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

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Question 31

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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
31 questions

Question 32

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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
46 questions

Question 33

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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
43 questions

Question 34

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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
30 questions

Question 35

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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
55 questions

Question 36

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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 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
34 questions

Question 37

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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 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
37 questions

Question 38

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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 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
48 questions

Question 39

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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
37 questions

Question 40

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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
33 questions
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