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Microsoft MB-310 Practice Test - Questions Answers, Page 25

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List of questions

Question 241

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You are migrating data from a legacy system to Dynamics 365 Finance. The legacy customer master data does not include a customer grouping. Customers must be assigned to a group. You need to config

Question 242

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A company uses Microsoft Dynamics 365 Finance. You need to reclassify a fixed asset. Which three actions does the system perform when an asset is reclassified? Each correct answer presents part of

Question 243

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A company implements basic budgeting functionality in Dynamics 365 Finance. Budget managers must be notified of a budget register posting task after a finance director approves an entry. You need

Question 244

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An exchange rate provider has been configured for Dynamics 365 Finance. Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays a

Question 245

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You are implementing Dynamics 365 Finance. You configure an invoice validation policy to use three-way matching and use a three percent tolerance for invoice totals. A user enters a vendor invoice

Question 246

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You need to determine the cause of the issue that User1 reports. What are two possible causes for the issue? Each correct answer presents a complete solution. NOTE: Each correct selection is worth

Question 247

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A company uses Microsoft Dynamics 365 Finance. The company purchases, creates, and acquires fixed assets by using purchase orders. The system must acquire the fixed asset when a vendor invoice is p

Question 248

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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

Question 249

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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

Question 250

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HOTSPOT A company is implementing Dynamics 365 Finance. The company purchases fixed assets using a purchase order. The company must post tax-specific transactions related to the fixed assets so th

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 241

You are migrating data from a legacy system to Dynamics 365 Finance.

The legacy customer master data does not include a customer grouping. Customers must be assigned to a group.

You need to configure the posting profile.

What should you set up?

a revenue account for sales orders transactions for a group of customers

a payable account for specific customers

an interest code for a group of customers

terms of payment for a group of customers

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Question 242

A company uses Microsoft Dynamics 365 Finance.

You need to reclassify a fixed asset.

Which three actions does the system perform when an asset is reclassified? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point

The existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.

The system will generate reclassification journals.

The new fixed asset only cancels out possible depreciations because the reclassification date is filled in in the Acquisition date field.

The new books of the new fixed asset contain the date of the reclassification in the Acquisition date field.

All books for the existing fixed asset are created for the new fixed asset.

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Question 243

A company implements basic budgeting functionality in Dynamics 365 Finance.

Budget managers must be notified of a budget register posting task after a finance director approves an entry.

You need to configure the system.

Which workflow element should you use?

Update budget balances budget register

Approve budget account entry

Commitment approval

Budget planning stage allocation

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Question 244

An exchange rate provider has been configured for Dynamics 365 Finance.

Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays and all days between April 1 and June 30. Foreign currency transactions from March 1 to June 30 fail to post.

You need to reconfigure the system to post transactions for this period.

Which two configuration changes should you make to the ledgers? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Set Prevent import on national holiday to True

Set Create necessary currency pairs to True

Set Import as of start date to Apr 01

Add a key named BaseCurrency and value of USD.

Add a key named FloatCurrencies and set the value to True

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Question 245

You are implementing Dynamics 365 Finance. You configure an invoice validation policy to use three-way matching and use a three percent tolerance for invoice totals.

A user enters a vendor invoice journal. The invoice validation policy is not applied.

You need to troubleshoot the policy.

What is the issue with the policy?

Validation is only performed on vendor invoice entries.

Validation is configured to check for price and quantity.

Validation is only performed on invoice register entries.

The tolerance percentage is too high.

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Question 246

You need to determine the cause of the issue that User1 reports.

What are two possible causes for the issue? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

The account structure is in draft status.

The account structure has quotations for all dimensions.

User1 s security is incorrectly set up.

The account structure has an asterisk for all dimensions.

The financial dimensions were created in the incorrect legal entity.

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Question 247

A company uses Microsoft Dynamics 365 Finance. The company purchases, creates, and acquires fixed assets by using purchase orders.

The system must acquire the fixed asset when a vendor invoice is posted.

You need to process the transaction.

What should you do?

Run a fixed asset acquisition proposal before a fixed asset number can be added to a purchase order.

Manually create a fixed asset before the fixed asset number is added to the purchase order.

Select a procurement category in a purchase order line and leave the fixed asset group blank.

Leave the fixed asset number blank on the purchase order.

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Question 248

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 track expenses over budget and revenue under budget.

Solution: Configure an expense dimension set. Configure the set show amounts field value to per budget cycle.

Does the solution meet the goal?

Yes

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Question 249

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?

Yes

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Question 250

HOTSPOT

A company is implementing Dynamics 365 Finance.

The company purchases fixed assets using a purchase order. The company must post tax-specific transactions related to the fixed assets so the transactions can be reported separately.

You need to configure the system.

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

NOTE: Each correct selection is worth one point.