Practice Free MB-310 Exam Online Questions
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers transaction for the sale of the machinery by using a free text invoice for fixed assets.
Which transaction type should you use?
- A . Disposal
- B . Acquisition
- C . Value adjustments
- D . Depreciation
You create a parent budget for the next fiscal year of a parent company. The parent company is configured as its own legal entity.
Franchises are configured as separate legal entities. The parent company sets the budget for each franchise based on the past year’s performance.
Ledger allocation rules, periods allocation keys, and budget allocation terms have not been created.
Budget line items must be allocated to the budget for each franchise.
You need to ensure the franchise budgets are allocated.
What should you do?
- A . Create budget allocation terms. Set the allocation method to allocate to dimensions.
- B . Create ledger allocation rules. Set the allocation method to use ledger allocation rules
- C . Set the allocation method to distribute.
- D . Set the allocation method to aggregate.
- E . Create period allocation keys. Set the allocation method to allocate across periods.
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet 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.
You are managing credit and collections.
You need to set up mandatory credit limits for all customer documents.
Solution: Select the Balance + All credit type on the Accounts receivable parameters form.
Select the Mandatory credit limit check box on the Customers form.
Does the solution meet the goal?
- A . Yes
- B . No
You need to determine why Customer X is unable to confirm another sales order.
What are two possible reasons? Each answer is a complete solution. NOTE: Each correct selection is worth one point.
- A . The credit limit parameter is set to Balance + All.
- B . The credit limit is set to 0.
- C . An inventory item is out of stock.
- D . The inventory safety stock is set to 0.
You need to enforce financial budgets for management and resolve User As issue.
What should you do?
- A . Configure budget control threshold.
- B . Create a schema for formulating budget.
- C . Create a new organizational hierarchy.
- D . Apply security rules to budget plans.
A
Explanation:
Configure Budget Control Threshold (Option A):
Go to Budgeting > Setup > Budget control > Budget control configuration.
Under the Budget thresholds section, configure the threshold percentage (e.g., 90%) to trigger alerts when users are close to their budget limits.
This configuration ensures that alerts are sent to users before they exceed their budget, directly addressing User As issue by setting up notifications to prevent budget overrun.
Reference: Dynamics 365 documentation on configuring budget control thresholds to enforce budget limits and alerts.
By setting the threshold, you allow the system to automatically monitor budget usage and notify users accordingly, ensuring adherence to budget constraints as specified by management.
You need to set up financial reports to meet management requirements.
What should you do? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . Set up a report schedule to generate a report on a monthly basis for a reporting group.
- B . Set up a report schedule to generate an individual report on a monthly basis.
- C . Set up a reporting tree definition.
- D . Create a report group.
A, C, D
Explanation:
Set up a Report Schedule (Option A & B):
To automate report generation on a monthly basis, navigate to General ledger > Inquiries and reports > Financial reports.
Choose the report to schedule and select Report schedules. Here, you can define whether the schedule applies to a reporting group or an individual report, depending on the organization’s requirements.
Reference: Dynamics 365 documentation on scheduling financial reports.
Set up a Reporting Tree Definition (Option C):
Reporting trees allow you to structure financial reports based on organizational hierarchies. Go to General ledger > Inquiries and reports > Financial reports, then create or modify a reporting tree definition as needed.
Reporting tree definitions are particularly useful for presenting consolidated reports or segmented reports across different entities or departments.
Reference: Microsoft guidance on setting up reporting tree definitions for hierarchical reporting.
Create a Report Group (Option D):
To create a report group, go to General ledger > Inquiries and reports > Financial reports, then select Report group and add the necessary financial reports.
This approach enables you to generate multiple reports simultaneously, which is useful for consistent monthly reporting to management.
Reference: Creating report groups as part of the financial reporting setup in Dynamics 365 Finance.
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet 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 client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate with import.
Does the solution meet the goal?
- A . Yes
- B . No
B
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
DRAG DROP
A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
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.
DRAG DROP
A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
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.
HOTSPOT
A company implements expense management in Dynamic employee travel expenses.
The current per diem setup on the Expense management parameters page is as follow:
Use the drop-down menus to select the answer choice that that answers each question based on the information presented in the graphic.
