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Microsoft MB-310 Exam

Certification Provider: Microsoft
Exam Name: Microsoft Dynamics 365 Finance
Number of questions in our database: 183
Exam Version: Jan. 14, 2022
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 Jan. 14, 2022

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?

Reveal Solution Hide Solution
Correct Answer: B

As asterisk in all dimension columns would mean that a value must be configured for all dimensions.


https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

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. 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 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?

Reveal Solution Hide Solution
Correct Answer: B

As asterisk in all dimension columns would mean that a value must be configured for all dimensions.


https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

Question #3

A customer uses Dynamics 365 Finance to manage budgets.

You review a customer's budget funds available calculation and discover that the budget amounts posted two weeks ago are not reflected in the budget control check on a purchase order.

You verify that budget control is set to active.

You need to determine why the budget posted two weeks ago is not reflecting correctly.

What should you do?

Reveal Solution Hide Solution
Question #4

Manual entry of currency exchange rates must be discontinued. Currency exchange rates must use the current rate values provided by the European Central Bank. The exchange rate entries and updates must be automated.

You need to configure the system.

Which two options should you use? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Reveal Solution Hide Solution
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.

A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions.

The client has the following requirements:

Only expense accounts require dimensions posted with the transactions.

Users must not have the option to select dimensions for a balance sheet account.

You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.

Solution: Configure one account structure for expense accounts and include applicable dimensions.

Does the solution meet the goal?

Reveal Solution Hide Solution

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