Practice Free MB-310 Exam Online Questions

DRAG DROP

You need to select the functionality to meet the requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used 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.

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DRAG DROP

A company uses basic budgeting functionality in Dynamics 365 Finance.

A budget manager plans to review and approve budget register entries m the system.

You need to set up approval workflows.

Which four actions should you perform m sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them m the correct order.

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DRAG DROP

A company uses basic budgeting functionality in Dynamics 365 Finance.

A budget manager plans to review and approve budget register entries m the system.

You need to set up approval workflows.

Which four actions should you perform m sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them m the correct order.

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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 configuring the year-end setup in Dynamics 365 for Finance and Operations.

You need to configure the year-end setup to meet the following requirements:

– The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year’s Period 13.

– The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.

– All dimensions from profit and loss must carry over into the retained earnings.

– All future and previous periods must have an On Hold status.

Solution:

Configure General ledger parameters.

– Set the Delete close of year transactions option to Yes.

– Set the Create closing transactions during transfer option to Yes.

– Set the Fiscal year status to permanently closed option to No. Define the Year-end close template.

– Designate a retained earnings main account for each legal entity.

– Set the Financial dimensions will be used on the Opening transactions option to No.

– Set the Transfer profit and loss dimensions’ option to Close All.

Set future Ledger periods to a status of On Hold.

Does the solution meet the goal?

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DRAG DROP

A client observes that some customers are late paying their invoices. The client wants to use the

Credit and Collections functionality to send collection letters to customers.

need to configure the system to support collection letter functionality and processing.

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.

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Topic 5, First Up Consultants

Overview

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. However 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 m 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, dick the Next 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 AM 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 Question button to return to the question.

Background

First Up Consultants is a global finance and accounting company.

Financial needs at organizations ate constantly changing. When global companies become too large, it becomes too difficult for them to scale to meet then global operational needs. First Up Consultants provides "Finance as a Service’ capabilities.

Some large corporations complement their existing finance staff by engaging select services of First Up Consultants. Other large corporations outsource then entire finance operation to First Up Consultants.

First Up Consultants has hundreds of customers at any time. One such customer, humongous Insurance, is updating Its Dynamics Finance 365 implementation Another customer, Trey Research, is setting up its first Dynamics 365 Finance implementation.

Ledger

Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December M. Humongous insurance reports across an its subsidiaries in consolidated financial reports. Trey Research is a Canadian-based company that operates its fiscal year from April 1 to March 31. Humongous Insurance employees receive an annual cost of living increase.

Requirements

• One of Humongous Insurance’s companies provides insurance to government clients and must separate that particular company into its owm subsidiary.

• The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31. – Transitions must be posted in the business of record.

• Humongous insurance s subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.

• Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.

Taxes

• As part of the spinoff to a subsidiary, Humongous Insurance s subsidiaries taxes must be changed from US government rates to Chinese government rates.

• Humongous Insurance’s subsidiary must track use taxes that are not claimed or reported to the Chinese tax agency.

Fiscal calendars

You must create three new fiscal calendars

• A fiscal calendar named FebJan that runs from Feb 1 to Jan 31.

• A fiscal calendar named AprMar that runs from April 1 to March 31.

• A fiscal calendar named JanDec that runs from January 1 to December 31.

Accounts

• Trey Research most track bank account balances and transactions for each province in which it operates.

• The bank statement must be sent to the physical address of the home office.

Promotion

• Humongous insurance s subsidiary plans to celebrate its new subsidiary status by sending out free gifts to existing policy based on the Tier of their policy.

• Promotional Items are ordered for distribution and once received must be Tracked within Dynamics 365 Finance.

Reporting

• The CEO of Humongous Insurance needs to view the insurance products that customers plan to purchase. The report must show all transactions made over the last two years.

• The corporate vice president of Humongous Insurance s subsidiary needs to view the forecasted cash impact of specific products purchased. The report must show only new transactions.

Expenses

Expenses must be pain using the following requirements:

Credit card processing

• Humongous Insurance requires all credit card transactions to include line-item details.

• Humongous Insurance’s subsidiary requires the shipping address merchant address, and lax information but cannot include any order line details.

• Trey Research requires all credit card transactions include transaction date, transaction amount, description, and line-item details.

Compliance and compensation

• Trey Research must be able to audit any modifications to its budget

• Humongow Insurance employees must receive raises tour times pet budget cycle.

You need to reconfigure the taxing jurisdiction for Humongous insurance’s subsidiary.

What should you do?

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HOTSPOT

A company implements basic budgeting functionality.

The company wants to achieve the following:

• Distribute budget amounts across financial dimensions.

• Require an approval workflow for budget

• Approve a specific set of budget entries.

You need to configure the required basic budgeting functionality.

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

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DRAG DROP

A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.

You need to set up the derived financial hierarchy to generate an outgoing electronic document.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.

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A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations.

The company must associate fixed assets with subprojects to track the money that the company spends to maintain assets.

You need to configure subprojects to track the associated fixed asset transactions.

Which two types of subprojects can you use? Each correct answer presents a complete solution. NOTE: Each correct selection Is worth one point.

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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 customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.

You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.

Solution: Set up posting definitions for purchase requisitions.

Does the solution meet the goal?

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