The Best MB-310 Exam Study Material and Preparation Test Question Dumps
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Microsoft MB-310 certification exam is designed for individuals who have a strong understanding of Microsoft Dynamics 365 Finance and its functionality. MB-310 exam is intended for finance professionals who want to validate their expertise in configuring, managing, and implementing financial management solutions using Dynamics 365 Finance.
Microsoft MB-310 exam is an excellent opportunity for functional consultants and other professionals who work with Microsoft Dynamics 365 Finance to demonstrate their expertise in financial management and accounting practices. By passing MB-310 exam, candidates can gain a competitive edge in the job market and increase their earning potential. So, if you're looking to advance your career in functional consulting or financial management, the MB-310 exam is definitely worth considering.
NEW QUESTION # 99
Hotspot Question
A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials.
The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.
You need to set up cost versions and prices to accomplish the manufacturer's goal.
For which purpose should you use each costing type? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions
NEW QUESTION # 100
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,
Answer:
Explanation:
NEW QUESTION # 101
You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight invoice to be paid to the vendor and record the expense in main account 600120 - Freight In.
Answer:
Explanation:
NEW QUESTION # 102
You need to configure system functionality for pickle type reporting.
What should you use?
- A. item model groups
- B. procurement category hierarchies
- C. procurement categories
- D. financial dimensions
- E. item groups
Answer: E
NEW QUESTION # 103
You are processing checks in Dynamics 365 Finance for a client.
You need to identify the outcome of the processed checks.
What is the check status for each scenario? To answer, drag the appropriate check statuses to the scenarios. Each check status 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.
Answer:
Explanation:
NEW QUESTION # 104
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 customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.
You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.
Solution: Configure item posting groups for purchase requisitions.
Does the solution meet the goal?
- A. Yes
- B. No
Answer: B
NEW QUESTION # 105
A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their
5,000 stocked items from a specific vendor.
The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.
You need to configure the system in the most efficient manner to achieve these requirements.
What should you do?
- A. Configure a company matching policy of a three-way match.
- B. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.
- C. Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.
- D. Configure a company matching policy of non-required and specify the items that require a three-way match.
- E. Configure a company matching policy of two-way matching and specify the items that require a three-way match.
Answer: C
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-accou
NEW QUESTION # 106
An organization acquires a building.
You need to register and record the building as an asset building in Dynamics 365 Finance and Operations.
What are three possible ways to achieve the goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
- A. Select an acquisition transaction type within a fixed asset journal
- B. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal
- C. Use the sales order process to acquire the asset
- D. Eliminate the project to a fixed asset
- E. Create a sales invoice to record and register the fixed asset
Answer: A,B,D
Explanation:
Section: Topic 4, Manage budgeting and fixed assets
NEW QUESTION # 107
A company uses Dynamics 365 Finance. The company induces sot departments that participate in the budget planning process.
The finance department generates a previous year budget scenario You must generate a new baseline scenario that is based on the previous year's budget scenario.
Department managers must be able to enter their budget requests in the baseline scenario. Al department requests must be made available to the finance department so that they can determine the total budget funds requested and approve the budget scenario You need to configure the allocation schedule.
How should you configure the schedule for the baseline scenario? To answer, select the appropriate options in the dialog box in the answer area NOTE: Each correct selection worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION # 108
You are setting up a budget plan to accurately portray the projected budget for a company.
You need to select the appropriate allocation method for data distribution.
Which allocation methods should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allo
NEW QUESTION # 109
A client wants to use Dynamics 365 Finance invoice validation functionality.
You need to recommend the invoice validation functionality that meets their requirements.
Which functionality should you recommend for each requirement? 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.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-matching-validation
NEW QUESTION # 110
A rental service company with complex accrual requirements has accrual schemes set up in its implementation. They want to use defined accrual schemes to perform transactions.
You need to use an accrual scheme to create transactions for this company.
Which actions should you perform? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
NEW QUESTION # 111
A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting.
Which set of actions must you perform?
Which set of actions must you perform?
- A. Option D
- B. Option C
- C. Option A
- D. Option B
Answer: A
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/basic-budgeting-overview
NEW QUESTION # 112
A company uses Dynamics 365 Finance to manage the budget planning process.
The company wants to create a new budget planning process while using the existing budget planning configuration.
You need to create and configure a working budget planning process.
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.
Answer:
Explanation:
Explanation:
NEW QUESTION # 113
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 company uses Dynamics 365 Finance.
The customer payment journal must only be available for selection by the accounts receivable user group.
You need to configure the accounts receivable journal name to meet the requirement.
Solution: Configure the journal approval.
Does the solution meet the goal?
- A. Yes
- B. No
Answer: A
NEW QUESTION # 114
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 with department, division, project and customer dimensions.
* Configure asterisks in all columns for Expense accounts (6000-6999), Revenue accounts (4000-4999), and Liability accounts (2000-2999).
Does the solution meet the goal?
- A. Yes
- B. No
Answer: B
Explanation:
Explanation
As asterisk in all dimension columns would mean that a value must be configured for all dimensions.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures
NEW QUESTION # 115
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-fi
NEW QUESTION # 116
You are implementing Dynamics 365 Finance.
Sales tax payable must be posted to the same collection of accounts across all legal entities. You need to configure the sales tax. What should you use?
- A. Posting group
- B. Tax group
- C. Tax jurisdiction
- D. Use tax payable account
Answer: A
NEW QUESTION # 117
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