Latest MB-310 Pass Guaranteed Exam Dumps Certification Sample Questions
New MB-310 Test Materials & Valid MB-310 Test Engine
Detailed Exam Overview
The Microsoft MB-310 test is 150 minutes long and has about 40-60 questions. The exam format includes multiple-choice questions and other variants available in the Microsoft certification tests. The list of the possible types is in the FAQ section on the official webpage. It is known to be available to the students in the English language. The passing score is about 700 out of 1000 points, so try to earn more than that. The test is taken at a price of $165 in the United States. The applicants in other countries might be required to pay more.
NEW QUESTION 10
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 11
An organization uses Dynamics 365 Finance.
Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting.
You need to prevent these invalid combinations.
What should you do?
- A. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.
- B. Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.
- C. Configure the account structure to specify which financial dimensions are valid for which main accounts.
- D. Associate the correct main accounts to that financial dimension on the financial dimension setup form.
Answer: C
Explanation:
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/configure-account- structures
NEW QUESTION 12
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?
- A. Use journal control to specify which account types are valid for the General ledger journal.
- B. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
- C. Configure the voucher series associated with this journal to allow only ledger account types.
- D. Create a journal template that has ledger as the account type and offset account type.
Answer: B
Explanation:
Section: Topic 2, Manage and apply common processes
NEW QUESTION 13
You are configuring the Fixed assets module for a Dynamics 365 Finance environment.
You need to create a fixed asset.
Which two settings are required? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. the type
- B. the name
- C. the group
- D. the number sequence
- E. the property type
Answer: B,C
Explanation:
The type and number sequence are configured in the group so you don't need to enter those values.
Reference:
https://ellipsesolutions.com/dynamics-365-finance-operations-fixed-asset-acquisition-options/
NEW QUESTION 14
A client is using Dynamics 365 Finance for sales order processing and accounts receivable. The client has two customer groups and two Accounts receivable trade accounts. Foreign customers in Group 80 are assigned to account 12001. Domestic customers in Group 40 are assigned to account 12000.
You are viewing the client's current setup of Customer posting profiles.
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.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/customer-posting-profiles
NEW QUESTION 15
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?
- A. No
- B. Yes
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures
NEW QUESTION 16
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.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/create-a-deposit-slip
NEW QUESTION 17
You are a functional consultant for Contoso Entertainment System USA (USMF).
USMF recently opened a new bank account in the Brazilian currency.
You need to create a new bank account in the system for the new bank account.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below.
Explanation
1. Create a new bank account at Cash and bank management > Bank accounts > Bank accounts.
2. Complete all required fields. The following list includes some fields that might be required.
* Bank account (code)
* Bank account number
* Main account - This is the general ledger account that is used for posting.
* Currency
* SWIFT code
3. Enter Brazil-specific information:
* Select Bank in the Bank groups field. Confirm that the BIC and Corr. Bank account fields are correct.
Also, confirm Address and Contact information on respective FastTabs and update accordingly.
* Define the number series for payment order generation in the P/O numeration field.
* For bank accounts in foreign currency, you can also define .docx templates for generation of payment orders in paper format in the following fields: Payment order in currency, Order template (currency
* sale), and Order template (currency purchase).
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/localizations/rus-local-settings-requisites-bank-module
NEW QUESTION 18
A client uses the standard trial balance in Dynamics 365 Finance.
The client has the following requirements:
* ability to run the trial balance by main account, department, and division
* ability to run the trial balance by just main account and department
You need to ensure that these options are visible in the trial balance report parameters.
What should you configure?
- A. account structure
- B. financial dimensions for department and division
- C. ledger validation
- D. financial dimension sets
Answer: D
Explanation:
Explanation/Reference:
Implement and manage accounts payable and receivable
Question Set 1
NEW QUESTION 19
A client wants to ensure that transactions posted to the General Ledger have the correct combination of account number and dimensions.
The Services Industry P&L Account Structure has the following information:
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.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures
NEW QUESTION 20
A client confirms a safes order in Dynamics 365 for Finance and Operations. You are viewing the confirmed sales order.
Answer:
Explanation:
Explanation
NEW QUESTION 21
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.
Answer:
Explanation:
Explanation
NEW QUESTION 22
You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts, The company wants to import their bank statements.
You need to import electronic bank statements to reconcile the bank accounts.
Which three actions can you perform? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
- A. Select all the bank accounts for the bank statement files, and then upload all files.
- B. Navigate to Import statement on the Bank Statements page of Cash and Bank Management.
- C. Select import statement for multiple bank accounts in all legal entities, and then upload a zip file.
- D. Import bank statements from the Data management workspace.
- E. Select Account reconciliation on the bank account form.
Answer: C,D,E
NEW QUESTION 23
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 are configuring the year-end setup in Dynamics 365 for Finance and Operations.
You need to configure the year-end setup to meet the following requirements:
* The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.
* The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
* All dimensions from profit and loss must carry over into the retained earnings.
* All future and previous periods must have an On Hold status.
Solution:
* Configure General ledger parameters.
- Set the Delete close of year transactions option to No.
- Set the Create closing transactions during transfer option to No.
- Set the Fiscal year status to permanently closed option to No.
* Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions' option to Close All.
* Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
NEW QUESTION 24
A company makes frequent payments to its vendors by using various due dates and discounts.
You need to set up and create a vendor payment by using a payment proposal.
