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Microsoft MB-310 Microsoft Dynamics 365 Finance Exam Practice Test

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Total 282 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

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 # 2

Options:

Question 3

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 4

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 5

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 6

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 7

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 # 7

Options:

Question 8

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

Question # 8

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 # 8

Options:

Question 9

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 10

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 # 10

Options:

Question 11

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 12

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 # 12

Options:

Question 13

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 # 13

Options:

Question 14

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 15

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 16

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 # 16

Options:

Question 17

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 18

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 19

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 20

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 # 20

Options:

Question 21

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 # 21

Options:

Question 22

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 # 22

Options:

Question 23

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 24

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.

Options:

A.

standard work hours

B.

financial transactions

C.

fixed asset depreciation

D.

budget cycles

E.

shift work hours

Question 25

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?

Options:

A.

Associate the correct main accounts to that financial dimension on the financial dimension setup form.

B.

Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.

C.

Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.

D.

Configure the account structure to specify which financial dimensions are valid for which main accounts.

Question 26

A company implements basic budgeting functionality in Dynamics 365 Finance.

Budget managers must be notified of a budget register posting task after a finance director approves an entry.

You need to configure the system.

Which workflow element should you use?

Options:

A.

Update budget balances budget register

B.

Approve budget account entry

C.

Commitment approval

D.

Budget planning stage allocation

Question 27

You are using Microsoft Dynamics 365 finance

You need to acquire a fixed asset.

What are three possible ways to achieve the goal? Each correct answer presents a complete solution

NOTE: bath collect selection is worth one point.

Options:

A.

Select a fixed asset account type and transaction type acquisition in a general journal.

B.

Eliminate an investment project once it is finished

C.

Use a budget plan.

D.

Select a fixed asset procurement category on the purchase order line

E.

Use a sates invoice.

Question 28

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.

Options:

A.

Select all the bank accounts for the bank statement files, and then upload all files

B.

Select Account reconciliation on the bank account form

C.

Import bank statements from the Data management workspace

D.

Navigate to Import statement on the Bank Statements page of Cash and Bank Management

E.

Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file

Question 29

You need to configure the cash flow management reports.

How should you configure cash flow management? To answer, select the appropriate options m the answer area.

NOTE: Each correct selection is worth one point.

Question # 29

Options:

Question 30

You need to ensure the promotional gifts are posted to the correct account. What should you use?

Options:

A.

Classification groups

B.

Item groups

C.

Field groups

D.

Customer credit groups

E.

Bank groups

Question 31

You need to configure credit card processing for all three companies.

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

NOTE: Each correct selection is worth one point.

Question # 31

Options:

Question 32

You need to reconfigure the taxing jurisdiction for Humongous insurance's subsidiary What should you do?

Options:

A.

Configure sales tax groups for transactions that occur in China.

B.

Configure dual currency support for sales fax

C.

Change the reporting currency.

D.

Change the sales tax settlement period authority

Question 33

You need to configure the fiscal year calendars for each legal entity.

How should you configure the fiscal year calendars? To answer, select me appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 33

Options:

Question 34

You need to configure the posting groups for Humongous insurance s subsidiary. Which ledger posting group field should you use?

Options:

A.

Sales tax receivable

B.

Use tax expense

C.

Use tax payable

D.

Sales tax payable

E.

Customer case discount

Question 35

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.

Question # 35

Options:

Question 36

You need to ensure Trey Research meets the compliance requirement.

Which budget technology should you implement? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point

Options:

A.

budget codes

B.

the Excel budget template

C.

set-based budget processing

D.

budgeting workflows

Question 37

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 # 37

Options:

Question 38

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.

Question # 38

Options:

Question 39

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 # 39

Options:

Question 40

You need to configure currencies for the legal entities.

configure currencies? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 40

Options:

Question 41

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 # 41

Options:

Question 42

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 # 42

Options:

Page: 1 / 28
Total 282 questions