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Microsoft MB-310 Microsoft Dynamics 365 Finance Exam Practice Test

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Total 293 questions

Microsoft Dynamics 365 Finance Questions and Answers

Question 1

You need to troubleshoot the reporting issue for User7.

Why are some transactions being excluded?

Options:

A.

User7 is running the report in CompanyB.

B.

User7 is running the report in CompanyA.

C.

The report is correctly excluding CustomerY transactions.

D.

The report is correctly excluding CustomerZ transactions.

Question 2

The posting configuration for a purchase order is shown as follows:

Question # 2

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.

Question # 2

Options:

Question 3

You need to view the results of Fourth Coffee Holding Company's consolidation.

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Which three places show the results of financial consolidation? Each correct answer presents a complete

solution.

NOTE: Each correct selection is worth one point.

Options:

A.

a financial report run against the company Fourth Coffee

B.

a trial balance in the Fourth Coffee Holding Company

C.

a trial balance in the company Fourth Coffee

D.

a financial report run against the Fourth Coffee Holding Company

E.

the consolidations form in Fourth Coffee Holding Company

Question 4

You need to configure settings to resolve User1’s issue.

Which settings should you use? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 4

Options:

Question 5

You need to configure the system to resolve User8's issue.

What should you select?

Options:

A.

the Standard sales tax checkbox

B.

the Conditional sales tax checkbox

C.

a main account in the settlement account field

D.

a main account in the sales tax payable field

Question 6

You need to correct the sales tax setup to resolve User5's issue.

Which three actions should you perform? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Options:

A.

Populate the sales tax code on the sales order line.

B.

Assign the sales tax group to CustomerY.

C.

Assign the relevant sales tax code to both the sales tax and item sales tax groups.

D.

Populate the item sales tax group field on the sales order line.

E.

Populate the sales tax group field on the sales order line.

Question 7

You need to prevent a reoccurrence of User2’s issue.

How should you configure the system? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 7

Options:

Question 8

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.

Options:

A.

Select a fixed asset group at the line level.

B.

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

C.

Enter three purchase order lines, enter quantity of 1.

D.

Enter one purchase order line, enter quantity of 3.

E.

Select a financial dimension at the line level.

Question 9

You need to determine why CustomerX is unable to confirm another sales order.

What are two possible reasons? Each answer is a complete solution.

NOTE: Each correct selection is worth one point.

Options:

A.

The credit limit parameter is set to Balance + All.

B.

The credit limit is set to 0.

C.

An inventory item is out of stock.

D.

The inventory safety stock is set to 0.

Question 10

You need to configure settings to resolve User8’s issue.

What should you select?

Options:

A.

a main account in the sales tax payable field

B.

a main account in the settlement account field

C.

the Conditional sales tax checkbox

D.

the Standard sales tax checkbox

Question 11

You need to assist User3 with generating a deposit slip to meet Fourth Coffee's requirement.

Which five 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.

Question # 11

Options:

Question 12

You need to configure credit card processing for all three companies

Which option should you use? To answer, select the appropriate options m the answer area

NOTE: Each correct selection is worth one point.

Question # 12

Options:

Question 13

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.

Question # 13

Options:

Question 14

You need to validate the sales tax postings for Tennessee and Alabama.

Which tax selections meet the requirement? To answer. select the appropriate options in the answer area

NOTE: Each correct selection is worth one point.

Question # 14

Options:

Question 15

You need to configure the system to meet the fiscal year requirements. What should you do?

Options:

A.

Add an additional period to ledger calendars.

B.

Add an additional fiscal years

C.

Divide the twelfth period.

D.

Create a new fiscal calendar

E.

Create a closing period

Question 16

You need to address the employees issue regarding expense report policy violations.

Which parameter should you use?

Options:

A.

Validate expense purpose

B.

Pre-authorization of travel is mandatory

C.

Evaluate expense management policies

D.

Policy rule type

Question 17

You need to identify the posting issue with sales order 1234.

What should you do?

Options:

A.

Correct the recognition basis.

B.

Validate that the revenue recognition schedule is populated on the sales order header.

C.

Update the revenue price allocation.

D.

Validate that the revenue recognition schedule is populated on the sales order line.

E.

Correct the recognition convention.

Question 18

You need to prevent prohibited expenses from posting.

Which configurations should you use? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 18

Options:

Question 19

You need to configure the expense module for reimbursement.

How should you configure the expense module? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 19

Options:

Question 20

You need to address the posting of sales orders to a closed period.

What should you do?

Options:

A.

Permanently close the period for all modules.

B.

Divide the period.

C.

Use a ledger calendar to update period status.

D.

Permanently close the fiscal year.

E.

Use a ledger calendar to update module access.

Question 21

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

Question # 21

Options:

Question 22

You need in BUI that captured employee mobile receipts automatic ally match the transactions to resolve the User1 issue.

Which feature should you enable?

Options:

A.

Show receipts during itemization

B.

Define expense policy for receipts

C.

Expense management workspace

D.

Expense reports re-imagined

Question 23

You need to identify why the sales orders where sent to customers.

Which configuration allowed the sales orders to be sent? To answer, select the appropriate configuration in the answer area.

NOTE: Each correct select is worth one point.

Question # 23

Options:

Question 24

You need to configure recognition.

Which revenue type is associated with the line of business? To answer, drag the appropriate revenue types to the correct lines of business. Each revenue 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.

Question # 24

Options:

Question 25

A customer implements Dynamics 365 Finance You need to configure bank reconciliation settings.

