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MB-310 Questions and Answers

Question # 4

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.

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Question # 5

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.

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.

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Question # 6

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

What should you do?

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.

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Question # 7

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.

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Question # 8

You need to configure system functionality for pickle type reporting.

What should you use?

A.

item model groups

B.

item groups

C.

procurement category hierarchies

D.

financial dimensions

E.

procurement categories

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Question # 9

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

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.

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Question # 10

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

Which feature should you use?

A.

Settle cloud transactions

B.

Accounting source explorer

C.

Settle open transactions

D.

Customer aging report

E.

Voucher transactions

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Question # 11

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.

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Question # 12

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

What should you recommend?

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 # 13

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

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.

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Question # 14

You need to troubleshoot the reporting issue for User7.

Why are some transactions being excluded?

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.

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Question # 15

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.

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Question # 16

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.

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

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Question # 17

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.

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.

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Question # 18

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.

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Question # 19

A company uses Dynamics 365 Finance to manage budgets.

You need to reallocate funds during the year.

Which budget code should you use?

A.

Carry-forward

B.

Zero-based

C.

Pre-encumbrance

D.

Transfer

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Question # 20

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 customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.

You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.

Solution: Configure item posting groups for purchase requisitions.

Does the solution meet the goal?

A.

Yes

B.

No

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Question # 21

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 client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions.

The client has the following requirements:

  • Only expense accounts require dimensions posted with the transactions.
  • Users must not have the option to select dimensions for a balance sheet account.

You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.

Solution: Configure two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.

Does the solution meet the goal?

A.

Yes

B.

No

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Question # 22

An organization is upgrading to Dynamics 365 Finance.

One of the organization's legal entities needs to have different main accounts for a period of six months.

You need to configure the legal entity override dates.

Which two actions can you perform? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

A.

Set the value of the override date field at the legal entity level to be more restrictive.

B.

Set the value of the override date field at the shared level to be more restrictive.

C.

Set the value of the override date field at the legal level to be less restrictive.

D.

Set the value of the override date field at the shared level to be less restrictive.

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Question # 23

You are a functional consultant for Contoso Entertainment System USA (USMF).

USMF recently opened a new bank account in the Brazilian currency.

You need to create a new bank account in the system for the new bank account.

To complete this task, sign in to the Dynamics 365 portal.

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Question # 24

You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities:

  • CompanyA
  • CompanyB

You need to configure intercompany accounting for both legal entities.

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.

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