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Microsoft MB-310 Practice Test - Questions Answers, Page 8

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Question 71

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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.

Suggested answer: A
Explanation:

Answer: A

Explanation:


Navigate to System administration > Security > Assign users to roles

Select the 'Accountant Closing' role.

Click the "Manually assign / exclude users" button

Select the Theresa Jayne user account and click the "Assign to role" button.

Click the "Assign organizations" button

Select the "Grant access to specific organizations" option

Select the USMF legal entity and click the "Grant" button.

Reference:

https://www.dynamics-tips.com/system-administration/security-roles

asked 05/10/2024
GULNUR FICICILAR
34 questions

Question 72

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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.

Suggested answer: A
Explanation:

Answer: A

Explanation:


Navigate to Tax > Declarations > Report sales tax for settlement period.

Enter the 'From' date.

Select the settlement period (Quarter).

Click 'OK'.

Select Yes in the Create electronic tax document field.

Select the Downloads\Report folder and file format.

Click 'OK'.

asked 05/10/2024
Fahrurrazi .
29 questions

Question 73

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You are a Dynamics 365 Finance expert for an organization.

You need to configure the Financial period close workspace.

Which three configuration processes should you use? Each correct answer presents a part of the solution.

NOTE: Each correct selection is worth one point.

Create templates that contain the required tasks within the closing process and assign to closing role.

Create templates that contain the required tasks within the closing process and assign to closing role.

Create a separate closing schedule for every legal entity.

Create a separate closing schedule for every legal entity.

Assign a ledger calendar to the closing process.

Assign a ledger calendar to the closing process.

Create task areas and descriptions.

Create task areas and descriptions.

Designate resources and their scope based on closing roles.

Designate resources and their scope based on closing roles.

Suggested answer: A, D, E
Explanation:

Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-period-close-workspace

asked 05/10/2024
Arash Farivarmoheb
47 questions

Question 74

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You are a Dynamics 365 Finance consultant.

You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system.

You need to resolve the issue.

What should you configure?

Financial reporting

Financial reporting

Financial insights workspace

Financial insights workspace

Electronic reporting

Electronic reporting

Financial period close workspace

Financial period close workspace

Suggested answer: D
Explanation:

Section: [none]

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-period-close-workspace

asked 05/10/2024
nico farina
47 questions

Question 75

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You are a Dynamics 365 Finance consultant. You plan to configure the allocation base, cost behavior, and cost distribution.

Which three actions do these configurations accomplish? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.

Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.

Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.

Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.

Spread the balance of the cost from one cost object to one or more other cost objects by applying a relevant allocation base.

Spread the balance of the cost from one cost object to one or more other cost objects by applying a relevant allocation base.

Control which journals can be used in the costing process.

Control which journals can be used in the costing process.

Classify costs according to their behavior in relation to changes in key business activities.

Classify costs according to their behavior in relation to changes in key business activities.

Suggested answer: B, C, E
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting

asked 05/10/2024
Perry Schoenmaker
40 questions

Question 76

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You are a finance consultant. Your client needs you to configure cash flow forecasting.

The client wants specific percentages of main accounts to contribute to different cash flow forecasts for other main accounts.

You need to configure Dynamics 365 for Finance to meet the needs of the client.

What should you do?

On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account.

On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account.

Configure the parent/child relationship for the main account and subaccounts by using appropriate percentages.

Configure the parent/child relationship for the main account and subaccounts by using appropriate percentages.

Configure the cash flow forecasting setup for Accounts Payable before you configure vendor posting profiles.

Configure the cash flow forecasting setup for Accounts Payable before you configure vendor posting profiles.

On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account.

On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account.

Suggested answer: D
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting

asked 05/10/2024
GREGORY DROUIN
39 questions

Question 77

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A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders.

You need to automatically calculate sales tax when the sales order is created.

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

NOTE: Each correct selection is worth one point.

Assign values to the sales tax codes and assign the sales tax codes to the sales tax group associated to the customer.

Assign values to the sales tax codes and assign the sales tax codes to the sales tax group associated to the customer.

Assign all sales tax codes to the item sales tax group associated to the item being sold.

Assign all sales tax codes to the item sales tax group associated to the item being sold.

Set up a default item sales tax group on the item being sold and set up a default sales tax group on the customer used on the sales order.

Set up a default item sales tax group on the item being sold and set up a default sales tax group on the customer used on the sales order.

Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold.

Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold.

Set up a default sales tax code on the customer used on the sales order and set up a default item sales tax group on the item being sold.

Set up a default sales tax code on the customer used on the sales order and set up a default item sales tax group on the item being sold.

Suggested answer: A, B, E
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview

asked 05/10/2024
Alper Atar
38 questions

Question 78

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A client wants Dynamics 365 Finance to calculate sales tax on a sales order line once an item is added. The sales tax group is already populated with a value.

You need to ensure that the sales tax will calculate.

Which field should you populate?

sales tax code

sales tax code

item group

item group

customer address

customer address

item sales tax group

item sales tax group

Suggested answer: D
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview

asked 05/10/2024
Babatunde Badiru
44 questions

Question 79

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A customer uses the sales tax functionality in Dynamics 365 Finance.

The customer reports that when a sales order is created, sales tax does not calculate on the line.

You need to determine why sales tax is not calculated.

What are two possible reasons? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

The sales tax group is populated on the line, but the item sales tax group is missing.

The sales tax group is populated on the line, but the item sales tax group is missing.

The sales tax settlement account is not configured correctly.

The sales tax settlement account is not configured correctly.

The sales tax authority is not set up for the correct jurisdiction.

The sales tax authority is not set up for the correct jurisdiction.

The sales tax code and item sales tax code are selected, but the sales tax group is not associated to both codes.

The sales tax code and item sales tax code are selected, but the sales tax group is not associated to both codes.

The sales tax group and item sales tax group are selected, but the sales tax code is not associated with both groups.

The sales tax group and item sales tax group are selected, but the sales tax code is not associated with both groups.

Suggested answer: A, E
Explanation:

Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/set-up-sales-tax-groups-item-sales-tax-groups

asked 05/10/2024
RYAN UBANA
46 questions

Question 80

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SIMULATION

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

USMF recently opened a new bank account in the Brazilian currency.

You need to create a new bank account in the system for the new bank account.

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

Suggested answer: A
Explanation:

Answer: A

Explanation:


1. Create a new bank account at Cash and bank management > Bank accounts > Bank accounts.

2. Complete all required fields. The following list includes some fields that might be required.

Bank account (code)

Bank account number

Main account - This is the general ledger account that is used for posting.

Currency

SWIFT code

Select Bank in the Bank groups field. Confirm that the BIC and Corr. Bank account fields are correct. Also, confirm Address and Contact information on respective FastTabs and update accordingly.

Define the number series for payment order generation in the P/O numeration field.

For bank accounts in foreign currency, you can also define .docx templates for generation of payment orders in paper format in the following fields: Payment order in currency, Order template (currency sale), and Order template (currency purchase).

Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/localizations/rus-local-settings-requisites-bank-module

asked 05/10/2024
Edgar Alvarez
42 questions
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