Microsoft MB-310 Exam Practice Test Instant Access

Question 1

A company implements baste budgeting functionality in Dynamics 365 Finance in multiple departments that belong to the same legal entity. Managers must be able to identify and track budgets by department You need to configure the system. What should you configure?

ABudget transfer rules

BBudget model with sub-model

CBudget entries workflows

DBudget codes and budget types

Answer : D

Question 2

A cable and interne t company implements Dynamics 365 Finance

The primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost.

You need to configure revenue recognition.

What should you configure?

ACreate the router and modem sates to post to deferred revenue.

BConfigure the internet service as essential

CConfigure the internet service router, and modem as essential.

DCreate a revenue schedule for the internet service, router, and modem

Answer : D

Question 3

Your company uses Dynamics 365 Finance

All fixed assets are categorized by asset type. For example, office furniture is sequentially numbered. Has the same service life, and uses the same depreciation deduction calculation.

You need to configure the system.

Which two parameters should you set up? Each correct answer presents part of the solution

NOTL Each correct selection is worth one point.

Aappreciation convention

Bderived book

Cdeprecation profile

Dfixed asset group

Answer : C, D

Question 4

A company uses Microsoft Dynamics 365 Finance to manage fixed assets. The company uses laptops 'ex three years and then sells the laptops externally. You need 10 process laptop sales. What should you do?

ACreate a fixed asset disposal journal

BCreate a sales order tor the sale of the asset.

CUse a free text invoke to record the sale

DUse an inventory movement journal to record the disposal.

Answer : A

Question 5

You are using Microsoft Dynamics 365 finance

You need to acquire a fixed asset.

What are three possible ways to achieve the goal? Each correct answer presents a complete solution

NOTE: bath collect selection is worth one point.

ASelect a fixed asset account type and transaction type acquisition in a general journal.

BEliminate an investment project once it is finished

CUse a budget plan.

DSelect a fixed asset procurement category on the purchase order line

EUse a sates invoice.

Answer : A, B, D

Question 6

A company uses Dynamics 365 Finance to manage budgets.

You need to reallocate funds during the year.

Which budget code should you use?

ACarry-forward

BZero-based

CPre-encumbrance

DTransfer

Answer : D

Question 7

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

You need to automate the allocation of a prepaid expense of 2 percent of all product sales. The allocation must be posted to account number 222222.

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

AExplanation:
You need to configure a prepayment percentage for all items. The instructions below are for a single item. For this question, you need to select 'All' for all items, enter 2 in the percentage field and select account number 222222 in the account field.
To set up prepayment percentages for items, customers, and vendors
For an item, you can set up a default prepayment percentage for all customers, a specific customer, or a customer price group.

2. Select an item, and then choose thePrepayment Percentagesaction.
3. On theSales Prepayment Percentagespage, fill in the fields as necessary. Hover over a field to read a short description.

Answer : A

Microsoft MB-310 Microsoft Dynamics 365 Finance Functional Consultant Exam Practice Test

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7