Microsoft MB-310 Exam Questions Instant Access

Question 1

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.

ASet up invoice matching validation for vendor invoice policy.

BConfigure the vendor invoice workflow to run the policies.

CRun the policies when you post a vendor invoice by using the Vendor invoice page and when you open the

DApply the policies to invoices that were created in the invoice register or invoice journal.

Answer : B, C

https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/key-tasks-vendor-invoice-policies

Question 2

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 multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics 365 Finance.

The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Dynamics 365 Finance instead.

You need to configure the system and correctly perform eliminations.

Solution: Select Consolidate online in Dynamics 365 Finance. Include eliminations during the process or as a proposal. Set up the transactions to post in the legal entity configured for consolidations.

Does the solution meet the goal?

AYes

BNo

Answer : B

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview

Question 3

A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your client requires the ability to plan for a one-year, three-year, and five-year budget. You need to configure the various year length options to be used in the budgeting module. What should you do?

AConfigure budget control.

BConfigure budget codes.

CConfigure budget allocation terms.

DConfigure budget cycles.

Answer : B

Question 4

A company has many customers who are not paying invoices on time.

You need to use the collection letter functionality to manage customer delinquencies.

What are two possible ways to achieve the goal? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

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ACancel the collection letters after they are created and posted.

BPrint all of the collection letters.

CDelete the collection letters after posting when an error occurs.

DPost the collection letters.

Answer : B, D

http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/

Question 5

A company has implemented Dynamics 365 Finance.

The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance.

You need to configure the system to remit tax payments.

What should you do?

ASet up a customer record for the tax authority.

BAssociate the vendor record to the tax authority.

CAssociate the vendor record to The settlement period.

DSet up the jurisdiction and associate the jurisdiction to the tax authority

Answer : B

Question 6

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?

AConfigure a company matching policy of a three-way match.

BConfigure a company matching policy of two-way matching and specify the items that require a three-way match.

CConfigure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.

DConfigure a company matching policy of non-required and specify the items that require a three-way match.

EConfigure a company matching policy of two-way matching and specify the vendors that require a three-way match.

Answer : C

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-accounts-payable-invoice-matching-validation

Question 7

You need to configure the system to resolve User8's issue.

What should you select?

Athe Standard sales tax checkbox

Bthe Conditional sales tax checkbox

Ca main account in the settlement account field

Da main account in the sales tax payable field

Answer : C

Microsoft Dynamics 365 Finance Functional Consultant MB-310 Exam Questions