Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 341:

  You need to identify the posting issue with sales order 1234.

  What should you do?

  A. Correct the recognition basis.

  B. Correct the recognition convention.

  C. Validate that the revenue recognition schedule is populated on the sales order line.

  D. Validate that the revenue recognition schedule is populated on the sales order header.

  E. Update the revenue price allocation.

  Correct Answer: C

  The finance team observed that for sales order invoice 1234, the price incorrectly posts to a revenue account when it should be deferring.

  Revenue recognition on sales orders.

  Determine when revenue recognition should occur. A revenue schedule is used to determine when revenue should be recognized.

  Determine the revenue price. The revenue price is calculated based on the setup of the released products. The revenue price is never shown to the customer but is used only for the accounting of the sales order invoice. The sales order lines

  and the documents that are printed as part of the sale continue to show the unit/list price.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/revenue-recognition-so-basics

• Question 342:

  You need to address the employees issue regarding expense report policy violations.

  Which parameter should you use?

  A. Validate expense purpose

  B. Pre-authorization of travel is mandatory

  C. Evaluate expense management policies

  D. Policy rule type

  Correct Answer: C

• Question 343:

  You need to ensure that captured employee mobile receipts automatically match the transactions to resolve the User1 issue.

  Which feature should you enable?

  A. Show receipts during itemization

  B. Define expense policy for receipts

  C. Expense management workspace

  D. Expense reports re-imagined

  Correct Answer: D

  Note: User1 installed the Expense Management Service add-in and implemented the auto-match and create expense from receipt features but the receipt images do not match the corporate card transactions. In the Feature management workspace, turn on the following features:

  1.

  Expense reports re-imagined

  2.

  Auto-match and create an expense from receipt

  3.

  Install add-in before enabling the feature.

  Reference: https://www.linkedin.com/pulse/expense-management-add-in-dynamics-365-finance-eralp-erakalin

• Question 344:

  You need to configure budget planning for Alpine Ski House Corporate.

  Which two components should you configure? Each correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. budget control workflow

  B. budget planning hierarchy

  C. organizational hierarchy

  D. operational budget register entry

  E. budget planning workflow

  Correct Answer: BE

  Note: Two new resort projects are in the budget planning stages and will open in the next fiscal year.

  Budget preparation begins this month. All operational resorts will submit their budgets in two weeks.

  User6 needs to have visibility into the increase in budget that is necessary to staff the two new resorts opening next year.

  B: Organization hierarchy for budget planning On the Organization hierarchy page, you can specify an organization hierarchy as a budget planning hierarchy for each budget planning process. The budget planning hierarchy doesn't have to match the standard organization hierarchy that is used for other purposes. Because this hierarchy is used to aggregate and distribute data, you might want it to have a different structure.

  E: Budget planning workflows ג

• Question 345:

  You need to resolve the issue that User4 reports. What should you do?

  A. Change the status of the vendor collaboration request

  B. Create a vendor account with the systemexternaluser role and the vendor admin (external) role

  C. Remove the externalsystemuser role from the vendor

  D. Manually create the vendor account with the systemuser role

  Correct Answer: A

• Question 346:

  You need to adjust the sales tax configuration to resolve the issue for User3. What should you do?

  A. Create multiple settlement periods and assign them to the US tax vendor.

  B. Create multiple sales tax remittance vendors and assign them to the settlement period.

  C. Run the payment proposal to generate the sales tax liability payments.

  D. Create a state-specific settlement period and assign the US tax vendor to the settlement period.

  Correct Answer: D

• Question 347:

  You need to determine the cause of the issue that User1 reports.

  What are two possible causes for the issue? Each correct answer presents part of the solution.

  NOTE: Each correct selection is worth one point.

  A. The account structure is in draft status.

  B. The financial dimensions were created in the incorrect legal entity.

  C. User1's security is incorrectly set up.

  D. The account structure has an asterisk for all dimensions.

  E. The account structure has quotations for all dimensions.

  Correct Answer: BD

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

• Question 348:

  You need to recommend a solution to prevent User3's issue from recurring. What should you recommend?

  A. Configure automatic charge codes.

  B. Create a service item.

  C. Configure a sales order template.

  D. Create a procurement category.

  Correct Answer: A

• Question 349:

  The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are purchased totaling USD1,000. When the purchase invoice is prepared, USD10,000 is keyed in by mistake.

  Which configuration determines the result for this intercompany trade scenario?

  A. Post invoices with discrepancies is set to require approval.

  B. Match invoice totals is set to yes.

  C. Three-way match policy is configured.

  D. Two-way match policy is configured.

  E. Post invoices with discrepancies is set to allow with warning.

  Correct Answer: A

  Requirement: Canadian franchises require a three-way-match on all purchases except paper products, which have a 10-percent price tolerance.

• Question 350:

  You need to acquire the fixed assets that are associated with the purchase orders. What should you do?

  A. Select the fixed asset checkbox on the invoice.

  B. Create the fixed assets in the fixed asset module and then acquire the asset.

  C. Create the fixed assets in the fixed asset module and then select the fixed asset checkbox on the product receipt.

  D. Reverse the product receipt and then repost it.

  Correct Answer: A

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/acquire-assets-procurement