MCQ Practice Single Best Answer Topic: Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ

Q

A company implements Dynamics 365 Finance.

The company must distribute a transaction amount across multiple ledger account and dimension combinations.

You need to design the financial process for the company.

Which process type should you design?

Question ID
#24351
Subchapter
Exam MB-920: Microsoft Dynamics 365 Fundamentals (ERP) MCQ
Action
Choose one option below

Choose Your Answer

Click an option to check whether your answer is correct.

  • A Allocation
  • B Cost rollup
  • C Free text invoice
  • D Positive pay
Correct Answer: A

Explanation

This item tests the candidate’s knowledge of financial processes that can distribute amounts in multiple legal entities and dimensions.

Allocations are used to distribute amounts across multiple ledger account combinations. Allocations help ensure that expenses or revenues are charged to the correct object in accounting. Cost rollup is related to cost accounting. Distribution of transaction is part of the ledger accounting process. Free text invoice is used to create a customer invoice without any items. Positive pay is used to generate an electronic list of checks that can be presented to a bank.

Configure ledger allocations and accruals in Dynamics 365 Finance - Training | Microsoft Learn

Positive pay overview - Finance | Dynamics 365 | Microsoft Learn

Create a free text invoice - Finance | Dynamics 365 | Microsoft Learn

Cost rollup policy and overhead calculation - Finance | Dynamics 365 | Microsoft Learn

Process allocations - Finance | Dynamics 365 | Microsoft Learn

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