Module You recommend - Quiz

This item tests the candidate’s knowledge of the general capabilities of the Dynamics 365 finance and operations apps.

Dynamics 365 Supply Chain Management includes the cost management module, which takes care of the valuation of the product. Dynamics 365 Commerce is not involved in the valuation of the product; it is focused on retail operations only. Dynamics 365 Field Service is responsible for allocating service jobs to the field engineers; it is not involved in the valuation of inventory items. Dynamics 365 Project Operations deals with project costing; it does not calculate the cost of inventory items.

Get introduced to the finance and operations apps - Training | Microsoft Learn

Dual-write overview - Finance & Operations | Dynamics 365 | Microsoft Learn

Business events overview - Finance & Operations | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of identifying the core capability of the Asset management module.

The Asset management module takes care of the maintenance, overhauling, and repair of the existing fixed assets, for example, manufacturing tools and machineries. The Production control module defines the production process step by step. It does not deal with the maintenance of the manufacturing machinery. The Fixed asset module deals with the financial part of the acquisition of the manufacturing machineries, which are considered fixed assets to the company. Master planning module defines the requirement for item procurement based on the existing sales order, purchase order, production order, transfer order along with the coverage setup of the items.

Get started with Dynamics 365 Supply Chain Management - Training | Microsoft Learn

Configure and manage fixed assets and Asset leasing in Dynamics 365 Finance - Training | Microsoft Learn

Supply Chain Management home page - Supply Chain Management | Dynamics 365 | Microsoft Learn

Finance home page - Finance | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of identifying the core capability of the Asset management module.

The Asset management module takes care of the maintenance, overhauling, and repair of the existing fixed assets, for example, manufacturing tools and machineries. The Production control module defines the production process step by step. It does not deal with the maintenance of the manufacturing machinery. The Fixed asset module deals with the financial part of the acquisition of the manufacturing machineries, which are considered fixed assets to the company. Master planning module defines the requirement for item procurement based on the existing sales order, purchase order, production order, transfer order along with the coverage setup of the items.

Get started with Dynamics 365 Supply Chain Management - Training | Microsoft Learn

Configure and manage fixed assets and Asset leasing in Dynamics 365 Finance - Training | Microsoft Learn

Supply Chain Management home page - Supply Chain Management | Dynamics 365 | Microsoft Learn

Finance home page - Finance | Dynamics 365 | Microsoft Learn

This item tests the candidate's knowledge of the different modules in Dynamics 365 Supply Chain Management and the function that each one performs.

The company must configure the Warehouse management module. As part of the process for enabling a warehouse layout, you must define warehouse zone groups, zones, location profiles, location types, and locations. Asset management is an advanced module for managing assets and maintenance jobs in Dynamics 365 Supply Chain Management. The Cost management module lets you collect data from various sources, such as the general ledger, sub-ledgers, budgets, and statistical information. The cost data can then be analyzed, summarized, and evaluated so that management can make the best possible decisions for price updates, budgets, and cost control. The Service management module is used to establish service agreements and service subscriptions, handle service orders and customer inquiries, and to manage and analyze the delivery of services to customers.

Set up warehouse management - Training | Microsoft Learn

Warehouse configuration overview - Supply Chain Management | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of making payments to international vendors by using the letter of credit functionality.

Letter of credit is a bank document that are commonly used for the purchase and sale of goods across international borders. In Dynamics 365 Finance, it is configured in the Cash and bank management module. Letter of credit is a bank document that is referenced in accounts payable for payment, but it is neither configured nor maintained in the Accounts payables module. The General ledger module maintains the chart of accounts to link the bank account. It does not maintain or create bank documents. Letter of credit is a bank document, which may be used to receive payment; it is neither configured nor maintained in the Accounts receivable module.

Configure letters of credit and guarantees in Dynamics 365 Finance - Training | Microsoft Learn

Letters of credit - Finance | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of the available Dynamics 365 finance and operations apps and the function each app performs in enterprise resource planning (ERP).

The Dynamics 365 Human Resources app is primarily used to connect people and operations data together to help optimize workforce costs and take care of employees. In the scenario, the company can use the Personnel management workspace in Dynamics 365 Human Resources to meet the requirements. The Personnel Management workspace contains personnel movements, employee changes, open positions, address changes, expiring records, and analytics. Dynamics 365 Project Operations is incorrect because the app is used to manage projects and project delivery. Dynamics 365 Finance is incorrect because the app is used to control finances, manage funds, and conduct financial planning and forecasting. Dynamics 365 Supply Chain Management is incorrect because the app is used to manage a company's inventory, warehouses, manufacturing, services, and logistics while helping to build a resilient supply chain.

Get introduced to the finance and operations apps - Training | Microsoft Learn

This item tests the candidate’s knowledge of the functionality of different modules in the finance and operations apps.

In the asset management module, you can manage assets from the maintenance, overhaul, and repair perspective. The fixed-asset module maintains the financial aspects of fixed assets, such as acquisitions or depreciations. The asset leasing module maintains the asset leasing information and related transactions. Service management maintains service agreements and service subscriptions.

Get introduced to the finance and operations apps - Training | Microsoft Learn

Asset management overview - Supply Chain Management | Dynamics 365 | Microsoft Learn

This item tests the candidate’s knowledge of books.

The Books section of Fixed assets lets you do everything in one book. The Fixed asset management workspace shows information that is related to fixed assets that are entered in the system. Asset leasing is an advanced capability for managing, tracking, and automating financial transactions for leased assets. The cost accounting ledger controls processes and policies for measuring costs.

Set up and create fixed assets - Training | Microsoft Learn

Depreciation book upgrade overview - Finance | Dynamics 365 | Microsoft Learn

✔️ Credit and collections managers can use this central view to manage collections. Collection agents can begin the collections process from customer lists that are generated by using predefined collection criteria, or from the Customers page.

❌ Use accounts receivable to track customer invoices and payments that you receive from customers.

Use accounts payable to track invoices and outgoing expenditures to vendors.

Use general ledger to define and manage the company’s financial records. The general ledger is a register of debit and credit entries. These entries are classified by using the accounts that are listed in a chart of accounts.