Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 221:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You are configuring fixed assets in Dynamics 365 Finance. You have configured fixed asset groups and defined the cost threshold for an item to qualify as a fixed asset.

  You need to configure the system to automatically identify purchases that qualify as fixed assets. If an item qualifies as a fixed asset, it must be automatically added to the appropriate fixed asset group.

  Which of the following should you configure?

  A. Fixed asset posting profiles

  B. Fixed asset books

  C. Fixed asset determination rules

  D. Fixed asset depreciation profiles

  Correct Answer: C

• Question 222:

  You work as the Finance Director for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  The company has several financial dimensions and an organizational hierarchy configured for budgeting.

  You are configuring budgets within the organization. You need to configure the correct allocation method to distribute the data in a budget plan to accurately portray the projected amounts.

  A budget plan has been configured at the top level in the hierarchy. The budget amounts from the top-level budget need to be spread out across budget plans in lower-level dimensions for a more localized view.

  Which of the following allocation methods meets the requirement?

  A. Aggregate

  B. Distribute

  C. Allocate to dimension

  D. Copy from budget plan

  Correct Answer: B

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-data-allocation

• Question 223:

  Your role of Systems Administrator includes the management of your Prepaway company's Microsoft Dynamics 365 Finance system.

  Departmental managers need to be able to select different fiscal periods when configuring their budgets.

  You need to configure the budgeting module to meet the requirements.

  Which of the following should you configure?

  A. Budget cycles

  B. Budget groups

  C. Budget register entries

  D. Budget control

  E. Budget codes

  Correct Answer: A

• Question 224:

  You work as the Finance Director for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  The company has several financial dimensions and an organizational hierarchy configured for budgeting.

  You are configuring budgets within the organization. You need to configure the correct allocation method to distribute the data in a budget plan to accurately portray the projected amounts.

  You need to determine which allocation method to use to allocate budget plan lines from the source budget planning scenario to lines in the destination scenario, based on the percentages and financial dimensions that are defined in a

  selected budget allocation term.

  Which of the following allocation methods meets the requirement?

  A. Aggregate

  B. Distribute

  C. Allocate to dimension

  D. Copy from budget plan

  Correct Answer: C

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-data-allocation

• Question 225:

  You work as the Finance Director for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  The company has several financial dimensions and an organizational hierarchy configured for budgeting.

  You are configuring budgets within the organization. You need to configure the correct allocation method to distribute the data in a budget plan to accurately portray the projected amounts.

  Several budget plans have been configured at lower levels within the organization. You need to consolidate the lower level budgets into a budget at a higher level within the organization.

  Which of the following allocation methods meets the requirement?

  A. Aggregate

  B. Distribute

  C. Allocate to dimension

  D. Copy from budget plan

  Correct Answer: A

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-data-allocation

• Question 226:

  You work as the Accounts Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  The company has sold a number of fixed assets.

  You plan to enter the Fixed assets transactions in the Free text invoice page in Accounts Receivable.

  For free text invoices, the fixed asset transaction type will be which of the following?

  A. Disposal

  B. Depreciation

  C. Acquisition

  D. Acquisition adjustment

  Correct Answer: A

• Question 227:

  You work as the Finance Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  You need to configure a budget in Dynamics 365 Finance. The budget must include details about planned hours, expenses, fees, and items.

  Which of the following budget options should you configure?

  A. Workforce budget

  B. Fixed asset budget

  C. Project budget

  D. Demand forecasting

  Correct Answer: C

• Question 228:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You are configuring the methods of payment in the Accounts Receivable module.

  You need to configure the system to perform validation of journal entries when electronic payments are received. The validation must ensure that the type of bank operation that was used is selected by the user.

  Which of the following validation options should you select?

  A. Payment specification is mandatory

  B. Payment ID is mandatory

  C. Bank transaction type is mandatory

  D. Payment reference is mandatory

  Correct Answer: C

• Question 229:

  You work as the Procurements Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  The company purchases several different products from a vendor.

  The vendor has agreed to give you a 10% discount if you purchase more than $10,000 worth of goods in a calendar month.

  You need to configure a purchase agreement in Microsoft Dynamics 365 Finance.

  Which of the following commitment types should you select in the purchase agreement?

  A. Product quantity

  B. Product value

  C. Product category value

  D. Value

  Correct Answer: D

• Question 230:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You are configuring the methods of payment in the Accounts Receivable module.

  You need to configure the system to perform validation while using a method of payment in a journal entry. The validation must ensure that the wire number is entered when an electronic payment is received. Which of the following validation options should you select?

  A. Payment reference is mandatory

  B. Bank transaction type is mandatory

  C. Payment specification is mandatory

  D. Payment ID is mandatory

  E. Payment note is mandatory

  Correct Answer: A