[2022] Use Valid MB-310 Exam – Actual Exam Question & Answer [Q10-Q25]

4/5 - (1 vote)

[2022] Use Valid MB-310 Exam – Actual Exam Question & Answer

Test Engine to Practice MB-310 Test Questions

You can read the Microsoft MB-310 Certification Exam cost

  • The cost of the Microsoft MB-310 Exam is $165.

 

NEW QUESTION 10
A 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.

NEW QUESTION 11
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 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 No.
– Set the Create closing transactions during transfer option to No.
– 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 to Close All.
* Set all prior and future Ledger periods to a status of On Hold.
Does the solution meet the goal?

 
 

NEW QUESTION 12
You 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.

NEW QUESTION 13
A company has delinquent customers.
You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:
* Send communication to the customers detailing their past-due invoices.
* Use the system to automatically calculate a late charges,
* Create a group of customers for a collection agent to monitor.
* View a list of customers with colored indicators of a customer’s payment status.
You need to associate the correct system functionality to manage delinquent customers based on these business requirements.

NEW QUESTION 14
A 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.

NEW QUESTION 15
A company makes frequent payments to its vendors by using various due dates and discounts.
You need to set up and create a vendor payment by using a payment proposal.
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.

NEW QUESTION 16
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.

NEW QUESTION 17
A company makes frequent payments to its vendors by using various due dates and discounts.
You need to set up and create a vendor payment by using a payment proposal.
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.

NEW QUESTION 18
You are setting up a budget plan to accurately portray the projected budget for a company.
You need to select the appropriate allocation method for data distribution.
Which allocation methods should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.

NEW QUESTION 19
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?

 
 

NEW QUESTION 20
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.

NEW QUESTION 21
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,

NEW QUESTION 22
You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact.
You need to assign the Vendor (external) role to this vendor.
Which tasks can this vendor perform?

 
 
 
 

NEW QUESTION 23
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?

 
 
 
 

NEW QUESTION 24
A company needs to create budget plan templates for its budgeting process.
You need to create the budget plan templates.
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.

NEW QUESTION 25
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 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?

 
 

Official Text Books

Like most of the other Microsoft evaluations, revision guides are important in the preparatory phase. While Microsoft does not have a list of required books for you when it comes to MB-310 prep, a ton of these has been designed to help you better understand the tested concepts. Some of these guides are found on Amazon:

  • Using Microsoft Dynamics 365 for Finance and Operations: Learn and Understand Functionality of Microsoft’s Enterprise Solution by Andreas Luszczak

    This material has been designed to offer candidates first-hand knowledge of the concepts and topics needed to pass the official exam. Particularly, it will help you prepare for supply chain, manufacturing as well as financial types of management, which are fundamental topics you’d need to familiarize yourself with if you’re to earn this designation. Plus, the concepts are designed in an easy-to-understand, well-written, and engaging format that anyone interested in the finance and supply chain industry would like to know. In addition to covering all of the exam objectives, this book comes with detailed case studies that will help you retain information and facilitate the learning process as a whole.

  • Beginners Guide to Dynamics 365 for Finance and Operations, Enterprise Edition by Murray Fife

    Albeit introductory, such a manual welcomes you to the concept of fact boxes, filter lists, navigating with Dynamics 365, etc. Also, it gives you an insight into each of the topics of MB-310 in an easy and well-written manner. More so, here, you’ll get to know what the user interface is including its nuisances, and how to deal with varied Dynamics 365 environments. In case you go so far as to get the material from Amazon, it’s available for roughly $50 as a paperback edition.

  • Implementing Microsoft Dynamics 365 for Finance and Operations App by Sandeep Shukla, JJ Yadav, and other

    Well, such a comprehensive book from renowned IT authors takes a deeper look into finance and operations. Lifecycle Services (LCS) have been identified as one of the key topics in the course outline. Thus, the material discusses what LCS entails as well as highlights the necessary tools for managing projects. Besides that, data management, Power BI, the integration of technology, and managing go-live are a few of the other key areas this revision resource covers. So, if you’re intended to tackle all the intricacies of Dynamics 365 for Finance, this material is a way to go.

Microsoft MB-310 Exam Syllabus Topics:

Topic Details

Set up and configure financial management (40-45%)

Define and configure the chart of accounts – define and configure the chart of accounts and main accounts
– describe use cases for main accounts categories, ledger account aliases, and balance control accounts
– configure financial dimensions and dimension sets
– configure legal entity overrides for financial dimensions and main accounts
– create and configure account structures and advanced rules
Configure ledgers and currencies – construct fiscal calendars, years, and periods
– configure the ledger
– describe and configure batch transfer rules
– set up currencies and conversions for a legal entity
– manually enter currency exchange rates
Implement and manage journals – describe options for implementing voucher numbers in journals
– configure journal names
– set up journal controls and posting restriction rules
– describe and configure journal approvals
– create voucher templates
– describe use cases for periodic journals
– configure and apply accrual schemes
– set up intercompany accounting
– create templates to edit journals in Microsoft Excel
– perform reverse entries
Implement and manage cash and bank – create and maintain bank groups and bank accounts
– describe and configure electronic payment formats
– configure and process bank reconciliations including advanced bank reconciliations
– configure cash flow reports
Implement cost accounting and cost management – describe cost accounting processes and terms
– configure cost accounting processes
– create a cost accounting report by using the cost accounting report wizard
– describe and configure the costing sheet and indirect costs
– configure cost objects and cost groups
– implement inventory costing versions
– differentiate between inventory costing methodologies
– configure item groups and posting profiles
– perform inventory closing and adjustment processes
Perform periodic processes – configure a financial period workspace and closing schedule
– define and demonstrate periodic closing processes and end-of-year processes
– perform financial consolidation and elimination processes
– configure allocation terms for a main account
– create and process ledger allocation rules
– implement foreign currency revaluation processes
– create and manage financial reports including modifying row, column, and report definitions
Configure, collect, and report taxes – configure tax groups, tax codes, settlement periods, and jurisdiction
– configure tax ledger posting groups
– prepare periodic filings including end-of-year tax reporting

Implement accounts receivable, credit, collections, and revenue recognition (15-20%)

Implement and manage accounts receivable – set up customers and customer posting profiles
– configure and process free text invoices
– process orders, invoices, and payments
– configure customer payment setup
– configure accounts receivable charges
– configure bank accounts for customers
– manage customer holds
Manage credit and collections – configure credit management processes
– configure collections management processes
– manage delinquent customers
– prepare and send customer account statements
– manage customer credit limits and credit holds
– set up and process collection letters and interest notes

 

MB-310 Actual Questions Answers PDF 100% Cover Real Exam Questions: https://www.testbraindump.com/MB-310-exam-prep.html

Related Links: myportal.utt.edu.tt myportal.utt.edu.tt myportal.utt.edu.tt myportal.utt.edu.tt myportal.utt.edu.tt myportal.utt.edu.tt

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter the text from the image below