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About the test:

The Microsoft Dynamics 365 Finance Test uses scenario-based MCQs to evaluate candidates on their proficiency in Microsoft Dynamics 365 Finance, an enterprise resource planning (ERP) system designed to manage financial processes for organizations. The test assesses candidates' understanding of topics such as financial management, general ledger, accounts receivable, accounts payable, financial reporting, budgeting, and forecasting.

Covered skills:

  • Bills of Materials (BOM)
  • Budget Model
  • Budget Workflow
  • Budget Control
  • Cash and Bank Management

9 reasons why
9 reasons why

Adaface Microsoft Dynamics 365 Finance Assessment Test is the most accurate way to shortlist MS Dynamics 365 Finance Developers



Reason #1

Tests for on-the-job skills

The Microsoft Dynamics 365 Finance 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:

  • Ability to manage Bills of Materials (BOM) effectively
  • Able to control and manage budgets accurately
  • Proficiency in budget modeling and forecasting
  • Ability to handle cash and bank management efficiently
  • Understanding of budget workflows and processes
  • Capability to track and analyze financial data
  • Knowledge of financial reporting and analysis
  • Ability to reconcile accounts and manage financial transactions
  • Expertise in cost management and expenditure control
  • Understanding of financial planning and budgeting
  • Skill in managing vendor and supplier payments
  • Proficiency in managing accounts payable and receivable
  • Capability to configure and customize financial modules in Dynamics 365
  • Knowledge of financial integration with other systems
  • Ability to generate financial statements and reports
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
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 Test will be non-googleable.

🧐 Question

Medium

Exchange Rate Fluctuations
Invoice Management
Solve
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
Solve
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
Solve
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
Solve
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
Solve
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
Solve

Medium

Finance Integration
Data Entities
Security Roles
Ledger Setup

3 mins

Dynamics 365 Finance
Solve

Medium

Finance Ledger Integration
Ledger Management
Financial Reporting
Data Entities

2 mins

Dynamics 365 Finance
Solve

Medium

Intercompany Transactions
Intercompany Setup
Ledger Posting
Data Sharing

2 mins

Dynamics 365 Finance
Solve

Medium

Power Platform Integration
Data Entities
Power Apps Customization
Embedded Analytics

3 mins

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

Reason #5

Designed for elimination, not selection

The most important thing while implementing the pre-employment Microsoft Dynamics 365 Finance 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 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

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


Learn more

About the Microsoft Dynamics 365 Finance Online Test

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

The Microsoft Dynamics 365 Finance 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:

  • Ability to create and manage Bills of Materials (BOM)
  • Understanding of Budget Control functionality
  • Knowledge of creating and managing Budget Models
  • Proficiency in Cash and Bank Management processes
  • Understanding of Budget Workflow and its configuration
  • Ability to handle budget allocations and transfers
  • Knowledge of managing cash flow forecasts and budgets
  • Setting up and managing bank accounts and cash balances
  • Budget planning and forecasting
  • Reconcile bank statements and manage bank transactions

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 Test?

  • Bills of Materials (BOM)

    Bills of Materials (BOM) is a feature in Microsoft Dynamics 365 Finance that allows users to define and manage the list of components needed to produce a finished product or assembly. By measuring this skill in the test, recruiters can assess a candidate's ability to create and maintain accurate BOMs, which is crucial for inventory management and cost control.

  • Budget Control

    Budget Control is a functionality in Microsoft Dynamics 365 Finance that enables organizations to define and enforce spending limits and track budget utilization. Evaluating this skill in the test provides recruiters with insights into a candidate's proficiency in configuring and managing budget controls, ensuring financial resources are allocated effectively and within set limits.

  • Budget Model

    A Budget Model in Microsoft Dynamics 365 Finance is a template that defines the structure and components of a budget. Measuring this skill in the test allows recruiters to gauge a candidate's ability to create and maintain budget models, facilitating accurate planning, forecasting, and monitoring of financial performance.

  • Cash and Bank Management

    Cash and Bank Management is a module in Microsoft Dynamics 365 Finance that allows organizations to manage cash flows, bank accounts, and perform various banking transactions. Assessing this skill in the test enables recruiters to determine a candidate's proficiency in tasks such as bank reconciliations, cash forecasting, and cash flow analysis, which are crucial for effective financial management.

  • Budget Workflow

    Budget Workflow is a feature in Microsoft Dynamics 365 Finance that enables organizations to automate the approval process for budget requests and modifications. Measuring this skill in the test helps recruiters evaluate a candidate's knowledge of configuring and managing budget workflows, ensuring efficient and streamlined budgetary processes within the organization.

  • 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 Test to be based on.

    BOM setup
    BOM calculation
    BOM version control
    Budget setup
    Budget planning
    Budget forecasting
    Budget monitoring
    Budget variance analysis
    Cash management
    Bank reconciliation
    Cash flow forecasting
    Budget workflow configuration
    Budget approval process
    Budget delegation
    Budget revision
    Cost control
    Cost allocation
    Expenditure tracking
    Financial data analysis
    Financial reporting
    Financial statement generation
    Financial analysis
    Account reconciliation
    Vendor payment management
    Supplier payment processes
    Accounts payable management
    Accounts receivable management
    Financial module configuration
    Financial system integration
    Financial data migration
    Financial module customization

What roles can I use the Microsoft Dynamics 365 Finance Test for?

  • MS Dynamics 365 Finance Developer
  • MS Dynamics 365 Finance Administrator
  • Dynamics 365 Finance Functional Consultant Associate
  • Financial Analyst
  • Finance Solutions Architect

How is the Microsoft Dynamics 365 Finance 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

  • Budget reporting and analysis
  • Managing vendor and customer payments
  • Financial decision-making using budget information
  • Ability to configure and use budget control rules
  • Budget planning and forecasting features
  • Creating and managing budget workflows
  • Cash flow forecasting and cash positioning
  • Perform budget revisions and adjustments
  • Financial analysis and reporting using budget data
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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 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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