[Q125-Q149] Top Microsoft MB-310 Courses Online - Updated [Sep-2023]

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Top Microsoft MB-310 Courses Online – Updated [Sep-2023]

MB-310 Practice Dumps – Verified By Real4exams Updated 228 Questions

Microsoft MB-310 exam covers a range of topics related to financial management in Dynamics 365 Finance. These include configuring and managing accounts payable and receivable, managing bank accounts and cash, configuring and using budgeting, and managing financial reporting. Additionally, the exam covers topics related to managing financial transactions, such as creating and managing journals, configuring and using financial workflows, and managing taxes.

NEW QUESTION 125
A customer plans to implement invoice validation policies.
You need to recommend the features needed to meet each of the customer’s requirements.
What should you recommend? 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.

NEW QUESTION 126
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

NEW QUESTION 127
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?

Delete any contact person that they have created.

Deny or allow a contact person’s access to documents on the vendor collaboration interface that are specific to the vendor account

View and modify contact person information, such as the person’s title, email address, and telephone number.

View consignment inventory.

NEW QUESTION 128
You need to configure revenue recognition to meet the requirements.
Which configuration should you use? To answer, drag the appropriate configurations to the correct requirements. Each configuration may be used once, more than 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

NEW QUESTION 129
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 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 Credit 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.

NEW QUESTION 130
A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.
You need to set up cost versions and prices to accomplish the manufacturer’s goal.
For which purpose should you use each costing type? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

NEW QUESTION 131
You need to ensure that User9’s purchase is appropriately recorded.
Which three steps should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

Select a fixed asset group at the line level.

Set the new fixed asset toggle to yes at the line level.

Enter three purchase order lines, enter quantity of 1.

Enter one purchase order line, enter quantity of

Select a financial dimension at the line level.

NEW QUESTION 132
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.

NEW QUESTION 133
An organization is setting up a cost accounting.
You need to set up fiscal calendars for Dynamics 365 for Finance and Operations.
What are three uses for fiscal calendars? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.

standard work hours

financial transactions

fixed asset depreciation

budget cycles

shift work hours

NEW QUESTION 134
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.

NEW QUESTION 135
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.

NEW QUESTION 136
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-pie Budget module in Dynamics 365 for Finance and Operations 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

NEW QUESTION 137
You need to configure expense management tor Humongous Insurance and its subsidiary. Which options should you use? To answer select the appropriate options in me answer area NOTE: Each correct selection is worth one point.

NEW QUESTION 138
You need to configure revenue recognition to meet the requirements.
Which configuration should you use? To answer, drag the appropriate configurations to the correct requirements. Each configuration may be used once, more than 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

NEW QUESTION 139
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

NEW QUESTION 140
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 insights workspace

Electronic reporting

Financial period close workspace

NEW QUESTION 141
You need to identify the root cause for the error that User5 is experiencing.
What should you check?

Fixed asset rules

Fixed asset determination rules

Fixed asset posting profiles

Fixed asset books

Fixed asset depreciation profiles

NEW QUESTION 142
You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight invoice to be paid to the vendor and record the expense in main account 600120 – Freight In.

NEW QUESTION 143
A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their
5,000 stocked items from a specific vendor.
The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.
You need to configure the system in the most efficient manner to achieve these requirements.
What should you do?

Configure a company matching policy of a three-way match.

Configure a company matching policy of two-way matching and specify the items that require a three-way match.

Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.

Configure a company matching policy of non-required and specify the items that require a three-way match.

Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.

NEW QUESTION 144
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days and a discount of one percent if it is paid in 14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

NEW QUESTION 145
A company manufactures and installs air filtering units for industrial manufacturing plants.
The air filtering units are manufactured to order. The com
* 25 percent at the time of the sale
* 50 percent when the unit is shipped
* 25 percent when the unit is installed
Additionally, a three-year warranty is sold with covers.
You need to configure revenue recognition.
What should you do?

Create a reallocation posting for the warranty revenue.

Create a new revenue schedule for each unit.

Create the revenue schedule so that it uses the contract terms

Create one revenue schedule with milestones.

NEW QUESTION 146

You are asked to configure the method of payments for vendors.
You are viewing an Accounts payable method of payment.
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.

NEW QUESTION 147
A client needs to configure Accounts payment vendor methods of payment to meet the following business requirements:
Configure the electronic method of payment to create one electronic payment for all of the invoices due.
Configure the system to ensure that all payments made with an electronic method of payment also forces the user to select which payment has been used.
You display the Methods of payment setup screen.

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.

NEW QUESTION 148
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: Configure a posting definition for purchase orders.
Does the solution meet the goal?

Yes

NEW QUESTION 149
A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.
You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation, 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.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.