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About the test:

The Microsoft Dynamics 365 Finance Functional Consultant Online Test uses scenario-based multiple-choice questions to evaluate candidates on their proficiency in various financial management functions using the Dynamics 365 platform. The test assesses candidates' knowledge of topics such as general ledger, accounts payable, accounts receivable, cash and bank management, budgeting, and financial reporting. It also evaluates their ability to design and implement finance solutions using the Dynamics 365 platform.


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9 reasons why
9 reasons why

Adaface Microsoft Dynamics 365 Finance Functional Consultant Assessment Test is the most accurate way to shortlist Microsoft Dynamics 365 Finance Consultants



Reason #1

Tests for on-the-job skills

The Microsoft Dynamics 365 Finance Functional Consultant Test helps recruiters and hiring managers identify qualified candidates from a pool of resumes, and helps in taking objective hiring decisions. It reduces the administrative overhead of interviewing too many candidates and saves time by filtering out unqualified candidates at the first step of the hiring process.

The test screens for the following skills that hiring managers look for in candidates:

  • Expertise in implementing Microsoft Dynamics 365 Finance solutions
  • Ability to design and configure financial management features
  • Proficiency in setting up and managing general ledger accounts
  • Understanding of financial reports and analytics in Microsoft Dynamics 365 Finance
  • Knowledge of cash and bank management processes
  • Capability to handle vendor and customer transactions
  • Familiarity with fixed assets management
  • Experience in managing procurement and sourcing activities
  • Understanding of budgeting and planning in Microsoft Dynamics 365 Finance
  • Knowledge of sales and cash flow forecasting
  • Ability to configure and customize financial workflows
  • Proficiency in configuring security and controls in Finance module
  • Capability to perform data migration and integration tasks
  • Understanding of project cost management in Microsoft Dynamics 365 Finance
  • Knowledge of intercompany accounting and consolidation processes
Reason #2

No trick questions

no trick questions

Traditional assessment tools use trick questions and puzzles for the screening, which creates a lot of frustration among candidates about having to go through irrelevant screening assessments.

View sample questions

The main reason we started Adaface is that traditional pre-employment assessment platforms are not a fair way for companies to evaluate candidates. At Adaface, our mission is to help companies find great candidates by assessing on-the-job skills required for a role.

Why we started Adaface
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Reason #3

Non-googleable questions

We have a very high focus on the quality of questions that test for on-the-job skills. Every question is non-googleable and we have a very high bar for the level of subject matter experts we onboard to create these questions. We have crawlers to check if any of the questions are leaked online. If/ when a question gets leaked, we get an alert. We change the question for you & let you know.

How we design questions

These are just a small sample from our library of 10,000+ questions. The actual questions on this Microsoft Dynamics 365 Finance Functional Consultant Test will be non-googleable.

🧐 Question

Medium

Exchange Rate Fluctuations
Invoice Management
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Your organization, headquartered in the US, frequently engages in intercompany transactions with a subsidiary in Europe. At the beginning of the month, a purchase order of €500,000 was made from the subsidiary. The initial exchange rate was 1 EUR = 1.20 USD. However, by the time of invoice payment, the exchange rate had changed to 1 EUR = 1.15 USD.

Considering your organization's payment term is Net 30 days with a 2% early payment discount if paid within 15 days and the payment was made on the 12th day, calculate the USD amount saved due to both early payment and the change in exchange rate.

Medium

Finance Integration
Data Entities
Security Roles
Ledger Setup
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You are a Dynamics 365 Finance consultant at a large multinational corporation. The company is implementing a new subsidiary and has the following requirements:

1. They need to import legacy data from the subsidiary's previous ERP system.
2. The CFO of the new subsidiary needs to have access to high-level financial reports but should not have access to employee-specific salary details.
3. The subsidiary operates in a country with a specific requirement to maintain dual ledgers: one standard and one adjusted, with periodic reconciliations.

Given these requirements:

Which of the following steps and configurations in Dynamics 365 Finance would BEST meet the company's needs?
A: Use Data Management workspace for data import, assign the CFO the "Chief Financial Officer" security role, and set up an additional ledger with Ledger Setup.
B: Import data using Excel Add-in, assign the CFO a custom role with restricted HR access, and utilize dual-currency features in Ledger Setup.
C: Use the Data Management workspace with relevant data entities for import, provide the CFO with the "Financial Reporter" role and limit HR data access, and set up a secondary ledger in Ledger Setup for the adjusted ledger.
D: Use RapidStart services for data import, provide the CFO with only "General Ledger Manager" access, and set up the subsidiary as a separate legal entity.
E: Directly use SQL Server Integration Services for data import, assign all financial roles to the CFO, and maintain dual ledgers manually through journal entries.

