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Ultimate Guide to Prepare MB-310 Certification Exam for Microsoft Dynamics 365 in 2024 [Q11-Q31]

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Ultimate Guide to Prepare MB-310 Certification Exam for Microsoft Dynamics 365 in 2024

Use Real MB-310 Dumps – Microsoft Correct Answers updated on 2024

The MB-310 certification exam covers a range of topics related to Microsoft Dynamics 365 Finance, including financial management, accounts payable and receivable, budgeting, financial reporting, and more. MB-310 exam is intended to measure a candidate’s knowledge and skills in these areas, as well as their ability to use Microsoft Dynamics 365 Finance to solve real-world business problems.

 

NO.11 You need to configure the posting groups for Humongous insurance s subsidiary. Which ledger posting group field should you use?

 
 
 
 
 

NO.12 An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15th of every month in the amount of $450.00.
You need to set up, configure, and process recurring free text invoices for the customers.
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.

NO.13 A client is using Dynamics 365 Finance for sales order processing and accounts receivable. The client has two customer groups and two Accounts receivable trade accounts. Foreign customers in Group 80 are assigned to account 12001. Domestic customers in Group 40 are assigned to account 12000.
You are viewing the client’s current setup of Customer posting profiles.

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.

NO.14 A public sector company is configuring encumbrance for managing capital budgets.
The finance department needs to configure posting definitions for bank transactions.
You need to configure Dynamics 365 for Finance and Operations for cash settlements.
What should you do?

 
 
 
 

NO.15 You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to automate the allocation of a prepaid expense of 2 percent of all product sales. The allocation must be posted to account number 222222.
To complete this task, sign in to the Dynamics 365 portal.

 

NO.16 You plan to implement Dynamics 365 Finance.
You need to configure the system to meet the following requirements:
* Post vendor invoices in a journal.
* Create payments to vendors.
* Post headcount transactions.
* Process intercompany transactions.
Which journal types should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.

NO.17 A cable and interne t company implements Dynamics 365 Finance
The primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost.
You need to configure revenue recognition.
What should you configure?

 
 
 
 

NO.18 A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.
You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation, 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.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

NO.19 A company implements basic budgeting functionality in Dynamics 36S Finance.
The company wants to allocate budget register entries for payroll expense amounts to each department based on a predetermined percentage.
You need to configure the allocation.
Which functionality should you use?

 
 
 
 

NO.20 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 are a. NOTE: Each correct selection is worth one point.

NO.21 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?

 
 
 
 

NO.22

You are asked to configure the method of payments for vendors.
You are viewing an Accounts payable method of payment.
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.

NO.23 A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company.
Transactions for current employees must be recognized in the general ledger twice a month with an employee’s pay. Transactions for new employees must be recognized in the general ledger based upon the employee’s first pay date.
You need to configure accrual schemes for the new fiscal year.
Which two configurations should you use? (Choose two). Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

 
 
 
 

NO.24 A company needs to create budget plan templates for its budgeting process.
You need to create the budget plan templates.
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.

NO.25 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.
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
You need to configure the year-end setup to meet the following requirements:
* The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year’s Period 13.
* The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
* All dimensions from profit and loss must carry over into the retained earnings.
* All future and previous periods must have an On Hold status.
Solution:
* Configure General ledger parameters.
– Set the Delete close of year transactions option to Yes.
– Set the Create closing transactions during transfer option to Yes.
– Set the Fiscal year status to permanently closed option to Yes.
* Define the Year-end close template.
– Designate a retained earnings main account for each legal entity.
– Set the Financial dimensions will be used on the Opening transactions option to Yes.
– Set the Transfer profit and loss dimensions’ option to Close All.
* Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?

 
 

NO.26 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.

NO.27 You need to prevent the issue from reoccurring for User5.
What should you do?

 
 
 
 

NO.28 A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
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.

NO.29 A customer plans to implement invoice validation policies.
You need to recommend the features needed to meet each of the customer’s requirements.
What should you recommend? 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.

NO.30 You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.

NO.31 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?

 
 
 
 

Microsoft MB-310 exam measures the candidate’s ability to configure and use the core financial management and accounting modules in Microsoft Dynamics 365 Finance. Candidates will be tested on their knowledge of financial management, accounts receivable, accounts payable, budgeting, forecasting, and financial reporting. They will also be assessed on their ability to configure and use the various features available in Microsoft Dynamics 365 Finance to manage financial data, create financial reports, and analyze financial performance.

 

Microsoft Dynamics 365 -MB-310 Exam-Practice-Dumps: https://www.latestcram.com/MB-310-exam-cram-questions.html

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