[Sep 16, 2021] MB-310 Dumps Full Questions - Exam Study Guide
Microsoft Dynamics 365 Free Certification Exam Material from Prep4pass with 152 Questions
NEW QUESTION 65
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,
Answer:
Explanation:
Explanation
NEW QUESTION 66
You need to troubleshoot the reporting issue for User7.
Why are some transactions being excluded?
- A. The report is correctly excluding CustomerZ transactions.
- B. The report is correctly excluding CustomerY transactions.
- C. User7 is running the report in CompanyA.
- D. User7 is running the report in CompanyB.
Answer: B
Explanation:
Explanation/Reference:
Manage and apply common processes
Question Set 1
NEW QUESTION 67
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,
Answer:
Explanation:
NEW QUESTION 68
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.
Answer:
Explanation:
NEW QUESTION 69
Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future You need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.
What should you do?
- A. Use journal control to specify which account types, are valid for the General ledger journal.
- B. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
- C. Configure the voucher series associated with this journal to allow only ledger account types.
- D. Create a journal template that has ledger as the account type and offset account type.
Answer: B
NEW QUESTION 70
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.
Answer:
Explanation:
NEW QUESTION 71
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.
Answer:
Explanation:
Explanation
NEW QUESTION 72
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below.
* Click General ledger > Reports
* Enter the Start and End dates for the report.
* Click Destinations ... to specify how you want to 'print' the report.
* Select File as the destination.
* Select the Downloads\Trial folder for the location.
* Select Microsoft Excel for the file format.
* Click OK to close the 'Print destination settings' form.
* Click OK to 'print' (save) the report to the selected destination.
NEW QUESTION 73
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:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-collections-information
NEW QUESTION 74
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.
- A. Select a fixed asset group at the line level.
- B. Enter one purchase order line, enter quantity of
- C. Select a financial dimension at the line level.
- D. Set the new fixed asset toggle to yes at the line level.
- E. Enter three purchase order lines, enter quantity of 1.
Answer: A,D,E
Explanation:
Reference:
https://www.columbusglobal.com/en-us/blog/how-to-purchase-a-fixed-asset-through-a-po-with-dynamics-365
NEW QUESTION 75
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.
- A. 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. - B. Navigate to System administration > Security > Assign users to roles
* Select the 'Accountant Closing' role.
* Click the "Manually assign / exclude users" button
* Select the "Grant access to specific organizations" option
* Select the USMF legal entity and click the "Grant" button.
Answer: A
Explanation:
Reference:
https://www.dynamics-tips.com/system-administration/security-roles
NEW QUESTION 76
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.
- A. Look at the monthly and annual accrual scheme settings. Create a quarterly accrual scheme with the same settings by using the following instructions:
* Go to Navigation pane > Modules > General ledger > Journal setup > Accrual schemes.
* Select New.
* In the Accrual identification field, type a value.
* In the Debit field, specify the desired values. The main account defined will replace the debit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions.
* In the Credit field, specify the desired values. The main account defined will replace the credit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions.
* In the Voucher field, select how you want the voucher determined when the transactions are posted.
* In the Number of occurrences by period field, enter a number.
* In the Post transactions field, select when the transactions should be posted, such as Monthly. - B. Look at the monthly and annual accrual scheme settings. Create a quarterly accrual scheme with the same settings by using the following instructions:
* Go to Navigation pane > Modules > General ledger > Journal setup > Accrual schemes.
* Select New.
* In the Accrual identification field, type a value.
* In the Description of accrual scheme field, type a value.
* In the Debit field, specify the desired values. The main account defined will replace the debit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions.
* In the Credit field, specify the desired values. The main account defined will replace the credit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions.
* In the Voucher field, select how you want the voucher determined when the transactions are posted.
* In the Description field, type a value to describe the transactions that will be posted.
* In the Period frequency field, select how often the transactions should occur.
* In the Number of occurrences by period field, enter a number.
* In the Post transactions field, select when the transactions should be posted, such as Monthly.
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/create-accrual-schemes
NEW QUESTION 77
A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
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.
Answer:
Explanation:
Explanation
NEW QUESTION 78
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 the Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Create budget plans for multiple scenarios.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: B
NEW QUESTION 79
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. Delete any contact person that they have created.
- C. View and modify contact person information, such as the person's title, email address, and telephone number.
- D. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account
Answer: A
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-vendor-collaboration
NEW QUESTION 80
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 81
A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions?
To answer, select the appropriate configuration in the answer are3. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accounti
NEW QUESTION 82
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