Microsoft MB-310 Exam Questions Instant Access

Question 1

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

USMF plans to implement a new manufacturing department that will be based in Australia.

You need to create a draft account structure for the new department. The account structure must use the same account structure as a department named Manufacturing India and be named Manufacturing Australia.

To complete this task, sign in to the Dynamics 365 portal.

ASee explanation below

Answer : A

You need to create an account structure with the same structure as the department named Manufacturing India by using the following instructions.

Go toNavigation pane > Modules > General ledger > Chart of accounts > Structures > Configure account structures.

On theAction pane, clickNewto open the drop dialog.

In theAccount structurefield, type a name to describe the purpose of the account structure.

In theDescriptionfield, type a description to specify the purpose of the account structure.

ClickCreate.

In theSegments and allowed values, clickAdd segment.

In the dimensions list, select the dimension to add to the account structure.

At the end of the list, clickAdd segment.

Repeat step 6 to 9 as needed.

In theAllowed value detailssection, select the segment to edit the allowed values. For example, click theMain Accountfield.

In theOperatorfield, select an option, such as is between and includes.

In theValuefield, type a value. For example, 600000.

In thethroughfield, type a value. For example, 699999.

In theAllowed value detailssection, clickApply.

Repeat step 10 to 15 as needed.

In theAllowed value detailssection, clickAdd new criteria.

In the Operator field, select an option, such as is between and includes.

In theValuefield, type a value. For example, 033.

In thethroughfield, type a value. For example, 034.

ClickApply.

In the grid, select the segment to edit the allowed values. For example, Cost Center.

In theCostCenter field, type a value. For example, 007..021.

In theSegments and allowed values, clickAdd.

In theMainAccountfield, type a value. For example, 600000..699999

In the grid, select the segment to edit the allowed values. For example, Department.

In the Department field, type a value. For example, 032.

In the CostCenter field, type a value. For example, 086.

On theAction pane, clickValidate.

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/create-account-structures

Question 2

You are configuring budgeting components in Dynamics 365 for Finance and Operations.

You need to configure multiple budgets.

What are three budgeting options you can use? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

ACost management budget, including Production and Resource groups

BSales budget, including Campaigns and Events

CWorkforce budget, including Compensation groups and Positions

DProject budget, including Items and Fees

ELedger budget, including Revenue and Expense types

Answer : C, D, E

Question 3

You are configuring taxes in Dynamics 365 Finance for a client.

You need to configure the sales taxes to post to the expense account.

Where should you configure the sales tax percentage?

ALedger posting groups

BSales tax group

CTax code

DItem sales tax group

Answer : D

Question 4

A company uses Dynamics 365 Finance.

The company must release all customer orders that are on hold for a specific customer.

You need to process the release

Solution: Exclude the blocking rules by using the Release sales order parameter.

Does the solution meet the goal?

AYes

BNo

Answer : B

Question 5

A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.

You need to configure the client's system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:

* Include the main account and all four dimensions.

* Include the main account and only the business unit and cost center dimensions.

What should you configure?

Atwo account structures

Ball financial dimensions by using the group dimension functionality

Ctwo financial dimension sets

Dtwo derived financial dimension hierarchies

Answer : C

Question 6

A company uses Dynamics 365 Finance for their accounts payable processing.

One vendor offers a special installment term which allows the company to pay their invoice with three equal installment payments. The first payment is due 60 days after the invoice date. The second payment is due 90 days after the invoice date. The last payment is due 120 days after the invoice date. The company pays their invoice on the due date to take advantage of the terms.

You need to configure the terms of payment and payment schedule for the vendor master record.

How should you configure and assign the vendor master record?

ANet90 term of payment and a 30-60 payment schedule

BNet60 term of payment and a 30-60-90 payment schedule

CNet30 term of payment and a 30-60-90 payment schedule

DNet120 term of payment and a 60-90-120 payment schedule

Answer : B

Question 7

A company uses Dynamics 365 Finance. The company is setting up budget control parameters. The company requires specific user groups to be able to exceed the budget. You need to configure budget control for the user groups. What should you do?

ADefine financial dimensions.

BDefine budget control rules.

CConfigure over-budget permissions.

DAssign budget models to budget cycles.

Answer : C

Microsoft Dynamics 365 Finance Functional Consultant MB-310 Exam Questions