Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 61:

  HOTSPOT You need to configure credit card processing for all three companies Which option should you useTo answer, select the appropriate options m the answer area NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 62:

  HOTSPOT

  You need to ensure accounting entries are transferred from subledgers to general ledgers.

  How should you configure the batch transfer ruleTo answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: Configure subledger transfer as a scheduled batch

  Humongous Insurance's subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.

  Box 2: Configure subledger transfer as Synchronous

  Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.

  The following options are available for transferring subledger batches:

  Asynchronous ג€andquot; Transfer of the subledger accounting entries to the general ledger is scheduled immediately. The General ledger voucher will be recorded as soon as resources are available to process the request on the server.

  Scheduled batch ג€andquot; The subledger accounting entries that must be transferred are added to the processing queue in General ledger. The entries in the queue will be processed in the order that they are received in. Each General ledger

  voucher will update accounts at the scheduled time if resources are available to process the batch job on the server.

  Incorrect:

  * synchrounous

  In version 8.1, changes were made to allow the transfer of rules, which deprecated the Synchronous option.

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/subledger-transfer

• Question 63:

  HOTSPOT

  You need to configure currencies for the legal entities.

  How should you configure currencies?

  To answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: USD

  Humongous Insurance is a US-based company.

  Box 2: CNY

  The Humongous subsidiary will operate in China.

  As part of the spinoff to a subsidiary, Humongous Insurance's subsidiaries taxes must be changed from US government rates to Chinese government rates.

  Box 3: CAD

  Trey Research is a Canadian-based company.

• Question 64:

  HOTSPOT

  You need to configure expense management tor Humongous Insurance and its subsidiary.

  Which options should you useTo answer select the appropriate options in me answer area

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: Humongous Insurance

  Taxes

  1.

  As part of the spinoff to a subsidiary, Humongous Insurance's subsidiaries taxes must be changed from US government rates to Chinese government rates.

  2.

  Humongous Insurance's subsidiary must track use taxes that are not claimed or reported to the Chinese tax agency.

  In the Legal entity for intercompany tax posting field, select whether to post intercompany tax amounts to the legal entity where the transaction originates or to the legal entity where the intercompany transactions are posted to. Use the

  information in the following table to decide which legal entity to select.

  Destination - Select this option if your organization uses U.S. sales and use tax. (This is your only option if the Apply U.S. taxation rules option is selected in the

  General ledger parameters form.)

  Sales tax amounts for intercompany transactions are posted to the legal entity that the expense or revenue is being distributed to.

  Source - Sales tax amounts for intercompany transactions are posted to the legal entity where the payable to the vendor, the receivable to the customer, or a bank account is recorded.

  Note:

  Intercompany transaction - A transaction between legal entities that are part of the same organization that consolidates the accounts of the legal entities.

  Destination legal entity - The legal entity that the expense or revenue is being distributed to, or a bank account.

  Source legal entity - The legal entity where the payable to the vendor or the receivable to the customer is recorded.

  Box 2: Humongous Insurance

  Box 3: Humongous Insurance subsidiary

  Box 4: Humongous Insurance

  Reference:

  https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/posting-sales-tax-amounts-for-intercompany-transactions

• Question 65:

  HOTSPOT

  You need to configure the fiscal year calendars for each legal entity.

  How should you configure the fiscal year calendarsTo answer, select me appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: JanDec

  Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December 31.

  Note: You must create three new fiscal calendars:

  1.

  A fiscal calendar named FebJan that runs from Feb 1 to Jan 31.

  2.

  A fiscal calendar named AprMar that runs from April 1 to March 31.

  3.

  A fiscal calendar named JanDec that runs from January 1 to December 31.

  Box 2: FebJan

  The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31.

  Box 3: AprMar

  Trey Research is a Canadian-based company that operates its fiscal year from April 1 to March 31.

• Question 66:

  HOTSPOT

  You need to configure credit card processing for all three companies.

  Which option should you useTo answer, select the appropriate options in the answer area

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: Level 3

  Humongous Insurance requires all credit card transactions to include line-item details.

  Level 3 Transfer all Level 2 information, plus order line information.

  Note: Data support

  For each credit card type that is supported, you can specify the level of data support. The level controls how much information about a transaction is transferred to the payment service. Be sure to check with your provider to determine whether

  it can provide this information. Here are the options for the level of data support:

  Level 1 Transfer the transaction date, transaction amount, and description.

  Level 2 Transfer all Level 1 information, plus the shipping and merchant addresses, and tax information.

  Level 3 Transfer all Level 2 information, plus order line information.

  Box 2: Level 2

  Humongous Insurance's subsidiary requires the shipping address, merchant address, and tax information, but cannot include any order line details.

  Box 3: Level 3

  Trey Research requires all credit card transactions include transaction date, transaction amount, description, and line-item details.

  Reference:

  https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/credit-card-authorizations

• Question 67:

  HOTSPOT

  You need to identify why the sales orders were sent to customers.

  Which configuration allowed the sales orders to be sent? To answer, select the appropriate configuration in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: Exclusion rule

  VanArsdel, Ltd. exceeded its credit limit but the sales order was processed.

  Set up blocking rules and exclusion rules

  When a customer initiates a sales transaction, the information on the sales order is reviewed against a set of blocking rules that guide the decision of whether or not to extend credit to the customer and allow the sale to move forward. You can

  also define exclusions that will override the blocking rules and allow a sales order to be processed.

  Box 2: Credit limit

  The credit management blocking rules can apply to an individual customer, or a group of customers. Blocking rules define responses to the following circumstances:

  1.

  Number of days overdue

  2.

  Accounts status

  3.

  Terms of payment

  4.

  Credit limit expired

  5.

  Overdue amount

  6.

  Sales order amount

  7.

  Portion of available credit used

  Current environment. Finance: A blocking rule is set up to prevent a sales order from processing if a customer exceeds a credit limit.

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/cm-sales-order-credit-holds

• Question 68:

  HOTSPOT

  You need to configure the system to meet the budget preparation requirements.

  What should you do? To answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 69:

  HOTSPOT

  You need to validate the sales tax postings for Tennessee and Alabama.

  Which tax selections meet the requirement? To answer. select the appropriate options in the answer area NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Item sales tax all and sales tax group 7 percent item sales tax all and sales tax group no tax

• Question 70:

  HOTSPOT

  You need to configure the expense module for reimbursement.

  How should you configure the expense module? To answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: Configure the personal card expense category

  Employee2 purchased supplies for a holiday party and needs to be reimbursed.

  First Up Consultants requires the ability to reimburse employees in their paychecks for expenses incurred on personal cards.

  Expense categories and shared categories

  When employees create an expense report, each expense that they record must be associated with an expense category. Expense categories are derived from shared categories that can be shared across the legal entities in your

  organization. These categories can also be shared in Project management and accounting, depending on the way that your organization is defined. Based on the definition of your organization and guidance from the implementation team,

  determine whether the categories that are used in Expense management will be used only in Expense management, or whether they should be shared between Project management and accounting and Expense management.

  Box 2: Reconcile the expense through a credit card transaction import Import and maintain credit card transactions Expense-related credit card transactions can be set up so that they are automatically imported on a recurring schedule. Alternatively, the transactions can be manually imported as they are required. The credit card transactions are imported through the Credit card transactions data entity. Incorrect:

  *

  Configure the employee as a vendor

  *

  Reimburse the employee through the expense management workspace

  Reference: https://docs.microsoft.com/en-us/dynamics365/project-operations/prod-exp/plan-expense-management https://docs.microsoft.com/en-us/dynamics365/project-operations/prod-exp/import-credit-card