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Microsoft MB-310 Practice Test - Questions Answers, Page 12

Question list

List of questions

Question 111

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DRAG DROP You need to set up a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization. You need to configure the prerequi

Question 112

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DRAG DROP A retail company has outlets in multiple locations. Taxes vary depending on the location. You need to configure the various components of the tax framework. In which order should you pe

Question 113

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HOTSPOT A client wants to ensure that transactions posted to the General Ledger have the correct combination of account number and dimensions. The Services Industry P&L Account Structure has t

Question 114

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HOTSPOT A rental service company with complex accrual requirements has accrual schemes set up in its implementation. They want to use defined accrual schemes to perform transactions. You need to u

Question 115

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DRAG DROP You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities: CompanyA CompanyB You need to configure intercompany accoun

Question 116

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DRAG DROP You are a controller in an organization. You are identifying cost drivers to see how changes in business activities affect the bottom line of your organization. You need to assess cost ob

Question 117

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DRAG DROP A customer implements Dynamics 365 Finance. The customer observes that during foreign currency revaluation of the Accounts Receivable subledger, the results are not as expected. You nee

Question 118

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HOTSPOT You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts. Use the drop-down menus to select the answer choic

Question 119

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DRAG DROP You are a consultant who is implementing Dynamics 365 Finance in your organization. You need to set up currencies and exchange rates for a client. Which three actions should you perform

Question 120

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HOTSPOT You need to set up legal entity currencies and conversions in Dynamics 365 Finance. You review the hierarchy for consolidation of multiple legal entities. Use the drop-down menus to sel

Related questions

HOTSPOT You must configure journal controls in Dynamics 365 for Finance and Operations. Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

DRAG DROP You need to configure the system to meet invoicing requirement. Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature 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.

A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements: Distribute overhead utility expense to each department. Define how and in what proportion the source amounts must be distributed on various destination lines. You need to configure the allocation rule. Which allocation method should you use?

DRAG DROP A company is implementing Microsoft Dynamics 365 Finance. The company plans to Implement the fixed asset module. You have the full awing requirements: • Post transactions to the tax depreciation hook at the same interval as the primary book. • Tax transactions must be journalized without being recorded in the general ledger. You need to configure the 'wet! asset books. Which conjuration option should you use? To , drag the appropriate urn figurations to the correct requirement. Each configuration may be used once, more than once, more 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. Answer:

You need to determine why CustomerX is unable to confirm another sales order. What are two possible reasons? Each answer is a complete solution. NOTE: Each correct selection is worth one point.

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 manage a Dynamics 365 finance implementation. You must provide the budget versus actual reporting in near real time. You need to configure the ledger budgets and forecasts workspace to tuck expenses over budget and revenue under budget. Solution: Define a budget model. Set active forecasting process to the current year forecast. Does the solution meet the goal?

You are configuring account structures and advanced rules in Dynamics 365 Finance. All balance sheet accounts require Business Unit and Department dimensions. The Shareholder distribution account requires an additional dimension for Principal. You need to set up the account structures. What are two possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

SIMULATION You are a functional consultant for Contoso Entertainment System USA (USMF). You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder. To complete this task, sign in to the Dynamics 365 portal.

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 two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions. Does the solution meet the goal?

A customer uses the sales tax functionality in Dynamics 365 Finance. The customer reports that when a sales order is created, sales tax does not calculate on the line. You need to determine why sales tax is not calculated. What are two possible reasons? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

Question 111

DRAG DROP

You need to set up a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization.

You need to configure the prerequisite setup for the standard costing version for the current period.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

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Question 112

DRAG DROP

A retail company has outlets in multiple locations. Taxes vary depending on the location.

You need to configure the various components of the tax framework.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

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Question 113

HOTSPOT

A client wants to ensure that transactions posted to the General Ledger have the correct combination of account number and dimensions.

The Services Industry P&L Account Structure has the following information:

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.

NOTE: Each correct selection is worth one point.

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Question 114

HOTSPOT

A rental service company with complex accrual requirements has accrual schemes set up in its implementation. They want to use defined accrual schemes to perform transactions.

You need to use an accrual scheme to create transactions for this company.

Which actions should you perform? To answer, select the appropriate configuration in the answer area.

NOTE: Each correct selection is worth one point.

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Question 115

DRAG DROP

You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities:

CompanyA

CompanyB

You need to configure intercompany accounting for both legal entities.

Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

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You are a controller in an organization. You are identifying cost drivers to see how changes in business activities affect the bottom line of your organization. You need to assess cost object performance to analyze actual versus budgeted cost and how resources are consumed.

You need to demonstrate your understanding of cost accounting terminology.

Which component maps to the cost accounting terminology?

To answer, drag the appropriate component to the correct cost accounting terminology. Each source may be used once. 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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Question 117

DRAG DROP

A customer implements Dynamics 365 Finance.

The customer observes that during foreign currency revaluation of the Accounts Receivable subledger, the results are not as expected.

You need to re-run the foreign currency revaluation of the Accounts Receivable subledger.

Which currency revaluation method should you use for each requirement? To answer, drag the appropriate methods to the correct requirements. Each method 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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Question 118

HOTSPOT

You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations.

You are viewing the main accounts.

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.

NOTE: Each correct selection is worth one point.

Show Answer Comment (0)

Question 119

DRAG DROP

You are a consultant who is implementing Dynamics 365 Finance in your organization.

You need to set up currencies and exchange rates for a client.

Which three actions should you perform in sequence? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.