Q:
A company uses Dynamics 365 Finance to manage its finances.

A manager plans to assess the positive and negative cost trends for the business and the impact of commercial lease expenses.

You need to identify the cost accounting insights to report on.

Which two insights should you use? Each correct answer presents a complete solution. Choose two.

A. cost variance to budget
B. fixed cost elements
C. total sales forecast
D. foreign trade tax rules
E. sales tax reporting codes

Share this MCQ

Answer: A,B

Explanation:

This item tests the candidate’s knowledge of the cost accounting concepts in Dynamics 365 Finance and specifically the types of information and insights a user would get from the cost control module. The cost variance highlighting variance between the actual costs and budgeted costs is an available insight in the cost control module showing positive and negative trends for the business. Similarly, individual cost elements, such as fixed cost elements, are insights the manager can drill down into within the cost control module, for example a lease expense. Sales forecasting is handled elsewhere in Dynamics 365 Finance via budget planning. Foreign trade tax rules are handled elsewhere as part of sales tax groups. Sales reporting codes fall outside of the cost control module and refer to a field number on a sales tax report.

Describe cost accounting concepts - Training | Microsoft Learn

Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ

Share Above MCQ

‹ Previous Next ›

Write your comment

Learn More MCQ Questions from MB-920: Microsoft Dynamics 365 Fundamentals (ERP) Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ

Report Question