Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 251:

  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 classify costs according to their behavior in relation to changes in key business activities.

  Which of the following should you configure?

  A. Cost classification

  B. Cost behavior

  C. Allocation base

  D. Cost elements

  Correct Answer: B

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

• Question 252:

  A company 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 and to provide training for members of the

  Accounts team.

  You are providing training on the cost accounting module in the Dynamics 365 Finance system.

  Which of the following are examples of cost behavior?

  A. Primary, secondary

  B. By elements, by traceability

  C. Products, projects, departments

  D. Fixed, variable, semi-variable

  Correct Answer: D

• Question 253:

  A company 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 and to provide training for members of the

  Accounts team.

  You are providing training on the cost accounting module in the Dynamics 365 Finance system.

  Which of the following can be primary or secondary?

  A. Cost element

  B. Cost classification

  C. Cost control unit

  D. Cost behavior

  Correct Answer: A

• Question 254:

  A company 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 and to provide training for members of the

  Accounts team.

  You are providing training on the cost accounting module in the Dynamics 365 Finance system.

  Products, projects, departments, cost center are example of which of the following?

  A. Cost elements

  B. Cost objects

  C. Cost classifications

  D. Cost distribution

  Correct Answer: B

• Question 255:

  A company uses a Microsoft Dynamics 365 Finance. Your role of Systems Administrator includes the management of the Microsoft Dynamics 365 Finance system.

  The Financial Director wants a way to view the progress of financial closing processes. The solution must provide the ability to view tasks that are past due, remaining tasks for today, tasks that are due today but are blocked because of

  dependencies, and all remaining tasks for the process.

  Which of the following should you configure?

  A. Financial reports

  B. Financial period close workspace

  C. Business Process Flow

  D. Financial insights workspace

  Correct Answer: B

• Question 256:

  A company 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 and to provide training for members of the

  Accounts team.

  You are providing training on the cost accounting module in the Dynamics 365 Finance system.

  Which of the following statements describes a cost entry?

  A. Used to distribute cost from one cost object to one or more other cost objects by applying a relevant allocation base.

  B. Used to allocate the balance of a cost object to other cost objects by applying an allocation base

  C. Represents the cost structure. The structure determines how cost flows in a hierarchical order between cost object dimensions and their respective cost objects.

  D. The result of a transfer via data connectors from general ledger entries, cost allocations, and posted cost entries in cost journals.

  Correct Answer: D

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

• Question 257:

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

  Users report that the results in financial reports are incorrect.

  You discover that the discrepancies are caused by users selecting invalid main account and dimension combinations when posting journal entries.

  You need to specify which financial dimensions are valid for which main accounts to prevent the invalid main account and dimension combinations.

  What should you configure?

  A. Ledger allocation rules

  B. Financial dimension sets

  C. Account structure

  D. Cost classifications

  Correct Answer: C

• Question 258:

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

  You need to configure posting definitions. You need to determine which transaction types you can configure posting definitions for.

  For which of the following can you NOT configure posting definitions

  A. Fixed assets

  B. Accounts payable

  C. Payroll

  D. Accounts receivable

  E. Budget

  Correct Answer: A

• Question 259:

  A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system.

  You need to configure the sales tax functionality in Dynamics 365 Finance.

  You have created the main accounts and set up the ledger posting groups for sales tax.

  Which of the following actions should you perform next?

  A. Set up sales tax reporting codes.

  B. Set up sales tax authorities.

  C. Set up sales tax codes.

  D. Set up sales tax groups.

  Correct Answer: B

• Question 260:

  A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system.

  You need to configure the account structure.

  For the Business Unit dimension, you need to ensure that blank values are allowed.

  Which of the following values should you include for the business unit dimension?

  A. * (asterisk)

  B. " " (two quotation marks)

  C. ANY

  D. Blank

  Correct Answer: B