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:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/tasks/vendor-payment-overview
NEW QUESTION 25
A private sector client needs item groups set up to support the procurement process.
The Audio Item group posting for a purchase order is configured as shown:
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.
Answer:
Explanation:
Explanation
NEW QUESTION 26
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 a posting definition for purchase orders.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/example-posting-definitions
NEW QUESTION 27
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-allocation
NEW QUESTION 28
A customer plans to implement invoice validation policies.
You need to recommend the features needed to meet each of the customer's requirements.
What should you recommend? 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.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-
NEW QUESTION 29
A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 for Finance and Operations for cash settlements. What should you do?
- A. Configure combined deposit amounts.
- B. Configure general ledger year-end close.
- C. Configure budget appropriations.
- D. Configure advanced ledger entries.
Answer: B
NEW QUESTION 30
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.
Answer:
Explanation:
Explanation
NEW QUESTION 31
You are a Dynamics 365 Finance and Operations functional consultant A legal entity processes and settles vendor payments :on behalf of other legal entities in an organization.
You need to configure the centralized payment flow for the legal entity.
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:
1 - Set up an intercompany account and create the organizational hierarchy for centralized payments.
2 - Map vendor accounts across all legal entities.
3 - Set up posting profiles for centralized payments.
4 - Set up methods of payment for centralized payments.
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up-centralized-payments
NEW QUESTION 32
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.
- A. An inventory item is out of stock.
- B. The credit limit parameter is set to Balance + All.
- C. The inventory safety stock is set to 0.
- D. The credit limit is set to 0.
Answer: A,B
Explanation:
Explanation/Reference:
Manage budgeting and fixed assets
Question Set 1
NEW QUESTION 33
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning.
You need to invoke allocations at a specific budget planning stage.
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.
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allocation
NEW QUESTION 34
A client uses the standard trial balance in Dynamics 365 Finance.
The client has the following requirements:
* ability to run the trial balance by main account, department, and division
* ability to run the trial balance by just main account and department
You need to ensure that these options are visible in the trial balance report parameters.
What should you configure?
- A. account structure
- B. financial dimensions for department and division
- C. ledger validation
- D. financial dimension sets
Answer: D
Explanation:
Explanation
NEW QUESTION 35
......
The candidates for the Microsoft MB-310 exam must understand its content before attempting to pass it. It is recommended that they go through the official website for the updated details at the point of preparing for the test. The topics covered within the domain of the certification exam are highlighted below:
Defining and Configuring Financial Management (50-55%):
- Define & configure charts of accounts: this objective requires that the applicants demonstrate competence in defining and configuring charts of accounts & main accounts; explain the use cases for main accounts categories, balance control accounts, and ledger account aliases; configuring financial dimension & dimension sets; configuring legal entity overrides for main accounts and financial dimensions; creating and configuring account structures & advanced rules;
- Configure currencies & ledgers: the candidates should be able to construct fiscal years, periods, and calendars; configure ledgers; explain and configure the batch transfer rules; configure conversions and currencies for legal entities; configure the currency exchange rate providers; enter the currency exchange rates manually;
- Configure, collect, and report taxes: the learners need to show competence in configuring tax groups, settlement periods, jurisdiction, and tax codes; configuring tax ledger posting groups; preparing the periodic filings, such as year-end tax reporting.
- Manage & implement bank and cash: this topic covers competence in creating and maintaining bank accounts and bank groups; explaining and configuring electronic payment options; configuring and processing bank reconciliations such as advanced bank reconciliations; configuring cash flow reports;
- Perform periodic processes: this section requires competence in configuring closing schedule and financial period workspace; defining and demonstrating year-end processes and periodic closing processes; performing elimination processes and financial consolidation; configuring the allocation terms for main accounts; creating and processing ledge allocation policies; implementing the revaluation processes for foreign currency; creating and managing financial reports, including report definitions, row, and column;
- Implement cost management & cost accounting: the potential candidates should have the skills in explaining cost accounting terms and processes; configuring cost accounting procedures; creating cost accounting reports with the use of the Cost Accounting Report wizard; explaining and configuring indirect costs and costing sheet.
- Manage & implement journals: this subtopic covers the skills in explaining options for the implementation of the voucher numbers within journals; configuring journal names; setting up journal controls & posting limitation rules; explaining and configuring journal approvals; creating voucher templates; explaining use cases for periodic journals; setting up inter-company accounting; configuring and applying accrual schemes;
The area will also measure one’s skills in configuring cost groups and cost objects, implementing inventory costing versions, differentiating between the inventory costing methodologies, configuring posting profiles and item groups, as well as performing adjustment processes and inventory closing.
Microsoft MB-310 Practice Test Questions, Microsoft MB-310 Exam Practice Test Questions
The Microsoft MB-310 exam is one of the requirements for earning the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification. It is designed to validate the skills and competence of the candidates in analyzing the business requirements and translating the same into accomplished business solutions and processes that use the industry best practices. The individuals who pass this test and the related one will be awarded the associate-level certificate.
MB-310 Sample with Accurate & Updated Questions: https://www.actual4test.com/MB-310_examcollection.html
MB-310 Updated Exam Dumps [2021] Practice Valid Exam Dumps Question: https://drive.google.com/open?id=1jc_LPC8fYCBNaNF_3iFYv2m0-fg3_65V