This page was exported from Valid Premium Exam [ http://premium.validexam.com ] Export date:Mon Feb 24 18:31:10 2025 / +0000 GMT ___________________________________________________ Title: Free Dec-2022 UPDATED Microsoft MB-310 Exam Questions & Answer [Q85-Q102] --------------------------------------------------- Free Dec-2022 UPDATED Microsoft MB-310 Exam Questions & Answer Latest Success Metrics For Actual MB-310 Exam Realistic Dumps Exam MB-310: Microsoft Dynamics 365 Finance The content of this exam will be updated on August 27, 2021. Please download the skills measured document below to see what will be changing. Candidates for this exam are Functional Consultants who analyze business requirements and translate those requirements into fully realized business processes and solutions that implement industry best practices. Candidates serve as a key resource in implementing and configuring applications to meet business requirements. Candidates for this exam must have a fundamental understanding of accounting principles and financial operations of businesses including accounts payables and accounts receivables, taxes, costing principles, fixed assets, and budgeting. Part of the requirements for: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate Download exam skills outline   QUESTION 85A company has many customers who are not paying invoices on time.You need to use the collection letter functionality to manage customer delinquencies.What are two possible ways to achieve the goal? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.  Cancel the collection letters after they are created and posted.  Print all of the collection letters.  Delete the collection letters after posting when an error occurs.  Post the collection letters. Explanation/Reference:http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/QUESTION 86A company is using vendors to produce components for its products.Journal types are not configured to support vendor invoices-You need to identify and configure journals to use for vendor invoices.Which journal types should you use? To answer, select the appropriate options in the answer area, NOTE: Each correct selection is worth one point. ExplanationQUESTION 87You are setting up the yearly budget for an organization for the year 2019.You need to set up the budget register entries.Which two fields must be set up when creating register entries? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.  Budget cycle  Budget manager  Budget code  Budget model Explanation/Reference:https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/basic-budgeting-overview-configurationQUESTION 88After 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 the Budget module in Dynamics 365 for Finance and Operations for budget management You need to create the new budgets.Solution: Create budget plans for multiple scenarios.Does the solution meet the goal?  Yes  No QUESTION 89A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor.The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.You need to configure the system in the most efficient manner to achieve these requirements.What should you do?  Configure a company matching policy of a three-way match.  Configure a company matching policy of two-way matching and specify the items that require a three-way match.  Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.  Configure a company matching policy of non-required and specify the items that require a three-way match.  Configure a company matching policy of two-way matching and specify the vendors that require a three-way match. Reference:https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-accounts-payable-invoice-matching-validationQUESTION 90A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.need to configure the system to support collection letter functionality and processing.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. ExplanationReferences:http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/QUESTION 91A client plans to use financial statements in Dynamics 365 Finance. The client wants to process the statements by using various combinations of the components to create custom reports.You need to associate the report components to the purpose.Which report components should you use for each purpose? To answer, drag the appropriate component to the correct purpose. Each component may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.NOTE: Each correct selection is worth one point. Reference:https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/financial-report-componentsQUESTION 92You need to process expense allocations.Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net at all. You may need to drag the split bar between panes or scroll to view content.NOTE: Each correct selection is worth one point. ExplanationReference:https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-rulesQUESTION 93A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions? To answer, select the appropriate configuration in the answer are3. NOTE: Each correct selection is worth one point. Explanation:References:https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accountingQUESTION 94A 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.  For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.  For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.  For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.  For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year. QUESTION 95An organization is upgrading to Dynamics 365 Finance.One of the organization’s legal entities needs to have different main accounts for a period of six months.You need to configure the legal entity override dates.Which two actions can you perform? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.  Set the value of the override date field at the legal entity level to be more restrictive.  Set the value of the override date field at the shared level to be more restrictive.  Set the value of the override date field at the legal level to be less restrictive.  Set the value of the override date field at the shared level to be less restrictive. Reference:https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/plan-chart-of-accountsQUESTION 96SIMULATIONYou are a functional consultant for Contoso Entertainment System USA (USMF).You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the DownloadsTrial folder.To complete this task, sign in to the Dynamics 365 portal.  * Click General ledger > Reports > Transactions > Trial Balance* Enter the Start and End dates for the report.* Click Destinations … to specify how you want to ‘print’ the report.* Select File as the destination.* Select the DownloadsTrial folder for the location.* Select Microsoft Excel for the file format.* Click OK to close the ‘Print destination settings’ form.* Click OK to ‘print’ (save) the report to the selected destination.  * Click General ledger > Reports > Transactions > Trial Balance* Enter the Start and End dates for the report.* Click Destinations … to specify how you want to ‘print’ the report.* Select File as the destination.* Select the Downloads/Trial folder for the location.* Select Microsoft Excel for the file format.* Click OK to ‘print’ (save) the report to the selected destination. QUESTION 97Note: 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 Finance.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 into 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 No.* 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 No.– 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?  Yes  No Explanation/Reference:https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-closeQUESTION 98Users 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 Finance to limit the account type transactions to only ledger.What should you do?  Use journal control to specify which account types are valid for the General ledger journal.  Use advanced ledger entries to define the account types that can be used in the General ledger journal.  Configure the voucher series associated with this journal to allow only ledger account types.  Create a journal template that has ledger as the account type and offset account type. QUESTION 99You are asked to configure a main account in Dynamics 365 Finance.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 100You need to assist User3 with generating a deposit slip to meet Fourth Coffee’s requirement.Which five 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.NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select. Reference:https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/create-a-deposit-slipQUESTION 101A 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. Reference:https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versionsQUESTION 102You are a Dynamics 365 Finance consultant.You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system.You need to resolve the issue.What should you configure?D18912E1457D5D1DDCBD40AB3BF70D5D  Financial reporting  Financial insights workspace  Electronic reporting  Financial period close workspace Reference:https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-period-close-workspace Loading … Updated MB-310 Dumps Questions For Microsoft Exam: https://www.validexam.com/MB-310-latest-dumps.html --------------------------------------------------- Images: https://premium.validexam.com/wp-content/plugins/watu/loading.gif https://premium.validexam.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2022-12-31 16:05:15 Post date GMT: 2022-12-31 16:05:15 Post modified date: 2022-12-31 16:05:15 Post modified date GMT: 2022-12-31 16:05:15