[Aug-2022] Use Real MB-310 Dumps Free Sample Questions and Practice Test Engine
Pass Microsoft MB-310 exam - questions - convert Tets Engine to PDF
Career Prospects
The professionals with the Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate certification can explore different career opportunities. Some of the job titles that they can take up include a Functional Consultant, a Senior IT Manager, a Finance and Operation Manager, a Dynamics 365 Finance Consultant, a Business Analyst, and a Senior Implementation Consultant, among others. The salary outlook for these positions is an average of $65,000 per annum, while some specialists can earn as high as $176,000 per year.
Target Audience
As a rule, functional consultants that know how to work with diverse business requirements and are able to translate them into appropriate business processes as well as solutions opt for the Microsoft MB-310 test. Also, such specialists have a basic knowledge of accounting methodologies, finance operations, business customer alongside field services, manufacturing, retail, etc.
NEW QUESTION 58
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.
Answer:
Explanation:
Explanation
NEW QUESTION 59
A client has unique accounting needs that sometimes require posting definitions.
You need to implement posting definitions.
In which situation should you implement posting definitions?
- A. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
- B. when financial dimensions need to default from the vendor record onto an invoice
- C. when creating multiple balanced ledger entries based on transaction types or accounts
- D. when only certain dimensions are allowed to post with certain main account combinations
Answer: A
Explanation:
Section: Set up and configure financial management
Explanation
NEW QUESTION 60
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-versio
NEW QUESTION 61
A client uses the standard trial balance in Dynamics 365 Finance.
The client has the following requirements:
ability to run the trial balance by main account, department, and division ability to run the trial balance by just main account and department You need to ensure that these options are visible in the trial balance report parameters.
What should you configure?
- A. account structure
- B. ledger validation
- C. financial dimensions for department and division
- D. financial dimension sets
Answer: D
NEW QUESTION 62 
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.
Answer:
Explanation:
Explanation
NEW QUESTION 63
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange item in the correct order.
Answer:
Explanation:
1 - Create a category hierarchy.
2 - Assign derived financial hierarchy as the category type.
3 - Associate the derived financial hierarchy with a legal entity.
4 - Create filter rules from the category nodes in the derived financial hierarchy.
5 - Create and activate the filters in the derived financial hierarchy.
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-financial-hierarchy-public-sector
NEW QUESTION 64
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.
Answer:
Explanation:
NEW QUESTION 65
You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight invoice to be paid to the vendor and record the expense in main account 600120 - Freight In.
Answer:
Explanation:
Explanation
NEW QUESTION 66
A client confirms a safes order in Dynamics 365 for Finance and Operations. You are viewing the confirmed sales order.
Answer:
Explanation:
Explanation
NEW QUESTION 67
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to apply a constant currency exchange rate to calculate the reporting currency value of fixed assets.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below.
Explanation
The currency Translation Type needs to be set to This option uses the last rate on or before the period specified in the report regardless of what the exchange rate was at the time of purchase for each asset.
* Navigate to General Ledger Main Accounts.
* Select the Financial Reporting
* In the Reporting currency exchange rate type from the drop-down list.
* Click Save to save the changes.
NEW QUESTION 68
A company is using vendors to produce components for its products.
Journal types are not configured to support vendor invoices-
You need to identify and configure journals to use for vendor invoices.
Which journal types should you use? To answer, select the appropriate options in the answer area, NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION 69
You need to configure the budgeting module to meet Fourth Coffee's requirements.
Which configuration should you use for each task? To answer select the appropriate options in the answer m NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION 70
You need to configure system functionality for pickle type reporting.
What should you use?
- A. procurement categories
- B. item model groups
- C. item groups
- D. financial dimensions
- E. procurement category hierarchies
Answer: C
NEW QUESTION 71 
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.
Answer:
Explanation:
NEW QUESTION 72
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer.
You need to register a transaction for the sale of the machinery by using a free text invoice for fixed assets.
Which transaction type should you use?
- A. Value adjustments
- B. Disposal
- C. Acquisition
- D. Depreciation
Answer: B
NEW QUESTION 73
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.
