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Adaface Sample Dynamics 365 Finance Questions

Here are some sample Dynamics 365 Finance questions from our premium questions library (10273 non-googleable questions).

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🧐 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

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