Practice Free MB-310 Exam Online Questions
HOTSPOT
You need to configure credit card processing for all three companies
Which option should you use? To answer, select the appropriate options m the answer area NOTE: Each correct selection is worth one point.
Explanation:
Total
Total
HOTSPOT
A rental service company with complex accrual requirements has accrual schemes set up in its implementation. They want to use defined accrual schemes to perform transactions.
You need to use an accrual scheme to create transactions for this company.
Which actions should you perform? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point.
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.
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-financial-hierarchy-public-sector
HOTSPOT
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations.
You are viewing the main accounts.
You use Dynamics 365 Finance for daily bank reconciliation. You must use the BAI2 bank statement format.
You need to configure the import bank statement format for the bank reconciliation process.
What should you do?
- A . Import the bank statement as a template for the bank statement format.
- B . Set up a journal name to import a bank statement transaction.
- C . Set up an import project for the bank statement in a Data management workspace using files provided by Microsoft.
- D . Set up a batch job to import the bank statement.
You need to acquire the fixed assets that are associated with the purchase orders.
What should you do?
- A . Select the fixed asset checkbox on the invoice.
- B . Create the fixed assets in the fixed asset module and then acquire the asset.
- C . Create the fixed assets in the fixed asset module and then select the fixed asset checkbox on the product receipt.
- D . Reverse the product receipt and then repost it.
A
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/acquire-assets-procurement
DRAG DROP
You are implementing Dynamics 365 Finance.
You must track freight charges, freight amounts must be included in the vendor invoice amount and the expense recorded in a ledger account defined for Freight.
You need to configure the Accounts payable charges.
How should you set up the charges? To answer, drag the appropriate posting type to the correct account type. Each posting type 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.
HOTSPOT
You need to prevent prohibited expenses from posting.
Which configurations should you use? To answer, select the appropriate options in the answer area. 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.
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?
- A . Yes
- B . No
A
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
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.
