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1. Topic 3, Alpine Ski House



Case study

This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case . How ever, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.



To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.



At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section.



To start the case study

To display the first question in this case study, click the button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements.

If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the button to return to the question.



Background

Alpine Ski House has three partially owned franchises and 10 fully owned resorts throughout the United States and Canada. Alpine Ski House's percentage ownership of the franchises is between two and 10 percent.

Alpine Ski House is undergoing an implementation of Dynamics 365 Finance and Dynamics 365 Supply Chain Management to transform their financial management and logistics capabilities across the franchises.

Implementation is complete for Alpine Ski House's corporate offices, two US franchises, and one Canadian franchise. The remaining franchises are in varying stages of the implementation. Two new resort projects are in the budget planning stages and will open in the next fiscal year. Current environment



Organization and general ledger

* Each franchise is set up as a legal entity in Dynamics 365 Finance.

* Alpine Ski House Corporate uses financial dimensions for their fully owned resorts.

* Each resort is a financial dimension named resort.

* Each fully owned resort has two divisions: marketing and operations.

* Only Profit and Loss account postings require the division dimension.

* Corporate handles the advertising and administration of the fully owned resorts.

* Corporate uses Dynamics 365 Project Management and Accounting to manage construction of new resorts.



Budgeting

* Organizational budgeting is decentralized but rolls up to one organizational corporate budget.

* Each resort manager performs budgeting in Dynamics 365 Finance.

* Budget preparation begins this month. All operational resorts will submit their budgets in two weeks.



Sales and tax

* Sales tax is configured and used by all resorts that operate in the United States.

* You configure one US sales tax vendor account and assign the vendor account to the settlement periods for reporting.

* You use accounts receivable charges to track donations.



Existing purchasing contracts

* Each franchise resort has an individual contract with a local supplier of their choosing to purchase at least $10,000 worth of suppliers during the calendar year.

* The franchise resorts in one US state receive a two percent discount on meat and vegetable purchases in excess of $8,000 per year.

* A franchise resort in Utah has agreed to purchase 1,000 units of beef at market price from a local supplier.

* Alpine Ski House uses a vendor collaboration portal to track purchase orders and requests for quotes.

* Vendors request access to the vendor collaboration portal by using a workflow which runs on a nightly schedule.



Intercompany setup

Vendor123 resides in US franchise Company1 and is set up for intercompany transactions. Customer345 resides in Canada franchise Company1 and is set up for intercompany transactions.



Requirements

Franchises

* Each franchise must pay two percent of monthly sales to Alpine Ski House Corporate.

* Each franchise must report their own financials to Alpine Ski House Corporate monthly.

* US franchises require a three-way-match on all purchases, with a 1-percent price tolerance.

* Canadian franchises require a three-way-match on all purchases except paper products, which have a 10-percent price tolerance.



Corporate

* Advertising costs must be balanced across the 10 resorts monthly. These costs must be split across the 12 resorts once construction of the final two resorts is completed.

* Administration costs must be split across the 10 resorts proportional to the amount of sales generated.

* One percent of all pack and individual ski pass sales must be donated quarterly to an environmental protection organization.

* The finance department must be able to see purchasing contracts and discounts for vendors based on volume spend.



Employees

All employee expense reports that contain the word must be reviewed for the audit purposes. If a journal is posted incorrectly, the entire journal and not just the incorrect line must be fully reversed for audit purposes.



Resorts

All resorts must use Dynamics 365 Finance for budgeting and must first be approved by the regional manager.

Purchased fixed assets must automatically be acquired at product receipt.



Issues

* User1 reports that irrelevant dimensions display in the drop down when entering a General journal.

* User2 reports that dimension 00 is being used for all balance sheet accounts.

* User3 tries to generate the quarterly sales tax liability payment for a specific state but does not see any payables available for that state's vendor.

* User4 receives a call from a vendor who cannot access the vendor collaboration portal but needs immediate access.

* User5 notices a large amount of entertainment expenses being posted without an audit review.

* User6 needs to have visibility into the increase in budget that is necessary to staff the two new resorts opening next year.

* User7 needs to use Dynamics 365 Finance for situational budgeting planning with the ability to increase and decrease the existing plans by certain percentages.

* User8 made a mistake while posting a 1,000-line journal and reverses the entire journal but cannot find the lines that included errors during the reversal.

* User9 made a mistake while posting a 55-line journal and reverses the entire journal.

* User10 realizes that the purchase of five new computers did not acquire five new fixed assets upon receipt.



You need to acquire the fixed assets that are associated with the purchase orders.

