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MB-310 Sample Questions Answers

Questions 4

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.

Options:

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

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Questions 5

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.

To complete this task, sign in to the Dynamics 365 portal.

Options:

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Questions 6

A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements:

* Distribute overhead utility expense to each department.

* Define how and in what proportion the source amounts must be distributed on various destination lines.

You need to configure the allocation rule. Which allocation method should you use?

Options:

A.

Fixed percentage

B.

Equally

C.

Basis

D.

Fixed weight

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Questions 7

You need to ensure the promotional gifts are posted to the correct account. What should you use?

Options:

A.

Classification groups

B.

Item groups

C.

Field groups

D.

Customer credit groups

E.

Bank groups

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Questions 8

You need to configure the system to for existing purchasing contracts.

Which commitment types should you use? To answer, drag the appropriate commitment types to the correct requirements. Each commitment 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.

Options:

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Questions 9

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.

Options:

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Questions 10

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.

Options:

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Questions 11

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.

Options:

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Questions 12

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

Options:

A.

budget codes

B.

the Excel budget template

C.

set-based budget processing

D.

budgeting workflows

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Questions 13

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

Options:

A.

Sales tax receivable

B.

Use tax expense

C.

Use tax payable

D.

Sales tax payable

E.

Customer case discount

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Questions 14

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.

Options:

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Questions 15

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.

Options:

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Questions 16

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.

Options:

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Questions 17

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.

Options:

A.

The credit limit parameter is set to Balance + All.

B.

The credit limit is set to 0.

C.

An inventory item is out of stock.

D.

The inventory safety stock is set to 0.

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Questions 18

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.

Options:

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.

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Questions 19

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.

Options:

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Questions 20

You need to configure settings to resolve User8’s issue.

What should you select?

Options:

A.

a main account in the sales tax payable field

B.

a main account in the settlement account field

C.

the Conditional sales tax checkbox

D.

the Standard sales tax checkbox

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Questions 21

You need to reconfigure the taxing jurisdiction for Humongous insurance's subsidiary What should you do?

Options:

A.

Configure sales tax groups for transactions that occur in China.

B.

Configure dual currency support for sales fax

C.

Change the reporting currency.

D.

Change the sales tax settlement period authority

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Questions 22

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.

Options:

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

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Questions 23

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

Which feature should you enable?

Options:

A.

Show receipts during itemization

B.

Define expense policy for receipts

C.

Expense management workspace

D.

Expense reports re-imagined

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Questions 24

You need to assist User3 with generating a deposit slip to meet Fourth Coffee's requirement.

Which five 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.

Options:

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Questions 25

You need to prevent a reoccurrence of User2’s issue.

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

NOTE: Each correct selection is worth one point.

Options:

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Questions 26

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

What should you select?

Options:

A.

the Standard sales tax checkbox

B.

the Conditional sales tax checkbox

C.

a main account in the settlement account field

D.

a main account in the sales tax payable field

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Questions 27

You need to troubleshoot the reporting issue for User7.

Why are some transactions being excluded?

Options:

A.

User7 is running the report in CompanyB.

B.

User7 is running the report in CompanyA.

C.

The report is correctly excluding CustomerY transactions.

D.

The report is correctly excluding CustomerZ transactions.

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Questions 28

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.

Options:

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Questions 29

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.

Options:

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Questions 30

You need to ensure that User9's purchase is appropriately recorded.

Which three steps should you perform? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Options:

A.

Select a fixed asset group at the line level.

B.

Set the new fixed asset toggle to yes at the line level.

C.

Enter three purchase order lines, enter quantity of 1.

D.

Enter one purchase order line, enter quantity of 3.

E.

Select a financial dimension at the line level.

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Questions 31

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,

Options:

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.

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Questions 32

A company uses Dynamics 365 Finance.

You need to use the advanced bank reconciliation feature to reconcile bank transactions.

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.

Options:

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Questions 33

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 one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions.

The client has the following requirements:

  • Only expense accounts require dimensions posted with the transactions.
  • Users must not have the option to select dimensions for a balance sheet account.

You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.

Solution: Configure two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.

Does the solution meet the goal?

Options:

A.

Yes

B.

No

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Questions 34

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 customer uses Dynamics 365 Finance.

The controller notices incorrect postings to the ledger entered via journal.

The system must enforce the following:

  • Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.
  • Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.
  • Liability accounts (2000-2999) should not have any dimensions posted.
  • Expense account (6999) requires department, division, project and customer dimensions with all transactions.

You need to configure the account structure to meet the requirements.

Solution:

  • Configure one account structure.
  • Configure an advanced rule for Liability accounts (2000-2999) not to display any dimensions when selected.
  • Configure an advanced rule for Expense account (6999) to require customer.
  • Configure the structure with all dimension fields containing quotations.

Does the solution meet the goal?

Options:

A.

Yes

B.

No

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Questions 35

A company implements basic budgeting functionality The company wants to achieve the following:

• Distribute budget amounts across financial dimensions.

• Require an approval workflow for budget

• Approve a specific set of budget entries.

You need to configure the required basic budgeting functionality.

Which functionalities should you configure?

To answer, select the appropriate options in the answer area

NOTE: Each correct answer is worth one point.

Options:

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Questions 36

You need to identify the root cause for the error that User5 is experiencing.

What should you check?

Options:

A.

Fixed asset rules

B.

Fixed asset determination rules

C.

Fixed asset posting profiles

D.

Fixed asset books

E.

Fixed asset depreciation profiles

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Questions 37

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.

Options:

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Questions 38

You need to configure system functionality for pickle type reporting.

What should you use?

Options:

A.

item model groups

B.

item groups

C.

procurement category hierarchies

D.

financial dimensions

E.

procurement categories

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Questions 39

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

Which feature should you use?

Options:

A.

Settle cloud transactions

B.

Accounting source explorer

C.

Settle open transactions

D.

Customer aging report

E.

Voucher transactions

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Questions 40

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.

Options:

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Questions 41

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.

Options:

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Questions 42

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.

Options:

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Questions 43

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

What should you recommend?

Options:

A.

Configure automatic charge codes.

B.

Create a service item.

C.

Configure a sales order template.

D.

Create a procurement category.

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Questions 44

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

Options:

A.

Budget model configuration is configured to allow certain purchases to exceed budget.

B.

Budget is posted at the dimension level. Budget control is managed at main account level.

C.

Budget funds available are configured to allow dimension budget overrides.

D.

Budget is posted at the main account level. Budget control is managed at the department level.

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Exam Code: MB-310
Exam Name: Microsoft Dynamics 365 Finance
Last Update: Dec 2, 2023
Questions: 235
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