MB-310 Online Practice Questions and Answers

HOTSPOT

A client wants to ensure that transactions posted to the General Ledger have the correct combination of account number and dimensions.

The Services Industry PandL Account Structure has the following information:

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.

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You are setting up main accounts in Dynamics 365 Finance.

You need to configure the main accounts to meet the requirements.

Which options should you use? To answer, select the appropriate configuration in the answer area.

NOTE: Each correct selection is worth one point.

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You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight amount in the invoice to be paid to the vendor and record the expense in main account 600120 – Freight In.

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.

Hot Area:

HOTSPOT

You need to prevent prohibited expenses from posting.

Which configurations should you use? To answer, select the appropriate options in the answer area

NOTE: Each correct selection is worth one point.

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HOTSPOT

You need to configure the expense module for reimbursement.

How should you configure the expense module? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

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Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

Users report that the results in financial reports are incorrect.

You discover that the discrepancies are caused by users selecting invalid main account and dimension combinations when posting journal entries.

You need to specify which financial dimensions are valid for which main accounts to prevent the invalid main account and dimension combinations.

What should you configure?

A. Ledger allocation rules

B. Financial dimension sets

C. Account structure

D. Cost classifications

Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

The company has eight departments across three divisions.

You need to be able to run the trial balance in the following ways:

1.

By main account, division, department and cost center.

2.

By main account, division and department.

3.

By main account and division.

You configure financial dimensions for division, department and cost center.

What should you do next?

A. Configure three financial dimension sets

B. Configure one financial dimension set

C. Configure one account structure

D. Configure three account structures

You work as the Finance Director for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

The company has several financial dimensions and an organizational hierarchy configured for budgeting.

You are configuring budgets within the organization. You need to configure the correct allocation method to distribute the data in a budget plan to accurately portray the projected amounts.

A budget plan has been configured at the top level in the hierarchy. The budget amounts from the top-level budget need to be spread out across budget plans in lower-level dimensions for a more localized view.

Which of the following allocation methods meets the requirement?

A. Aggregate

B. Distribute

C. Allocate to dimension

D. Copy from budget plan

A company uses Microsoft Dynamics 365 Finance.

You need to reclassify a fixed asset.

Which three actions does the system perform when an asset is reclassified? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

A. The system will generate reclassification journals.

B. The new books of the new fixed asset contain the date of the reclassification in the Acquisition date field.

C. All books for the existing fixed asset are created for the new fixed asset.

D. The existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.

E. The new fixed asset only cancels out possible depreciations because the reclassification date is filled in in the Acquisition date field.

You need to determine why CustomerX is unable to confirm another sales order.

What are two possible reasons? Each answer is a complete solution.

NOTE: Each correct selection is worth one point.

A. The credit limit parameter is set to Balance + All.

B. The credit limit is set to 0.

C. An inventory item is out of stock.

D. The inventory safety stock is set to 0.