Practice Free MB-310 Exam Online Questions
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations, They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Create a separate company in which you manually create the eliminations. Then, use that company in Financial reporting or in the consolidation process.
Does the solution meet the goal?
- A . Yes
- B . No
A
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
You need to ensure Trey Research meets the compliance requirement.
Which budget technology should you implement? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point
- A . budget codes
- B . the Excel budget template
- C . set-based budget processing
- D . budgeting workflows
You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank. You must prevent the bank account from going below the defined credit limit when a transaction is posted. You need to configure the bank account credit limit.
What should you do?
- A . Add $100,000 in the bank credit limit.
- B . Define a credit limit of $100,000 on the invoicing vendor account.
- C . Set the Control Balance option to credit in the General ledger account associated with the bank account.
- D . Add -$100,000 in the bank credit limit.
A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders.
You need to automatically calculate sales tax when the sales order is created.
Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . Assign values to the sales tax codes and assign the sales tax codes to the sales tax group associated to the customer.
- B . Assign all sales tax codes to the item sales tax group associated to the item being sold.
- C . Set up a default item sales tax group on the item being sold and set up a default sales tax group on the
customer used on the sales order. - D . Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold.
- E . Set up a default sales tax code on the customer used on the sales order and set up a default item sales tax group on the item being sold.
ABE
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview
A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders.
You need to automatically calculate sales tax when the sales order is created.
Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . Assign values to the sales tax codes and assign the sales tax codes to the sales tax group associated to the customer.
- B . Assign all sales tax codes to the item sales tax group associated to the item being sold.
- C . Set up a default item sales tax group on the item being sold and set up a default sales tax group on the
customer used on the sales order. - D . Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold.
- E . Set up a default sales tax code on the customer used on the sales order and set up a default item sales tax group on the item being sold.
ABE
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview
Manual entry of currency exchange rates must be discontinued. Currency exchange rates must use the current rate values provided by the European Central Bank. The exchange rate entries and updates must be automated.
You need to configure the system.
Which two options should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . Configure the exchange rate provider
- B . Run currency revaluation
- C . Create the currencies
- D . Configure dual currency
- E . Run the import currency exchange rate process
AE
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/import-currency-exchange-rates
A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses.
The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.
You need to configure the system to accrue use tax for the new vendor.
Which three actions should you take? Each correct answer presents part of the solution. NOTL Each coned selection is worth one pant.
- A . Create a new tax group for the use tax.
- B . Create a new tax code for the use tax.
- C . Configure the use tax payable for the main account into the ledger posting group.
- D . Add a tax code to the tax group with the use tax option set to Yes.
- E . Create a new tax authority for the use tax.
- F . Add a tax code to the item sales tax group.
- G . Create a new settlement period for the use tax.
You are configuring Dynamics 365 for Finance and Operations,
You need to implement posting definitions for all available transaction types.
For which type of transactions can you implement posting definitions?
- A . Accounts payable, Bank. Budget Fixed assets, and Payroll
- B . Accounts payable, Accounts receivable, Budget, and Fixed, assets
- C . Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
- D . Accounts payable, Accounts receivable. Bank. Budget, Payroll, and Purchasing
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.
DRAG DROP
You are a controller in an organization. You are identifying cost drivers to see how changes in business activities affect the bottom line of your organization. You need to assess cost object performance to analyze actual versus budgeted cost and how resources are consumed.
You need to demonstrate your understanding of cost accounting terminology.
Which component maps to the cost accounting terminology? To answer, drag the appropriate component to the correct cost accounting terminology. Each source may be used once. 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/cost-accounting/terms-cost-accounting