Practice Free MB-310 Exam Online Questions
DRAG DROP
A company is implementing Dynamics 365 Finance.
The company needs the ability to handle deferring revenue, reallocations, revenue schedules, and milestone-based recognition.
You need to configure the functionality.
What should you do? To answer, drag the appropriate functionality to the correct requirement. Each functionality 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.
DRAG DROP
A company is implementing Dynamics 365 Finance.
The company needs the ability to handle deferring revenue, reallocations, revenue schedules, and milestone-based recognition.
You need to configure the functionality.
What should you do? To answer, drag the appropriate functionality to the correct requirement. Each functionality 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.
You need to correct the sales tax setup to resolve User5’s issue.
Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . Populate the sales tax code on the sales order line.
- B . Assign the sales tax group to CustomerY.
- C . Assign the relevant sales tax code to both the sales tax and item sales tax groups.
- D . Populate the item sales tax group field on the sales order line.
- E . Populate the sales tax group field on the sales order line.
CDE
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview
You have implemented Dynamics 365 finance.
You must update the fiscal year to a 4-4-5 quarterly configuration.
You need to configure the fiscal year.
What should you do?
- A . Configure the period length to 12 months and adjust the ending date of each period.
- B . Set up the length of the period to 13 months.
- C . Set up the length of the period to 1 year and divide the period according to the quarterly configuration.
- D . Configure the period length to 1 year and adjust the ending date of each period.
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 company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Combine budgets from multiple legal entities to a master budget.
Does the solution meet the goal?
- A . Yes
- B . No
B
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration
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 No.
– Set the Create closing transactions during transfer option to No.
– 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
B
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
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
HOTSPOT
A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.
You need to set up cost versions and prices to accomplish the manufacturer’s goal.
For which purpose should you use each costing type? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions
DRAG DROP
A client has Accounts payable invoices in their legal entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.
You need to set up Dynamics 365 Finance to perform foreign currency revaluation.
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. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.
HOTSPOT
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,
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.
