Practice Free MB-310 Exam Online Questions

SIMULATION

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

You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017.

To validate you results, save the file in Microsoft Excel format to the DownloadsTrial folder.

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

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You plan to manage delinquent customers by monitoring the collection process in Dynamics 365 Finance. You need to use the Collections list page to monitor the collection process.

What must you do first?

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HOTSPOT

You need to resolve the issue related to monthly lease expenses.

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

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Correct Answer:

Explanation:

To resolve the issue related to monthly lease expenses in Dynamics 365 Finance, you should configure the asset leasing settings as follows:

Requirement: Confirm payment schedules.

Configuration: Confirm schedules in a batch.

This option ensures that the payment schedules for all leases are confirmed at once, simplifying the process of managing multiple leases.

Requirement: Create journal entries.

Configuration: Set up batch processing to create journal entries.

This setting automates the creation of journal entries for lease payments, which is essential for handling monthly lease expenses consistently.

Confirm Payment Schedules in a Batch:

Go to Asset leasing > Periodic tasks > Confirm lease payment schedules.

Select Batch processing to confirm schedules for all leases at once. This option streamlines the confirmation process, ensuring that all lease payment schedules are up-to-date.

Reference: Microsoft documentation on batch processing for lease payment confirmations in Dynamics 365 Finance.

Set Up Batch Processing for Journal Entries:

Navigate to Asset leasing > Lease transactions > Create journal entries.

Choose Set up batch processing to automatically generate journal entries for lease payments. This process enables consistent tracking of monthly lease expenses and aligns with standard accounting practices for asset leasing.

Reference: Dynamics 365 Finance documentation on automating lease journal entries with batch processing.

By configuring these options, you ensure that payment schedules and journal entries are managed effectively through batch processing, which is critical for managing monthly lease expenses in Dynamics 365 Finance.

You are implementing Dynamics 365 Finance.

You must configure a more accurate cash flow forecast related to sales tax. The sales tax calculation should be based on the expected transaction amounts and dates.

You need to configure the cash flow forecast.

Which setup should you use?

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HOTSPOT

You manage fixed assets in Dynamics 365 Finance.

You have the following requirements:

✑ Purchase a fixed asset on a purchase order by using a procurement category.

✑ Purchase a fixed asset on a purchase order by using an item number.

✑ Post specific tax transactions for fixed assets by using a journal.

You need to associate process in the system with the corresponding business requirement.

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

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Correct Answer:

Explanation:

Reference: https://www.loganconsulting.com/blog/fixed-asset-determination-rules-in-d365-for-finance-and-operations/

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.

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An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure.

The organization has the following requirements:

✑ Set up restrictions on the account type and segment values.

✑ Capture data accurately for offset accounts, currency, and financial dimensions.

✑ Maintain internal control and establish materiality limits.

You need to set up journal name elements to meet these requirements.

Which three journal elements should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

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An organization is setting up cost accounting.

You need to set up fiscal calendars for Dynamics 365 for Finance and Operations.

What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

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You need to configure the posting groups for Humongous insurance s subsidiary.

Which ledger posting group field should you use?

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