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Microsoft MB-310 Practice Test - Questions Answers, Page 7

Question list

List of questions

Question 61

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You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements. You need to import electronic bank

Question 62

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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.

Question 63

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A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be re

Question 64

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An organization uses Dynamics 365 Finance. Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting. You need to prevent

Question 65

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A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location.

Question 66

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You are configuring Dynamics 365 Finance. You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions?

Question 67

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A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics

Question 68

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An organization plans to set up intercompany accounting between legal entities within the organization. Automatic transactions between legal entities must meet the following requirements: Provide

Question 69

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SIMULATION You are a functional consultant for Contoso Entertainment System USA (USMF). You need to implement a quarterly accruals scheme for USMF. The accrual scheme settings must match the setti

Question 70

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SIMULATION You are a functional consultant for Contoso Entertainment System USA (USMF). USMF plans to implement a new manufacturing department that will be based in Australia. You need to create

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 61

You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements.

You need to import electronic bank statements to reconcile the bank accounts.

Which three actions can you perform? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Select all the bank accounts for the bank statement files, and then upload all files

Select Account reconciliation on the bank account form

Import bank statements from the Data management workspace

Navigate to Import statement on the Bank Statements page of Cash and Bank Management

Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file

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Question 62

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?

Distribute the source document amount equally

Fixed weight

Equally

Basis

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Question 63

A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company.

Transactions for current employees must be recognized in the general ledger twice a month with an employee's pay. Transactions for new employees must be recognized in the general ledger based upon the employee's first pay date.

You need to configure accrual schemes for the new fiscal year.

Which two configurations should you use? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.

For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date.

For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date.

For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.

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Question 64

An organization uses Dynamics 365 Finance.

Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting.

You need to prevent these invalid combinations.

What should you do?

Configure the account structure to specify which financial dimensions are valid for which main accounts.

Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.

Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.

Associate the correct main accounts to that financial dimension on the financial dimension setup form.

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Question 65

A legal entity has locations and customers in multiple states within the United States.

You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location.

Which three settings must you configure? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

the Sales tax group on the Customer record

the Terms of delivery setup

the Item Sales tax group on the Item record

the Sales reporting codes

the Sales tax codes

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Question 66

You are configuring Dynamics 365 Finance.

You need to implement posting definitions for all available transaction types.

For which type of transactions can you implement posting definitions?

Accounts payable, Accounts receivable, Bank, Budget, Payroll, and Purchasing

Accounts payable, Bank, Budget, Fixed assets, and Payroll

Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing

Accounts payable, Accounts receivable, Budget, and Fixed assets

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Question 67

A public sector company is configuring encumbrance for managing capital budgets.

The finance department needs to configure posting definitions for bank transactions.

You need to configure Dynamics 365 Finance for cash settlements.

What should you do?

Configure combined deposit amounts

Configure budget appropriations

Configure general ledger year-end close

Configure advanced ledger entries

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Question 68

An organization plans to set up intercompany accounting between legal entities within the organization.

Automatic transactions between legal entities must meet the following requirements:

Provide systemwide integration and streamlining to save time.

Minimize errors and create an audit trail with full visibility into business activities and transaction histories within the legal entities.

You need to set up intercompany accounting and create pairs of legal entities that can transact with each other, clearly defining the originating company and the destination company.

Which three actions should you perform? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Select intercompany journal names.

Configure intercompany accounting in both the originating entity and destination entity.

Create intercompany main accounts to use for the due to and due from accounting entries.

Define intercompany accounting setup by creating legal entity pairs defining originating and destination companies.

Configure intercompany accounting in the destination entity only.

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Question 69

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to implement a quarterly accruals scheme for USMF. The accrual scheme settings must match the settings of the monthly and annual accrual schemes.

To complete this task, sign in to the Dynamics 365 portal.

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Question 70

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

USMF plans to implement a new manufacturing department that will be based in Australia.

You need to create a draft account structure for the new department. The account structure must use the same account structure as a department named Manufacturing India and be named Manufacturing Australia.

To complete this task, sign in to the Dynamics 365 portal.

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