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Microsoft MB-310 Exam Questions

Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
Exam Code: MB-310
Related Certification(s):
  • Microsoft Dynamics 365 Certifications
  • Microsoft Dynamics 365 Finance Functional Consultant Associate Certifications
Certification Provider: Microsoft
Number of MB-310 practice questions in our database: 286 (updated: Jul. 10, 2024)
Expected MB-310 Exam Topics, as suggested by Microsoft :
  • Topic 1: Set up and configure financial management: This section covers effectively setting up the financial management module to improve financial functions.
  • Topic 2: Implement accounts receivable, credit, collections, and revenue recognition: This section covers the adoption of accounts receivable, managing credit, collection amounts, and the procedure of recognizing revenues and cash flows.
  • Topic 3: Implement and manage accounts payable and expenses: This section covers the comprehension of overseeing and administering accounts payable and expenses streamlining payments and monitoring expenses.
  • Topic 4: Manage budgeting: This section covers attaining skills related to managing the budgeting process to ensure financial planning and control.
  • Topic 5: Manage fixed assets: This section of the exam covers managing fixed assets, acquiring them, their wear and tear, replacement, and maintaining financial records.
Disscuss Microsoft MB-310 Topics, Questions or Ask Anything Related

Chantay

16 days ago
Just passed the Microsoft Dynamics 365 Finance Functional Consultant exam! Watch out for questions on configuring and managing financial periods - they often ask about fiscal year setups and period close processes. Make sure you understand the steps involved in each. Big thanks to Pass4Success for their spot-on practice questions that helped me prepare efficiently!
upvoted 0 times
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Karan

20 days ago
I recently passed the Microsoft Dynamics 365 Finance Functional Consultant exam with the help of Pass4Success practice questions. The exam covered topics such as setting up financial management and implementing accounts receivable. One question that I was unsure of was related to revenue recognition, but I managed to pass the exam successfully.
upvoted 0 times
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Antonio

1 months ago
Alex Thompson
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Free Microsoft MB-310 Exam Actual Questions

Note: Premium Questions for MB-310 were last updated On Jul. 10, 2024 (see below)

Question #1

You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank. You must prevent the bank account from going below the defined credit limit when a transaction is posted. You need to configure the bank account credit limit. What should you do?

Reveal Solution Hide Solution
Correct Answer: D

Question #2

You use Dynamics 365 Finance for daily bank reconciliation. You must use the BAI2 bank statement format

You need to configure the import bank statement format for the bank reconciliation process. What should you do?

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Correct Answer: C

Question #3

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 manage a Dynamics 365 Finance implementation.

You must provide the budget versus actual reporting in near real time.

You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget

Solution: Select organization hierarchy from the Configure my workspace form. Set an expense budget threshold percent.

Does the solution meet the goal?

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Correct Answer: A

Question #4

You use Dynamics 365 Finance for daily bank reconciliation. You must use the BAI2 bank statement format

You need to configure the import bank statement format for the bank reconciliation process. What should you do?

Reveal Solution Hide Solution
Correct Answer: C

Question #5

A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations.

The company must associate fixed assets with subprojects to track the money that the company spends to maintain assets.

You need to configure subprojects to track the associated fixed asset transactions.

Which two types of subprojects can you use? Each correct answer presents a complete solution.

NOTE: Each correct selection Is worth one point.

Reveal Solution Hide Solution
Correct Answer: A, E


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