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 20,2024.
- Exam Code: MB-310
- Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
- Certification Provider: Microsoft
- Latest update: Dec 20,2024
You need to identify the posting issue with sales order 1234.
What should you do?
- A . Correct the recognition basis.
- B . Validate that the revenue recognition schedule is populated on the sales order header.
- C . Update the revenue price allocation.
- D . Validate that the revenue recognition schedule is populated on the sales order line.
- E . Correct the recognition convention.
You need to address the posting of sales orders to a closed period.
What should you do?
- A . Permanently close the period for all modules.
- B . Divide the period.
- C . Use a ledger calendar to update period status.
- D . Permanently close the fiscal year.
- E . Use a ledger calendar to update module access.
HOTSPOT
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.
Topic 5, First Up Consultants
Overview
This is a case study Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam m the time provided.
To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.
At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section-To start the case study.
To display the first question in this case study, dick the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an AM Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question click the Question button to return to the question.
Background
First Up Consultants is a global finance and accounting company.
Financial needs at organizations ate constantly changing. When global companies become too large, it becomes too difficult for them to scale to meet then global operational needs. First Up Consultants provides "Finance as a Service’ capabilities.
Some large corporations complement their existing finance staff by engaging select services of First Up Consultants. Other large corporations outsource then entire finance operation to First Up Consultants.
First Up Consultants has hundreds of customers at any time. One such customer, humongous Insurance, is updating Its Dynamics Finance 365 implementation Another customer, Trey Research, is setting up its first Dynamics 365 Finance implementation.
Ledger
Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December M. Humongous insurance reports across an its subsidiaries in consolidated financial reports. Trey Research is a Canadian-based company that operates its fiscal year from April 1 to March 31. Humongous Insurance employees receive an annual cost of living increase.
Requirements
• One of Humongous Insurance’s companies provides insurance to government clients and must separate that particular company into its owm subsidiary.
• The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31. – Transitions must be posted in the business of record.
• Humongous insurance s subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.
• Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.
Taxes
• As part of the spinoff to a subsidiary, Humongous Insurance s subsidiaries taxes must be changed from US government rates to Chinese government rates.
• Humongous Insurance’s subsidiary must track use taxes that are not claimed or reported to the Chinese tax agency.
Fiscal calendars
You must create three new fiscal calendars
• A fiscal calendar named FebJan that runs from Feb 1 to Jan 31.
• A fiscal calendar named AprMar that runs from April 1 to March 31.
• A fiscal calendar named JanDec that runs from January 1 to December 31.
Accounts
• Trey Research most track bank account balances and transactions for each province in which it operates.
• The bank statement must be sent to the physical address of the home office.
Promotion
• Humongous insurance s subsidiary plans to celebrate its new subsidiary status by sending out free gifts to existing policy based on the Tier of their policy.
• Promotional Items are ordered for distribution and once received must be Tracked within Dynamics 365 Finance.
Reporting
• The CEO of Humongous Insurance needs to view the insurance products that customers plan to purchase. The report must show all transactions made over the last two years.
• The corporate vice president of Humongous Insurance s subsidiary needs to view the forecasted cash impact of specific products purchased. The report must show only new transactions.
Expenses
Expenses must be pain using the following requirements:
Credit card processing
• Humongous Insurance requires all credit card transactions to include line-item details.
• Humongous Insurance’s subsidiary requires the shipping address merchant address, and lax information but cannot include any order line details.
• Trey Research requires all credit card transactions include transaction date, transaction amount, description, and line-item details.
Compliance and compensation
• Trey Research must be able to audit any modifications to its budget
• Humongow Insurance employees must receive raises tour times pet budget cycle.
You need to reconfigure the taxing jurisdiction for Humongous insurance’s subsidiary.
What should you do?
- 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
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
- A . budget codes
- B . the Excel budget template
- C . set-based budget processing
- D . budgeting workflows
You need to configure the posting groups for Humongous insurance s subsidiary.
Which ledger posting group field should you use?
- A . Sales tax receivable
- B . Use tax expense
- C . Use tax payable
- D . Sales tax payable
- E . Customer case discount
HOTSPOT
You need to configure currencies for the legal entities.
How should you configure currencies? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
DRAG DROP
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.
HOTSPOT
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.
HOTSPOT
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.
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