Microsoft Dynamics 365 Finance Functional Consultant MB-310 Exam Questions

An organization plans to set up intercompany accounting between legal entities within the organization.

Automatic transactions between legal entities must meet the following requirements:

Provides systemwide integration and streamlining to save time

Minimizes errors and create an audit trail with full visibility into business activities and transaction histories within the legal entities

You need to set up intercompany accounting and create pairs of legal entities that can transact with each other, clearly defining the originating company and the destination company.

Which three actions should you perform? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

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 company uses Dynamics 365 Finance for sales tax calculation and reporting. You have configured the sales tax code, sales tax group, and item sales tax group: The JAX sales tax group includes the following tax codes:

* Jacksonville

* Duval CT

* FL

* FL Special 1

* FL Special 2

* FL Special 3

* FL Special 5

The default item sales tax group includes the following tax codes:

* Jacksonville

* Duval CT

* FL

* FL Special 1

* FL Special 2

* FL Special 3

* FL Special 4

* Lake Worth

* Palm Beach CT

You assign the JAX sales tax group as the sales tax group, and default item sales tax group on the sales order. You need to select the tax code used for tax calculation on the sales order.

What should you choose?

A)

B)

C)

D)

A customer uses bank reconciliation functionality In Dynamics 365 Finance.

The customer finds a transaction in a closed fiscal period that must be corrected.

You need to correct the transaction.

How should you nuke this correction?

You are implementing Dynamics 365 Finance.

Sales tax payable must be posted to the same collection of accounts across all legal entities. You need to configure the sales tax. What should you use?

You need to enforce financial budgets for management and resolve User As issue. What should you do?

You are implementing cost management in Dynamics 365 Finance for a company.

The company requires all future standard costs to be manually approved and activated before they are used in inventory valuations. New costs must NOT be automatically applied without a formal review process.

You need to configure a costing version that prevents pending costs from being activated until they are formally reviewed.

Solution: Create the costing version with the costing type set to planned costs instead of standard costs.

Does the solution meet the goal?