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 client wants general journals to be used only to post ledger-type transactions.You need to set up journal configuration to achieve the requirement.Solution: Set up the journal control to specify the account structure and ledger segment.Does the solution meet the goal?
Answer(s): B
Instead Solution: Set up the journal control to specify the account structure and ledger segment.A journal name can be used only for adjustments. In this case, you can specify that only the Ledger account type is valid across all companies.
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing
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 client wants general journals to be used only to post ledger-type transactions.You need to set up journal configuration to achieve the requirement.Solution: Set up the journal control on the general journal to the account type of ledger.Does the solution meet the goal?
Answer(s): A
A journal name can be used only for adjustments. In this case, you can specify that only the Ledger account type is valid across all companies.
HOTSPOT (Drag and Drop is not supported)A company is implementing Dynamics 365 Finance.The company must be able to record sales orders in the following currencies: USD, EUR, and GBP.Company A uses USD as the accounting and reporting currency.Company B uses GBP as the accounting and reporting currency.Each company is consolidated into Company CON that uses EUR as the accounting and reporting currency.Assets and liabilities are revalued at the current exchange rate.You need to configure the system to meet the requirements.Which option should you use? To answer, select the appropriate options in the answer area.Note: Each correct selection is worth one point.Hot Area:
Box 1: An imported exchange rate for EUR to USD dated yesterday. If a legal entity has received invoices in foreign currencies, the foreign currency must be converted into the local currency. This means that up-to-date exchange rates for different currencies are required. Before you can import exchange rates, you must set up the information that is required by the providers who offer the exchange rates. Use the Configure exchange rate providers page to select the exchange rate providers.Import as of - This parameter manages whether to import as of the current date or for a specific date range. If you want to use a date range, enter or select the start and end dates.Box 2: Set the Use for financial elimination process to Yes for both legal entities Company A and Company B The setup for eliminations is found in the Setup area of the Consolidations module. After you enter a description for the rule, you must pick the company that the elimination journal will post to. This should be a company that has Use for financial elimination process selected in the Legal entity setup.Note: Elimination rules can be set up in the system, and then processed during the consolidation process or through an elimination proposal. The rules can be posted to any company that has Use for financial elimination process selected in the legal entity setup.
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/import-currency-exchange- rates https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/consolidation-elimination-overview
You use Dynamics 365 Finance for daily bank reconciliation.You must use the BAI2 bank statement format.You need to configure the import bank statement format for the bank reconciliation process.What should you do?
Answer(s): C
Set up advanced bank reconciliation import by using Electronic reporting Set up the Electronic reporting configuration1. Go to Workspaces > Electronic reporting.2. On the tile for the Microsoft configuration provider, select Repositories.3. Select Global, and then select Open.4. If a connection to the repository must be established, select the blue link in the dialog box.5. In the configuration list, find Bank statement model > Bank statement model of BAI2.6. Select the BAI2 format.7. On the Versions FastTab, select the latest version, and then select Import.Set up the bank statement format1. Go to Cash and bank management > Setup > Advanced bank reconciliation setup > Bank statement format.2. Select New.3. Set the Statement format and Name fields.4. Select the Generic electronic import format checkbox.5. Set the Import format configuration field to the BAI2 format.Set up the bank account1. Go to Cash and bank management > Bank accounts > Bank accounts.2. Open the bank account.3. On the Reconciliation FastTab, set the Advanced bank reconciliation option to Yes.4. Set the Statement format field to the BAI2 format that was created earlier.Import the bank statement1. Go to Cash and bank management > Bank statement reconciliation > Bank statements.2. At the top of the Bank statements page, select Import statement.3. Set the Bank account field to the bank account in the statement.4. Set the Statement format field to the BAI2 format that was created earlier.5. Select Browse, and select the BAI file.6. Select Upload.7. Select OK to import the selected file.
https://learn.microsoft.com/en-us/dynamics365/finance/accounts-payable/import-bai2-er
You are implementing Dynamics 365 Finance.Subledger entries must transfer automatically to the general ledger.You need to configure a batch transfer rule.Which two options should you select? Each correct answer presents a complete solution.Note: Each correct selection is worth one point
Answer(s): A,B
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