mb-310 | Accurate Mb-310 Practice 2020

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NEW QUESTION 1
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.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

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

NEW QUESTION 2
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? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

  • A. For new employees, use a Credit accrual schem
  • B. In the ledger accrual, set the offset to the first day of the fiscal year.
  • C. For current employees, use a Credit accrual schem
  • D. In the ledger accrual, set the offset to the employee’sfirst pay date.
  • E. For new employees, use a Debit accrual schem
  • F. In the ledger accrual, set the offset to the employee’s first pay date.
  • G. For current employees, use a Debit accrual schem
  • H. In the ledger accrual, set the offset to the first day of the fiscal year.

Answer: BD

NEW QUESTION 3
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.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
MB-310 dumps exhibit

NEW QUESTION 4
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:
MB-310 dumps exhibit The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year’s Period 13.
MB-310 dumps exhibit The fiscal year closing can be run again, but only the most recent closing entry will remain in the
transactions.
MB-310 dumps exhibit All dimensions from profit and loss must carry over into the retained earnings.
MB-310 dumps exhibit All future and previous periods must have an On Hold status.
Solution:
MB-310 dumps exhibit Configure General ledger parameters.
MB-310 dumps exhibit Set the Delete close of year transactions option to Yes.
MB-310 dumps exhibit Set the Create closing transactions during transfer option to Yes.
MB-310 dumps exhibit Set the Fiscal year status to permanently closed option to Yes.
MB-310 dumps exhibit Define the Year-end close template.
MB-310 dumps exhibit Designate a retained earnings main account for each legal entity.
MB-310 dumps exhibit Set the Financial dimensions will be used on the Opening transactions option to Yes.
MB-310 dumps exhibit Set the Transfer profit and loss dimensions’ option to Close All.
MB-310 dumps exhibit 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 5
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 6
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: Set up Elimination rules in the system. Then, run an elimination proposal. Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup.
Does the solution meet the goal?

  • A. Yes
  • B. No

Answer: A

NEW QUESTION 7
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 8
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning. You need to invoke allocations at a specific budget planning stage.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-all

NEW QUESTION 9
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.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-up-process-

NEW QUESTION 10
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.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
MB-310 dumps exhibit

NEW QUESTION 11
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. Define the maximum charge amount on the vendor record.
  • B. Enter the maximum amount when you set up the charges code.
  • C. Use budget control with the specified charges code.
  • D. Set the maximum charge amount in the Accounts payable parameters,
  • E. Enable invoice matching validation in the Accounts payable parameters.

Answer: BE

NEW QUESTION 12
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 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 with import. 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 13
You are a controller for a public sector organization. You need detailed fiscal tracking and reporting. You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund type may be used once, more than once, or not at all. You may need to dreg the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
MB-310 dumps exhibit

NEW QUESTION 14
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 15
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?

  • A. Associate the correct main accounts to that financial dimension on the financial dimension setup form.
  • B. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.
  • C. Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.
  • D. Configure the account structure to specify which financial dimensions are valid for which main accounts.

Answer: D

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/configure-account-st

NEW QUESTION 16
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 17
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 financial dimensions need to default from the vendor record onto an invoice
  • B. when only certain dimensions are allowed to post with certain mam account combinations
  • C. when creating multiple balanced ledger entries based on transaction types or accounts
  • D. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting

Answer: D

NEW QUESTION 18
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 19
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 financial dimensions need to default from the main account onto an invoice
  • B. when using encumbrance accounting for purchase orders
  • C. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
  • D. when creating one offset ledger entry based on transaction type

Answer: B

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

NEW QUESTION 20
A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting. Which set of actions must you perform?
Which set of actions must you perform?
MB-310 dumps exhibit

  • A. Option A
  • B. Option B
  • C. Option C
  • D. Option D

Answer: D

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

NEW QUESTION 21
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