Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 131:

  HOTSPOT

  A rental service company with complex accrual requirements has accrual schemes set up in its implementation. They want to use defined accrual schemes to perform transactions.

  You need to use an accrual scheme to create transactions for this company.

  Which actions should you performTo answer, select the appropriate configuration in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 132:

  HOTSPOT

  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.

  Hot Area:

  

  Correct Answer:

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions

• Question 133:

  HOTSPOT

  You are implementing a Dynamics 365 Finance general ledger module for a client that has multiple legal entities.

  The client has the following requirements:

  1.

  Post journal entries for all companies from one legal entity.

  2.

  Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.

  3.

  Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.

  4.

  Set up fixed or variable allocations, and then review the allocations in a journal before posting.

  5.

  Automatically post year-end results to account 30016 during year-end close.

  You need to configure the system.

  Which system capability should you configureTo answer, select the appropriate configuration in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 134:

  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.

  Hot Area:

  

  Correct Answer:

  

• Question 135:

  HOTSPOT

  A client plans to use the cost accounting module in Dynamics 365 Finance.

  You need to associate the correct definitions to the correct cost accounting concepts.

  Which terms match the definitionsTo answer, select the appropriate configuration in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accounting

• Question 136:

  HOTSPOT

  A client plans to use Dynamics 365 Finance for year-end 1099 reporting in the United States.

  You are viewing a vendor master data record on the 1099 FastTab.

  

  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:

  

  Correct Answer:

  

• Question 137:

  HOTSPOT

  A rental service company hires you to configure their system to implement accrual schemes.

  You need to configure the accrual schemes for this company.

  Which configuration and transaction options should you useTo answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 138:

  A company implements Microsoft Dynamics 365 Finance to manage fixed assets. The company adds a laptop as a fixed asset.

  You run a depreciation proposal. You observe that laptops are not eligible for depreciation.

  You need to determine why you cannot depreciate the laptops.

  Which feature should you review?

  A. Depreciation convention

  B. Net book value

  C. Capitalization threshold

  D. Number sequence

  E. Posting layer

  Correct Answer: C

  Explanation:

  The Capitalization threshold field determines the assets that are depreciated. If a purchase line is selected as a fixed asset, but it doesn't meet the specified capitalization threshold, a fixed asset is still created or updated, but the Calculate

  depreciation option is set to No. Therefore, the asset won't be automatically depreciated as part of the depreciation proposals.

  One important option is named Automatically create depreciation adjustment amounts with disposal. When you set this option to Yes, the asset depreciation is automatically adjusted, based on the depreciation settings at the time of asset

  disposal. Another option lets you deduct cash discounts from the acquisition amount when you acquire fixed assets by using a vendor invoice.

  The Lock asset books in a depreciation journal param

  Incorrect:

  Not A: Depreciation conventions are used to determine when and how depreciation is calculated for both the year when the fixed asset is acquired and the year when the fixed asset is disposed of.

  Depreciation conventions can be assigned to the setup for a fixed asset group book. To view or assign the depreciation convention, in the setup area of fixed assets, select Fixed asset groups. Select the Books button. In this case, the

  depreciation conventions that are assigned are used as default values when fixed asset books are created. Depreciation conventions can also be set on an individual fixed asset book. To do this, select Books in the setup area of fixed assets,

  and then select the Fixed assets groups button.

  Not B: Net book value, also known as net asset value, is the value at which a company reports an asset on its balance sheet. It is calculated as the original cost of an asset less accumulated depreciation, accumulated amortization,

  accumulated depletion or accumulated impairment.

  Reference: https://learn.microsoft.com/en-us/dynamics365/finance/fixed-assets/fixed-asset-depreciation-conventions https://learn.microsoft.com/en-us/dynamics365/finance/fixed-assets/set-up-fixed-assets

• Question 139:

  A company uses Microsoft Dynamics 365 Finance to manage fixed assets.

  The company uses laptops for three years and then sells the laptops externally.

  You need to process laptop sales.

  What should you do?

  A. Create a fixed asset disposal journal.

  B. Use a free text invoice to record the sale.

  C. Create a sales order for the sale of the asset.

  D. Use an inventory movement journal to record the disposal.

  Correct Answer: B

• Question 140:

  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.

  A. Cost

  B. Investment

  C. Fixed price

  D. Time and material

  E. Internal

  Correct Answer: AE

  Explanation: Project management and accounting You can associate a project with an asset that is affected by the project. You can also associate each phase, task, or subproject to a different asset. One asset can be associated with each project record. You create the association when you enter a fixed asset number in the Fixed asset number field in the Projects form. (Click Project management and accounting > Common > Projects > All projects. Select a project ID that has a project type of Internal or Cost project, and then click Edit.)

  Reference: https://learn.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/about-fixed-assets-integration