Microsoft MB-310 Microsoft Dynamics 365 Finance Exam Practice Test

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 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 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.

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.

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

What should you select?

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.

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.

You need to troubleshoot the reporting issue for User7.

Why are some transactions being excluded?

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

What should you select?

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 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.

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 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 prevent the issue from reoccurring for User5.

What should you do?

You need to resolve the issue that User4 reports.

What should you do?

Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future

You need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.

What should you do?

You are implementing Dynamics 365 Finance.

You must configure a more accurate cash flow forecast related to sales tax. The sales tax calculation should b e based on the expected transaction amounts and dates.

You need to configure the cash flow forecast.

Which setup should you use?

You are implementing Dynamics 365 Finance.

You need to enable electronic fund transfers (EFT) for vendors.

Which three steps must you complete? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor

contact.

You need to assign the Vendor (external) role to this vendor.

Which tasks can this vendor perform?

You are configuring the Accounts payable module for a company.

The company needs to set a limit on the charges they will pay for specific items.

You need to set up the limit for charges.

Which two actions should you perform? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

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 two account structures: one for liability accounts listing the (2000-2999) range with no following dimensions and one for Expense and Revenue accounts.

For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all dimension columns.

For Expense account (6999), configure asterisks in all dimensions. Configure an asterisk and quotes in the customer dimension.

Does the solution meet the goal?

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 default financial dimensions on expense accounts only.

Does the solution meet the goal?

A company plans to configure costing versions in Dynamics 365 Finance for its annual cost review process. The company must be able to do the following:

• Analyze changes to material and labor costs before applying them to inventory valuation.

• Maintain full manual control over cost values during this process.

• Ensure cost records are reviewed and approved before activation.

• Avoid automatic cost calculations based on the costing sheet.

You need to configure a costing version to support the business requirements.

How should you complete the configuration? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

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: Select organization hierarchy from the Configure my workspace form. Set an expense budget threshold percent.

Does the solution meet the goal?

You are setting up the Accounts payable module and vendor invoice policies for an organization.

You need to set up vendor invoice policies that run when vendor invoices are posted in the system.

In which two ways can you set up the policies? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

A company uses Dynamics 365 Finance.

The company has decided to implement basic budgeting to track budgeted versus actual amounts.

You need to configure the system to track and identify budget transactions and set up controls on budget balance updates.

What should you define?

You are configuring the Fixed assets module for a Dynamics 365 Finance and Operations environment,

You need to set up the basic configuration to create a fixed asset Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

You need to set up legal entity currencies and conversions in Dynamics 365 Finance.

You review the hierarchy for consolidation of multiple legal entities.

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 configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities:

CompanyA

CompanyB

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.

A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days and a discount of one percent if it is paid in 14 days.

You need to create a payment journal when the invoices are settled on specific dates.

Which setup 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 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 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 configure system functionality for pickle type reporting.

What should you use?

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

What should you recommend?

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

What should you check?

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.

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

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

Which feature should you use?

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

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 identify the posting issue with sales order 1234.

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 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 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 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 address the employees issue regarding expense report policy violations.

Which parameter should you use?

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 posting of sales orders to a closed period.

What should you do?

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

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.