What should you do? To answer, drag the appropriate configuration options to the correct requirements.

Each configuration option may be used once, more than once, or not at all you may need to drag the spirt bar between panes or scroll to view content.

NOTS: Each correct selection is worth one point.

Question # 25

Options:

Question 26

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?

Options:

A.

Yes

B.

No

Question 27

You need to enforce financial budgets for management and resolve User As issue. What should you do?

Options:

A.

Configure budget control threshold.

B.

Create a schema for formulating budget.

C.

Create a new organizational hierarchy.

D.

Apply security rules to budget plans.

Question 28

You need to set up financial reports to meet management requirements. What should you do? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Options:

A.

Set up a report schedule to generate a report on a monthly basis for a reporting group.

B.

Set up a report schedule to generate an individual report on a monthly basis.

C.

Set up a reporting tree definition.

D.

Create a report group.

Question 29

You need to resolve the accounts payable manager issue and resolve the user acceptance testing bug reported by the accounts payable clerk.

How should you configure the system? To answer, move the appropriate Value to the correct Parameter. You may use each Value once, more than once, or not at all. You may need to move the split bar between panes or scroll to view content.

NOTE: Each correct selection is worth one point.

Question # 29

Options:

Question 30

You need to resolve the issue related to monthly lease expenses.

How should you configure asset leasing? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 30

Options:

Question 31

You need to select the functionality to meet the requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used 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.

Question # 31

Options:

Question 32

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.

Question # 32

Options:

Question 33

You need to identify the root cause for the error that User5 is experiencing.

What should you check?

Options:

A.

Fixed asset rules

B.

Fixed asset determination rules

C.

Fixed asset posting profiles

D.

Fixed asset books

E.

Fixed asset depreciation profiles

Question 34

You need to configure Accounts Receivable to take pre-orders.

Which feature should you use?

Options:

A.

Settle cloud transactions

B.

Accounting source explorer

C.

Settle open transactions

D.

Customer aging report

E.

Voucher transactions

Question 35

You need to configure the system to meet invoicing requirement.

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 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.

Question # 35

Options:

Question 36

You need to determine the root cause for User1’s issue.

Which configuration options should you check? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 36

Options:

Question 37

You need to recommend a solution to prevent User3's issue from recurring.

What should you recommend?

Options:

A.

Configure automatic charge codes.

B.

Create a service item.

C.

Configure a sales order template.

D.

Create a procurement category.

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Question 38

You need to configure system functionality for pickle type reporting.

What should you use?

Options:

A.

item model groups

B.

item groups

C.

procurement category hierarchies

D.

financial dimensions

E.

procurement categories

Question 39

Which configuration makes it possible for User4 to make a purchase?

Options:

A.

Budget model configuration is configured to allow certain purchases to exceed budget.

B.

Budget is posted at the dimension level. Budget control is managed at main account level.

C.

Budget funds available are configured to allow dimension budget overrides.

D.

Budget is posted at the main account level. Budget control is managed at the department level.

Question 40

You need to configure ledger allocations to meet the requirements.

What should you configure? To answer, drag the appropriate setups to the correct requirements. Each setup 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.

Question # 40

Options:

Question 41

You need to configure the system to meet the budget preparation requirements.

What should you do? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 41

Options:

Question 42

You need to resolve the issue that User4 reports.

What should you do?

Options:

A.

Change the status of the vendor collaboration request

B.

Create a vendor account with the systemexternaluser role and the vendor admin (external) role

C.

Remove the externalsystemuser role from the vendor

D.

Manually create the vendor account with the systemuser role

Question 43

You need to prevent the issue from reoccurring for User5.

What should you do?

Options:

A.

Use the audit list search query type.

B.

Set up the aggregate query type for entertainment expenses.

C.

Set up the sampling query type for entertainment expenses.

D.

Add more keywords to the audit policy.

Question 44

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.

Question # 44

Options:

Question 45

You need to acquire the fixed assets that are associated with the purchase orders.

What should you do?

Options:

A.

Select the fixed asset checkbox on the invoice.

B.

Create the fixed assets in the fixed asset module and then acquire the asset.

C.

Create the fixed assets in the fixed asset module and then select the fixed asset checkbox on the product

receipt.

D.

Reverse the product receipt and then repost it.

Question 46

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?

Options:

A.

Post invoices with discrepancies is set to require approval.

B.

Match invoice totals is set to yes.

C.

Three-way match policy is configured.

D.

Two-way match policy is configured.

E.

Post invoices with discrepancies is set to allow with warning.

Question 47

You need to determine the cause of the issue that User1 reports.

What are two possible causes for the issue? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Options:

A.

The account structure is in draft status.

B.

The account structure has quotations for all dimensions.

C.

User1 s security is incorrectly set up.

D.

The account structure has an asterisk for all dimensions.

E.

The financial dimensions were created in the incorrect legal entity.

Question 48

You need to adjust the sales tax configuration to resolve the issue for User3.

What should you do?

Options:

A.

Create multiple settlement periods and assign them to the US tax vendor.

B.

Create multiple sales tax remittance vendors and assign them to the settlement period.

C.

Run the payment proposal to generate the sales tax liability payments.

D.

Create a state-specific settlement period and assign the US tax vendor to the settlement period.

Question 49

You need to configure budget planning for Alpine Ski House Corporate.

Which two components should you configure? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Options:

A.

budget control workflow

B.

budget planning workflow

C.

operational budget register entry IS

D.

organizational hierarchy

E.

budget planning hierarchy

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Total 293 questions