QUESTION: 17

You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.

You need to configure the Microsoft Dynamics Finance system to spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.

Which of the following should you configure?

Cost allocation policy
Cost behavior
Cost elements
Cost distribution

Answer(s): D

Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting

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QUESTION: 18

You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.

You need to configure the Microsoft Dynamics Finance system to classify costs according to their behavior in relation to changes in key business activities.

Which of the following should you configure?

Cost classification
Cost behavior
Allocation base
Cost elements

Answer(s): B

Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting

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QUESTION: 19

You work as the Finance Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

You need to ensure that when creating sales orders, the sales tax is automatically calculated when an item is added to a sales order line.

Which two of the following fields must be populated in the sales order line to ensure the sales tax is calculated? (Choose two).

Item group
Customer sales tax group
Item sales tax group
Sales tax code

Answer(s): B,C

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QUESTION: 20

You work as the Finance Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

You are configuring the system to ensure that when creating sales orders, the sales tax is automatically calculated when an item is added to a sales order line.

When testing the configuration, you discover that the sales tax is not calculated for the sales order line. You need to verify the configuration.

Which of the following should you check?

Ensure that the sales tax code is associated with both the sales tax group and the item sales tax group.
Ensure that the sales tax code is associated with the sales tax group but not the item sales tax group.
Ensure that the sales tax code is associated with the item sales tax group but not the sales tax group.
Ensure that the sales tax code is not associated with either the sales tax group or the item sales tax group.

Answer(s): A

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QUESTION: 20