[Feb-2023] Exam MB-310: New Brain Dump Professional - RealValidExam
Free MB-310 Exam Dumps to Improve Exam Score
Target Audience
As a rule, functional consultants that know how to work with diverse business requirements and are able to translate them into appropriate business processes as well as solutions opt for the Microsoft MB-310 test. Also, such specialists have a basic knowledge of accounting methodologies, finance operations, business customer alongside field services, manufacturing, retail, etc.
NEW QUESTION 34
You need to process expense allocations.
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 net 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:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rules
NEW QUESTION 35
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 for Finance and Operations for cash settlements.
What should you do?
- A. Configure advanced ledger entries
- B. Configure combined deposit amounts
- C. Configure budget appropriations
- D. Configure general ledger year-end close
Answer: B
Explanation:
Section: Set up and configure financial management
NEW QUESTION 36
A rental service company with complex accrual requirements has accrual schemes set up in its implementation. They want to use defined accrual schemes to perform transactions.
You need to use an accrual scheme to create transactions for this company.
Which actions should you perform? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION 37
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
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/general-journal-processing
NEW QUESTION 38
You are setting up main accounts in Dynamics 365 for Finance and Operations.
You need to configure the main accounts to meet the requirements.
Which options should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION 39
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.
Answer:
Explanation:
Explanation
NEW QUESTION 40
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,
- A. Budget register entry lines must select only one account structure.
- B. The budget register entries can contain either Expense or Revenue amount types.
- C. The budget register entry journals require both Expense and Revenue amount types.
- D. Budget register entry journals must be allocated across all fiscal periods.
- E. Budget register entry line needs a main account and amount to be valid.
Answer: A,B
NEW QUESTION 41
You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities:
* CompanyA
* CompanyB
You need to configure intercompany accounting for both legal entities.
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.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.
Answer:
Explanation:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-accounting-setup
NEW QUESTION 42
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations, The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate online in Finance and Operations. Include eliminations during the process or as a proposal. Setup the transactions to post in the legal entity configured for consolidations.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
NEW QUESTION 43
A company has delinquent customers.
You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:
* Send communication to the customers detailing their past-due invoices.
* Use the system to automatically calculate a late charges,
* Create a group of customers for a collection agent to monitor.
* View a list of customers with colored indicators of a customer's payment status.
You need to associate the correct system functionality to manage delinquent customers based on these business requirements.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-collections-information
NEW QUESTION 44
A client has unique accounting needs that sometimes require posting definitions.
You need to implement posting definitions.
In which situation should you implement posting definitions?
- A. when financial dimensions need to default from the vendor record onto an invoice
- B. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
- C. when creating multiple balanced ledger entries based on transaction types or accounts
- D. when only certain dimensions are allowed to post with certain main account combinations
Answer: B
NEW QUESTION 45
You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact.
You need to assign the Vendor (external) role to this vendor.
Which tasks can this vendor perform?
- A. View consignment inventory.
- B. View and modify contact person information, such as the person's title, email address, and telephone number.
- C. Delete any contact person that they have created.
- D. Activate or inactivate the association between a contact person and a vendor account.
Answer: A
Explanation:
Note:
There are several versions of this question in the exam. The question has two possible correct answers:
1. View consignment inventory.
2. Maintain vendor collaboration invoices.
Other incorrect answer options you may see on the exam include the following:
1. Add a new or existing contact person to the vendor accounts that they are a contact for.
2. Request a new user account for a contact person by using the Provision user action.
3. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account.
4. Maintain vendor collaboration invoices.
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain- vendor-collaboration
NEW QUESTION 46
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-fi
NEW QUESTION 47
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.
Answer:
Explanation:
NEW QUESTION 48
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 customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.
You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.
Solution: Set up posting definitions for purchase requisitions.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
NEW QUESTION 49
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,
- A. Create a separate closing schedule for every legal entity.
- B. Create task areas and descriptions.
- C. Assign a ledger calendar to the closing process.
- D. Create templates that contain the required tasks within the closing process and assign to closing role.
- E. Designate resources and their scope based on closing roles.
Answer: B,D,E
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-period-close-workspace
NEW QUESTION 50
A client uses the standard trial balance in Dynamics 365 Finance.