Answer:
Explanation:
Explanation
NEW QUESTION 74
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.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-up-process-
NEW QUESTION 75
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.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-co
NEW QUESTION 76
A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions? To answer, select the appropriate configuration in the answer are3. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accounting
NEW QUESTION 77
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 company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 Finance for budget management.
You need to create the new budgets.
Solution: Create budget plans for multiple scenarios.
Does the solution meet the goal?
- A. Yes
- B. No
Answer: A
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning- overview-configuration
NEW QUESTION 78
You are configuring the Accounts payable module for a company.
The company needs to set a limit on the charges they will pay for specific items.
You need to set up the limit for charges.
Which two actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. Enable invoice matching validation in the Accounts payable parameters
- B. Enter the maximum amount when you set up the charges code
- C. Set the maximum charge amount in the Accounts payable parameters
- D. Use budget control with the specified charges code
- E. Define the maximum charge amount on the vendor record
Answer: A,B
Explanation:
Section: Implement and manage accounts payable and receivable
Explanation/Reference:
NEW QUESTION 79
You are the purchase manager of an organization. You purchase a laptop for your office for $2,000. You plan to create a purchase order and acquire the new fixed asset through the purchase order at time of invoicing.
You set up the system as follows: Fixed assets are automatically created during product receipt or vendor invoice posting and the capitalization threshold for the computers group (COMP) is set to $1,600.
You need to automatically create a fixed asset record when you post an acquisition transaction for the asset after you post the invoice.
How should you configure the fixed asset parameters to meet the criteria? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION 80
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Microsoft MB-310 Exam Syllabus Topics:
| Topic | Details |
|---|---|
Set up and configure financial management (40-45%) | |
| Define and configure the chart of accounts | - define and configure the chart of accounts and main accounts - describe use cases for main accounts categories, ledger account aliases, and balance control accounts - configure financial dimensions and dimension sets - configure legal entity overrides for financial dimensions and main accounts - create and configure account structures and advanced rules |
| Configure ledgers and currencies | - construct fiscal calendars, years, and periods - configure the ledger - describe and configure batch transfer rules - set up currencies and conversions for a legal entity - manually enter currency exchange rates |
| Implement and manage journals | - describe options for implementing voucher numbers in journals - configure journal names - set up journal controls and posting restriction rules - describe and configure journal approvals - create voucher templates - describe use cases for periodic journals - configure and apply accrual schemes - set up intercompany accounting - create templates to edit journals in Microsoft Excel - perform reverse entries |
| Implement and manage cash and bank | - create and maintain bank groups and bank accounts - describe and configure electronic payment formats - configure and process bank reconciliations including advanced bank reconciliations - configure cash flow reports |
| Implement cost accounting and cost management | - describe cost accounting processes and terms - configure cost accounting processes - create a cost accounting report by using the cost accounting report wizard - describe and configure the costing sheet and indirect costs - configure cost objects and cost groups - implement inventory costing versions - differentiate between inventory costing methodologies - configure item groups and posting profiles - perform inventory closing and adjustment processes |
| Perform periodic processes | - configure a financial period workspace and closing schedule - define and demonstrate periodic closing processes and end-of-year processes - perform financial consolidation and elimination processes - configure allocation terms for a main account - create and process ledger allocation rules - implement foreign currency revaluation processes - create and manage financial reports including modifying row, column, and report definitions |
| Configure, collect, and report taxes | - configure tax groups, tax codes, settlement periods, and jurisdiction - configure tax ledger posting groups - prepare periodic filings including end-of-year tax reporting |
Implement accounts receivable, credit, collections, and revenue recognition (15-20%) | |
| Implement and manage accounts receivable | - set up customers and customer posting profiles - configure and process free text invoices - process orders, invoices, and payments - configure customer payment setup - configure accounts receivable charges - configure bank accounts for customers - manage customer holds |
| Manage credit and collections | - configure credit management processes - configure collections management processes - manage delinquent customers - prepare and send customer account statements - manage customer credit limits and credit holds - set up and process collection letters and interest notes |
Pass Your MB-310 Exam Easily - Real MB-310 Practice Dump Updated Aug 10, 2022: https://prep4sure.real4dumps.com/MB-310-prep4sure-exam.html
