Microsoft MB-310 Dumps

Question # 1

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 customer uses Dynamics 365 Finance. The controller notices incorrect postings to the ledger entered via journal. The system must enforce the following:Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.Liability accounts (2000-2999) should not have any dimensions posted.Expense account (6999) requires department, division, project and customer dimensions with all transactions.You need to configure the account structure to meet the requirements. Solution: Configure two account structures: one for liability accounts listing the (2000-2999) range with no following dimensions and one for Expense and Revenue accounts.For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all dimension columns.For Expense account (6999), configure asterisks in all dimensions. Configure an asterisk and quotes in the customer dimension.Does the solution meet the goal?   

Yes 
 No 

Show Answer

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.You are managing credit and collections.You need to set up mandatory credit limits for all customer documents. Solution: Define a credit limit for each customer and select Mandatory credit limit check box on the Customers form. Does the solution meet the goal? it limit   

No
Yes 

Show Answer

Question # 3

A company uses Dynamics 36S Finance. The company is based in the United States and sells a product online. The product is shipped to the United States, Canada, and Mexico. The product is sourced from BrazilLegal entities must be set up for each country/region. One ledger account must be used to track sales tax payable. You need to configure the system to track Use Tax.Which two parameters should you configure? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point. 

tax code for each legal entity 
taxation rule 
single sales tax code for the United States 
 ledger posting group
single sales tax code for Brazil 

Show Answer

Question # 4

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.You are managing credit and collections.You need to set up mandatory credit limits for all customer documents.Solution: Select the Balance + packing slip credit type in the Accounts receivable parameters form. Select the Mandatory credit limit check box in the Customers form.Does the solution meet the goal?  

No
 Yes 

Show Answer

Question # 5

You plan to manage delinquent customers by monitoring the collection proess in Dynamics %5 Finance.You need to use the Collections list pane to monitor the collection process. What must you do first?

A. Set up customer groups
B. Age customer balances. 
C. Set up customer pouts. 
D. Update financials 

Show Answer

Question # 6

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 customer uses Dynamics 365 Finance.notices incorrect postings to the ledger entered via journal.The system must enforce the following:Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional. Revenue accounts (4000-4999) require department and division and allow project and customer dimensions. Liability accounts (2000-2999) should not have any dimensions posted.Expense account (6999) requires department, division, project and customer dimensions with all transactions. You need to configure the account structure to meet the requirements.Solution: Configure one account structure with department, division, project and customer dimensions. Configure asterisks in all columns for Expense accounts (6000-6999), Revenue accounts (4000-4999), and Liability accounts (2000-2999). Does the solution meet the goal? 

A. Yes 
B. No

Show Answer

Question # 7

A cable and interne t company implements Dynamics 365 FinanceThe 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?  

Create the router and modem sates to post to deferred revenue. 
Configure the internet service as essential 
Configure the internet service router, and modem as essential. 
Create a revenue schedule for the internet service, router, and modem 

Show Answer

Question # 8

A client needs guidance on month-end closing procedures.The client needs to be able to stop all teams except Accounts payable and General ledger from postingtransactions for the month.You need to configure Dynamics 365 Finance to allow only those two teams to transact during the periodbeing closed.Which three actions should you perform? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.  

A. Create an access group called month end access for Accounts payable and General ledger team members. 
B. Set all modules to none to prevent any transactions from being posted. 
C. Configure the financial period close workspace tasks to the Accounts payable and General ledger teams only
D. Move the period status to on hold for your client’s one legal entity. 
E. Assign the security group month end access on the ledger calendar form for themodules they need access to.  

Show Answer

Question # 9

Your company uses Dynamics 365 FinanceAll 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 solutionNOTL Each correct selection is worth one point.  

appreciation convention 
derived book 
deprecation profile 
fixed asset group 

Show Answer

Question # 10

A company implements basic budgeting functionality in Dynamics 36S Finance.The company wants to allocate budget register entries for payroll expense amounts to each department based on a predetermined percentage.You need to configure the allocation.Which functionality should you use? 