Medium

Finance Ledger Integration
Ledger Management
Financial Reporting
Data Entities
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You are a Dynamics 365 Finance Functional Consultant tasked with integrating an external system's financial data into Dynamics 365 Finance. The external system provides data in a comma-separated values (CSV) format. You need to ensure that the data from the external system can be integrated into the General Ledger in Dynamics 365 Finance, and then used for financial reporting. Which sequence of actions should you perform to accomplish this task?

A: Create a new data entity for the CSV format, import the data into the General Ledger, then generate financial reports.

B: Directly import the CSV into the General Ledger, then generate financial reports.

C: Convert the CSV format into a data package, import the data into the General Ledger through the Data Management framework, then generate financial reports.

D: Import the CSV into the General Ledger, map the data fields using the Data Management framework, then generate financial reports.

E: Use the Financial Reporting framework to import the CSV, then generate financial reports directly.
A: Create a new data entity for the CSV format, import the data into the General Ledger, then generate financial reports.
B: undefined
C: Directly import the CSV into the General Ledger, then generate financial reports.
D: undefined
E: Convert the CSV format into a data package, import the data into the General Ledger through the Data Management framework, then generate financial reports.
F: undefined
G: Import the CSV into the General Ledger, map the data fields using the Data Management framework, then generate financial reports.
H: undefined
I: Use the Financial Reporting framework to import the CSV, then generate financial reports directly.

Medium

Intercompany Transactions
Intercompany Setup
Ledger Posting
Data Sharing
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You are a Dynamics 365 Finance Functional Consultant working with a conglomerate that has multiple subsidiary companies. These companies frequently engage in intercompany transactions, purchasing goods and services from each other. The CFO has expressed concerns over the current manual process of recording these transactions and has approached you for a solution.

The conglomerate has the following requirements:

1. When Company A sells a product to Company B, the transaction should automatically generate a sales invoice in Company A and a purchase order in Company B.
2. For taxation purposes, each subsidiary company must maintain its ledger. However, the parent company should be able to view consolidated financial statements.
3. Data related to product details, customer, and vendor information should be shared across all companies to avoid redundancy and ensure consistency.

Given these requirements, how should you configure Dynamics 365 Finance to meet the conglomerate's needs?
A: Enable intercompany accounting and manually create corresponding purchase orders and invoices for intercompany transactions. Set up individual ledgers for each company and use the financial consolidation tool for consolidated reports. Use data entities to export and import shared data across companies.
B: Set up intercompany trading relationships to automate the creation of corresponding transactions. Assign individual ledger accounts to each subsidiary while maintaining a master ledger at the parent company. Use cross-company data sharing for shared information.
C: Use a single ledger for all companies to simplify the consolidation process. Manually adjust the ledger for intercompany transactions. Rely on data duplication across companies for shared information to ensure data integrity.
D: Implement third-party software specifically designed for intercompany transactions. Integrate this software with Dynamics 365 Finance. Use separate databases for each company and develop custom scripts for data synchronization.
E: Activate intercompany process automation in Dynamics 365 Finance. Create separate legal entities for each company, defining their individual ledgers. Use the Common Data Service (CDS) platform to ensure consistent data across all entities.

Medium

Power Platform Integration
Data Entities
Power Apps Customization
Embedded Analytics
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As a senior Dynamics 365 Finance consultant, you're tasked with leveraging the capabilities of the Microsoft Power Platform to enhance data analysis, streamline operations, and improve user experience for a leading retail client. The client's specific requirements are:

1. Real-time sales analytics from Dynamics 365 Finance embedded directly into their team's daily operations dashboard.
2. An automated workflow to alert the procurement team whenever inventory levels for high-demand products drop below a certain threshold.
3. A customized Power App that allows sales representatives to access and update customer information on-the-go, integrated with Dynamics 365 Finance.

Considering these demands, which combination of solutions would be BEST suited to meet the client's expectations?
A: Implement Power BI Embedded for real-time analytics, use Data Entities for inventory monitoring, and build a Canvas app with Dynamics 365 Finance data connectors.
B: Directly integrate Dynamics 365 Finance with Power BI service for analytics, utilize Power Automate for inventory alerts, and develop a Model-driven Power App connected to Dynamics 365 Finance.
C: Embed Power BI reports using iframe into the dashboard, set up Azure Logic Apps for inventory alerts, and customize a Portal app for sales representatives.
D: Use Power BI paginated reports for embedding analytics, deploy Power Virtual Agents to notify procurement, and leverage Common Data Service to build the Power App for sales.
E: Utilize Dynamics 365 Finance's native reporting for analytics, set up standard Dynamics 365 notifications for inventory, and integrate a third-party mobile app solution for sales representatives.
🧐 Question🔧 Skill