What should you do?

2. You are implementing Dynamics 365 Finance.

Subledger entries must transfer automatically to the general lender.

You need to configure a hatch transfer rule.

Which two options should you select? Each correct answer presents a complete solution . NOTE: Each correct selection is worth one point

3. HOTSPOT

You need to determine the root cause for User1’s issue.

Which configuration options should you check? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

4. HOTSPOT

You need to configure settings to resolve User1’s issue.

Which settings should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

5. DRAG DROP

You need to process expense allocations.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

6. DRAG DROP

A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.

You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation,

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

7. A customer uses Dynamics 365 Finance to manage budgets.

You review a customer’s budget funds available calculation and discover that the budget amounts posted two weeks ago are not reflected in the budget control check on a purchase

order.

You verify that budget control is set to active.

You need to determine why the budget posted two weeks ago is not reflecting correctly.

What should you do?

8. DRAG DROP

You need to configure the system to meet invoicing requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

9. HOTSPOT

A client is using Dynamics 365 Finance for sales order processing and accounts receivable. The client has two customer groups and two Accounts receivable trade accounts. Foreign customers in Group 80 are assigned to account 12001. Domestic customers in Group 40 are assigned to account 12000.

You are viewing the client's current setup of Customer posting profiles.





Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

10. CORRECT TEXT

You are a functional consultant for Contoso Entertainment System USA (USMF).

USMF plans to implement a new manufacturing department that will be based in Australia.

You need to create a draft account structure for the new department. The account structure must use the same account structure as a department named Manufacturing India and be named Manufacturing Australia.

To complete this task, sign in to the Dynamics 365 portal.

11. DRAG DROP

You need to configure revenue recognition to meet the requirements.

Which configuration should you use? To answer, drag the appropriate configurations to the correct requirements. Each configuration may be used once, more than not at all. You may need to drag the split bar between panes or scroll to view content . NOTE: Each correct selection is worth one point

12. DRAG DROP

You are a controller for a public sector organization. You need detailed fiscal tracking and reporting.

You need to set up fund types categorized under specific fund classes.

Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund type may be used once, more than once, or not at all. You may need to dreg the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

13. CORRECT TEXT

You are a functional consultant for Contoso Entertainment System USA (USMF).

You plan to run several reports in USMF that list all the write-off transactions.

You need to replace the write-off reason used by the system for USMF to use a reason of “Bad debts.

To complete this task, sign in to the Dynamics 365 portal.

14. HOTSPOT

You need to configure the system to meet the budget preparation requirements.

What should you do? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

15. A company uses Microsoft Dynamics 365 finance to manage customer support contracts.

You need to validate a revenue recognition schedule for a customer, in which two pages can you view the revenue recognition schedule? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

16. You need to troubleshoot the reporting issue for User7.

Why are some transactions being excluded?

17. A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.

You need to configure the client's system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:

• Include the main account and all four dimensions.

• Include the main account and only the business unit and cost center dimensions .

What should you configure?

18. Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.

After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.

A customer uses Dynamics 365 Finance.

The controller notices incorrect postings to the ledger entered via journal.

The system must enforce the following:

✑ Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.

✑ Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.

✑ Liability accounts (2000-2999) should not have any dimensions posted.

✑ Expense account (6999) requires department, division, project and customer dimensions with all transactions.

You need to configure the account structure to meet the requirements.

Solution:

✑ Configure one account structure with department, division, project and customer dimensions.

✑ Configure asterisks in all columns for Expense accounts (6000-6999), Revenue accounts (4000-4999), and Liability accounts (2000-2999).

Does the solution meet the goal?

19. HOTSPOT

You are asked to configure a main account in Dynamics 365 Finance.





Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

20. HOTSPOT

You need to prevent a reoccurrence of User2’s issue.

How should you configure the system? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

21. The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are

purchased totaling USD1,000.

When the purchase invoice is prepared, USD10,000 is keyed in by mistake.

Which configuration determines the result for this intercompany trade scenario?

22. DRAG DROP

You need to configure ledger allocations to meet the requirements.

What should you configure? To answer, drag the appropriate setups to the correct requirements. Each setup may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

23. HOTSPOT

You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight invoice to be paid to the vendor and record the expense in main account 600120 - Freight In.





Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

24. A company is preparing to complete yearly budgets.

The company plans to use the Budget module in Dynamics 365 Finance for budget management.

You need to create the new budgets.

What should you do?

25. You need to view the results of Fourth Coffee Holding Company's consolidation.

Which three places show the results of financial consolidation? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.