Practice Free MB-310 Microsoft Dynamics 365 Finance Exam Questions Answers With Explanation

You need to configure the system to meet the fiscal year requirements. What should you do?

You need to validate the sales tax postings for Tennessee and Alabama.

Which tax selections meet the requirement? To answer. select the appropriate options in the answer area

NOTE: Each correct selection is worth one point.

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.

You need to configure revenue recognition to meet the requirements.

Which configuration should you use? To answer, drag the appropriate configurations to the correct requirements. Each configuration may be used once, more than 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 address the employees issue regarding expense report policy violations.

Which parameter should you use?

You need to identify the posting issue with sales order 1234.

What should you do?

You need in BUI that captured employee mobile receipts automatic ally match the transactions to resolve the User1 issue.

Which feature should you enable?

You need to address the posting of sales orders to a closed period.

What should you do?

You need to configure settings to resolve User1’s issue.

Which settings should you use? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to configure the system to resolve User8's issue.

What should you select?

You need to prevent prohibited expenses from posting.

Which configurations should you use? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to determine why CustomerX is unable to confirm another sales order.

What are two possible reasons? Each answer is a complete solution.

NOTE: Each correct selection is worth one point.

The posting configuration for a purchase order is shown as follows:

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.

You are the controller for an organization. The company purchased six service trucks. You observe that your

accountant set up Fixed assets – vehicles in the wrong fixed asset group.

You need to achieve the following:

Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are

canceled and regenerated for the new fixed asset.

Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any information

that was set up for the original fixed asset is copied to the new fixed asset.

Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the

new fixed assets group.

Ensure that the historical transactions are transferred to the new fixed asset.

Ensure Historical Depreciation expense entries do not change.

What should you do?

You need to configure budget planning for Alpine Ski House Corporate.

Which two components should you configure? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

You need to view the results of Fourth Coffee Holding Company's consolidation.

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Which three places show the results of financial consolidation? Each correct answer presents a complete

solution.

NOTE: Each correct selection is worth one point.

You need to adjust the sales tax configuration to resolve the issue for User3.

What should you do?

You need to identify why the sales orders where sent to customers.

Which configuration allowed the sales orders to be sent? To answer, select the appropriate configuration in the answer area.

NOTE: Each correct select is worth one point.

You need to configure the expense module for reimbursement.

How should you configure the expense module? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to configure ledger allocations to meet the requirements.

What should you configure? To answer, drag the appropriate setups to the correct requirements. Each setup 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 configure the system to meet the budget preparation requirements.

What should you do? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to acquire the fixed assets that are associated with the purchase orders.

What should you do?

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

You need to configure currencies for the legal entities.

configure currencies? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to ensure accounting entries are transferred from subledgers to general ledgers.

How should you configure the batch transfer rule? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to configure the posting groups for Humongous insurance s subsidiary. Which ledger posting group field should you use?

You need to configure the fiscal year calendars for each legal entity.

How should you configure the fiscal year calendars? To answer, select me appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to resolve the issue that User4 reports.

What should you do?

You need to configure expense management tor Humongous Insurance and its subsidiary. Which options should you use? To answer select the appropriate options in me answer area

NOTE: Each correct selection is worth one point.

You need to create Trey Research s bank accounts.

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.

You need to configure credit card processing for all three companies

Which option should you use? To answer, select the appropriate options m the answer area

NOTE: Each correct selection is worth one point.

You need to prevent the issue from reoccurring for User5.

What should you do?

A company uses expense management in Dynamics 365 Finance. The company has two legal entities.

CompanyA reimburses employees for travel-related expenses. CompanyB plans to reimburse remote employees monthly for travel-related expenses. All employees are required to complete expense reports.

You need to configure the expense type that can be used for both companies. Which expense type category should you use?

The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are

purchased totaling USD1,000.

When the purchase invoice is prepared, USD10,000 is keyed in by mistake.

Which configuration determines the result for this intercompany trade scenario?

A company uses Dynamics 365 Finance for accounts receivable.

The company plans to offer the following cash discounts to customers:

• Ten percent discount when the amount is paid within 7 days.

• Five percent discount when the amount is paid within 14 days.

• Two percent discount when the amount is paid within 21 days.

You configure the cash discount codes 7D10%, 14D5%, and 21D2%. You need to assign the cash discounts in the Customer account setup. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

You need to configure Accounts Receivable to take pre-orders.

Which feature should you use?

Which configuration makes it possible for User4 to make a purchase?

You are implementing Dynamics 365 Finance. A new product is being released.

The system must track the probability of the new product by cost center and you must use the cost control workspace.

You need to configure the system.

Which option should you use? To answer, drag the appropriate option to the correct requirement. Each value 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 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.

You need to configure the system to meet invoicing requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature 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 process expense allocations.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net 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 configure credit card processing for all three companies.

Which option should you use? To answer, select the appropriate options in the answer area

NOTE: Each correct selection is worth one point.

You need to enforce financial budgets for management and resolve User As issue. What should you do?

You need to recommend a solution to prevent User3's issue from recurring.

What should you recommend?

You need to configure system functionality for pickle type reporting.

What should you use?

A rental service company hires you to configure their system to implement accrual schemes.

You need to configure the accrual schemes for this company.

Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to resolve the accounts payable manager issue and resolve the user acceptance testing bug reported by the accounts payable clerk.

How should you configure the system? To answer, move the appropriate Value to the correct Parameter. You may use each Value once, more than once, or not at all. You may need to move the split bar between panes or scroll to view content.

NOTE: Each correct selection is worth one point.

You need to set up financial reports to meet management requirements. What should you do? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

You need to resolve the issue related to monthly lease expenses.

How should you configure asset leasing? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

You need to select the functionality to meet the requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used 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 identify the root cause for the error that User5 is experiencing.

What should you check?