Budget transfer rule 
Budget control 
Allocation term 
Period allocation key 

Show Answer

Question # 11

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. the controller's security role so that he has approval privileges for General ledger journals 
B. an Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name 
C. a Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger
D. a manual journal approval with the journal assigned to the user group that the employees are assigned to 

Show Answer

Question # 12

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 acorrect 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.  You are managing credit and collections. You need to set up mandatory credit limits for all customer documents.Solution: Select the Balance + All credit type on the Accounts receivable parameters form. Select the Mandatory credit limit check box on the Customers form.Does the solution meet the goal? 

A. Yes 
B. No 

Show Answer

Question # 13

A company manufactures and installs air filtering units for industrial manufacturing plants.The air filtering units are manufactured to order. The com• 25 percent at the time of the sale • 50 percent when the unit is shipped • 25 percent when the unit is installed Additionally, a three-year warranty is sold with covers. You need to configure revenue recognition. What should you do?  

Create a reallocation posting for the warranty revenue. 
Create a new revenue schedule for each unit. 
Create the revenue schedule so that it uses the contract terms 
Create one revenue schedule with milestones. 

Show Answer

Question # 14

You are configuring the Accounts payable module for a company.The company needs to set a limit on the charges they will pay for specific items.You need to set up the limit for charges.Which two actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. 

A. Define the maximum charge amount on the vendor record. 
B. Enter the maximum amount when you set up the charges code. 
C. Use budget control with the specified charges code. 
D. Set the maximum charge amount in the Accounts payable parameters, 
E. Enable invoice matching validation in the Accounts payable parameters. 

Show Answer

Question # 15

You need to configure the financial reporting fiscal calendar for Customer.What should you do?

A. Use the closing period adjustments form. 
B. Configure the ledger calendar to include a 13th closing period 
C. Use the ledger calendar to set up the 4-5-4 calendar 
D. Configure the fiscal calendar to include a 13th closing, period 

Show Answer

Question # 16

You are contouring Dynamics 365 Finance Transactions are being approved tor all sales transactions. This configuration results in numerous fraudulent transactions.The payment prowler requires verification of the following information in order to authorization transaction.• account hotter name• billing address• postal codeYou need to configure the system to only approve transactions with a verified address. Which option should you select for credit card authorization? 

A. Always accept transaction 
B. Postal code 
C. Account holder 
D. Billing address 

Show Answer

Question # 17

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? 

Budget transfer rules 
 Budget model with sub-model 
 Budget entries workflows 
Budget codes and budget types 

Show Answer

Question # 18

D18912E1457D5D1DDCBD40AB3BF70D5DA customer uses the sales tax functionality in Dynamics 365 Finance.The customer reports that when a sales order is created, sales tax does not calculate on the line.You need to determine why sales tax is not calculated.What are two possible reasons? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point. 

A. The sales tax group is populated on the line, but the item sales tax group is missing. 
B. The sales tax settlement account is not configured correctly. 
C. The sales tax authority is not set up for the correct jurisdiction. 
D. The sales tax code and item sales tax code are selected, but the sales tax group is not associated to bothcodes. 
E. The sales tax group and item sales tax group are selected, but the sales tax code is not associated with both groups. 

Show Answer

Question # 19

A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses. The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.You need to configure the system to accrue use tax for the new vendor.Which three actions should you take? Each correct answer presents part of the solution.NOTL Each coned selection is worth one pant. 

A. Create a new tax group for the use tax. 
B. Create a new tax code for the use tax. 
C. Configure the use tax payable for the main account into the ledger posting group. 
D. Add a tax code to the tax group with the use tax option set to Yes. 
E. Create a new tax authority for the use tax. 
F. Add a tax code to the item sales tax group. 
G. Create a new settlement period for the use tax. 

Show Answer

Question # 20

A company manufactures air filtering units few industrial manufacturing plants.During the acquisition of one of the components that is used in the unit, an agreement is reached that the $25. 000 component mil be paid for in the following schedule:• The first payment will be $10,000• The remaining balance will be distributed equally and due on the 15m of the month for the next three months. You need to configure the system for the payment schedule. What should you do?  

A. Enter $25,000 in the Amount of Transaction Quantity field.
B. Use the Specified allocation method. 
C. Set the Fixed allocation method Rued Amount field lot the monthly amount. 
D. Specify a fixed quantity payment of 5. 

Show Answer