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Microsoft MB-310 Practice Test - Questions Answers, Page 5

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Question 41

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You are setting up the yearly budget for an organization for the year 2019. You need to set up the budget register entries. Which two fields must be set up when creating register entries? Each cor

Question 42

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You are configuring the basic budgeting for a Dynamics 365 Finance environment. You need to configure the types of entries allowed. Which two configurations can you use? Each correct answer presen

Question 43

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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. What should you do

Question 44

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DRAG DROP You are creating a budget for an organization. The organization requires that allocations be performed automatically as part of budget planning. You need to invoke allocations at a spec

Question 45

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HOTSPOT You are setting up a budget plan to accurately portray the projected budget for a company. You need to select the appropriate allocation method for data distribution. Which allocation met

Question 46

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DRAG DROP A company needs to create budget plan templates for its budgeting process. You need to create the budget plan templates. In which order should you perform the actions? To answer, move a

Question 47

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HOTSPOT A client is implementing the Budgeting module in Dynamics 365 Finance. You need to configure the correct budget control area to meet the client's requirements. Track budgeting control on

Question 48

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An organization acquires a building. You need to register and record the building as an asset building in Dynamics 365 Finance. What are three possible ways to achieve the goal? Each correct answe

Question 49

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You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to register a transaction for the sale of the machinery by using a free

Question 50

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You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets - vehicles in the wrong fixed asset group. You need to ach

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.

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:

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.

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.

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?

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.

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 41

You are setting up the yearly budget for an organization for the year 2019.

You need to set up the budget register entries.

Which two fields must be set up when creating register entries? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Budget cycle

Budget manager

Budget code

Budget model

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Question 42

You are configuring the basic budgeting for a Dynamics 365 Finance environment.

You need to configure the types of entries allowed.

Which two configurations can you use? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

The budget register entry journals require both Expense and Revenue amount types.

Budget register entry line needs a main account and amount to be valid.

Budget register entry journals must be allocated across all fiscal periods.

Budget register entry lines must select only one account structure.

The budget register entries can contain either Expense or Revenue amount types.

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Question 43

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.

What should you do?

Create budget plans for multiple scenarios.

Create budget plans to define the revenues for a budget.

Combine previous year budgets into a single budget.

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Question 44

DRAG DROP

You are creating a budget for an organization.

The organization requires that allocations be performed automatically as part of budget planning.

You need to invoke allocations at a specific budget planning stage.

Which three 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 45

HOTSPOT

You are setting up a budget plan to accurately portray the projected budget for a company.

You need to select the appropriate allocation method for data distribution.

Which allocation methods should you use? To answer, select the appropriate configuration in the answer area.

NOTE: Each correct selection is worth one point.

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Question 46

DRAG DROP

A company needs to create budget plan templates for its budgeting process.

You need to create the budget plan templates.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

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Question 47

HOTSPOT

A client is implementing the Budgeting module in Dynamics 365 Finance.

You need to configure the correct budget control area to meet the client's requirements.

Track budgeting control on purchase requisitions.

Include unposted actual transactions in the calculation of the remaining budget for the period.

Allow specific individuals to post transactions that exceed the budget.

Specify main accounts that are subject to budget control, instead of selecting Main account as a dimension for budgeting.

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

NOTE: Each correct selection is worth one point.

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Question 48

An organization acquires a building.

You need to register and record the building as an asset building in Dynamics 365 Finance.

What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal

Eliminate the project to a fixed asset

Create a sales invoice to record and register the fixed asset

Select an acquisition transaction type within a fixed asset journal

Use the sales order process to acquire the asset

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Question 49

You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer.

You need to register a transaction for the sale of the machinery by using a free text invoice for fixed assets.

Which transaction type should you use?

Acquisition

Value adjustments

Depreciation

Disposal

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Question 50

You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets - vehicles in the wrong fixed asset group.

You need to achieve the following:

Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.

Ensure that all books for the existing fixed asset are created for the new fixed asset. Any information that was set up for the original fixed asset is copied to the new fixed asset. Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group. Ensure that the historical transactions are transferred to the new fixed asset. Ensure Historical Depreciation expense entries do not change.

What should you do?

Reclassify the fixed asset

Change the fixed asset group and keep the same fixed asset number

Copy the fixed asset

Transfer the fixed assets

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Total 276 questions