Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 301:

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

  You need to set up the basic configuration to create a fixed asset.

  Which three 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: BCE

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/create-fixed-asset

• Question 302:

  Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while

  others might not have a correct solution.

  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 company is preparing to complete yearly budgets.

  The company plans to use the Budget module in Dynamics 365 Finance for budget management.

  You need to create the new budgets.

  Solution: Create budget plans for multiple scenarios.

  Does the solution meet the goal?

  A. Yes

  B. No

  Correct Answer: A

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-overview-configuration

• Question 303:

  You are configuring budgeting components in Dynamics 365 Finance. You need to configure multiple budgets.

  What are three budgeting options you can useEach correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

  A. Cost management budget, including Production and Resource groups

  B. Sales budget, including Campaigns and Events

  C. Workforce budget, including Compensation groups and Positions

  D. Project budget, including Items and Fees

  E. Ledger budget, including Revenue and Expense types

  Correct Answer: CDE

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

• Question 304:

  A client is using the budget planning process in Dynamics 365 Finance.

  Your client requires the ability to plan for a one-year, three-year, and five year-budget.

  You need to configure the various year length options to be used in the budgeting module.

  What should you do?

  A. Configure budget control

  B. Configure budget codes

  C. Configure budget cycles

  D. Configure budget allocation terms

  Correct Answer: C

  https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview-configuration

  Budget cycle time span After basic budgeting is configured, you can define the time, or the starting and ending periods, for budgeting and budget control on the Budget cycle time span page. Budget cycles often correspond to fiscal calendars but can span fiscal years.

• Question 305:

  An organization acquires a building.

  You need to register and record the building as an asset building in Dynamics 365 Finance.

  What are three possible ways to achieve the goalEach correct answer presents a complete solution.

  NOTE: Each correct selection is worth one point.

  A. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal

  B. Eliminate the project to a fixed asset

  C. Create a sales invoice to record and register the fixed asset

  D. Select an acquisition transaction type within a fixed asset journal

  E. Use the sales order process to acquire the asset

  Correct Answer: ABD

• Question 306:

  You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer.

  You need to register a transaction for the sale of the machinery by using a free text invoice for fixed assets.

  Which transaction type should you use?

  A. Acquisition

  B. Value adjustments

  C. Depreciation

  D. Disposal

  Correct Answer: D

• Question 307:

  You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets ?vehicles in the wrong fixed asset group. You need to achieve the following:

  1.

  Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.

  2.

  Ensure that all books for the existing fixed asset are created for the new fixed asset. Any information that was set up for the original fixed asset is copied to the new fixed asset.

  3.

  Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group.

  4.

  Ensure that the historical transactions are transferred to the new fixed asset.

  5.

  Ensure Historical Depreciation expense entries do not change. What should you do?

  A. Reclassify the fixed asset

  B. Change the fixed asset group and keep the same fixed asset number

  C. Copy the fixed asset

  D. Transfer the fixed asset

  Correct Answer: A

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassify-fixed-assets

• Question 308:

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

  B. View consignment inventory

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

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

  Correct Answer: B

  The setup is for Vendor (external) role not vendor admin

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

• Question 309:

  A client uses Dynamics 365 Finance for accounts receivable.

  You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.

  Which item should you set up as mandatory?

  A. Select bank transaction type

  B. Select payment reference

  C. Select Payment ID

  D. Select Deposit slip

  Correct Answer: B

• Question 310:

  You are configuring the Accounts payable module for a company.

  The company needs to set a limit on the charges they will pay for specific items.

  You need to set up the limit for charges.

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

  NOTE: Each correct selection is worth one point.

  A. Enable invoice matching validation in the Accounts payable parameters

  B. Enter the maximum amount when you set up the charges code

  C. Use budget control with the specified charges code

  D. Set the maximum charge amount in the Accounts payable parameters

  E. Define the maximum charge amount on the vendor record

  Correct Answer: AB

  "In the Maximum amount field, type the maximum amount that is allowed for this charges code.

  This field is used to validate charges for vendor invoices. You can enable the validation of charges in the Accounts payable parameters form. In the Invoice validation area, select the Enable invoice matching validation check box."