Microsoft Mb-310 Training Materials 2021

NEW QUESTION 1
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-c

NEW QUESTION 2
You are implementing a Dynamics 365 for Finance and Operations General ledger module for a client that has multiple legal entities.
The client has the following requirements:
• Post journal entries for all companies from one legal entity.
• Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.
• Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.
• Set up fixed or variable allocations, and then review the allocations in a journal before posting,
• Automatically post year-end results to account 30016 during year-end close. You need to configure the system.
Which system capability should you configure? To answer, select the appropriate configuration in the answer area.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 3
A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements:
* Distribute overhead utility expense to each department.
* Define how and in what proportion the source amounts must be distributed on various destination lines. You need to configure the allocation rule. Which allocation method should you use?

• A. Fixed percentage
• B. Equally
• C. Basis
• D. Fixed weight

Answer: C

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/ledger-allocation-rul

NEW QUESTION 4
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers transaction for the sale of the machinery by using a free text invoice for fixed assets. Which transaction type should you use?

• A. Disposal
• B. Acquisition
• C. Value adjustments
• D. Depreciation

Answer: A

NEW QUESTION 5
You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor. Which tasks can this vendor perform?

• A. Delete any contact person that they have created.
• B. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account
• C. View and modify contact person information, such as the person's title, email address, and telephone number.
• D. View consignment inventory.

Answer: D

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-ve

NEW QUESTION 6
You are configuring Dynamics 365 for Finance and Operations,
You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions?

• A. Accounts payable, Ban
• B. Budget Fixed assets, and Payroll
• C. Accounts payable, Accounts receivable, Budget, and Fixed, assets
• D. Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
• E. Accounts payable, Accounts receivabl
• F. Ban
• G. Budget, Payroll, and Purchasing

Answer: D

NEW QUESTION 7
You are configuring the Fixed assets module for a Dynamics 365 Finance and Operations environment, You need to set up the basic configuration to create a fixed asset Each correct answer presents part of the
solution.
NOTE: Each correct selection is worth one point.

• A. the number sequence
• B. the group
• C. the name
• D. the type
• E. the property type

Answer: ABC

Explanation:

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/create-fixed-asset

NEW QUESTION 8
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?

• A. Yes
• B. No

Answer: B

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

NEW QUESTION 9
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: Select Consolidate online in Finance and Operations. Include eliminations during the process or as a proposal. Setup the transactions to post in the legal entity configured for consolidations.
Does the solution meet the goal?

• A. Yes
• B. No

Answer: B

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-eliminatio

NEW QUESTION 10
A legal entity has locations and customers in multiple states within the United States.
You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

• A. the Sales tax group on the Customer record
• B. the Terms of delivery setup
• C. the Item Sales tax group on the Item record
• D. the Sales reporting codes
• E. the Sales tax codes

Answer: ABE

NEW QUESTION 11
A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your client requires the ability to plan for a one-year, three-year, and five-year budget. You need to configure the various year length options to be used in the budgeting module. What should you do?

• A. Configure budget control.
• B. Configure budget codes.
• C. Configure budget allocation terms.
• D. Configure budget cycles.

Answer: B

NEW QUESTION 12
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.

• 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

Answer: BDE

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/reconcile-b

NEW QUESTION 13
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-f

NEW QUESTION 14
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days and a discount of one percent if it is paid in 14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 15
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?

• A. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
• B. Create a journal template that has ledger as the account type and offset account type.
• C. Use journal control to specify which account types, are valid for the General ledger journal.
• D. Configure the voucher series associated with this journal to allow only ledger account types.

Answer: A

NEW QUESTION 16
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?

• A. Configure general ledger year-end close.
• B. Configure combined deposit amounts.
• C. Configure budget appropriations.
• D. Configure advanced ledger entries.

Answer: B

NEW QUESTION 17
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.

• A. standard work hours
• B. financial transactions
• C. fixed asset depreciation
• D. budget cycles
• E. shift work hours

Answer: BCD

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal-ye

NEW QUESTION 18
You need to setup a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization.
You need to configure the prerequisite setup for the standard costing version for the current period.
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/prerequisites-

NEW QUESTION 19
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets – vehicles in the wrong fixed asset group.
You need to achieve the following:
Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any information
that was set up for the original fixed asset is copied to the new fixed asset.
Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group.
Ensure that the historical transactions are transferred to the new fixed asset.
Ensure Historical Depreciation expense entries do not change.
What should you do?

• A. Reclassify the fixed asset
• B. Change the fixed asset group and keep the same fixed asset number
• C. Copy the fixed asset
• D. Transfer the fixed asset

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassify-fixed-a

NEW QUESTION 20
You are configuring intercompany accounting for a multicompany enterprise. You need to set up: the Due to and Due from accounts.
Which main account type should you use?

• A. Expense
• B. Asset
• C. Balance sheet
• D. Liability
• E. Profit and loss

Answer: C

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/intercompany-accou

NEW QUESTION 21
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 22
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-pie Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Create budget plans to define the revenues for a budget Does the solution meet the goal?

• A. Yes
• B. No

Answer: B

NEW QUESTION 23
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