The client has the following requirements:
ability to run the trial balance by main account, department, and division ability to run the trial balance by just main account and department You need to ensure that these options are visible in the trial balance report parameters.
What should you configure?
- A. financial dimensions for department and division
- B. ledger validation
- C. account structure
- D. financial dimension sets
Answer: D
NEW QUESTION 51
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.
- A. 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.
Click 'OK'. - B. 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'.
Answer: B
NEW QUESTION 52
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION 53
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 are configuring the year-end setup in Dynamics 365 Finance.
You need to configure the year-end setup to meet the following requirements:
* The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13.
* The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
* All dimensions from profit and loss must carry over into the retained earnings.
* All future and previous periods must have an On Hold status.
Solution:
* Configure General ledger parameters.
- Set the Delete close of year transactions option to Yes.
- Set the Create closing transactions during transfer option to Yes.
- Set the Fiscal year status to permanently closed option to No.
* Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions' option to Close All.
* Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: B
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
NEW QUESTION 54
A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.
You need to configure the client's system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:
* Include the main account and all four dimensions.
* Include the main account and only the business unit and cost center dimensions.
What should you configure?
- A. two account structures
- B. two derived financial dimension hierarchies
- C. all financial dimensions by using the group dimension functionality
- D. two financial dimension sets
Answer: D
Explanation:
Section: Manage and apply common processes
NEW QUESTION 55
You work for a company that receives invoices in foreign currencies.
You need to configure the currency exchange rate provider and exchange rate types.
What should you do?
- A. Use a developer to write the XML key values code to configure the currency exchange rate providers.
Then, use the provider for importing a currency exchange rate type. - B. Select the appropriate HTML key values from the available exchange rate providers. Then, use the provider for importing one currency exchange.
- C. Use a developer to write the HTML key values code to configure the currency exchange rate providers.
Then, use the provider for importing a currency exchange rate type. - D. Configure exchange rate provider, create exchange rate type, and import the currency exchange rates.
Answer: D
Explanation:
Section: Topic 2, Manage and apply common processes
Explanation/Reference:
References:
https://community.dynamics.com/365/financeandoperations/b/365operationsbysandeepchaudhury/posts/ configure-currency-exchange-rate-providers-and-import-exchange-rates-automatically-in-dynamics-365-for- finance-and-operations
NEW QUESTION 56
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.
Answer:
Explanation:
1 - Crate a category hierarchy.
2 - Assign derived financial hierarchy as the category type.
3 - Associate the derived financial hierarchy with a legal entity.
4 - Create filter rules from the category nodes in the derived financial hierarchy.
5 - Crate and activate the filters in the derived financial hierarchy.
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-financial-hierarchy-public-sector
NEW QUESTION 57
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.
- A. Create a sales invoice to record and register the fixed asset
- B. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal
- C. Use the sales order process to acquire the asset
- D. Eliminate the project to a fixed asset
- E. Select an acquisition transaction type within a fixed asset journal
Answer: B,D,E
NEW QUESTION 58
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Exam MB-310: Microsoft Dynamics 365 Finance
Candidates for this exam are Functional Consultants who analyze business requirements and translate those requirements into fully realized business processes and solutions that implement industry best practices. Candidates serve as a key resource in implementing and configuring applications to meet business requirements.
Candidates for this exam must have a fundamental understanding of accounting principles and financial operations of businesses including accounts payables and accounts receivables, taxes, costing principles, fixed assets, and budgeting.
Part of the requirements for: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate
You can read the Microsoft MB-310 Certification Exam topics below
Candidates must know the exam topics before they start of preparation. Because it will really help them in hitting the core. Our Microsoft MB-310 exam dumps will include the following topics:
- Manage and apply common processes (20-25%)
- Set up and configure financial management (35-40%)
- Manage budgeting and fixed assets (15-20%)
- Implement and manage accounts payable and receivable (20-25%)
Powerful MB-310 PDF Dumps for MB-310 Questions: https://www.realvalidexam.com/MB-310-real-exam-dumps.html
2023 Realistic MB-310 Dumps Exam Tips Test Pdf Exam Material: https://drive.google.com/open?id=1ed-_FuDHKGG1vE6PuKUxppL4zHrRJ9FY
