Microsoft Mb 700 Dynamics 365 Finance Operations Solution Architect Practice Test - Set 1
Test your knowledge with this Microsoft Mb 700 Dynamics 365 Finance Operations Solution Architect mock exam. Get real-world IT questions and prepare for certification success.
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Exam Information
Exam Code
Microsoft Mb 700 Dynamics 365 Finance Operations Solution Architect
Exam Title
Unknown Exam
Vendor
Microsoft
Difficulty
Varies
Duration
Varies
Question Format
Multiple Choice
Last Updated
February 25, 2025
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49. What is the purpose of 'Payment Schedules' in Accounts Receivable?
To split customer invoices into multiple payments
To track vendor invoices
To manage fixed asset disposals
To forecast sales revenue
✅ Correct Answer: To split customer invoices into multiple payments
50. Which feature is used to automate the approval of vendor invoices?
Workflow Approvals
Payment Proposals
Invoice Matching
Vendor Collaboration
✅ Correct Answer: Workflow Approvals
51. What is the purpose of 'Intercompany Accounting' in Dynamics 365 Finance?
To automate transactions between legal entities
To track customer payments
To manage fixed asset transfers
To reconcile bank accounts
✅ Correct Answer: To automate transactions between legal entities
52. Which feature is used to track partial payments from customers?
Settlement
Payment Journals
Recurring Invoices
Credit Management
✅ Correct Answer: Settlement
53. What is the purpose of 'Budget Transfers' in Dynamics 365 Finance?
To move budget funds between accounts or dimensions
To generate financial statements
To automate vendor payments
To track inventory movements
✅ Correct Answer: To move budget funds between accounts or dimensions
54. Which feature allows users to define rules for automatic ledger postings?
Posting Definitions
Financial Dimensions
Budget Control
Payment Terms
✅ Correct Answer: Posting Definitions
55. What is the purpose of 'Vendor Groups' in Accounts Payable?
To categorize vendors for reporting and payment processing
To track customer invoices
To manage fixed asset acquisitions
To forecast cash flow
✅ Correct Answer: To categorize vendors for reporting and payment processing
56. Which feature is used to track customer prepayments?
Prepayment Journals
Payment Schedules
Recurring Invoices
Credit Management
✅ Correct Answer: Prepayment Journals
57. What is the purpose of 'Fixed Asset Groups' in Dynamics 365 Finance?
To classify assets for depreciation and reporting
To manage vendor contracts
To automate bank reconciliations
To track project expenses
✅ Correct Answer: To classify assets for depreciation and reporting
58. Which feature allows users to create and manage budget scenarios?
Budget Planning
Financial Reporting
General Ledger
Inventory Management
✅ Correct Answer: Budget Planning
59. What is the purpose of 'Customer Groups' in Accounts Receivable?
To categorize customers for reporting and credit management
To track vendor invoices
To manage fixed asset disposals
To forecast sales revenue
✅ Correct Answer: To categorize customers for reporting and credit management
60. Which feature is used to automate the creation of recurring customer invoices?
Free Text Invoice Recurring
Payment Schedules
Workflow Approvals
Collections Management
✅ Correct Answer: Free Text Invoice Recurring
The Microsoft Mb 700 Dynamics 365 Finance Operations Solution Architect certification is a globally recognized credential for IT professionals.
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