Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 51:

  DRAG DROP

  An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15th of every month in the amount of $450.00.

  You need to set up, configure, and process recurring free text invoices for the customers.

  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.

  Select and Place:

  

  Correct Answer:

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-up-process-recurring-invoices

• Question 52:

  DRAG DROP

  You are a Dynamics 365 Finance functional consultant. A legal entity processes and settles vendor payments on behalf of other legal entities in an organization.

  You need to configure the centralized payment flow for the legal entity.

  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.

  Select and Place:

  

  Correct Answer:

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up-centralized-payments

• Question 53:

  DRAG DROP

  You are controller for a public sector organization. You need detailed fiscal tracking and reporting.

  You need to set up fund types categorized under specific fund classes.

  Which fund type can you set up for each fund classTo answer, drag the appropriate fund types to the correct fund classes. Each fund 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:

  

  Governmental - General Proprietary - Special revenueFiduciary - Agency

  References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/funds-public-sector

• Question 54:

  DRAG DROP

  A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.

  You need to set up the derived financial hierarchy to generate an outgoing electronic document.

  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.

  Select and Place:

  

  Correct Answer:

  

  References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/public-sector/tasks/set-up-derived-financial-hierarchy-public-sector

• Question 55:

  DRAG DROP

  A client has Accounts payable invoices in their legal 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 Finance 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 56:

  DRAG DROP

  A retail company has outlets in multiple locations. Taxes vary depending on the location.

  You need to configure the various components of the tax framework.

  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.

  Select and Place:

  

  Correct Answer:

  

  References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/indirect-taxes-overview

• Question 57:

  DRAG DROP

  You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities:

  1.

  CompanyA

  2.

  CompanyB

  You need to configure intercompany accounting for both legal entities.

  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.

  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:

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-accounting-setup

• Question 58:

  DRAG DROP

  You are a controller in an organization. You are identifying cost drivers to see how changes in business activities affect the bottom line of your organization. You need to assess cost object performance to analyze actual versus budgeted cost

  and how resources are consumed.

  You need to demonstrate your understanding of cost accounting terminology.

  Which component maps to the cost accounting terminology

  To answer, drag the appropriate component to the correct cost accounting terminology. Each source may be used once. 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:

  

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

• Question 59:

  DRAG DROP

  You need to set up a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization.

  You need to configure the prerequisite setup for the standard costing version for the current period.

  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.

  Select and Place:

  

  Correct Answer:

  

  Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/prerequisites-standard-costs

• Question 60:

  HOTSPOT

  You need to configure the cash flow management reports.

  How should you configure cash flow managementTo answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: Total

  Reporting: The CEO of Humongous Insurance needs to view the insurance products that customers plan to purchase. The report must show all transactions made over the last two years.

  Humongous Insurance reports across all its subsidiaries in consolidated financial reports.

  Calculate the cash flow forecast by using the Calculate cash flow forecasts page. You can calculate either the full cash flow forecast or an incremental cash flow forecast.

  * To clear all cash flow forecast transactions and recalculate, set the Cash flow forecast calculation method field to Total. We recommend that you use this approach if you haven't updated the cash flow forecasts for a long time.

  Box 2: New

  Reporting: The corporate vice president of Humongous Insurance's subsidiary needs to view the forecasted cash impact of specific products purchased. The report must show only new transactions.

  To update the existing cash flow information for new transactions only, set the Cash flow forecast calculation method field to New. The page will show the date when your cash flow calculation was last run.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting