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Exam MB-700 topic 1 question 3 discussion

Actual exam question from Microsoft's MB-700

Question #: 3
Topic #: 1

HOTSPOT -
A United States-based company has a cloud-based Dynamics 365 Finance implementation. The company plans to open a new location in Mexico.
Electronic invoicing is mandated in Mexico.
You need to recommend a solution that meets Mexican localization reporting requirements.
What should you recommend? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:

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Suggested Answer:

Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/localizations/latam-mex-cfdi-electronic-invoices

by azSinha at Sept. 10, 2020, 11:21 a.m.

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Pir

Highly Voted 4 years, 1 month ago

Implement localization: Select Mexico for the localized functionality region field Configure company: Create a new legal entity with MEX as country code Identify gaps: Identify the reporting format requirement and analyze D365 for supporting functionality

upvoted 26 times

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924ppk

Most Recent 8 months, 3 weeks ago

My view is one legal entity cannot have two different reporting currency. US operations require USD and Mexican operations need MEX. Hence two separate legal entities are required for each of the currency.

upvoted 1 times

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simonegili

1 year, 2 months ago

Agree on proposed answers

upvoted 1 times

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AdrienBnhm

1 year, 7 months ago

All answers look correct to me: Implement localization: Select Mexico for the localized functionality region field Configure company: Create a new legal entity with MEX as country code Identify gaps: Identify the reporting format requirement and analyze D365 for supporting functionality

upvoted 1 times

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dangky1605

2 years, 8 months ago

Implement localization: Select United States for the localized functionality region field. => Reason: E-invoicing CFDI is ONLY possible with Primary address in Mexico

upvoted 1 times

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Abdo83

3 years, 5 months ago

The current platform doesn't allow the use the on-premises version and there are no plans to support it in the future. https://docs.microsoft.com/en-us/dynamics365/finance/localizations/e-invoicing-faq?toc=/dynamics365/finance/toc.json#does-electronic-invoicing-service-support-the-on-premises-installations-of-finance-supply-chain-management-and-project-operations

upvoted 2 times

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dojom73239

4 years, 3 months ago

Actually you do not need a new instance just make a legal entity with MEX as localized functionality region: https://www.linkedin.com/pulse/dynamics-365-operations-localized-functionality-sten-baumgarten

upvoted 1 times

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dojom73239

4 years, 3 months ago

Here I would do: Create a new cloud based instance of D365 Finance in Mexico Create a new legal entity with MEX as the country code Identify the reporting format requirement and analyze Dynamics 365 for supporting functionality. https://kaya-consulting.com/how-to-create-a-new-country-for-localizing-dynamics-365/ https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/general-electronic-reporting#component-access

upvoted 1 times

Wazzastudiesalot

3 years, 9 months ago

The Question is messed up. Microsoft Data Center Mexico is been built, so you cannot technically deploy IN Mexico with the cloud, Mexico for the localized functionality region field is only needed if the Country on the primary address is different from the functionality needed, Ie US company needs Mexican functionality.

upvoted 1 times

Wazzastudiesalot

3 years, 9 months ago

https://docs.microsoft.com/en-us/dynamics365/finance/localizations/tasks/mx-00010-e-invoicing-cfdi This task can only be completed if you are logged into a legal entity with a primary address in Mexico

upvoted 1 times

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azSinha

4 years, 5 months ago

Y new instant Y not region field base

upvoted 3 times

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