NEW QUESTION 1

You need to address the inventory costing requirements.
What are two possible ways to achieve the goal? Each answer represents a complete solution.
NOTE: Each correct selection is worth one point.

• A. Use FIFO with marking.
• B. Create purchase orders from sales orders.
• C. Set up commodity pricing.
• D. Create a costing version.
• E. Set up a costing sheet.

Answer: CE

NEW QUESTION 2

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A company has an agreement to pay royalties to a third party for use of their logo.
A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales. You need to create a royalty contract and create monthly Accounts payable to the third party.
Solution: Use the automatically calculated royalty amounts to approve and then create a monthly claim to pay the vendor.
Doss the solution meet the goal?

• A. Yes
• B. No

Answer: B

Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/royalty-contract

NEW QUESTION 3

You manage a Dynamics 365 for Finance and Operations system for a company. You need to configure agreements in the system.
Which agreement types should you use? To answer, drag the appropriate agreement types to the appropriate scenarios. Each agreement type may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 4

A company uses Dynamics 365 for Finance and Operations.
You just implement commission groups to match commission rates to products. You need to configure commission tracking.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 5

A company has several vendors who require 1099s.
You need to set up the vendors so that year-end reports can be correctly generated. What should you do? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 6

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You need to configure the system to support the inventory costing requirement. Which two actions should you perform? Each answer represents a complete solution. NOTE: Each correct selection is worth one point.

• A. one default item group for all items
• B. one item group each for perfume, ceramicware, and other goods
• C. one FIFO item model group and one Standard item model group
• D. one FIFO item group
• E. one financial dimension for each item group

Answer: BC

NEW QUESTION 7

SIMULATION
You are a functional consultant for a company named Contoso Entertainment System USA (USMF).
You perform a manual inventory count and discover that item number T0003 has an inventory count of 230 units.
You need to adjust the inventory to reflect the manual count. To complete this task, sign in to Dynamics 365 portal.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
There are several ways to update the inventory. You can use one of the inventory adjustment journals or you can use the quantity adjust functionality to adjust the Quantity of Inventory from the ‘On hand inventory’ form.
Navigate to Product Information management > Products > Released Product
In the Released Product form, select item number T0003.
On the Manage Inventory action tab, click the ‘On Hand inventory’ button.
On ‘On Hand inventory’ you can check available quantity.
Click the Quantity adjustment button to adjust the quantity.
In the Quantity field, specify the quantity 230.
Once the quantity has been specified click on OK button.
Now you can check adjusted quantity on ‘On Hand Inventory’ form.
Reference:
https://www.cloudfronts.com/quantity-adjustment-hand-inventory-d365-finance-operations/

NEW QUESTION 8

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A company plans to simplify interactions between purchasing department employees and vendors.
You need to ensure that employees are redirected to a vendor's online store to select items for inclusion on purchase requisitions.
SOLUTION: Create a retail product catalog.

• A. Yes
• B. No

Answer: B

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/set-up-external-catalog-for-punchout

NEW QUESTION 9

A company plans to use Dynamics 365 for Finance and Operations to automatically calculate and process royalties.
You need to configure the system.
Which actions should you perform? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 10

An inventory control clerk manages adjustments in inventory.
Some adjustments have a cost impact. Other adjustments must be posted to a specific ledger account or must be registered in inventory.
You need to configure the system.
Which journal types should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 11

You are the inventory manager at a large distribution company.
You notice item P0001 has been running out regularly and the on-hand count seems to differ from what is in Dynamics 365 for Finance and Operations. You want cycle count work to be automatically created when the quantity drops below 10 pieces, which is about once a week.
You need to appropriately configure warehouse management to generate cycle count work. What should you do?

• A. Create a cycle count plan for item P0001 to run when the quantity is below 10.
• B. Create a cycle count threshold that is percentage based that will generate work when inventory drops below 10% for item P0001.
• C. Create a cycle count threshold that is quantity based and specify 10 for the quantit
• D. Add P0001 as a selected item.
• E. Create a cycle count plan for item P0001. Generate a batch job that runs once a week.

Answer: C

Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/warehousing/cycle-counting

NEW QUESTION 12

You are the product manager at a distribution company. You are responsible for managing product compliance standards and reporting.
Chemical product, C0001 can be sold in all parts of the United States except for the state of California. You need to set up these compliance requirements for C0001.
Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 13

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement. Solution:
Create a trade agreement journal of type Price (purch.).
Add a line for item C0001 for the vendor.
Enter a unit price of $3,00 for a quantity up to 5,000 and enter an expiration date for next year. Does the solution meet the goal?

• A. Yes
• B. No

Answer: B

NEW QUESTION 14

During a company’s busy season, the sales team experiences multiple backorders. The company wants to use forecasting to determine seasonal buying trends.
You need to define the setup and data set required for forecasting.
Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 15

SIMULATION
You are a functional consultant for a company named Contoso Entertainment System USA (USMF). You need to regenerate a master plan named DynPlan for item number D0023.
To complete this task, sign in to Dynamics 365 portal.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
You specify the planning method in the Master planning run
dialog box. To open this dialog box, go to
Master planning > Master planning > Run > Master planning, or select Run
workspace.
in thMe
aster planning
Regeneration
The regeneration planning method deletes existing planned orders, unless they are firmed. It generates new planned orders, based on all the requirements. Regeneration is the only planning method that is available for static plans.
Changes in supply are considered. These changes include changes in the forecast.
This method respects the Period coverage code.
This method supports product substitution functionality (PI). Select DynPlan in the Master Plan field.
Select Regeneration in the Planning Method field.
Enter D0023 in the Item Number field.

NEW QUESTION 16
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