Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 191:

  Your company uses Dynamics 365 Finance

  All fixed assets are categorized by asset type. For example, office furniture is sequentially numbered. Has the same service life, and uses the same depreciation deduction calculation.

  You need to configure the system.

  Which two parameters should you set upEach correct answer presents part of the solution

  NOTL Each correct selection is worth one point.

  A. appreciation convention

  B. derived book

  C. deprecation profile

  D. fixed asset group

  Correct Answer: CD

• Question 192:

  You are contouring Dynamics 365 Finance

  Transactions are being approved tor all sales transactions. This configuration results in numerous fraudulent transactions.

  The payment prowler requires verification of the following information in order to authorization transaction.

  1.

  account hotter name

  2.

  billing address

  3.

  postal code

  You need to configure the system to only approve transactions with a verified address.

  Which option should you select for credit card authorization?

  A. Always accept transaction

  B. Postal code

  C. Account holder

  D. Billing address

  Correct Answer: D

• Question 193:

  A cable and interne t company implements Dynamics 365 Finance

  The primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost.

  You need to configure revenue recognition.

  What should you configure?

  A. Create the router and modem sates to post to deferred revenue.

  B. Configure the internet service as essential

  C. Configure the internet service router, and modem as essential.

  D. Create a revenue schedule for the internet service, router, and modem

  Correct Answer: B

  Essential The item is a primary source of an organization's revenue. This value is the default setting.

  Nonessential The item isn't a primary source of an organization's revenue. When the median price settings are used, the price is carved out' to the median price and then allocated.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/revenue-recognition-setup

• Question 194:

  A company uses Dynamics 36S Finance. The company is based in the United States and sells a product online. The product is shipped to the United States, Canada, and Mexico.

  The product is sourced from Brazil

  Legal entities must be set up for each country/region. One ledger account must be used to track sales tax payable. You need to configure the system to track Use Tax.

  Which two parameters should you configureEach correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. tax code for each legal entity

  B. taxation rule

  C. single sales tax code for the United States

  D. ledger posting group

  E. single sales tax code for Brazil

  Correct Answer: AD

  A: Set up sales tax codes. Required. Sales tax codes contain the tax rates and calculation rules for each sales tax. Sales tax codes are related to a sales tax settlement period and a ledger posting group.

  D: Set up ledger posting groups for sales tax. Required. Ledger posting groups define the main accounts for recording and paying sales taxes.

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview

• Question 195:

  You are configuring the Fixed assets module for a Dynamics 365 Finance environment.

  You need to create a fixed asset.

  Which two settings are requiredEach correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. the property type

  B. the group

  C. the number sequence

  D. the type

  E. the name

  Correct Answer: BC

  Group is mandatory and Fixed Asset Number either manual or via number sequence. But Name is never mandatory, but optional, try your self.

• Question 196:

  A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses.

  The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.

  You need to configure the system to accrue use tax for the new vendor.

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

  NOTL Each coned selection is worth one pant.

  A. Create a new tax group for the use tax.

  B. Create a new tax code for the use tax.

  C. Configure the use tax payable for the main account into the ledger posting group.

  D. Add a tax code to the tax group with the use tax option set to Yes.

  E. Create a new tax authority for the use tax.

  F. Add a tax code to the item sales tax group.

  G. Create a new settlement period for the use tax.

  Correct Answer: ACF

• Question 197:

  A customer uses bank reconciliation functionality In Dynamics 365 Finance.

  The customer finds a transaction in a closed fiscal period that must be corrected.

  You need to correct the transaction.

  How should you nuke this correction?

  A. Use the Correction amount field.

  B. Open the fiscal period.

  C. Create a new line for the transaction in the closed period.

  D. Create a new line for the transaction in an open period

  Correct Answer: B

• Question 198:

  A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations,

  The client currently uses a separate reporting tool to perform their financial consolidation and eliminations.

  They want to use Finance and Operations instead.

  You need to configure the system and correctly perform eliminations.

  Solution: Select Consolidate online in Finance and Operations. Include eliminations during the process or as a proposal. Setup the transactions to post in the legal entity configured for consolidations.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: B

  https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation- elimination-overview

• Question 199:

  You need to configure the financial reporting fiscal calendar for Customer. What should you do?

  A. Use the closing period adjustments form.

  B. Configure the ledger calendar to include a 13th closing period

  C. Use the ledger calendar to set up the 4-5-4 calendar

  D. Configure the fiscal calendar to include a 13th closing, period

  Correct Answer: A

• Question 200:

  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 default offset account on the journal name.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: B