Microsoft Dynamics 365 Finance Quiz Questions and Answers

Main account types can be__________.

Answer :
  • All of the above

Financial dimension sets cannot be used alone. Is it true or false?

Answer :
  • TRUE

Which of the following functionalities in finance helps companies cancel wrong deposits?

Answer :
  • Cash and bank management

Is finance integrated with supply chain management? Is it true or false?

Answer :
  • Yes

Is it possible to configure exchange rate providers and then import them to an exchange rate type?

Answer :
  • Yes

How can a fiscal calendar be copied from one legal entity to another?

Answer :
  • The fiscal calendar is shared master data, so there is no need to copy it. You only need to associate it with the Ledger page of the legal entity

You work for a company that receives invoices in foreign currencies. You need to configure the currency exchange rate providers and exchange rate types. What should you do?

Answer :
  • Configure exchange rate provider, create exchange rate type, and import the currency exchange rates.

The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead. You need to configure the system and correctly perform eliminations. Solution: Create a separate legal entity for consolidation and elimination. Does the solution meet the goal?

Answer :
  • Yes

The chart of accounts, the central collection location for daily financial transactions, is the base of the General ledger module?

Answer :
  • Yes

Which of the following journal types creates a file that can be sent to your organization's bank?

Answer :
  • Customer bank remittance