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Microsoft MB-310 Practice Test - Questions Answers, Page 20

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List of questions

Question 191

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A company implements baste budgeting functionality in Dynamics 365 Finance in multiple departments that belong to the same legal entity. Managers must be able to identify and track budgets by depart

Question 192

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A company implements basic budgeting functionality in Dynamics 36S Finance. The company wants to allocate budget register entries for payroll expense amounts to each department based on a predeterm

Question 193

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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 fro

Question 194

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DRAG DROP A customer implements Dynamics 365 Finance You need to configure bank reconciliation settings. What should you do? To answer, drag the appropriate configuration options to the correct re

Question 195

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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 comp

Question 196

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DRAG DROP A company is implementing Microsoft Dynamics 365 Finance. The company has multiple vehicles. You depreciate all vehicles by using the straight-line service file depreciation method. The

Question 197

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HOTSPOT A company uses Dynamics 365 Finance. The company induces sot departments that participate in the budget planning process. The finance department generates a previous year budget scenario Y

Question 198

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You are contouring Dynamics 365 Finance Transactions are being approved tor all sales transactions. This configuration results in numerous fraudulent transactions. The payment prowler requires ver

Question 199

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DRAG DROP A company uses Microsoft Dynamics 365 Finance. You receive a new purchase invoice. You must process the invoice as a fixed asset that complies with applicable tax regulations. Double ent

Question 200

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A client wants general journal to be used only to post ledger-type transactions. You need to set up journal configuration to achieve the requirement. Solution: Set up the journal control on the ge

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?

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?

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:

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.

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.

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?

SIMULATION You are a functional consultant for Contoso Entertainment System USA (USMF). You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne. To complete this task, sign in to the Dynamics 365 portal.

Question 191

A company implements baste budgeting functionality in Dynamics 365 Finance in multiple departments that belong to the same legal entity. Managers must be able to identify and track budgets by department You need to configure the system. What should you configure?

Budget transfer rules

Budget model with sub-model

Budget entries workflows

Budget codes and budget types

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Question 192

A company implements basic budgeting functionality in Dynamics 36S Finance.

The company wants to allocate budget register entries for payroll expense amounts to each department based on a predetermined percentage.

You need to configure the allocation.

Which functionality should you use?

Budget transfer rule

Budget control

Allocation term

Period allocation key

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Question 193

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.

tax code for each legal entity

taxation rule

single sales tax code for the United States

ledger posting group

single sales tax code for Brazil

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Question 194

DRAG DROP

A customer implements Dynamics 365 Finance You need to configure bank reconciliation settings.

What should you do? To answer, drag the appropriate configuration options to the correct requirements.

Each configuration option may be used once, more than once, or not at all you may need to drag the spirt bar between panes or scroll to view content.

NOTS: Each correct selection is worth one point.

Answer:

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Question 195

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.

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.

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Question 196

DRAG DROP

A company is implementing Microsoft Dynamics 365 Finance.

The company has multiple vehicles. You depreciate all vehicles by using the straight-line service file depreciation method. The same ledger account is used to record the transaction when vehicle assets

are acquired,

You need to configure the vehicles as fixed assets in the system.

Which feature should you use? To answer, drag the appropriate features to the correct requirementsEach 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 b worth one point.

Answer:

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Question 197

HOTSPOT

A company uses Dynamics 365 Finance. The company induces sot departments that participate in the budget planning process.

The finance department generates a previous year budget scenario You must generate a new baseline scenario that is based on the previous year's budget scenario.

Department managers must be able to enter their budget requests in the baseline scenario. Al department requests must be made available to the finance department so that they can determine

the total budget funds requested and approve the budget scenario You need to configure the allocation schedule.

How should you configure the schedule for the baseline scenario? To answer, select the appropriate options in the dialog box in the answer area

NOTE: Each correct selection worth one point.

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Question 198

You are contouring Dynamics 365 Finance

Transactions are being approved tor all sales transactions. This configuration results in numerous fraudulent transactions.

The payment prowler requires verification of the following information in order to authorization transaction.

• account hotter name

• billing address

• postal code

You need to configure the system to only approve transactions with a verified address. Which option should you select for credit card authorization?

Always accept transaction

Postal code

Account holder

Billing address

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Question 199

DRAG DROP

A company uses Microsoft Dynamics 365 Finance.

You receive a new purchase invoice. You must process the invoice as a fixed asset that complies with applicable tax regulations. Double entry is not permitted for asset acquisitions.

You need to configure the asset and books.

Which four actions should you recommend be performed in sequence? To answer move all actions from the list of actions to the answer area and arrange them m the correct order.