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 21,2024.
- Exam Code: MB-310
- Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
- Certification Provider: Microsoft
- Latest update: Dec 21,2024
HOTSPOT
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
DRAG DROP
You need to setup a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization.
You need to configure the prerequisite setup for the standard costing version for the current period.
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
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.
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 . Select Account reconciliation on the bank account form
- C . Import bank statements from the Data management workspace
- D . Navigate to Import statement on the Bank Statements page of Cash and Bank Management
- E . Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file
A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 for Finance and Operations General ledger module.
Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . Configure the Fiscal year close parameters
- B . Configure the ledger calendar for the new fiscal year
- C . Configure the transfer balance
- D . Validate the main account type
- E . Create the next fiscal year
HOTSPOT
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.
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 general ledger year-end close.
- B . Configure combined deposit amounts.
- C . Configure budget appropriations.
- D . Configure advanced ledger entries.
A legal entity has locations and customers in multiple states within the United States.
You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location.
Which three settings must you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
- A . the Sales tax group on the Customer record
- B . the Terms of delivery setup
- C . the Item Sales tax group on the Item record
- D . the Sales reporting codes
- E . the Sales tax codes
You are configuring Dynamics 365 for Finance and Operations,
You need to implement posting definitions for all available transaction types.
For which type of transactions can you implement posting definitions?
- A . Accounts payable, Bank. Budget Fixed assets, and Payroll
- B . Accounts payable, Accounts receivable, Budget, and Fixed, assets
- C . Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
- D . Accounts payable, Accounts receivable. Bank. Budget, Payroll, and Purchasing
HOTSPOT
You are implementing a Dynamics 365 for Finance and Operations General ledger module for a client that has multiple legal entities.
The client has the following requirements:
• Post journal entries for all companies from one legal entity.
• Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.
• Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.
• Set up fixed or variable allocations, and then review the allocations in a journal before posting,
• Automatically post year-end results to account 30016 during year-end close.
You need to configure the system.
Which system capability should you configure? To answer, select the appropriate configuration in the answer area.
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