Microsoft MB-310 Practice Test - Questions Answers, Page 4
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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.
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
Sales budget, including Campaigns and Events
Workforce budget, including Compensation groups and Positions
Project budget, including Items and Fees
Ledger budget, including Revenue and Expense types
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 codes
Configure budget cycles
Configure budget allocation terms
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
Zero-based
Pre-encumbrance
Transfer
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 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 budget exchange rate types
Define budgeting parameters and number sequences
Define financial dimensions
Create budget models
Define budget codes
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
No
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
No
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
No
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.
Post a budget transfer to add the correct funds.
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.
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.
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.
Budget checks are performed.
You can view the budget reporting through financial reports.
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