Microsoft MB-310 Practice Test - Questions Answers, Page 21
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DRAG DROP
A company uses the basic budgeting functionality in Dynamics 365 Finance. You are creating the budget in the system for the upcoming fiscal year.
The company uses budget workflow approvals to process budget entries. The company plans to split a business unit named IT and Infrastructure into two business units: Business Applications and IT Infrastructure.
You need to create the budget for the two business units based on 1.5 Which four 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.
You are implementing Dynamics 365 Finance.
You commonly complete the sale of goods across international borders.
You need to configure the system.
What should you use?
purchase agreement
bank statements
letters of credit
promissory note
The controller at a company has multiple employees who enter standard General ledger journals.
The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review.
You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller's needs.
Which functionality should you configure?
the controller's security role so that he has approval privileges for General ledger journals
an Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name
a Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger
a manual journal approval with the journal assigned to the user group that the employees are assigned to
HOTSPOT
A company is implementing Dynamics 365 Finance.
The company must be able to record sales orders in the following currencies: USD. EUR, and GBP.
Company A uses USD as the accounting and reporting currency
Company B uses GBP as the accounting and reporting currency.
Each company is consolidated into Company CON that uses EUR as the accounting and reporting currency.
Assets and liabilities are revalued at the current exchange rate.
You need to configure the system to meet the requirement.
Which option should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
HOTSPOT
A company implements expense management in Dynamic employee travel expenses.
The current per diem setup on the Expense management parameters page is as follow:
Use the drop-down menus to select the answer choice that that answers each question based on the information presented in the graphic.
HOTSPOT
A company implemented Dynamics 365 Finance less than The following business rules must be implemented to
- Operations must be allowed to exceed budge
- Marketing must receive warnings when the)
- Sales must not exceed its budget.
- All departments must have a calculation in in place to determine what they can spend.
- Budget funds do not need to be recorded in the general ledger.
You need to configure budget controls.
Which configuration option should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one points.
HOTSPOT
A company implements basic budgeting functionality The company wants to achieve the following:
- Distribute budget amounts across financial dimensions.
- Require an approval workflow for budget
- Approve a specific set of budget entries.
You need to configure the required basic budgeting functionality.
Which functionalities should you configure?
To answer, select the appropriate options in the answer area
NOTE: Each correct answer is worth one point.
DRAG DROP
You have implemented Dynamics 365 Finance.
You must implement interest fees to encourage customers to pay on time.
You need to configure interest fees.
Which functionality should be configured? To answer, drag the appropriate functionality to the correct scenario. Each functionality 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 manufactures and installs air filtering units for industrial manufacturing plants.
The air filtering units are manufactured to order. The com
- 25 percent at the time of the sale
- 50 percent when the unit is shipped
- 25 percent when the unit is installed
Additionally, a three-year warranty is sold with covers.
You need to configure revenue recognition.
What should you do?
Create a reallocation posting for the warranty revenue.
Create a new revenue schedule for each unit.
Create the revenue schedule so that it uses the contract terms
Create one revenue schedule with milestones.
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 are managing credit and collections.
You need to set up mandatory credit limits for all customer documents.
Solution: Select the Balance + packing slip credit type in the Accounts receivable parameters form.
Select the Mandatory credit limit check box in the Customers form.
Does the solution meet the goal?
Yes
No
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