MB-310 Online Practice Questions and Answers

You need to adjust the sales tax configuration to resolve the issue for User3. What should you do?

A. Create multiple settlement periods and assign them to the US tax vendor.

B. Create multiple sales tax remittance vendors and assign them to the settlement period.

C. Run the payment proposal to generate the sales tax liability payments.

D. Create a state-specific settlement period and assign the US tax vendor to the settlement period.

You need to ensure Trey Research meets the compliance requirement.

Which budget technology should you implementEach correct answer presents a complete solution.

NOTE: Each correct selection is worth one point

A. the Excel budget template

B. budget codes

C. budgeting workflows

D. set-based budget processing

You are a Dynamics 365 Finance consultant.

You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system.

You need to resolve the issue.

What should you configure?

A. Financial reporting

B. Financial insights workspace

C. Electronic reporting

D. Financial period close workspace

You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.

You need to configure the Microsoft Dynamics Finance system to spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.

Which of the following should you configure?

A. Cost allocation policy

B. Cost behavior

C. Cost elements

D. Cost distribution

You work as the Finance Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

You need to ensure that when creating sales orders, the sales tax is automatically calculated when an item is added to a sales order line.

Which two of the following fields must be populated in the sales order line to ensure the sales tax is calculated(Choose two).

A. Item group

B. Customer sales tax group

C. Item sales tax group

D. Sales tax code

Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

You have assigned the Vendor (external) security role to a vendor that will work with purchase orders.

Which two of the following actions can the vendor perform (Choose two)

A. Respond to and view information about purchase orders.

B. Request a new user account for a contact person by using the Provision user action.

C. Add a new or existing contact person to the vendor accounts that they are a contact for.

D. Request that a contact person's user account be inactivated.

E. Maintain vendor collaboration invoices.

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.

A client wants general journals to be used only to post ledger-type transactions.

You need to set up journal configuration to achieve the requirement.

Solution: Set up the journal control on the general journal to the account type of ledger.

Does the solution meet the goal?

A. Yes

B. No

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:

1.

Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.

2.

Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.

3.

Liability accounts (2000-2999) should not have any dimensions posted.

4.

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:

1.

Configure two account structures.

2.

For Expense Accounts (6000-6998), configure asterisks in department division, and project. Configure an asterisk and quotations in customer dimension.

3.

For Revenue accounts (4000-4999), configure asterisks in department and division. Configure an asterisk and quotations in project and customer dimensions.

4.

For Expense account (6999), configure asterisks in department division, project, and customer dimensions.

5.

Liability accounts (2000-2999) are in the second account structure with no following dimensions.

Does the solution meet the goal?

A. Yes

B. No

You are implementing Dynamics 365 Finance.

You need to enable electronic fund transfers (EFT) for vendors.

Which three steps must you complete? Each correct answer presents pail of the solution.

NOTE: Each correct selection is worth one point.

A. Enable the EFT format as a method of payment within Accounts payable.

B. Import a new Electronic reporting (ER) configuration into Lifecycle Services (LCS).

C. Import the X++ file format.

D. Import the payment model into the Electronic reporting (ER) repository.

E. Export Electronic reporting (ER) configuration from Lifecycle Services (LCS).

A company uses Dynamics 365 Finance to include multiple business units as a financial dimension.

All customer payment journals must be posted to the headquarters

HOTSPOT

You need to determine the root cause for User1's issue.

Which configuration options should you check? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Hot Area:

DRAG DROP

A company is implementing Microsoft Dynamics 365 Finance.

The company has multiple vehicles. You depreciate all vehicles by using the straight-line service file depreciation method. The same ledger account is used to record the transaction when vehicle assets are acquired,

You need to configure the vehicles as fixed assets in the system.

Which feature should you useTo answer, drag the appropriate features to the correct requirements- Each feature 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 b worth one point.

Select and Place:

DRAG DROP

A company uses Microsoft Dynamics 365 Finance.

You receive a new purchase invoice. You must process the invoice as a fixed asset that complies with applicable tax regulations. Double entry is not permitted for asset acquisitions.

You need to configure the asset and books.

Which four actions should you recommend be performed in sequenceTo answer move all actions from the list of actions to the answer area and arrange them m the correct order.

Select and Place:

DRAG DROP

You need to create Trey Research s bank accounts.

Which three actions should you perform in sequenceTo answer move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

Select and Place:

SIMULATION

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

You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.

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