Practice Free MB-310 Exam Online Questions
DRAG DROP
A customer implements Dynamics 365 Finance You need to configure bank reconciliation settings.
What should you do? To answer, drag the appropriate configuration options to the correct requirements. Each configuration option may be used once, more than once, or not at all you may need to drag the spirt bar between panes or scroll to view content. NOTS: Each correct selection is worth one point.
A company manufactures air filtering units few industrial manufacturing plants.
During the acquisition of one of the components that is used in the unit, an agreement is reached that the $25. 000 component mil be paid for in the following schedule:
• The first payment will be $10,000
• The remaining balance will be distributed equally and due on the 15m of the month for the next three months.
You need to configure the system for the payment schedule.
What should you do?
- A . Enter $25,000 in the Amount of Transaction Quantity field.
- B . Use the Specified allocation method.
- C . Set the Fixed allocation method Rued Amount field lot the monthly amount.
- D . Specify a fixed quantity payment of 5.
A company is setting up a budget control system to improve financial management.
The company completes the following initial steps:
• Defined financial dimensions
• Set default time intervals
• Configured basic budgeting parameters
The company requires the budget control functionality to monitor and compare the actual expenditures to the budgeted amounts.
You need to configure the budget control configuration linked to the budgeted amount so that the system can effectively monitor and compare actual expenditures to budgeted amounts.
What should you do next?
- A . Define the calculation formula for budget funds available, including draft documents.
- B . Assign budget models to the budget cycle time spans.
- C . Specify user groups with permissions to exceed the budget
A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.
You need to configure the client’s system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:
• Include the main account and all four dimensions.
• Include the main account and only the business unit and cost center dimensions.
What should you configure?
- A . two account structures
- B . all financial dimensions by using the group dimension functionality
- C . two financial dimension sets
- D . two derived financial dimension hierarchies
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
You need to configure recognition.
Which revenue type is associated with the line of business? To answer, drag the appropriate revenue types to the correct lines of business. Each revenue type 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.
An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure.
The organization has the following requirements:
✑ Set up restrictions on the account type and segment values.
✑ Capture data accurately for offset accounts, currency, and financial dimensions.
✑ Maintain internal control and establish materiality limits.
You need to set up journal name elements to meet these requirements.
Which three journal elements should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . workflow approval
- B . account type
- C . journal type
- D . default values
- E . journal control
ADE
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing
A company uses Dynamics 365 Finance for sales tax calculation and reporting.
You have configured the sales tax code, sales tax group, and item sales tax group:
The JAX sales tax group includes the following tax codes:
• Jacksonville
• Duval CT
• FL
• FL Special 1
• FL Special 2
• FL Special 3
• FL Special 5
The default item sales tax group includes the following tax codes:
• Jacksonville
• Duval CT
• FL
• FL Special 1
• FL Special 2
• FL Special 3
• FL Special 4
• Lake Worth
• Palm Beach CT
You assign the JAX sales tax group as the sales tax group, and default item sales tax group on the sales order. You need to select the tax code used for tax calculation on the sales order.
What should you choose?
A)
B)
C)
D)
- A . Option A
- B . Option B
- C . Option C
- D . Option D
A company uses Dynamics 365 Finance for budget control.
The company completes the budget control setup and activates the feature. The budget register entries that were posted before turning on budget control are not included in the list of entries.
You need to include the entries posted before budget control was activated.
What should you do?
- A . Update the balances for budget register entries that were excluded.
- B . Manually trigger a budget control check.
- C . Deactivate budget control and set it up again.
- D . Use budget control data maintenance to reprocess the entries.
HOTSPOT
A company implements Dynamics 365 Finance. The company has six departments for budget planning purposes.
The company is budget planning and requires the following scenarios:
• A previous year budgeted scenario will be generated by the finance department.
• The baseline scenario will be generated based on the previous year budget scenarios with some increase.
• A baseline scenario will be sent to each department to review.
• Department requested scenarios will be keyed in by a department manager based on their review of the baseline scenario.
• Department requested scenarios will be aggregated back to the finance department, so finance can see the total budget requested.
• Finance will approve the final budget in Department approved scenario.
You need to configure allocation schedules to populate a baseline column for each department in the review process.
How should you configure budget planning? To answer, select the appropriate options in the answer area. NOTE: Each correct selectin is worth one point.
