Microsoft MB-310 Microsoft Dynamics 365 Finance Functional Consultant Online Training
Microsoft MB-310 Online Training
The questions for MB-310 were last updated at Dec 22,2024.
- Exam Code: MB-310
- Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
- Certification Provider: Microsoft
- Latest update: Dec 22,2024
HOTSPOT
A company has delinquent customers.
You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:
• Send communication to the customers detailing their past-due invoices.
• Use the system to automatically calculate a late charges,
• Create a group of customers for a collection agent to monitor.
• View a list of customers with colored indicators of a customer’s payment status.
You need to associate the correct system functionality to manage delinquent customers based on these business requirements.
HOTSPOT
You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.
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 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 . Set up invoice matching validation for vendor invoice policy.
- B . Configure the vendor invoice workflow to run the policies.
- C . Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page.
- D . Apply the policies to invoices that were created in the invoice register or invoice journal.
HOTSPOT
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.
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 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?
- A . Delete any contact person that they have created.
- B . Deny or allow a contact person’s access to documents on the vendor collaboration interface that are specific to the vendor account
- C . View and modify contact person information, such as the person’s title, email address, and telephone number.
- D . View consignment inventory.
A client uses Dynamics 365 for Finance and Operations for accounts receivable.
You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.
Which item should you set up as mandatory?
- A . Select payment reference
- B . Select bank transaction type
- C . Select Deposit slip
- D . Select Payment ID
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.
- A . Define the maximum charge amount on the vendor record.
- B . Enter the maximum amount when you set up the charges code.
- C . Use budget control with the specified charges code.
- D . Set the maximum charge amount in the Accounts payable parameters,
- E . Enable invoice matching validation in the Accounts payable parameters.
HOTSPOT
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.
DRAG DROP
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
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.
DRAG DROP
An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15th of every month in the amount of $450.00.
You need to set up, configure, and process recurring free text invoices for the customers.
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.
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