You are the purchase manager of an organization. You purchase a laptop for your office for $2,000. You plan to create a purchase order and acquire the new fixed asset through the purchase order at time of invoicing.
You set up the system as follows: Fixed assets are automatically created during product receipt or vendor invoice posting and the capitalization threshold for the computers group (COMP) is set to $1,600.
You need to automatically create a fixed asset record when you post an acquisition transaction for the asset after you post the invoice.
How should you configure the fixed asset parameters to meet the criteria? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.
A company manufactures and installs air filtering units for industrial manufacturing plants.
Revenue for the units is recognized based on a median price when the unit is installed. A three-yea' warranty is sold with each unit. Revenue for the warranty is recognized equally in each year the warranty covers.
You need to configure and process revenue recognition.
Which parameter should you configure? To answer, select the appropriate options in the answer area.
NOTE; Each correct selection is worth one point.
Hotspot Question
A company implements basic budgeting functionality in Dynamics 365 Finance.
The company wants to achieve the following:
- Distribute budget amounts across financial dimensions.
- Require an approval workflow for budget transfers to the sales
department.
- Approve a specific set of budget entries.
You need to configure the required basic budgeting functionality.
Which functionalities should you configure?
To answer, select the appropriate options in the answer area.
NOTE: Each correct answer is worth one point.
You need to configure the expense module for reimbursement.
How should you configure the expense module? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
You use Dynamics 365 Finance. Your company offers cash discounts. The discounts are offered sequentially to specific customers. Customers must pay their invoices within a specified time period. The cash discounts are as follows:
* 5D10% - Cash discount of 10 percent when the amount is paid within 5 days.
* 10D5% - Cash discount of 5 percent when the amount is paid within 10 days.
* 14D2% - Cash discount of 2 percent when the amount is paid within 14 days.
Cash discounts can only be given if the payments are made within 10 days. You need to configure cash discounts. What should you do?
