MB-310 Online Practice Questions and Answers

You are configuring intercompany accounting for a multicompany enterprise.

You need to set up the Due to and Due from accounts.

Which main account type should you use?

A. Profit and loss

B. Expense

C. Balance sheet

D. Liability

E. Asset

You are configuring budgeting components in Dynamics 365 Finance. You need to configure multiple budgets.

What are three budgeting options you can useEach correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

A. Cost management budget, including Production and Resource groups

B. Sales budget, including Campaigns and Events

C. Workforce budget, including Compensation groups and Positions

D. Project budget, including Items and Fees

E. Ledger budget, including Revenue and Expense types

A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system.

You need to configure the account structure.

For the Business Unit dimension, you need to ensure that blank values are allowed.

Which of the following values should you include for the business unit dimension?

A. * (asterisk)

B. " " (two quotation marks)

C. ANY

D. Blank

An organization is upgrading to Dynamics 365 Finance.

One of the organization's legal entities needs to have different main accounts for a period of six months.

You need to configure the legal entity override dates.

Which two actions can you performEach correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

A. Set the value of the override date field at the legal entity level to be more restrictive.

B. Set the value of the override date field at the shared level to be more restrictive.

C. Set the value of the override date field at the legal level to be less restrictive.

D. Set the value of the override date field at the shared level to be less restrictive.

A client uses Dynamics 365 Finance for accounts receivable.

You need to ensure that accounts receivable clerks add the wire number for electronic payments.

Which item should you set up as mandatory in the method of payment?

A. bank transaction type

B. payment ID

C. payment reference

D. deposit slip

The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review.

You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller s needs.

Which functionality should you configure?

A. a Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger journal name

B. a saved query in the Voucher inquiries form for the controller to view all general journals posted to the ledger

C. a manual journal approval with the journal assigned to the user group that the employees are assigned to

D. the controller's security rote so that he has approval privileges for General ledger journals

HOTSPOT

You are asked to configure a main account in Dynamics 365 Finance.

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

Hot Area:

DRAG DROP

You have implemented Dynamics 365 Finance.

You must implement interest fees to encourage customers to pay on time.

You need to configure interest fees.

Which functionality should be configured? To answer, drag the appropriate functionality to the correct scenario. Each functionality may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to

view content.

NOTE: Each correct selection is worth one point.

Select and Place:

DRAG DROP

You need to configure the system to for existing purchasing contracts.

Which commitment types should you use? To answer, drag the appropriate commitment types to the correct requirements. Each commitment type may be used once, more than once, or not at all. You may need to drag the split bar between

panes or scroll to view content.

NOTE: Each correct selection is worth one point.

Select and Place:

DRAG DROP You need to configure revenue recognition to meet the requirements. Which configuration should you use? To answer, drag the appropriate configurations to the correct requirements. Each configuration may be used once, more than not at all. You may need to drag the split bar between panes or scroll to view content NOTE: Each correct selection is worth one point

Select and Place: