Updated Jan-2022 Test Engine to Practice MB-310 Dumps & Practice Exam
Dumps Collection MB-310 Test Engine Dumps Training With 152 Questions
Important Details
The candidates for this certification exam are Functional Consultants. These specialists analyze the business prerequisites and translate the same into completely realized business procedures and solutions that utilize industry best practices. These professionals function as a core resource in the implementation and configuration of applications that fulfill the business requirements.
The Microsoft MB-310 exam does not have any official prerequisites. However, the test takers must have a basic understanding and knowledge of financial operations and accounting principles, including accounts receivables and accounts payables, costing principles, budgeting, taxes, and fixed assets.
NEW QUESTION 20
A client plans to use financial statements in Dynamics 365 Finance. The client wants to process the statements by using various combinations of the components to create custom reports.
You need to associate the report components to the purpose.
Which report components should you use for each purpose? To answer, drag the appropriate component to the correct purpose. Each component 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:
Reference:
https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/financial-report-components
NEW QUESTION 21
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:
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration
NEW QUESTION 22
You need to configure the system to for existing purchasing contracts.
Which commitment types should you use? To answer, drag the appropriate commitment types to the correct requirements. Each commitment type 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/supply-chain/procurement/tasks/create-purchase-agreement
NEW QUESTION 23
A client is implementing fixed assets in Dynamics 365 Finance.
You need to specify which parameters should be configured to meet the business requirements.
Which parameters meet the requirements? To answer, drag the appropriate parameters to the correct requirements. Each parameter 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/fixed-assets/tasks/set-up-fixed-asset-posting-profiles
https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/set-up-fixed-assets
NEW QUESTION 24
An organization uses Dynamics 365 for Finance and Operations.
Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting.
You need to prevent these invalid combinations.
What should you do?
- A. Configure the account structure to specify which financial dimensions are valid for which main accounts.
- B. Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.
- C. Associate the correct main accounts to that financial dimension on the financial dimension setup form.
- D. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.
Answer: A
Explanation:
Section: Set up and configure financial management
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/configure-account- structures
NEW QUESTION 25
The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are purchased totaling USD1,000.
When the purchase invoice is prepared, USD10,000 is keyed in by mistake.
Which configuration determines the result for this intercompany trade scenario?
- A. Match invoice totals is set to yes.
- B. Post invoices with discrepancies is set to allow with warning.
- C. Two-way match policy is configured.
- D. Three-way match policy is configured.
- E. Post invoices with discrepancies is set to require approval.
Answer: D
NEW QUESTION 26
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?
- A. Configure a company matching policy of non-required and specify the items that require a three-way match.
- B. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.
- C. Configure a company matching policy of a three-way match.
- D. 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.
- E. Configure a company matching policy of two-way matching and specify the items that require a three-way match.
Answer: B
NEW QUESTION 27
An organization is setting up 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.
- A. financial transactions
- B. shift work hours
- C. standard work hours
- D. budget cycles
- E. fixed asset depreciation
Answer: A,D,E
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal-years-periods
NEW QUESTION 28
You are a controller for a public sector organization. You need detailed fiscal tracking and reporting.
You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund type may be used once, more than once, or not at all. You may need to dreg the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION 29
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 Form Notes in the Credit and collections module.
2 - Define the collection letter sequence.
3 - Link the collection letter sequence to the customer posting profile.
4 - Generate the collection letter.
5 - Post the collection letter.
Explanation:
References:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
NEW QUESTION 30
You are setting up the yearly budget for an organization for the year 2019.
You need to set up the budget register entries.
Which two fields must be set up when creating register entries? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. Budget code
- B. Budget manager
- C. Budget cycle
- D. Budget model
Answer: A,D
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/basic-budgeting-overview-configuration
NEW QUESTION 31
A client is using the budget planning process in Dynamics 365 for Finance and Operations.
Your client requires the ability to plan for a one-year, three-year, and five year-budget.
You need to configure the various year length options to be used in the budgeting module.
What should you do?
- A. Configure budget codes
- B. Configure budget cycles
- C. Configure budget allocation terms
- D. Configure budget control
Answer: A
Explanation:
Section: Manage budgeting and fixed assets
NEW QUESTION 32
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:
NEW QUESTION 33
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:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
NEW QUESTION 34
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.
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions
NEW QUESTION 35
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Ideal MB-310 Audience
This test is designed primarily for all of the functional analysts tasked with the responsibility of examining a plethora of business requirements and also deciphering each of these elements into fully functional business processes. Also, these specialists must be able to implement and configure applications with the aim of satisfying business requirements. Then, such a test is also created for candidates that are specialists in the existing Microsoft Dynamics 365 Finance domain touching on such notions as supply chain industry, management, business, etc. Besides these, candidates with knowledge of various accounting principles, as well as financial operations of businesses, field service, retailing, etc. are ideal candidates for MB-310.
Microsoft MB-310 Dumps Cover Real Exam Questions: https://www.briandumpsprep.com/MB-310-prep-exam-braindumps.html
Real MB-310 dumps - Real Microsoft dumps PDF: https://drive.google.com/open?id=1zRHLyhJnQwayji3kMxV-3ur523oP93is
