Free Microsoft MB-310 Exam Dumps and MB-310 Exam Questions

Question No: 21

MultipleChoice

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 default financial dimensions on expense accounts only.

Does the solution meet the goal?

Options

Ayes

Bno

Question No: 22

MultipleChoice

SIMULATION

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

You plan to settle accounts by receiving cash payments in US currency.

You need to create a cash receipts journal that uses the US dollar currency.

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

Options

A*Navigate to Finance > Cash Receipt Journals.
*Click the +New link.
*Fill in the required fields including the currency field.

BNavigate to Finance > Cash Receipt Journals.
*Click the +New link to add a new cash receipt journal.
*Fill in the required fields including the currency field.

Question No: 23

MultipleChoice

SIMULATION

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.

Options

AThe currency Translation Type needs to be set to Current. 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 > Chart of Accounts > Accounts > Main Accounts.
*Select the Financial Reporting account.
*In the Reporting currency exchange rate type, select Current from the drop-down list.
*Click Save to save the changes.

BThe currency Translation Type needs to be set to Current. 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 > Chart of Accounts > Accounts > Main Accounts.
*In the Reporting currency exchange rate type, select Current from the drop-down list.
*Click Save to save the changes.

Question No: 24

Hotspot

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.

Question No: 25

MultipleChoice

SIMULATION

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.

Options

AYou need to configure a prepayment percentage for all items. The instructions below are for a single item. For this question, you need to select 'All' for all items, enter 2 in the percentage field and select account number 222222 in the account field.
To set up prepayment percentages for items, customers, and vendors
For an item, you can set up a default prepayment percentage for all customers, a specific customer, or a customer price group.

2. Select an item, and then choose thePrepayment Percentagesaction.
3. On theSales Prepayment Percentagespage, fill in the fields as necessary. Hover over a field to read a short description.

BYou need to configure a prepayment percentage for all items. The instructions below are for a single item. For this question, you need to select 'All' for all items, enter 2 in the percentage field and select account number 2222 in the account field.
To set up prepayment percentages for items, customers, and vendors
For an item, you can set up a default prepayment percentage for all customers, a specific customer, or a customer price group.

2. Select an item, and then choose thePrepayment Percentagesaction.
3. On theSales Prepayment Percentagespage, fill in the fields as necessary. Hover over a field to read a short description.

Question No: 26

Hotspot

A client needs to configure Accounts payment vendor methods of payment to meet the following business requirements:

* Configure the electronic method of payment to create one electronic payment for all of the invoices due.

* Configure the system to ensure that all payments made with an electronic method of payment also forces the user to select which payment has been used.

You display the Methods of payment setup screen.

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 No: 27

Hotspot

A client is implementing the Budgeting module in Dynamics 365 Finance.

You need to configure the correct budget control area to meet the client's requirements.

* Track budgeting control on purchase requisitions.

* Include unposted actual transactions in the calculation of the remaining budget for the period.

* Allow specific individuals to post transactions that exceed the budget.

* Specify main accounts that are subject to budget control, instead of selecting Main account as a dimension for budgeting.

What should you configure? To answer, select the appropriate configuration in the answer area.

NOTE: Each correct selection is worth one point.

Question No: 28

MultipleChoice

You need to view the results of Fourth Coffee Holding Company's consolidation.

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

Aa financial report run against the company Fourth Coffee

Ba trial balance in the Fourth Coffee Holding Company

Ca trial balance in the company Fourth Coffee

Da financial report run against the Fourth Coffee Holding Company

Ethe consolidations form in Fourth Coffee Holding Company