Medium

Exchange Rate Fluctuations
Invoice Management

3 mins

Dynamics 365 Finance
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Medium

Finance Integration
Data Entities
Security Roles
Ledger Setup

3 mins

Dynamics 365 Finance
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Medium

Finance Ledger Integration
Ledger Management
Financial Reporting
Data Entities

2 mins

Dynamics 365 Finance
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Medium

Intercompany Transactions
Intercompany Setup
Ledger Posting
Data Sharing

2 mins

Dynamics 365 Finance
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Medium

Power Platform Integration
Data Entities
Power Apps Customization
Embedded Analytics

3 mins

Dynamics 365 Finance
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🧐 Question🔧 Skill💪 Difficulty⌛ Time
Exchange Rate Fluctuations
Invoice Management
Dynamics 365 Finance
Medium3 mins
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Finance Integration
Data Entities
Security Roles
Ledger Setup
Dynamics 365 Finance
Medium3 mins
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Finance Ledger Integration
Ledger Management
Financial Reporting
Data Entities
Dynamics 365 Finance
Medium2 mins
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Intercompany Transactions
Intercompany Setup
Ledger Posting
Data Sharing
Dynamics 365 Finance
Medium2 mins
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Power Platform Integration
Data Entities
Power Apps Customization
Embedded Analytics
Dynamics 365 Finance
Medium3 mins
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Reason #4

1200+ customers in 75 countries

customers in 75 countries
Brandon

With Adaface, we were able to optimise our initial screening process by upwards of 75%, freeing up precious time for both hiring managers and our talent acquisition team alike!


Brandon Lee, Head of People, Love, Bonito

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Reason #5

Designed for elimination, not selection

The most important thing while implementing the pre-employment Microsoft Dynamics 365 Finance Functional Consultant Test in your hiring process is that it is an elimination tool, not a selection tool. In other words: you want to use the test to eliminate the candidates who do poorly on the test, not to select the candidates who come out at the top. While they are super valuable, pre-employment tests do not paint the entire picture of a candidate’s abilities, knowledge, and motivations. Multiple easy questions are more predictive of a candidate's ability than fewer hard questions. Harder questions are often "trick" based questions, which do not provide any meaningful signal about the candidate's skillset.

Science behind Adaface tests
Reason #6

1 click candidate invites

Email invites: You can send candidates an email invite to the Microsoft Dynamics 365 Finance Functional Consultant Test from your dashboard by entering their email address.

Public link: You can create a public link for each test that you can share with candidates.

API or integrations: You can invite candidates directly from your ATS by using our pre-built integrations with popular ATS systems or building a custom integration with your in-house ATS.

invite candidates
Reason #7

Detailed scorecards & benchmarks

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Reason #8

High completion rate

Adaface tests are conversational, low-stress, and take just 25-40 mins to complete.

This is why Adaface has the highest test-completion rate (86%), which is more than 2x better than traditional assessments.

test completion rate
Reason #9

Advanced Proctoring


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About the Microsoft Dynamics 365 Finance Functional Consultant Online Test

Why you should use Pre-employment Microsoft Dynamics 365 Finance Functional Consultant Test?

The Microsoft Dynamics 365 Finance Functional Consultant Test makes use of scenario-based questions to test for on-the-job skills as opposed to theoretical knowledge, ensuring that candidates who do well on this screening test have the relavant skills. The questions are designed to covered following on-the-job aspects:

  • Configuring and customizing Dynamics 365 Finance modules
  • Implementing and managing financial processes and controls
  • Creating and maintaining financial master data
  • Configuring and using financial workflows
  • Integrating Dynamics 365 Finance with other systems
  • Designing and implementing security roles and permissions
  • Creating and managing financial reports and statements
  • Performing data migration and data management tasks
  • Troubleshooting and resolving functional issues
  • Optimizing performance and scalability of Dynamics 365 Finance

Once the test is sent to a candidate, the candidate receives a link in email to take the test. For each candidate, you will receive a detailed report with skills breakdown and benchmarks to shortlist the top candidates from your pool.

What topics are covered in the Microsoft Dynamics 365 Finance Functional Consultant Test?

  • Microsoft Dynamics 365 Finance Functional Consultant Test

    Microsoft Dynamics 365 Finance is a cloud-based software application that enables organizations to manage financial operations effectively. This skill assesses a candidate's knowledge and understanding of the functionalities and features specific to this platform, ensuring they can leverage the system for financial management purposes.

  • Financial Management

    Financial management is the practice of effectively managing an organization's financial resources, including budgeting, forecasting, cash management, and financial reporting. Measuring this skill in the test ensures that candidates have a solid understanding of financial principles and can apply them within the context of Microsoft Dynamics 365 Finance.

