Practice Free MB-310 Exam Online Questions
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.
The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review.
You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller’s needs.
Which functionality should you configure?
- A . the controller’s security role so that he has approval privileges for General ledger journals
- B . an Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name
- C . a Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger
- D . a manual journal approval with the journal assigned to the user group that the employees are assigned to
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: Configure item posting groups for purchase requisitions.
Does the solution meet the goal?
- A . Yes
- B . No
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
You manage customer credit and collections in a Dynamics 365 Finance implementation.
At the beginning of each month, you must send collection letters to customers whose payments are overdue.
You need to configure the collection letter functionality.
Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
HOTSPOT
A company has delinquent customers.
You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:
• Send communication to the customers detailing their past-due invoices.
• Use the system to automatically calculate a late charges,
• Create a group of customers for a collection agent to monitor.
• View a list of customers with colored indicators of a customer’s payment status.
You need to associate the correct system functionality to manage delinquent customers based on these business requirements.
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-collections-information
You are configuring the basic budgeting for a Dynamics 365 Finance environment.
You need to configure the types of entries allowed.
Which two configurations can you use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point,
- A . The budget register entry journals require both Expense and Revenue amount types.
- B . Budget register entry line needs a main account and amount to be valid.
- C . Budget register entry journals must be allocated across all fiscal periods.
- D . Budget register entry lines must select only one account structure.
- E . The budget register entries can contain either Expense or Revenue amount types.
HOTSPOT
A company uses Dynamics 365 Finance. The company induces sot departments that participate in the budget planning process.
The finance department generates a previous year budget scenario You must generate a new baseline scenario that is based on the previous year’s budget scenario.
Department managers must be able to enter their budget requests in the baseline scenario. Al department requests must be made available to the finance department so that they can determine the total budget funds requested and approve the budget scenario.
You need to configure the allocation schedule.
How should you configure the schedule for the baseline scenario? To answer, select the appropriate options in the dialog box in the answer area. NOTE: Each correct selection worth one point.
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.
SIMULATION
You are a functional consultant for Contoso Entertainment System USA (USMF).
USMF recently opened a new bank account in the Brazilian currency.
You need to create a new bank account in the system for the new bank account.
To complete this task, sign in to the Dynamics 365 portal.