Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 31:

  DRAG DROP

  A company uses basic budgeting functionality in Dynamics 365 Finance.

  A budget manager plans to review and approve budget register entries m the system.

  You need to set up approval workflows.

  Which four actions should you perform m sequence?

  To answer, move the appropriate actions from the list of actions to the answer area and arrange them m the correct order.

  Select and Place:

  

  Correct Answer:

  

• Question 32:

  DRAG DROP

  You are using Microsoft Excel to complete budget planning for the next fiscal year.

  Budget template data must be gathered in real time from Dynamics 365 Finance during the budget planning process.

  You need to create a budget planning template by using Microsoft Excel.

  Which three actions should you perform in sequenceTo answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

  Select and Place:

  

  Correct Answer:

  

  Step 1: Enter data from the current year's budget planning template.

  Create a new template from existing data

  Step 2: Add data connector fields.

  Microsoft Excel can change and quickly analyze data. The Excel Data Connector app interacts with Excel workbooks and OData services that are created for publicly exposed data entities. The Excel Data Connector add-in enables Excel to

  become a seamless part of the user experience. The Excel Data Connector add-in is built by using the Office Web add-ins framework.

  Step 3: Upload the template.

  When you have your Excel template customized the way you want, you can upload it into Dynamics 365. Where you upload the template determines its availability.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/office-integration/office-integration

  https://portal.dynamics365support.com/knowledgebase/article/KA-01250/en-us

• Question 33:

  DRAG DROP

  You are implementing Dynamics 365 Finance and have deployed one instance with the following legal entities:

  

  You need to configure the ledger.

  Which ledger currencies should be configuredTo answer, drag the appropriate currency type to the ledger currency. Each currency type may be used once, more than once, or not at all. You may need to drag the split bar between panes or

  scroll to view content.

  NOTE: Each correct selection is worth one point.

  Select and Place:

  

  Correct Answer:

  

  Box 1: CAD

  Reporting currency is the currency used for operational reporting to the government bodies.

  Accounting currency is what your legal entity uses for amounts calculation. It is unique per the legal entity. Reporting currency is the currency used for operational reporting to the government bodies

  Box 2: GBP

  Accounting currency is what your legal entity uses for amounts calculation. It is unique per the legal entity.

• Question 34:

  DRAG DROP

  A customer implements Dynamics 365 Finance You need to configure bank reconciliation settings.

  What should you do? To answer, drag the appropriate configuration options to the correct requirements.

  Each configuration option may be used once, more than once, or not at all you may need to drag the spirt bar between panes or scroll to view content.

  NOTS: Each correct selection is worth one point.

  Select and Place:

  

  Correct Answer:

  

  Box 1: Payment reference Deposit slip and bridged transactions to address bank/card/payment provider fees in bank statement and bank reconciliation in Microsoft Dynamics 365 Finance and Operations

  Steps Create general journal

  Load bridge transactions Create additional journal line and provide the account for fees and use offset as bank as previous line

  * enable deposit slip on both lines and use same payment reference after posting journal use functions to prepare deposit slip after generating deposit slip check bank statement and bank transactions

  Box 2: Transaction type Create transactions for entries, such as fees and interest, that are on the bank statement but that are not recorded in Finance. Enter the Bank transaction type and appropriate financial dimensions.

  Reference: https://community.dynamics.com/ax/b/happyd365fo/posts/deposit-slip-and-bridged-transactions-to-address-bank-card-oayment-provider-fees-in-bank-statement-and-bank-reconciliation-in-microsoft-dynamics-365-finance-and-operations https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/reconcile-bank-account

• Question 35:

  DRAG DROP

  You are implementing Dynamics 365 Finance. A new product is being released.

  The system must track the probability of the new product by cost center and you must use the cost control workspace.

  You need to configure the system.

  Which option should you useTo answer, drag the appropriate option to the correct requirement. Each value may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.

  NOTE: Each correct selection is worth one point.

  Select and Place:

  

  Correct Answer:

  

• Question 36:

  DRAG DROP

  A company is implementing Microsoft Dynamics 365 Finance.

  The company has multiple vehicles. You depreciate all vehicles by using the straight-line service file depreciation method. The same ledger account is used to record the transaction when vehicle assets are acquired,

  You need to configure the vehicles as fixed assets in the system.

  Which feature should you useTo answer, drag the appropriate features to the correct requirements- Each feature may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.

  NOTE: Each correct selection b worth one point.

  Select and Place:

  

  Correct Answer:

  

• Question 37:

  DRAG DROP

  A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.

  You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation, In which order should you perform the actionsTo answer, move all actions from the list of actions to the answer area and arrange them in

  the correct order.

  NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

  Select and Place:

  

  Correct Answer:

  

• Question 38:

  DRAG DROP

  A company uses Microsoft Dynamics 365 Finance.

  You receive a new purchase invoice. You must process the invoice as a fixed asset that complies with applicable tax regulations. Double entry is not permitted for asset acquisitions.

  You need to configure the asset and books.

  Which four actions should you recommend be performed in sequenceTo answer move all actions from the list of actions to the answer area and arrange them m the correct order.

  Select and Place:

  

  Correct Answer:

  

• Question 39:

  DRAG DROP

  You are processing checks in Dynamics 365 Finance for a client.

  You need to identify the outcome of the processed checks.

  What is the check status for each scenario? To answer, drag the appropriate check statuses to the scenarios. Each check status may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to

  view content.

  NOTE: Each correct selection is worth one point.

  Select and Place:

  

  Correct Answer:

  

• Question 40:

  DRAG DROP

  A company is implementing Microsoft Dynamics 355 -Finance. The company plans to Implement the fixed asset module. You have the full awing requirements:

  1.

  Post transactions to the tax depreciation hook at the same interval as the primary book.

  2.

  Tax transactions must be journalized without being recorded in the general ledger.

  You need to configure the wet! asset books.

  Which conjuration option should you useTo , drag the appropriate urn figurations to the correct requirement. Each configuration may be used once, more than once, more not at all You may need to drag the split bar between panes or scroll to

  view content.

  NOTE: Each correct selection is worth one point.

  Select and Place:

  

  Correct Answer:

  

  Box 1: Derived

  Books that are set up to post transactions at intervals other than the primary book intervals must be attached to the fixed asset as separate books and not as derived books.

  Box 2: Posting layer

  Each fixed asset transaction is posted to the general ledger. Typically, both a ledger account and a ledger offset account are affected. It is important to select the correct transaction type for fixed asset transactions because the transaction

  type connects the transaction to the posting profile. The posting profile determines which ledger accounts are used for posting in the general ledger.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/derived-books

  https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/post-fixed-asset-journals