Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 271:

  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 customer uses Dynamics 365 Finance.

  The controller notices incorrect postings to the ledger entered via journal.

  The system must enforce the following:

  1.

  Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.

  2.

  Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.

  3.

  Liability accounts (2000-2999) should not have any dimensions posted.

  4.

  Expense account (6999) requires department, division, project and customer dimensions with all transactions.

  You need to configure the account structure to meet the requirements.

  Solution:

  1.

  Configure two account structures: one for liability accounts listing the (2000-2999) range with no following dimensions and one for Expense and Revenue accounts.

  2.

  For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all dimension columns.

  3.

  For Expense account (6999), configure asterisks in all dimensions. Configure an asterisk and quotes in the customer dimension.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: B

  As asterisk in all dimension columns would mean that a value must be configured for all dimensions.

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

• Question 272:

  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 customer uses Dynamics 365 Finance.

  The controller notices incorrect postings to the ledger entered via journal.

  The system must enforce the following:

  1.

  Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.

  2.

  Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.

  3.

  Liability accounts (2000-2999) should not have any dimensions posted.

  4.

  Expense account (6999) requires department, division, project and customer dimensions with all transactions.

  You need to configure the account structure to meet the requirements.

  Solution:

  1.

  Configure one account structure.

  2.

  Configure an advanced rule for Liability accounts (2000-2999) not to display any dimensions when selected.

  3.

  Configure an advanced rule for Expense account (6999) to require customer.

  4.

  Configure the structure with all dimension fields containing quotations.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: B

  Dimension fields containing quotations means that a blank value is accepted. This does not enforce a value being configured for the dimensions that are ‘Required

• Question 273:

  A company uses Dynamics 365 Finance to manage budgets.

  You need to reallocate funds during the year.

  Which budget code should you use

  A. Carry-forward

  B. Zero-based

  C. Pre-encumbrance

  D. Transfer

  Correct Answer: D

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/basic-budgeting-overview-configuration

• Question 274:

  An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure. The organization has the following requirements:

  1.

  Set up restrictions on the account type and segment values.

  2.

  Capture data accurately for offset accounts, currency, and financial dimensions.

  3.

  Maintain internal control and establish materiality limits.

  You need to set up journal name elements to meet these requirements.

  Which three journal elements should you configureEach correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. workflow approval

  B. account type

  C. journal type

  D. default values

  E. journal control

  Correct Answer: ADE

  "On the Journal names page, you can set up the following elements:

  Workflow approval

• Question 275:

  A client needs guidance on month-end closing procedures.

  The client needs to be able to stop all teams except Accounts payable and General ledger from posting transactions for the month.

  You need to configure Dynamics 365 Finance to allow only those two teams to transact during the period being closed.

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

  NOTE: Each correct selection is worth one point.

  A. Create an access group called month end access for Accounts payable and General ledger team members.

  B. Set all modules to none to prevent any transactions from being posted.

  C. Configure the financial period close workspace tasks to the Accounts payable and General ledger teams only

  D. Move the period status to on hold for your client's one legal entity.

  E. Assign the security group month end access on the ledger calendar form for the modules they need access to.

  Correct Answer: ACE

• Question 276:

  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 has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions. The client has the following requirements:

  1.

  Only expense accounts require dimensions posted with the transactions.

  2.

  Users must not have the option to select dimensions for a balance sheet account.

  You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.

  Solution: Configure one account structure for expense accounts and apply advanced rules.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: B

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

• Question 277:

  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 has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions. The client has the following requirements:

  1.

  Only expense accounts require dimensions posted with the transactions.

  2.

  Users must not have the option to select dimensions for a balance sheet account.

  You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.

  Solution: Configure two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: A

  See GL > Chart of Accounts > Structures > Configure Account Structures

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

• Question 278:

  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 customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture.

  You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.

  Solution: Configure item posting groups for purchase requisitions.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: B

  This is about a purchase order already made. A purchase requisition is the process to have approval before a purchase order is made https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/about-purchase-order-posting-types

• Question 279:

  An organization is upgrading to Dynamics 365 Finance.

  One of the organization's legal entities needs to have different main accounts for a period of six months.

  You need to configure the legal entity override dates.

  Which two actions can you perform? Each correct answer presents a complete solution.

  NOTE: Each correct selection is worth one point.

  A. Set the value of the override date field at the legal entity level to be more restrictive.

  B. Set the value of the override date field at the shared level to be more restrictive.

  C. Set the value of the override date field at the legal level to be less restrictive.

  D. Set the value of the override date field at the shared level to be less restrictive.

  Correct Answer: AD

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/plan-chart-of-accounts

• Question 280:

  You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact.

  You need to assign the Vendor (external) role to this vendor.

  Which tasks can this vendor perform?

  A. Activate or inactivate the association between a contact person and a vendor account.

  B. Delete any contact person that they have created.

  C. View and modify contact person information, such as the person's title, email address, and telephone number.

  D. View consignment inventory.

  Correct Answer: D

  Note:

  There are several versions of this question in the exam. The question has two possible correct answers:

  1.

  View consignment inventory.

  2.

  Maintain vendor collaboration invoices.

  Other incorrect answer options you may see on the exam include the following:

  1.

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

  2.

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

  3.

  Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account.

  4.

  Maintain vendor collaboration invoices.

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-vendor-collaboration