  • Functional Consulting

    Functional consulting involves providing expert guidance and support to clients in determining the best ways to utilize software solutions to meet their business needs. This skill is measured in the test to assess a candidate's ability to analyze client requirements, configure the Dynamics 365 Finance application, and provide effective recommendations for solving business problems.

  • Full list of covered topics

    The actual topics of the questions in the final test will depend on your job description and requirements. However, here's a list of topics you can expect the questions for Microsoft Dynamics 365 Finance Functional Consultant Test to be based on.

    General Ledger
    Financial Reports
    Cash Management
    Vendor Transactions
    Customer Transactions
    Fixed Assets
    Procurement and Sourcing
    Budgeting and Planning
    Sales Forecasting
    Financial Workflows
    Security and Controls
    Data Migration
    Integration
    Project Cost Management
    Intercompany Accounting
    Chart of Accounts
    Journal Entries
    Financial Statements
    Bank Reconciliation
    Invoice Processing
    Asset Depreciation
    Purchase Orders
    Vendor Management
    Customer Management
    Cash Flow Analysis
    Budget Allocation
    Invoice Approval
    Access Controls
    Data Import
    Web Services Integration
    Project Budgeting
    Consolidation Rules
    Cost Allocation
    Tax and Legal Requirements
    Expense Management
    Payment Processing
    Receivables Management
    Financial Forecasting
    Workflow Configuration
    Security Roles
    Master Data Migration
    Application Integration
    Project Cost Tracking
    Intercompany Eliminations
    Account Reconciliation
    Financial Controls
    Transaction Mapping
    Purchase Requisitions
    Vendor Payments
    Customer Invoices
    Cash Flow Forecasting
    Budget Variance Analysis
    Invoice Workflow
    Data Security
    Bank Integration
    Project Profitability Analysis
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What roles can I use the Microsoft Dynamics 365 Finance Functional Consultant Test for?

  • Microsoft Dynamics 365 Finance Consultant
  • Microsoft Dynamics 365 Functional Consultant

How is the Microsoft Dynamics 365 Finance Functional Consultant Test customized for senior candidates?

For intermediate/ experienced candidates, we customize the assessment questions to include advanced topics and increase the difficulty level of the questions. This might include adding questions on topics like

  • Configuring and managing workflows for expense management
  • Implementing and managing budgeting and forecasting processes
  • Configuring and managing cash and bank management
  • Setting up and configuring sales tax functionality
  • Configuring and managing fixed assets
  • Designing and implementing financial closing processes
  • Configuring and using project accounting functionality
  • Implementing and managing intercompany processes
  • Configuring and managing financial dimensions
  • Integrating Dynamics 365 Finance with Power Platform tools
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The hiring managers felt that through the technical questions that they asked during the panel interviews, they were able to tell which candidates had better scores, and differentiated with those who did not score as well. They are highly satisfied with the quality of candidates shortlisted with the Adaface screening.


85%
reduction in screening time

Microsoft Dynamics 365 Finance Functional Consultant Hiring Test FAQs

Can I combine multiple skills into one custom assessment?

Yes, absolutely. Custom assessments are set up based on your job description, and will include questions on all must-have skills you specify. Here's a quick guide on how you can request a custom test.

Do you have any anti-cheating or proctoring features in place?

We have the following anti-cheating features in place:

  • Non-googleable questions
  • IP proctoring
  • Screen proctoring
  • Web proctoring
  • Webcam proctoring
  • Plagiarism detection
  • Secure browser
  • Copy paste protection

Read more about the proctoring features.

How do I interpret test scores?

The primary thing to keep in mind is that an assessment is an elimination tool, not a selection tool. A skills assessment is optimized to help you eliminate candidates who are not technically qualified for the role, it is not optimized to help you find the best candidate for the role. So the ideal way to use an assessment is to decide a threshold score (typically 55%, we help you benchmark) and invite all candidates who score above the threshold for the next rounds of interview.

What experience level can I use this test for?

Each Adaface assessment is customized to your job description/ ideal candidate persona (our subject matter experts will pick the right questions for your assessment from our library of 10000+ questions). This assessment can be customized for any experience level.

Does every candidate get the same questions?

Yes, it makes it much easier for you to compare candidates. Options for MCQ questions and the order of questions are randomized. We have anti-cheating/ proctoring features in place. In our enterprise plan, we also have the option to create multiple versions of the same assessment with questions of similar difficulty levels.

I'm a candidate. Can I try a practice test?

No. Unfortunately, we do not support practice tests at the moment. However, you can use our sample questions for practice.

What is the cost of using this test?

You can check out our pricing plans.

Can I get a free trial?

Yes, you can sign up for free and preview this test.

I just moved to a paid plan. How can I request a custom assessment?

Here is a quick guide on how to request a custom assessment on Adaface.

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