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Microsoft MB-310 Practice Test - Questions Answers, Page 24

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Question 231

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A company uses expense management in Dynamics 365 Finance. The company has two legal entities. CompanyA reimburses employees for travel-related expenses. CompanyB plans to reimburse remote employee

Question 232

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A company uses Dynamics 365 Finance to include multiple business units as a financial dimension. All customer payment journals must be posted to the headquarters' business unit financial dimension.

Question 233

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A client is implementing accounts receivable in Dynamics 365 Finance. You need to determine which requirements can be met by configuring the customer posting profile. Which three requirements can b

Question 234

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You are configuring taxes in Dynamics 365 Finance for a client. You need to configure the sales taxes to post to the expense account. Where should you configure the sales tax percentage?

Question 235

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DRAG DROP A company uses basic budgeting functionality in Dynamics 365 Finance. The company wants to add fixed asset depreciation expenses to its budget register entry. The depreciation expense mu

Question 236

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HOTSPOT A company charges customers for freight costs. These charges are not added to the items on the order. You need to configure the charge code for Accounts receivable. What should you config

Question 237

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A company plans to implement Dynamics 365 Finance. The company manages a high volume of customers. The finance team wants to enable the following capabilities for each set of customers: * Create sa

Question 238

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HOTSPOT A company manufactures and installs air filtering units for industrial manufacturing plants. Revenue for the units is recognized based on a median price when the unit is installed. A three

Question 239

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HOTSPOT A company manufactures air filtering units for industrial manufacturing plants. The company offers specific incentives if customers pay within a certain number of days to include: * 10 pe

Question 240

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DRAG DROP A company is implementing Dynamics 365 Finance. The company needs the ability to handle deferring revenue, reallocations, revenue schedules, and milestone-based recognition. You need to

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?

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:

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.

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 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.

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 231

A company uses expense management in Dynamics 365 Finance. The company has two legal entities.

CompanyA reimburses employees for travel-related expenses. CompanyB plans to reimburse remote employees monthly for travel-related expenses. All employees are required to complete expense reports.

You need to configure the expense type that can be used for both companies. Which expense type category should you use?

Project

Shared

Case

Procurement

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A company uses Dynamics 365 Finance to include multiple business units as a financial dimension. All customer payment journals must be posted to the headquarters' business unit financial dimension. You need to configure the accounts receivable journal name. What should you configure?

Journal approval

Default financial dimension

Posting restriction

Journal control

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Question 233

A client is implementing accounts receivable in Dynamics 365 Finance.

You need to determine which requirements can be met by configuring the customer posting profile. Which three requirements can be met? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

Setting an interest code for a group of customers

Specifying a receivable account for certain customers

Setting terms of payment for a group of customers

Setting the liquidity ledger account used for cash flow forecast

Specifying a revenue account for sales orders transactions

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Question 234

You are configuring taxes in Dynamics 365 Finance for a client.

You need to configure the sales taxes to post to the expense account.

Where should you configure the sales tax percentage?

Ledger posting groups

Sales tax group

Tax code

Item sales tax group

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Question 235

DRAG DROP

A company uses basic budgeting functionality in Dynamics 365 Finance.

The company wants to add fixed asset depreciation expenses to its budget register entry. The depreciation expense must be automatically calculated.

You need to create budget register entries for fixed asset depreciation expense.

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.

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Question 236

HOTSPOT

A company charges customers for freight costs. These charges are not added to the items on the order.

You need to configure the charge code for Accounts receivable.

What should you configure? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

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Question 237

A company plans to implement Dynamics 365 Finance. The company manages a high volume of customers. The finance team wants to enable the following capabilities for each set of customers:

* Create sales budgets.

* Generate trade statistics such as weekly sales.

* Define ledger posting.

* Define terms of payment.

You need to select functionality that defines clusters of customers.

Which configuration should you select?

Customer posting profiles

Customer payment terms

Customer sales agreements

Customer groups

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Question 238

HOTSPOT

A company manufactures and installs air filtering units for industrial manufacturing plants.

Revenue for the units is recognized based on a median price when the unit is installed. A three-yea' warranty is sold with each unit. Revenue for the warranty is recognized equally in each year the warranty covers.

You need to configure and process revenue recognition.

Which parameter should you configure? To answer, select the appropriate options in the answer area.

NOTE; Each correct selection is worth one point.

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Question 239

HOTSPOT

A company manufactures air filtering units for industrial manufacturing plants.

The company offers specific incentives if customers pay within a certain number of days to include:

* 10 percent off if paid in full within 5 days

* 5 percent off if paid in full within 10 days

Customers who pay by electronic funds transfer (EFT) will be charged $15 per transfer. You need to configure the system.

Which option should you use? To answer, select the appropriate options in the answer are a. NOTE: Each correct selection is worth one point.

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Question 240

DRAG DROP

A company is implementing Dynamics 365 Finance.

The company needs the ability to handle deferring revenue, reallocations, revenue schedules, and milestone-based recognition.

You need to configure the functionality.

What should you do? To answer, drag the appropriate functionality to the correct requirement. 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.

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