ExamGecko
Login
Home / Microsoft / MB-310 / List of questions
Ask Question

Microsoft MB-310 Practice Test - Questions Answers, Page 4

Add to Whishlist

List of questions

Question 31

Report Export Collapse

DRAG DROP

You are processing checks in Dynamics 365 Finance for a client.

You need to identify the outcome of the processed checks.

What is the check status for each scenario? To answer, drag the appropriate check statuses to the scenarios. Each check status 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.


Microsoft MB-310 image Question 31 101672 10052024010004000
Correct answer: Microsoft MB-310 image answer Question 31 101672 10052024010004000
Explanation:
asked 05/10/2024
FUKUMOTO AYUMI
32 questions

Question 32

Report Export Collapse

You are configuring budgeting components in Dynamics 365 Finance.

You need to configure multiple budgets.

What are three budgeting options you can use? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Cost management budget, including Production and Resource groups

Cost management budget, including Production and Resource groups

Sales budget, including Campaigns and Events

Sales budget, including Campaigns and Events

Workforce budget, including Compensation groups and Positions

Workforce budget, including Compensation groups and Positions

Project budget, including Items and Fees

Project budget, including Items and Fees

Ledger budget, including Revenue and Expense types

Ledger budget, including Revenue and Expense types

Suggested answer: C, D, E
asked 05/10/2024
Anton Khodyakov
50 questions

Question 33

Report Export Collapse

A client is using the budget planning process in Dynamics 365 Finance.

Your client requires the ability to plan for a one-year, three-year, and five year-budget.

You need to configure the various year length options to be used in the budgeting module.

What should you do?

Configure budget control

Configure budget control

Configure budget codes

Configure budget codes

Configure budget cycles

Configure budget cycles

Configure budget allocation terms

Configure budget allocation terms

Suggested answer: B
asked 05/10/2024
Novy Kingra
47 questions

Question 34

Report Export Collapse

A company uses Dynamics 365 Finance to manage budgets.

You need to reallocate funds during the year.

Which budget code should you use?

Carry-forward

Carry-forward

Zero-based

Zero-based

Pre-encumbrance

Pre-encumbrance

Transfer

Transfer

Suggested answer: D
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/basic-budgeting-overview-configuration

asked 05/10/2024
Camrin Schroyer
37 questions

Question 35

Report Export Collapse

A company plans to use Dynamics 365 Finance.

You need to configure basic budgeting.

Which set of actions must you perform?

Define a budget journal

Define budgeting parameters

Define budgeting dimensions

Create budget models and codes

Define number sequences

Define a budget journal

Define budgeting parameters

Define budgeting dimensions

Create budget models and codes

Define number sequences

Define budget journal exchange rate types

Define budgeting parameters and number sequences

Define budgeting dimensions

Create budget models

Define budget codes

Define budget journal exchange rate types

Define budgeting parameters and number sequences

Define budgeting dimensions

Create budget models

Define budget codes

Define a budget journal

Define budgeting parameters and number sequences

Define budgeting dimensions

Create budget models and codes

Setup budget allocation termsbudget models and codes

Setup budget allocation terms

Define a budget journal

Define budgeting parameters and number sequences

Define budgeting dimensions

Create budget models and codes

Setup budget allocation termsbudget models and codes

Setup budget allocation terms

Define budget exchange rate types

Define budgeting parameters and number sequences

Define financial dimensions

Create budget models

Define budget codes

Define budget exchange rate types

Define budgeting parameters and number sequences

Define financial dimensions

Create budget models

Define budget codes

Suggested answer: B
Explanation:

Reference: https://docs.microsoft.com/en-us/learn/modules/configure-use-basic-budgeting-budget-control-dyn365-finance/4-overview

asked 05/10/2024
Jacek Kaleta
60 questions

Question 36

Report Export Collapse

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 company is preparing to complete yearly budgets.

The company plans to use the Budget module in Dynamics 365 Finance for budget management.

You need to create the new budgets.

Solution: Combine budgets from multiple legal entities to a master budget.

Does the solution meet the goal?

Yes

Yes

No

No

Suggested answer: B
Explanation:

Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration

asked 05/10/2024
Rozsahegyi Jozsef
38 questions

Question 37

Report Export Collapse

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 company is preparing to complete yearly budgets.

The company plans to use the Budget module in Dynamics 365 Finance for budget management.

You need to create the new budgets.

Solution: Create budget plans for multiple scenarios.

Does the solution meet the goal?

Yes

Yes

No

No

Suggested answer: A
Explanation:

Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration

asked 05/10/2024
Elyse Martinez
46 questions

Question 38

Report Export Collapse

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 company is preparing to complete yearly budgets.

The company plans to use the Budget module in Dynamics 365 Finance for budget management.

You need to create the new budgets.

Solution: Create budget plans to define the revenues for a budget.

Does the solution meet the goal?

Yes

Yes

No

No

Suggested answer: B
Explanation:

Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration

asked 05/10/2024
Sébastien PIERRE
55 questions

Question 39

Report Export Collapse

A customer uses Dynamics 365 Finance to manage budgets.

You review a customer's budget funds available calculation and discover that the budget amounts posted two weeks ago are not reflected in the budget control check on a purchase order.

You verify that budget control is set to active.

You need to determine why the budget posted two weeks ago is not reflecting correctly.

What should you do?

Verify that available budget funds are configured appropriately.

Verify that available budget funds are configured appropriately.

Post a budget transfer to add the correct funds.

Post a budget transfer to add the correct funds.

Verify whether budget plans are still in draft status.

Verify whether budget plans are still in draft status.

Compare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting.

Compare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting.

Suggested answer: D
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview-configuration

asked 05/10/2024
Tomislav Bodrozic
42 questions

Question 40

Report Export Collapse

A company configures budget controls at the beginning of the year.

Which three budget control transaction actions occur when the budget control is turned off mid-year. Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Activities are unrecorded for budget control purposes.

Activities are unrecorded for budget control purposes.

Budget register entries that have been posted after budget control is turned off will not be considered for budget control.

Budget register entries that have been posted after budget control is turned off will not be considered for budget control.

Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control.

Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control.

Budget checks are performed.

Budget checks are performed.

You can view the budget reporting through financial reports.

You can view the budget reporting through financial reports.

Suggested answer: A, B, C
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview-configuration

asked 05/10/2024
Michael Bays
38 questions
Total 276 questions
Go to page: of 28
Search
Open VPLUS File
Convert VPLUS to PDF

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.
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.
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:
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.
HOTSPOT You are implementing a Dynamics 365 Finance general ledger module for a client that has multiple legal entities. The client has the following requirements: Post journal entries for all companies from one legal entity. Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB. Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted. Set up fixed or variable allocations, and then review the allocations in a journal before posting. Automatically post year-end results to account 30016 during year-end close. You need to configure the system. Which system capability should you configure? To answer, select the appropriate configuration in the answer area. 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 one account structure for expense accounts and include applicable dimensions. Does the solution meet the goal?
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. Configure an advanced rule for Liability accounts (2000-2999) not to display any dimensions when selected. Configure an advanced rule for Expense account (6999) to require customer. Configure the structure with all dimension fields containing quotations. Does the solution meet the goal?
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 default financial dimensions on expense accounts only. Does the solution meet the goal?
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?
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.