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Microsoft MB-310 Practice Test - Questions Answers, Page 14

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Question 131

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DRAG DROP You are implementing Dynamics 365 Finance. A new product is being released. The system must track the probability of the new product by cost center and you must use the cost control work

Question 132

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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.

Question 133

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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 u

Question 134

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Which configuration makes it possible for User4 to make a purchase?

Question 135

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You need to identify the root cause for the error that User5 is experiencing. What should you check?

Question 136

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DRAG DROP You need to select the functionality to meet the requirement. Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be use

Question 137

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You need to correct the sales tax setup to resolve User5's issue. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth o

Question 138

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You need to troubleshoot the reporting issue for User7. Why are some transactions being excluded?

Question 139

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You need to configure settings to resolve User8's issue. What should you select?

Question 140

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You need to view the results of Fourth Coffee Holding Company's consolidation. Which three places show the results of financial consolidation? Each correct answer presents a complete solution. NOT

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.

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. 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.

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.

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?

Question 131

DRAG DROP

You are implementing Dynamics 365 Finance. A new product is being released.

The system must track the probability of the new product by cost center and you must use the cost control workspace.

You need to configure the system.

Which option should you use? To answer, drag the appropriate option to the correct requirement. Each value 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 132

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.

The credit limit parameter is set to Balance + All.

The credit limit is set to 0.

An inventory item is out of stock.

The inventory safety stock is set to 0.

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Question 133

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.

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Question 134

Which configuration makes it possible for User4 to make a purchase?

Budget model configuration is configured to allow certain purchases to exceed budget.

Budget is posted at the dimension level. Budget control is managed at main account level.

Budget funds available are configured to allow dimension budget overrides.

Budget is posted at the main account level. Budget control is managed at the department level.

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Suggested answer: B

Explanation:

Testlet 3

Case study This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.

To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question-is independent of the other questions in this case study.

At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section.

To start the case study To display the first question-in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question-button to return to the question.

Background Alpine Ski House has three partially owned franchises and 10 fully owned resorts throughout the United States and Canada. Alpine Ski House's percentage ownership of the franchises is between two and 10 percent.

Alpine Ski House is undergoing an implementation of Dynamics 365 Finance and Dynamics 365 Supply Chain Management to transform their financial management and logistics capabilities across the franchises. Implementation is complete for Alpine Ski House's corporate offices, two US franchises, and one Canadian franchise. The remaining franchises are in varying stages of the implementation. Two new resort projects are in the budget planning stages and will open in the next fiscal year.

Current environment

Organization and general ledger

Each franchise is set up as a legal entity in Dynamics 365 Finance.

Alpine Ski House Corporate uses financial dimensions for their fully owned resorts.

Each resort is a financial dimension named resort.

Each fully owned resort has two divisions: marketing and operations.

Only Profit and Loss account postings require the division dimension.

Corporate handles the advertising and administration of the fully owned resorts.

Corporate uses Dynamics 365 Project Management and Accounting to manage construction of new resorts.

Budgeting

Organizational budgeting is decentralized but rolls up to one organizational corporate budget.

Each resort manager performs budgeting in Dynamics 365 Finance.

Budget preparation begins this month. All operational resorts will submit their budgets in two weeks.

Sales and tax

Sales tax is configured and used by all resorts that operate in the United States.

You configure one US sales tax vendor account and assign the vendor account to the settlement periods for reporting. You use accounts receivable charges to track donations.

Existing purchasing contracts Each franchise resort has an individual contract with a local supplier of their choosing to purchase at least $10,000 worth of suppliers during the calendar year. The franchise resorts in one US state receive a two percent discount on meat and vegetable purchases in excess of $8,000 per year.

A franchise resort in Utah has agreed to purchase 1,000 units of beef at market price from a local supplier.

Alpine Ski House uses a vendor collaboration portal to track purchase orders and requests for quotes.

Vendors request access to the vendor collaboration portal by using a workflow which runs on a nightly schedule.

Intercompany setup Vendor123 resides in US franchise Company1 and is set up for intercompany transactions. Customer345 resides in Canada franchise Company1 and is set up for intercompany transactions.

Requirements

Franchises

Each franchise must pay two percent of monthly sales to Alpine Ski House Corporate.

Each franchise must report their own financials to Alpine Ski House Corporate monthly.

US franchises require a three-way-match on all purchases, with a 1-percent price tolerance.

Canadian franchises require a three-way-match on all purchases except paper products, which have a 10-percent price tolerance.

Corporate Advertising costs must be balanced across the 10 resorts monthly. These costs must be split across the 12 resorts once construction of the final two resorts is completed.

Administration costs must be split across the 10 resorts proportional to the amount of sales generated.

One percent of all pack and individual ski pass sales must be donated quarterly to an environmental protection organization. The finance department must be able to see purchasing contracts and discounts for vendors based on volume spend.

Employees All employee expense reports that contain the word entertainment must be reviewed for audit purposes. If a journal is posted incorrectly, the entire journal and not just the incorrect line must be fully reversed for audit purposes.

Resorts All resorts must use Dynamics 365 Finance for budgeting and must first be approved by the regional manager. Purchased fixed assets must automatically be acquired at product receipt. Issues

User1 reports that irrelevant dimensions display in the drop down when entering a General journal.

User2 reports that dimension 00 is being used for all balance sheet accounts.

User3 tries to generate the quarterly sales tax liability payment for a specific state but does not see any payables available for that state's vendor.

User4 receives a call from a vendor who cannot access the vendor collaboration portal but needs immediate access.

User5 notices a large amount of entertainment expenses being posted without an audit review.

User6 needs to have visibility into the increase in budget that is necessary to staff the two new resorts opening next year.

User7 needs to use Dynamics 365 Finance for situational budgeting planning with the ability to increase and decrease the existing plans by certain percentages. User8 made a mistake while posting a 1,000-line journal and reverses the entire journal but cannot find the lines that included errors during the reversal.

User9 made a mistake while posting a 55-line journal and reverses the entire journal.

User10 realizes that the purchase of five new computers did not acquire five new fixed assets upon receipt.

Question 135

You need to identify the root cause for the error that User5 is experiencing.

What should you check?

Fixed asset rules

Fixed asset determination rules

Fixed asset posting profiles

Fixed asset books

Fixed asset depreciation profiles

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Question 136

DRAG DROP

You need to select the functionality to meet the requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used 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.