A company uses Microsoft Dynamics 365 Finance.You need to reclassify a fixed asset.Which three actions does the system perform when an asset is reclassified? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point

The existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.

The new fixed asset only cancels out possible depreciations because the reclassification date is filled in in the Acquisition date field.

All books for the existing fixed asset are created for the new fixed asset.

The existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.

The system will generate reclassification journals.

The new fixed asset only cancels out possible depreciations because the reclassification date is filled in in the Acquisition date field.

The new books of the new fixed asset contain the date of the reclassification in the Acquisition date field.

All books for the existing fixed asset are created for the new fixed asset.

A company implements basic budgeting functionality in Dynamics 365 Finance.Budget managers must be notified of a budget register posting task after a finance director approves an entry.You need to configure the system.Which workflow element should you use?

Update budget balances budget register

Budget planning stage allocation

An exchange rate provider has been configured for Dynamics 365 Finance.Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays and all days between April 1 and June 30. Foreign currency transactions from March 1 to June 30 fail to post.You need to reconfigure the system to post transactions for this period.Which two configuration changes should you make to the ledgers? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

Set Import as of start date to Apr 01

Add a key named BaseCurrency and value of USD.

Set Prevent import on national holiday to True

Set Create necessary currency pairs to True

Set Import as of start date to Apr 01

Add a key named BaseCurrency and value of USD.

Add a key named FloatCurrencies and set the value to True

You are implementing Dynamics 365 Finance. You configure an invoice validation policy to use three-way matching and use a three percent tolerance for invoice totals.A user enters a vendor invoice journal. The invoice validation policy is not applied.You need to troubleshoot the policy.What is the issue with the policy?

Validation is only performed on invoice register entries.

Validation is only performed on vendor invoice entries.

Validation is configured to check for price and quantity.

Validation is only performed on invoice register entries.

The tolerance percentage is too high.

You need to determine the cause of the issue that User1 reports.What are two possible causes for the issue? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

The account structure has quotations for all dimensions.

The account structure has an asterisk for all dimensions.

The account structure is in draft status.

The account structure has quotations for all dimensions.

User1 s security is incorrectly set up.

The account structure has an asterisk for all dimensions.

The financial dimensions were created in the incorrect legal entity.

A company uses Microsoft Dynamics 365 Finance. The company purchases, creates, and acquires fixed assets by using purchase orders.The system must acquire the fixed asset when a vendor invoice is posted.You need to process the transaction.What should you do?

Manually create a fixed asset before the fixed asset number is added to the purchase order.

Run a fixed asset acquisition proposal before a fixed asset number can be added to a purchase order.

Manually create a fixed asset before the fixed asset number is added to the purchase order.

Select a procurement category in a purchase order line and leave the fixed asset group blank.

Leave the fixed asset number blank on the purchase order.

A customer implements Dynamics 365 Finance and wants to use the recurring invoice feature for accounts receivable.The recurring invoice template includes the start date and frequency. However, when the Generate recurring invoices job processes, invoices are not created despite the criteria being met.You need to ensure that invoices are generated.What should you do?

Assign an invoice template to a customer on the invoice tab of the customer record.

Associate a customer to the invoice template on the invoice template form

Set the maximum billing amount on the recurring invoice template.

Assign an invoice template to the customer posting profile.

Assign an invoice template to a customer on the invoice tab of the customer record.

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?

Add -$100,000 in the bank credit limit.

Add $100,000 in the bank credit limit.

Define a credit limit of $100,000 on the invoicing vendor account.

Set the Control Balance option to credit in the General ledger account associated with the bank account.

Add -$100,000 in the bank credit limit.

A company has implemented Dynamics 365 Finance.The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance.You need to configure the system to remit tax payments.What should you do?

Associate the vendor record to the tax authority.

Set up a customer record for the tax authority.

Associate the vendor record to the tax authority.

Associate the vendor record to The settlement period.

Set up the jurisdiction and associate the jurisdiction to the tax authority

You have implemented Dynamics 365 finance.You must update the fiscal year to a 4-4-5 quarterly configuration.You need to configure the fiscal year.What should you do?

Set up the length of the period to 1 year and divide the period according to the quarterly configuration.

Configure the period length to 12 months and adjust the ending date of each period.

Set up the length of the period to 13 months.

Set up the length of the period to 1 year and divide the period according to the quarterly configuration.

Configure the period length to 1 year and adjust the ending date of each period.

You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy, and view financial statements.You need to generate consolidated financial statements by using a building block group to aggregate data across companies and financial dimensions.Which three actions should you perform? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

Create a column definition that includes a financial dimension column for each company.

Create a row definition that includes all appropriate accounts in all companies in the rows.

Create a reporting tree that includes a reporting node for each company.

Create a column definition that includes a financial dimension column for each company.

Create a column definition and use the period and year to map the appropriate periods for each company.

Create a row definition that includes all appropriate accounts in all companies in the rows.

Create a reporting tree that includes a reporting node for each company.

Use the Reporting Unit field to select the tree and reporting unit for each column.

A company uses Dynamics 365 Finance. The company accepts customer payments in installments.You must configure the number of installments, the amount of each installment, and a due date of each installment for a payment schedule to determine the revenue allocation for each month. You must provide the total revenue amounts allocated over a period for a specific payment.You need to configure the system to allocate the total outstanding amount of an invoke.What should you configure?

A payment schedule with a method of allocation set to Total.

A payment schedule with a method of allocation set to Fixed amount

A payment schedule with a method of allocation set to Total.

You create a parent budget for the next fiscal year of a parent company. The parent company is configured as its own legal entity.Franchises are configured as separate legal entities. The parent company sets the budget for each franchise based on the past year's performance.Ledger allocation rules, periods allocation keys, and budget allocation terms have not been created. Budget line items must be allocated to the budget for each franchise.You need to ensure the franchise budgets are allocated.What should you do?

Create budget allocation terms. Set the allocation method to allocate to dimensions.

Create ledger allocation rules. Set the allocation method to use ledger allocation rules

Set the allocation method to distribute.

Set the allocation method to aggregate.

Create period allocation keys. Set the allocation method to allocate across periods.

You use Dynamics 365 Finance for daily bank reconciliation. You must use the BAI2 bank statement formatYou need to configure the import bank statement format for the bank reconciliation process. What should you do?

Set up an import project for the bank statement in a Data management workspace using files provided by Microsoft.

Import the bank statement as a template for the bank statement format.

Set up a journal name to import a bank statement transaction.

Set up an import project for the bank statement in a Data management workspace using files provided by Microsoft.

Set up a batch job to import the bank statement.

A company uses Microsoft Dynamics 365 Finance. You are evaluating delinquent customers. You examine aging balances and determine that a customer's balance must be written off.You need to use journal lines to perform the write-off process.Which two journal line types will be created? Each correct answer presents part of the solution.NOTE: Each correct selectin is worth one point.

Not sufficient funds (NSF) payment entry

Microsoft MB-310 Practice Test 7 - Free Online Exam Questions 241-279

You are migrating data from a legacy system to Dynamics 365 Finance.

The legacy customer master data does not include a customer grouping. Customers must be assigned to a group.

You need to configure the posting profile.

What should you set up?

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