Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 241:

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

  The company has eight departments across three divisions.

  You need to be able to run the trial balance in the following ways:

  1.

  By main account, division, department and cost center.

  2.

  By main account, division and department.

  3.

  By main account and division.

  You configure financial dimensions for division, department and cost center.

  What should you do next?

  A. Configure three financial dimension sets

  B. Configure one financial dimension set

  C. Configure one account structure

  D. Configure three account structures

  Correct Answer: A

• Question 242:

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

  You have assigned the Vendor (external) security role to a vendor that will work with purchase orders.

  Which two of the following actions can the vendor perform (Choose two)

  A. Respond to and view information about purchase orders.

  B. Request a new user account for a contact person by using the Provision user action.

  C. Add a new or existing contact person to the vendor accounts that they are a contact for.

  D. Request that a contact person's user account be inactivated.

  E. Maintain vendor collaboration invoices.

  Correct Answer: AE

• Question 243:

  You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.

  You are configuring intercompany accounting.

  You have configured the main accounts. You now need to configure a journal for the intercompany accounting.

  Which journal type should you use?

  A. Budget

  B. Elimination

  C. Daily

  D. Allocation

  Correct Answer: C

• Question 244:

  A multicompany enterprise has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Functional Consultant. Your role will include the management of the Dynamics 365 Finance system.

  You need to configure intercompany accounting.

  You begin by configuring the intercompany main accounts to use for the Due to and Due from accounting entries.

  Which of the following should you select in the Main account type field on the Main accounts page?

  A. Total

  B. Balance sheet

  C. Equity

  D. Profit and loss

  Correct Answer: B

• Question 245:

  You work as a Finance Manager for a public sector company. The company uses Microsoft Dynamics 365 Finance.

  You need to configure fund types.

  Which three of the following fund types fall under the Governmental Funds fund class (Choose three)

  A. General fund

  B. Trust funds

  C. Capital project funds

  D. Enterprise funds

  E. Debt service funds

  Correct Answer: ACE

• Question 246:

  You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.

  You need to configure a journal to use for vendor invoices.

  You need to determine which journal type to use to post vendor invoices that have been approved to the appropriate ledger accounts.

  Which journal type should you use?

  A. Vendor invoice pool

  B. Vendor invoice recording

  C. Approval

  D. Vendor disbursement

  Correct Answer: C

• Question 247:

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

  The company has a main office and eight branch offices. Three more branch offices are currently under construction.

  You need to ensure that advertising expenses are balanced across the eight branch offices. The advertising costs will be balanced across all eleven branch offices when the three new offices are complete.

  Which option should you select in the ledger allocation configuration?

  A. Fixed percentage

  B. Basis

  C. Fixed weight

  D. Equally

  Correct Answer: D

• Question 248:

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

  You need to ensure that when creating sales orders, the sales tax is automatically calculated when an item is added to a sales order line.

  Which two of the following fields must be populated in the sales order line to ensure the sales tax is calculated(Choose two).

  A. Item group

  B. Customer sales tax group

  C. Item sales tax group

  D. Sales tax code

  Correct Answer: BC

• Question 249:

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

  You are configuring the system to ensure that when creating sales orders, the sales tax is automatically calculated when an item is added to a sales order line.

  When testing the configuration, you discover that the sales tax is not calculated for the sales order line.

  You need to verify the configuration.

  Which of the following should you check?

  A. Ensure that the sales tax code is associated with both the sales tax group and the item sales tax group.

  B. Ensure that the sales tax code is associated with the sales tax group but not the item sales tax group.

  C. Ensure that the sales tax code is associated with the item sales tax group but not the sales tax group.

  D. Ensure that the sales tax code is not associated with either the sales tax group or the item sales tax group.

  Correct Answer: A

• Question 250:

  You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365 system.

  You need to configure the Microsoft Dynamics Finance system to spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.

  Which of the following should you configure?

  A. Cost allocation policy

  B. Cost behavior

  C. Cost elements

  D. Cost distribution

  Correct Answer: D

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting