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Microsoft MB-310 Exam

Certification Provider: Microsoft
Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
Number of questions in our database: 235
Exam Version: Nov. 28, 2023
MB-310 Exam Official Topics:
  • Topic 1: Set Up And Configure Financial Management/ Implement And Configure Financial Modules
  • Topic 2: Configure Other Modules Including Cash And Bank Management And Budgeting/ Configure And Apply Accrual Schemes
  • Topic 3: Configure The Letter Of Credit And Letter Of Guarantee Templates/ Create And Configure Account Structures
  • Topic 4: Implement And Test Cost And Allocation Policies/ Demonstrate Use Of Cost Accounting Terminology
  • Topic 5: Implement Cost Accounting Processes/ Implement Inventory Costing Versions/ Implement And Test Advanced Features
  • Topic 6: Construct Fiscal Calendars, Years, And Periods/ Create And Process Ledger Allocation Rules/ Implement Posting Definitions
  • Topic 7: Configure Cash Flow Reports/ Set Up Intercompany Accounting/ Implement Item Groups/ Configure Financial Period Close
  • Topic 8: Define And Demonstrate Periodic Closing Processes And End-Of-Year Processes/ Demonstrate Regional Tax Reporting Capabilities
  • Topic 9: Create A Cost Accounting Report By Using The Cost Accounting Report Wizard/ Allocate Funds By Using Accounting Distributions
  • Topic 10: Perform Financial Consolidation/ Perform Bank Reconciliation/ Configure, Collect, And Report Taxes/ Implement And Test End-Of-Year Tax Reporting Perform Periodic Processes/ Configure Tax Components/ Prepare Periodic Filings

Free Microsoft MB-310 Exam Actual Questions

The questions for MB-310 were last updated On Nov. 28, 2023

Question #1

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 Brazil

Legal 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.

Reveal Solution Hide Solution
Correct Answer: A, D

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: 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?

Reveal Solution Hide Solution
Correct Answer: A

Question #3

A company uses Microsoft Dynamics 365 finance to manage customer support contracts.

You need to validate a revenue recognition schedule for a customer,

in which two pages can you view the revenue recognition schedule? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Reveal Solution Hide Solution
Correct Answer: A, E

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 + 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?

Reveal Solution Hide Solution
Correct Answer: A

Question #5

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 + 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?

Reveal Solution Hide Solution
Correct Answer: A


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