You need to configure the system to meet the fiscal year requirements. What should you do?

Add an additional period to ledger calendars.

You need to address the employees issue regarding expense report policy violations.Which parameter should you use?

Evaluate expense management policies

Pre-authorization of travel is mandatory

Evaluate expense management policies

You need in BUI that captured employee mobile receipts automatic ally match the transactions to resolve the User1 issue.Which feature should you enable?

Show receipts during itemization

Define expense policy for receipts

You need to identify the posting issue with sales order 1234.What should you do?

Validate that the revenue recognition schedule is populated on the sales order line.

Validate that the revenue recognition schedule is populated on the sales order header.

Update the revenue price allocation.

Validate that the revenue recognition schedule is populated on the sales order line.

Correct the recognition convention.

You need to address the posting of sales orders to a closed period.What should you do?

Use a ledger calendar to update module access.

Permanently close the period for all modules.

Use a ledger calendar to update period status.

Permanently close the fiscal year.

Use a ledger calendar to update module access.

You need to configure the financial reporting fiscal calendar for Customer.What should you do?

Use the closing period adjustments form.

Configure the ledger calendar to include a 13th closing period

Use the ledger calendar to set up the 4-5-4 calendar

Configure the fiscal calendar to include a 13th closing, period

You are using Microsoft Dynamics 365 financeYou need to acquire a fixed asset.What are three possible ways to achieve the goal? Each correct answer presents a complete solution.NOTE: bath collect selection is worth one point.

Select a fixed asset account type and transaction type acquisition in a general journal.

Eliminate an investment project once it is finished

Select a fixed asset procurement category on the purchase order line

Select a fixed asset account type and transaction type acquisition in a general journal.

Eliminate an investment project once it is finished

Select a fixed asset procurement category on the purchase order line

A company uses Microsoft Dynamics 365 Finance to manage fixed assets. The company uses laptops 'ex three years and then sells the laptops externally. You need 10 process laptop sales. What should you do?

Use a free text invoke to record the sale

Create a fixed asset disposal journal

Create a sales order tor the sale of the asset.

Use a free text invoke to record the sale

Use an inventory movement journal to record the disposal.

A company manufactures air filtering units few industrial manufacturing plants.During the acquisition of one of the components that is used in the unit, an agreement is reached that the $25. 000 component mil be paid for in the following schedule:• The first payment will be $10,000• The remaining balance will be distributed equally and due on the 15m of the month for the next three months. You need to configure the system for the payment schedule.What should you do?

Set the Fixed allocation method Rued Amount field lot the monthly amount.

Enter $25,000 in the Amount of Transaction Quantity field.

Use the Specified allocation method.

Set the Fixed allocation method Rued Amount field lot the monthly amount.

Specify a fixed quantity payment of 5.

A customer uses bank reconciliation functionality In Dynamics 365 Finance.The customer finds a transaction in a closed fiscal period that must be corrected.You need to correct the transaction.How should you nuke this correction?

Use the Correction amount field.

Create a new line for the transaction in the closed period.

Create a new line for the transaction in an open period

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.

The revenue recognition schedule

A cable and interne t company implements Dynamics 365 Finance. The primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost.You need to configure revenue recognition.What should you configure?

Create a revenue schedule for the internet service, router, and modem

Create the router and modem sates to post to deferred revenue.

Configure the internet service as essential

Configure the internet service router, and modem as essential.

Create a revenue schedule for the internet service, router, and modem

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.

single sales tax code for the United States

single sales tax code for Brazil

A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses.The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.You need to configure the system to accrue use tax for the new vendor.Which three actions should you take? Each correct answer presents part of the solution.NOTL Each coned selection is worth one pant.

Create a new tax group for the use tax.

Configure the use tax payable for the main account into the ledger posting group.

Add a tax code to the item sales tax group.

Create a new tax group for the use tax.

Create a new tax code for the use tax.

Configure the use tax payable for the main account into the ledger posting group.

Add a tax code to the tax group with the use tax option set to Yes.

Create a new tax authority for the use tax.

Add a tax code to the item sales tax group.

Create a new settlement period for the use tax.

Microsoft MB-310 Practice Test 5 - Free Online Exam Questions 161-200

DRAG DROP

You need to configure ledger allocations to meet the requirements.

What should you configure? To answer, drag the appropriate setups to the correct requirements. Each setup 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 is worth one point.

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Microsoft MB-310 Practice Test 5

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Microsoft MB-310 Practice Tests

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