Practice Free MB-310 Exam Online Questions
HOTSPOT
A carrier company uses Dynamics 365 Finance for its recurring contract billing.
A customer has a one-year contract, from January through December, with a monthly payment of $100. The company already billed through July 31. The customer cancels the contract on June 15.
You need to cancel the contract and refund the customer.
How should you complete the billing schedule termination? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
HOTSPOT
A customer implements Dynamics 365 Finance.
The customer needs to use the cost accounting module for the following:
• Track the square footage occupied at each of the customer’s store locations.
• Track and categorize costs as primary or secondary.
• Classify costs as direct or indirect.
You need to configure the system.
Which configuration options should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
A customer uses bank reconciliation functionality In Dynamics 365 Finance.
The customer finds a transaction in a closed fiscal period that must be corrected.
You need to correct the transaction.
How should you nuke this correction?
- A . Use the Correction amount field.
- B . Open the fiscal period.
- C . Create a new line for the transaction in the closed period.
- D . Create a new line for the transaction in an open period
HOTSPOT
You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are vie wing the Accounts payable parameter for Invoice validation.
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-matching-validation
You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy, and view financial statements.
You need to generate consolidated financial statements by using a building block group to aggregate data across companies and financial dimensions.
Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . Create a column definition that includes a financial dimension column for each company.
- B . Create a column definition and use the period and year to map the appropriate periods for each company.
- C . Create a row definition that includes all appropriate accounts in all companies in the rows.
- D . Create a reporting tree that includes a reporting node for each company.
- E . Use the Reporting Unit field to select the tree and reporting unit for each column.
SIMULATION
You are a functional consultant for Contoso Entertainment System USA (USMF).
You plan to settle accounts by receiving cash payments in US currency.
You need to create a cash receipts journal that uses the US dollar currency.
To complete this task, sign in to the Dynamics 365 portal.
Click the +New link to add a new cash receipt journal.
Fill in the required fields including the currency field.
HOTSPOT
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days and a discount of one percent if it is paid in 14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
A company implements Dynamics 365 Finance for budget control. Encumbrance accounting is enabled. The company must subtract confirmed purchase order amounts from the available budget fund. You need to configure the available budget fund for budget control.
Which configuration should you use?
- A . Budget reservations to reduce unconfirmed encumbrances
- B . Budget reservations for encumbrances
- C . Budget reservations for pre-encumbrances
- D . Budget reservations for unconfirmed pre-encumbrances
DRAG DROP
A company is implementing Microsoft Dynamics 365 Finance.
The company is configuring the fixed asset functionality and has the following requirements:
• Manually add an additional depreciation amount the first year a machine is put in service.
• Depreciate a company vehicle based on the number of miles it has traveled.
You need to configure the depreciation for the assets.
Which depreciation method should you use? To answer, drag the appropriate depreciation methods to the correct assets. Each method may be used once, more than 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.
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 Finance. All companies and data reside in Dynamics 365 Finance.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Dynamics 365 Finance instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate online in Dynamics 365 Finance. Include eliminations during the process or as a proposal. Set up the transactions to post in the legal entity configured for consolidations.
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