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Microsoft MB-310 Exam

Certification Provider: Microsoft
Exam Name: Microsoft Dynamics 365 Finance Functional Consultant
Number of questions in our database: 282
Exam Version: Apr. 27, 2024
MB-310 Exam Official Topics:
  • Topic 1: Set Up And Configure Financial Management/ Implement And Configure Financial Modules
  • Topic 2: Configure Other Modules Including Cash And Bank Management And Budgeting/ Configure And Apply Accrual Schemes
  • Topic 3: Configure The Letter Of Credit And Letter Of Guarantee Templates/ Create And Configure Account Structures
  • Topic 4: Implement And Test Cost And Allocation Policies/ Demonstrate Use Of Cost Accounting Terminology
  • Topic 5: Implement Cost Accounting Processes/ Implement Inventory Costing Versions/ Implement And Test Advanced Features
  • Topic 6: Construct Fiscal Calendars, Years, And Periods/ Create And Process Ledger Allocation Rules/ Implement Posting Definitions
  • Topic 7: Configure Cash Flow Reports/ Set Up Intercompany Accounting/ Implement Item Groups/ Configure Financial Period Close
  • Topic 8: Define And Demonstrate Periodic Closing Processes And End-Of-Year Processes/ Demonstrate Regional Tax Reporting Capabilities
  • Topic 9: Create A Cost Accounting Report By Using The Cost Accounting Report Wizard/ Allocate Funds By Using Accounting Distributions
  • Topic 10: Perform Financial Consolidation/ Perform Bank Reconciliation/ Configure, Collect, And Report Taxes/ Implement And Test End-Of-Year Tax Reporting Perform Periodic Processes/ Configure Tax Components/ Prepare Periodic Filings
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Free Microsoft MB-310 Exam Actual Questions

The questions for MB-310 were last updated On Apr. 27, 2024

Question #1

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 manage a Dynamics 365 Finance implementation.

You must provide the budget versus actual reporting in near real time.

You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget

Solution: Select organization hierarchy from the Configure my workspace form. Set an expense budget threshold percent.

Does the solution meet the goal?

Reveal Solution Hide Solution
Correct Answer: A

Question #2

You manage fixed assets using Microsoft Dynamics 365 Finance.

You need to define capitalization thresholds.

Which page should you use?

Reveal Solution Hide Solution
Correct Answer: C

Question #3

A company has implemented Dynamics 365 Finance.

The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance.

You need to configure the system to remit tax payments.

What should you do?

Reveal Solution Hide Solution
Correct Answer: B

Question #4

An exchange rate provider has been configured for Dynamics 365 Finance.

Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays and all days between April 1 and June 30. Foreign currency transactions from March 1 to June 30 fail to post.

You need to reconfigure the system to post transactions for this period.

Which two configuration changes should you make to the ledgers? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Reveal Solution Hide Solution
Correct Answer: C, D

Question #5

A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations.

The company must associate fixed assets with subprojects to track the money that the company spends to maintain assets.

You need to configure subprojects to track the associated fixed asset transactions.

Which two types of subprojects can you use? Each correct answer presents a complete solution.

NOTE: Each correct selection Is worth one point.

Reveal Solution Hide Solution
Correct Answer: A, E


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