dynamics 365 for Finance and Operations to an external system. There is a "Use Consolidation Account" Yes/No parameter in the criteria.
In which two circumstances should you choose "Yes" for this parameter? Each correct answer presents a complete solution. (Choose two).

You need ensure that you have the most current data to manage customer collections.
What should you create first?

You are implementing the budget control feature for Contoso, LTD. You need to configure the system based on the requirements you have gathered.
Which three settings can be defined for the Budget control configuration feature? Each correct answer presents a complete solution. (Choose three.)

You create and post a payment journal with a method of payment that is configured with bridging account. The bank notifies you that the payment has cleared the account.
What should you do next?

You use the financial period close workspace.
You need to view the status of your overall closing schedule.
When viewing the status, which three ways are you able to sort? Each correct answer presents a complete solution. (Choose three.)

You create a new budget register entry. You later realize that the date for the lines is set to today"™s date.
You need to quickly correct the dates to be the first day of the current month.
What should you do?

Your company will be paying out annual bonuses next month. The controller has asked you to set up a special check layout for these bonus checks. The company normally does not use pre-printed checks. These checks will be pre-printed with a special design, using the company"™s corporate headquarters address.
You need to define the special check layout in Microsoft Dynamics 365 for Finance and Operations.
In addition to the standard settings required for all checks, which special parameters will be needed for these special layout checks?

You have created a new legal entity and marked it as a Consolidation company.
You need to complete the configuration to perform a consolidation into the new legal entity for two existing subsidiary companies.
Before you can perform a consolidation, which two other actions are required? Each correct answer presents part of solution. (Choose two.)

While you are printing checks, one of the checks gets jammed in the printer and must be reprinted.
You need to cancel the damaged check.
Which feature should you use for cancelations?

You are responsible for budget and are currently creating a budget.
You need to identify the steps that the budget plan will contain.
Which budget planning feature should you use to identify the steps?

Which two elements are required before you can create a budget plan in Microsoft Dynamic 365 for Finance and Operations? Each correct answer presents part of the solution. (Choose two.)