Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 181:

  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 managing credit and collections.

  You need to set up mandatory credit limits for all customer documents.

  Solution: Select the Balance + All credit type in the Accounts receivable parameters form.

  Select the Mandatory credit limit check box in the Customers form.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: A

  Select from the following options:

  None Do not check credit limits. You can override this option for a specific customer by selecting the Mandatory credit limit check box in the Customers form. If you do this, the credit limit is checked against the customer balance.

  Balance The credit limit is checked against the customer balance.

  Balance + packing slip or product receipt The credit limit is checked against the customer balance and deliveries.

  Balance + All The credit limit is checked against the customer balance, deliveries, and open orders.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/supply-chain/sales-marketing/credit-limits-customers

• Question 182:

  You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank.

  You must prevent the bank account from going below the defined credit limit when a transaction is posted.

  You need to configure the bank account credit limit.

  What should you do?

  A. Add ??

  Correct Answer: A

  Set up a bank account credit limit (see step 7 below).

  Use the Bank accounts form to enter a valid bank account number, routing type, and routing number, and enter your cash credit or overdraft limit for payment transactions.

  1.

  Click Cash and bank management > Common > Bank accounts.

  2.

  Click Bank account to open the Bank accounts form.

  3.

  In the Bank account field, enter the unique bank account number. Enter the name of the bank in the Name field.

  4.

  In the Routing number type field, select the routing number type as FW, CP, or CH.

  5.

  In the Routing number field, enter the routing number for the bank. The routing number is validated based on the routing type selected.

  6.

  In the Bank account number field, enter a bank account number that contains 7 to 14 digits.

  7.

  In the Credit limit field, enter the credit limit. This is a negative number.

  8.

  Close the form to save your changes.

  Reference:

  https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/usa-create-a-payment-journal-and-validate-the-credit-limit-for-a-bank

• Question 183:

  You are implementing Dynamics 365 Finance.

  You must configure a more accurate cash flow forecast related to sales tax. The sales tax calculation should be based on the expected transaction amounts and dates.

  You need to configure the cash flow forecast.

  Which setup should you use?

  A. Bridging accounts

  B. Sales forecast defaults

  C. Dependent accounts

  D. Purchasing forecast defaults

  Correct Answer: B

  Cash flow forecasting can be integrated with General ledger, Accounts payable, Accounts receivable, Budgeting and inventory management. The forecasting process uses transaction information that is entered in the system, and the

  calculation process forecasts the expected cash impact of each transaction. Note: In the Purchasing forecast defaults section, you can select default purchasing behaviors for cash flow forecasting. Three fields determine the time of the cash

  impact: Time between delivery date and invoice date, Terms of payment, and Time between invoice due date and payment date. The forecast will use the default setting for the Terms of payment field only if a value isn't specified on the

  transaction. Use a term of payment to describe the most typical number of days for each part of the process.

  Sales tax authority payments

  The Cash flow sales tax authority payments feature predicts the cash flow impact of sales tax payments. It uses unpaid sales tax transactions, tax settlement periods, and the tax period payment term to predict the date and amount of cash

  flow payments.

  Incorrect:

  Not A: A bridged payment is a payment that is posted to the general ledger in two steps. Typically, this approach is used when the method of payment is set to

  Bank, and you must post transactions to the bank account only when the transaction has cleared the bank.

  Not B: If your organization has configured multiple forecasts, save your users time and select one to be displayed by default when they open the Forecasts page.

  With Dynamics 365 Sales forecasting, we are introducing a new set of capabilities that empower organizations to natively create and manage bottom-up sales forecast processes.

  Accurate forecasting helps everyone on the team:

  Sellers can manage their pipeline and focus time more effectively, by identifying the deals they need to close to meet quotas.

  Sales managers and leaders can plan sales team execution and meet sales forecasts more confidently with greater flexibility and a clearer view into bottom-up projections, all the while gaining a deeper understanding of those opportunities

  that impact the business.

  Sales enablement managers can benefit from greater flexibility to offer more granular and meaningful guidance that accurately reflects sales execution.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting https://docs.microsoft.com/en-us/dynamics365-release-plan/2020wave1/dynamics365-sales/forecasting

• Question 184:

  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 wants general journals to be used only to post ledger-type transactions.

  You need to set up journal configuration to achieve the requirement.

  Solution: Set up the journal control on the general journal to the account type of ledger.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: A

  A journal name can be used only for adjustments. In this case, you can specify that only the Ledger account type is valid across all companies.

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing

• Question 185:

  You are implementing Dynamics 365 Finance.

  Sales tax payable must be posted to the same collection of accounts across all legal entities.

  You need to configure the sales tax.

  What should you use?

  A. Posting group

  B. Tax jurisdiction

  C. Use tax payable account

  D. Tax group

  Correct Answer: A

  You can set up Ledger posting groups for sales tax.

  Sales tax is calculated and posted to main accounts that are specified in Ledger posting groups. Ledger posting groups are attached to each sales tax code. You can set up individual ledger posting groups for each sales tax code, use one

  ledger posting group for all sales tax codes or assign multiple ledger posting groups to the sales tax codes.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/set-up-ledger-posting-groups-sales-tax

• Question 186:

  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 wants general journals to be used only to post ledger-type transactions.

  You need to set up journal configuration to achieve the requirement.

  Solution: Set up a default offset account on the journal name.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: B

  Instead Solution: Set up the journal control to specify the account structure and ledger segment.

  A journal name can be used only for adjustments. In this case, you can specify that only the Ledger account type is valid across all companies.

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing

• Question 187:

  A company implements basic budgeting functionality in Dynamics 36S Finance.

  The company wants to allocate budget register entries for payroll expense amounts to each department based on a predetermined percentage.

  You need to configure the allocation.

  Which functionality should you use?

  A. Budget transfer rule

  B. Budget control

  C. Allocation term

  D. Period allocation key

  Correct Answer: C

• Question 188:

  You need to configure cash flow reports.

  Which three actions should you performEach correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. Configure the behavior for forecasts of transactions that affect the liquidity accounts of the company.

  B. Identify and list all the liquidity accounts.

  C. Define the number sequence.

  D. Configure the account structure.

  E. Run the cash flow calculation process.

  Correct Answer: ABE

  To obtain a forecast of the cash flow, you must complete the following tasks:

  *

  Identify and list all the liquidity accounts. Liquidity accounts are the company's accounts for cash or cash equivalents.

  *

  Configure the behavior for forecasts of transactions that affect the company's liquidity accounts.

  After you've completed these tasks, you can calculate and analyze forecasts of the cash flow and upcoming currency requirements.

  The forecasting process uses transaction information that is entered in the system, and the calculation process forecasts the expected cash impact of each transaction.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting

• Question 189:

  A company implements baste budgeting functionality in Dynamics 365 Finance in multiple departments that belong to the same legal entity. Managers must be able to identify and track budgets by department You need to configure the system. What should you configure?

  A. Budget transfer rules

  B. Budget model with sub-model

  C. Budget entries workflows

  D. Budget codes and budget types

  Correct Answer: D

• Question 190:

  A client wants general journal to be used only to post ledger-type transactions.

  You need to set up journal configuration to achieve the requirement.

  Solution: Set up the journal control on the general to the account type of ledger.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: A