Practice Free MB-310 Exam Online Questions

A customer uses the sales tax functionality in Dynamics 365 Finance.

The customer reports that when a sales order is created, sales tax does not calculate on the line.

You need to determine why sales tax is not calculated.

What are two possible reasons? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

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A company uses Microsoft Dynamics 365 Finance.

You need to reclassify a fixed asset.

Which three actions does the system perform when an asset is reclassified? Each correct answer presents part of the 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. Determine whether the solution meets 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 controller notices incorrect postings to the ledger entered via journal.

The system must enforce the following:

✑ Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.

✑ Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.

✑ Liability accounts (2000-2999) should not have any dimensions posted.

✑ Expense account (69 Configure an advanced rule for Expense account (6999) to require customer.

99) requires department, division, project and customer dimensions with all transactions.

You need to configure the account structure to meet the requirements.

Solution:

✑ Configure two account structures: one for liability accounts listing the (2000-2999) range with no following dimensions and one for Expense and Revenue accounts.

✑ For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all dimension columns.

✑ For Expense account (6999), configure asterisks in all dimensions. Co nfigure an asterisk and quotes in the customer dimension.

Does the solution meet the goal?

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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. Determine whether the solution meets 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 controller notices incorrect postings to the ledger entered via journal.

The system must enforce the following:

✑ Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.

✑ Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.

✑ Liability accounts (2000-2999) should not have any dimensions posted.

✑ Expense account (69 Configure an advanced rule for Expense account (6999) to require customer.

99) requires department, division, project and customer dimensions with all transactions.

You need to configure the account structure to meet the requirements.

Solution:

✑ Configure two account structures: one for liability accounts listing the (2000-2999) range with no following dimensions and one for Expense and Revenue accounts.

✑ For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all dimension columns.

✑ For Expense account (6999), configure asterisks in all dimensions. Co nfigure an asterisk and quotes in the customer dimension.

Does the solution meet the goal?

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HOTSPOT

You plan to implement Dynamics 365 Finance.

You need to configure the system to meet the following requirements:

✑ Post vendor invoices in a journal.

✑ Create payments to vendors.

✑ Post headcount transactions.

✑ Process intercompany transactions.

Which journal types should you use? 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://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-journal-types

A company uses Microsoft Dynamics 365 Finance to manage fixed assets. The company uses laptops ‘ex three years and then sells the laptops externally. You need 10 process laptop sales.

What should you do?

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CAR-1233

– At the regional distribution centers, the value for physical inventory does not match the inventory in the financial system.

– Munson’s rents their corporate office. Rent is not paid by purchase order. Rent is due once a quarter.

– Allocations are performed manually.

– Barrels are inventoried by site and warehouse.

– Munson’s has multiple depreciation and tax books for all of their fixed asset equipment.

– Budgets are posted at the department level for each legal entity.

Requirements. Sales

– Customers should be able to pre-order for fall release of pickles.

– Three-way matching must be enforced for all purchases.

– Fixed asset sale transactions require a ledger account entered at the time of transaction.

– Fixed assets purchased must be automatically created in fixed asset module. This includes inventory items and write in purchase orders/non-inventoried items.

– One dollar from every sale needs must be tracked and donated at the end of each month to a charitable organization.

– Purchasing budgets must be enforced at the main account level.

Requirements. Finance

– Accounts payable must be able to enter vendor invoices on the day they were received to be settled against when product is received.

– Accounts payable must be able to enter vendor invoices to accrue expense without specifying a purchase order at the time of entry.

– Postage expenses must be split evenly across the regional distribution centers automatically.

– Administrative expenses must be distributed across the regional distribution centers by percentage of fulfillment orders monthly.

– Pickling machines depreciation must be uniquely recorded for visibility but not post to the ledger.

Issues

– During implementation testing, User1 indicates that after packing slips are generated for purchase orders, there are no ledger postings.

– User2 indicates that fixed assets purchased on a purchase order do not show up in the Fixed Assets module.

– User3 reports that they are seeing inconsistent application of the one-dollar donation from all sales orders.

– User4 in the Canadian subsidiary is able to purchase supplies for marketing despite exceeding the marketing department budget.

– User5 reports that when purchasing a non-inventoried computer, the system is automatically assigning it to the buildings fixed asset group.

HOTSPOT

You need to determine the root cause for User1’s issue.

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

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Correct Answer:

A company uses Microsoft [Dynamics 365 Finance.

You need to configure credit holds for sales orders.

Which three options can you use to set up blocking rules? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

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HOTSPOT

A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States.

You are viewing a vendor master data record on the 1099 FastTab.

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Correct Answer:

You need to identify the root cause for the error that User5 is experiencing.

What should you check?

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