MB-310 PDF Dumps | Dec 26, 2023 Recently Updated Questions
MB-310 Exam Questions – Valid MB-310 Dumps Pdf
NEW QUESTION # 33
You need to configure system functionality for pickle type reporting.
What should you use?
- A. item model groups
- B. item groups
- C. procurement categories
- D. procurement category hierarchies
- E. financial dimensions
Answer: B
Explanation:
Explanation/Reference:
Manage and apply common processes
Question Set 1
NEW QUESTION # 34
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. Create a journal template that has ledger as the account type and offset account type.
- 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. Use journal control to specify which account types are valid for the General ledger journal.
Answer: B
Explanation:
Section: Topic 2, Manage and apply common processes
NEW QUESTION # 35
A company plans to use Dynamics 365 for Finance and Operations.
You need to configure basic budgeting.
Which set of actions must you perform?
A.
* Define a budget journal
* Define budgeting parameters and number sequences
* Create budget models
* Define budget codes
* Create budgeting workflows
B.
* Define a budget journal
* Define budgeting parameters and number sequences
* Define rules for budget transfers
* Create budget models
* Define budget codes
C.
* Define budget exchange rate types
* Define budgeting parameters and number sequences
* Define budgeting dimensions
* Create budget models
* Define budget codes
D.
* Define a budget journal
* Define budgeting parameters and number sequences
* Define budgeting dimensions
* Create budget models
* Define budget codes
Answer:
Explanation:
D
Section: Topic 4, Manage budgeting and fixed assets
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/basic-budgeting-overview-configuration
NEW QUESTION # 36
A client wants to use Dynamics 365 Finance invoice validation functionality.
You need to recommend the invoice validation functionality that meets their requirements.
Which functionality should you recommend for each requirement? To answer, drag the appropriate functionality to the correct requirement. Each functionality 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:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-
NEW QUESTION # 37
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning.
You need to invoke allocations at a specific budget planning stage.
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.
Answer:
Explanation:
1 - Create an allocation schedule on the Budget planning configuration page.
2 - Create a stage allocation on the Budget planning configuration page.
3 - Add an automated task for budget planning storage allocation at the desired workflow stage.
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allocation
NEW QUESTION # 38
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:
NEW QUESTION # 39
You need to configure the system to meet the fiscal year requirements. What should you do?
- A. Create a closing period
- B. Add an additional fiscal years
- C. Divide the twelfth period.
- D. Add an additional period to ledger calendars.
- E. Create a new fiscal calendar
Answer: A
NEW QUESTION # 40
You need to ensure accounting entries are transferred from subledgers to general ledgers.
How should you configure the batch transfer rule? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION # 41
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning.
You need to invoke allocations at a specific budget planning stage.
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.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allo
NEW QUESTION # 42
You are a consultant who is implementing Dynamics 365 Finance in your organization.
You need to set up currencies and exchange rates for a client.
Which three actions should you perform in sequence? 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 # 43
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.
- A. Classify costs according to their behavior in relation to changes in key business activities.
- B. Spread the balance of the cost from one cost object to one or more other cost objects by applying a relevant allocation base.
- C. Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.
- D. Control which journals can be used in the costing process.
- E. Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.
Answer: A,C,E
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting
NEW QUESTION # 44
You need to create Trey Research s bank accounts.
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:
1 - Create each bank account, Set the classification group to Group1.
2 - Create a bank group named Group1.
3 - Configure cash and bank management parameters.
NEW QUESTION # 45
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 # 46
A client wants to use Dynamics 365 Finance invoice validation functionality.
You need to recommend the invoice validation functionality that meets their requirements.
Which functionality should you recommend for each requirement? To answer, drag the appropriate functionality to the correct requirement. Each functionality 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:
Explanation
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-
NEW QUESTION # 47
You are setting up a budget plan to accurately portray the projected budget for a company.
You need to select the appropriate allocation method for data distribution.
Which allocation methods should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allocation
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 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: Combine budgets from multiple legal entities to a master budget.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: A
Explanation:
Section: Manage budgeting and fixed assets
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning- overview-configuration
NEW QUESTION # 49
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: Create a separate company in which you manually create the eliminations. Then, use that company in Financial reporting or in the consolidation process.
Does the solution meet the goal?
- A. No
- B. Yes
Answer: B
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
NEW QUESTION # 50
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 # 51
You are setting up of the process for an expense report approval in Dynamics 365 for Finance and Operations.
You need to assign permission for each participant in the workflow approval process to perform their tasks.
Which action can each participant perform? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/fin-and-ops/organization-administration/workf
NEW QUESTION # 52
You need to configure the budgeting module to meet Fourth Coffee's requirements.
Which configuration should you use for each task? To answer select the appropriate options in the answer m NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION # 53
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
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:
1 - Set up the From Notes in the Credit and collections module
2 - Define the collection letter sequance
3 - Link the collection letter sequance to the customer posting profile
4 - Generate the collection ;etter
5 - Post the collection letter
Reference:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
NEW QUESTION # 54
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Microsoft MB-310 exam consists of multiple-choice questions that assess the candidate's understanding of various financial management concepts, including financial operations, financial reporting, and financial management processes. MB-310 exam also evaluates the candidate's ability to manage financial reporting, configure and manage financial modules, and manage and monitor financial transactions. MB-310 exam takes 3 hours to complete, and the candidates need to score at least 700 out of 1000 to pass the exam.
MB-310 dumps Sure Practice with 235 Questions: https://www.lead2passexam.com/Microsoft/valid-MB-310-exam-dumps.html
MB-310 Practice Test Questions Answers Updated 235 Questions: https://drive.google.com/open?id=1fIy5wpuzRPu5zjeSI7X651p9ZBZkGxNF