A company has many customers who are not paying invoices on time.You need to use the collection letter functionality to manage customer delinquencies.What are two possible ways to achieve the goal? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

Print all of the collection letters.

Cancel the collection letters after they are created and posted.

Print all of the collection letters.

Delete the collection letters after posting when an error occurs.

You are setting up the Accounts payable module and vendor invoice policies for an organization.You need to set up vendor invoice policies that run when vendor invoices are posted in the system.In which two ways can you set up the policies? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

Configure the vendor invoice workflow to run the policies.

Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page.

Set up invoice matching validation for vendor invoice policy.

Configure the vendor invoice workflow to run the policies.

Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page.

Apply the policies to invoices that were created in the invoice register or invoice journal.

A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor.The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.You need to configure the system in the most efficient manner to achieve these requirements.What should you do?

Configure a company matching policy of two-way matching and set the matching policy for specific item and vendor combination level to three-way matching

Configure a company matching policy of a three-way match

Configure a company matching policy of non-required and specify the items that require a three-way match

Configure a company matching policy of two-way matching and set the matching policy for specific item and vendor combination level to three-way matching

Configure a company matching policy of two-way matching and specify the items that require a three-way match

Configure a company matching policy of two-way matching and specify the vendors that require a three-way match

You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact.You need to assign the Vendor (external) role to this vendor.Which tasks can this vendor perform?

Activate or inactivate the association between a contact person and a vendor account.

Delete any contact person that they have created.

View and modify contact person information, such as the person's title, email address, and telephone number.

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.

Enable invoice matching validation in the Accounts payable parameters

Enter the maximum amount when you set up the charges code

Enable invoice matching validation in the Accounts payable parameters

Enter the maximum amount when you set up the charges code

Use budget control with the specified charges code

Set the maximum charge amount in the Accounts payable parameters

Define the maximum charge amount on the vendor record

You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact.You need to assign the Vendor (external) role to this vendor.Which tasks can this vendor perform?

Maintain vendor collaboration invoices.

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

Maintain vendor collaboration invoices.

Delete any contact person that they have created.

View and modify contact person information, such as the person's title, email address, and telephone number.

You are configuring budgeting components in Dynamics 365 Finance.You need to configure multiple budgets.What are three budgeting options you can use? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

Workforce budget, including Compensation groups and Positions

Project budget, including Items and Fees

Ledger budget, including Revenue and Expense types

Cost management budget, including Production and Resource groups

Sales budget, including Campaigns and Events

Workforce budget, including Compensation groups and Positions

Project budget, including Items and Fees

Ledger budget, including Revenue and Expense types

A client is using the budget planning process in Dynamics 365 Finance.Your client requires the ability to plan for a one-year, three-year, and five year-budget.You need to configure the various year length options to be used in the budgeting module.What should you do?

Configure budget allocation terms

A company plans to use Dynamics 365 Finance.You need to configure basic budgeting.Which set of actions must you perform?

Define budget journal exchange rate typesDefine budgeting parameters and number sequencesDefine budgeting dimensionsCreate budget modelsDefine budget codes

Define a budget journalDefine budgeting parametersDefine budgeting dimensionsCreate budget models and codesDefine number sequences

Define budget journal exchange rate typesDefine budgeting parameters and number sequencesDefine budgeting dimensionsCreate budget modelsDefine budget codes

Define a budget journalDefine budgeting parameters and number sequencesDefine budgeting dimensionsCreate budget models and codesSetup budget allocation termsbudget models and codesSetup budget allocation terms

Define budget exchange rate typesDefine budgeting parameters and number sequencesDefine financial dimensionsCreate budget modelsDefine budget codes

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?

Compare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting.

Verify that available budget funds are configured appropriately.

Post a budget transfer to add the correct funds.

Verify whether budget plans are still in draft status.

Compare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting.

A company configures budget controls at the beginning of the year.Which three budget control transaction actions occur when the budget control is turned off mid-year. Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

Activities are unrecorded for budget control purposes.

Budget register entries that have been posted after budget control is turned off will not be considered for budget control.

Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control.

Activities are unrecorded for budget control purposes.

Budget register entries that have been posted after budget control is turned off will not be considered for budget control.

Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control.

You can view the budget reporting through financial reports.

Microsoft MB-310 Practice Test 1 - Free Online Exam Prep & Questions

Question 1 / 40

A client uses Dynamics 365 Finance for accounts receivable.

You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.

Which item should you set up as mandatory?

Select bank transaction type

Select payment reference

Select Payment ID

Select Deposit slip

Comment (0)

Microsoft MB-310 Practice Test 1

Question

Microsoft MB-310 Practice Tests

Practice Tests