Practice Free MB-310 Exam Online Questions
DRAG DROP
You are configuring a Dynamics 365 Finance environment for intercompany accounting.
You create the following legal entities:
✑ Company A
✑ Company B
You need to configure intercompany accounting for both legal entities.
Which three 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. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-accounting-setup
You need to address the posting of sales orders to a closed period.
What should you do?
- A . Permanently close the period for all modules.
- B . Divide the period.
- C . Use a ledger calendar to update period status.
- D . Permanently close the fiscal year.
- E . Use a ledger calendar to update module access.
You need to address the posting of sales orders to a closed period.
What should you do?
- A . Permanently close the period for all modules.
- B . Divide the period.
- C . Use a ledger calendar to update period status.
- D . Permanently close the fiscal year.
- E . Use a ledger calendar to update module access.
Topic 7, Misc. Questions
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: Create budget plans for multiple scenarios.
Does the solution meet the goal?
- A . Yes
- B . No
A
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration
DRAG DROP
A client is implementing fixed assets in Dynamics 365 Finance.
You need to specify which parameters should be configured to meet the business requirements.
Which parameters meet the requirements? To answer, drag the appropriate parameters to the correct requirements. Each parameter 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.
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/tasks/set-up-fixed-asset-posting-profiles
https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/set-up-fixed-assets
A company uses Dynamics 365 Finance.
The company’s supplier offers a special payment term which allows the company to pay 30% within 60 days of invoicing and the remaining 70% within 180 days of invoicing. You need to configure a payment schedule.
Which payment schedule allocation method should you use?
- A . Specified
- B . Fixed Amount
- C . Total
- D . Fixed Quantity
You need to view the results of Fourth Coffee Holding Company’s consolidation.
Which three places show the results of financial consolidation? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.
- A . a financial report run against the company Fourth Coffee
- B . a trial balance in the Fourth Coffee Holding Company
- C . a trial balance in the company Fourth Coffee
- D . a financial report run against the Fourth Coffee Holding Company
- E . the consolidations form in Fourth Coffee Holding Company
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 manage a Dynamics 365 Finance implementation.
You must provide the budget versus actual reporting in near real time.
You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget.
Solution: Configure an expense dimension set. Configure the set show amounts field value to per budget cycle.
Does the solution meet the goal?
- A . Yes
- B . No
A customer uses Dynamics 365 Finance to manage budgets.
You review a customer’s budget funds available calculation and discover that the budget amounts posted two weeks ago are not reflected in the budget control check on a purchase order.
You verify that budget control is set to active.
You need to determine why the budget posted two weeks ago is not reflecting correctly.
What should you do?
- A . Verify that available budget funds are configured appropriately.
- B . Post a budget transfer to add the correct funds.
- C . Verify whether budget plans are still in draft status.
- D . Compare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting.
D
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview-configuration
You are configuring taxes in Dynamics 365 Finance for a client.
Vendor invoices require a five percent sales tax calculation. Per government rules, the client can recover only 60 percent of this five percent sales tax amount against certain commodities. The remaining 40 percent is non-recoverable.
You need to configure the sales taxes to post to the expense account.
Where should you configure the sales tax percentage?
- A . Ledger posting groups
- B . Sales tax group
- C . Tax code
- D . Item sales tax group