Microsoft Microsoft Certifications MB-310 Questions & Answers

• Question 71:

  HOTSPOT

  You need to determine the root cause for User1's issue.

  Which configuration options should you check? To answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 72:

  HOTSPOT

  The posting configuration for a purchase order is shown as follows:

  

  Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 73:

  HOTSPOT

  You need to configure the budgeting module to meet Fourth Coffee's requirements.

  Which configuration should you use for each task? To answer select the appropriate options in the answer m

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Box 1: budget control documents and journals

  On the Documents and journals tab, you can select which source documents and journals will be subject to budget control checks, and whether the checks will occur at the level of the line entry or the whole document.

  Note: User4 observes an increase in procurement department expenses for supplies.

  Incorrect:

  *

  Budget funds available

  On the Budget funds available tab, you can define the formula that is used to calculate available budget funds. Depending on how conservatively an organization manages its financial resources, or depending on regulations or industry

  requirements, the calculation can include draft or unposted documents.

  *

  Assign budget models

  On the Assign budget models tab, you assign budget models to the budget cycle time spans that should be included in budget control.

  Box 2: divison

  Two dimensions are used: Department and Division.

  Box 3: department

  Note: Budgeting is controlled at the department level.

  The purchasing budget is used to enforce purchasing limits.

  Reference:

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

• Question 74:

  HOTSPOT

  A company uses basic budgeting functionality in Dynamics 365 Finance.

  The company requites an approval process for budget register entries. The company wants to add fixed asset depreciation expenses to its budget register entry. The depreciation expense must be automatically calculated.

  You need to configure the necessary components in the system.

  Which components should you configure?

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

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 75:

  HOTSPOT

  You need to prevent a reoccurrence of User2's issue.

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

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 76:

  HOTSPOT

  You need to configure settings to resolve User1's issue.

  Which settings should you use? To answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer:

  

• Question 77:

  HOTSPOT

  You manage a Dynamics 365 Finance implementation.

  New system users are incorrectly posting payment transactions. You must use payment controls for bank payments by using checks for customer's due invoices to restrict new users from posting to customer payment journals.

  You need to set up payment control for validation while using a method of payment in a journal entry.

  Which actions should you use? To answer, select the appropriate options in the answer area.

  Hot Area:

  

  Correct Answer:

  

  Reference: https://financefunction.tech/2019/02/15/how-to-manage-payables-in-dynamics-365-for-finance-and-operations/

• Question 78:

  HOTSPOT

  A company plans to implement expense management in Dynamics 365 Finance.

  The finance manager requires the following functionality:

  Define rules that employees must follow to submit an expense report.

  Share expense classifications between expense management and project accounting.

  Approve expenses on behalf of another employee.

  You need to recommend configuration options.

  Which configuration options should you recommend?

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

  Hot Area:

  

  Correct Answer:

  

  Explanation:

  Box 1: Expense policies

  Define rules that employees must follow to submit an expense report.

  Define expense policies

  You can define policies that your workers must follow when entering and submitting expense reports and travel requisitions. Implementing expense policies can help you manage expenses effectively.

  For example, you can set a policy for hotel expenses in New York City, which states that the per night expense cannot exceed USD 250. If a worker submits an expense report or travel requisition where the room rate exceeds this amount, the

  system will notify the worker that the policy amount for the expense has been exceeded. You can configure the message that the worker will receive when you define the policy.

  Box 2: Expense categories

  Share expense classifications between expense management and project accounting.

  Set up expense categories

  When employees create expense reports, 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.

  Depending on how your organization is defined, these expense categories can also be shared in other areas. Based on the definition of your organization and guidance from the implementation team, you must determine whether the

  categories that are used in Expense management will be used only in Expense management or should be shared in other areas.

  Note

  These categories can be shared between Project management and accounting and Expense management, or between Project management and accounting and Production. However, they can't be shared between Expense management and

  Production.

  Before you can begin the setup process, the following decisions must be made for each expense category:

  What is the expense category? Examples include categories for flights, hotel, or mileage.

  Etc.

  Box 3: Expense delegation

  Approve expenses on behalf of another employee.

  Manage expense delegation for another employee

  An expense delegate can create and manage expense reports for another employee.

  Configure expense delegation

  To set up a user as an expense delegate, go to Expense management > Setup > General > Delegates.

  On the Delegates page, select New.

  Select the employee that will have a delegate defined.

  Enter the alias of the delegate user and the start and end date for the delegation period.

  Reference:

  https://learn.microsoft.com/en-us/dynamics365/project-operations/expense/set-up-policies

  https://learn.microsoft.com/en-us/dynamics365/project-operations/expense/set-up-expense-categories

• Question 79:

  HOTSPOT

  A company uses Dynamics 365 Finance.

  The company has prepaid insurance expenses at the beginning of the calendar year that cover the entire year. The company must expense the prepaid insurance automatically and equally during a month-end process.

  You need to configure the accrual scheme.

  How should you configure the accrual scheme? To answer, select the appropriate options in the answer area.

  NOTE: Each correct answer is worth one point.

  Hot Area:

  

  Correct Answer:

  

  Reference: https://www.synoverge.com/blog/accrual-scheme-in-microsoft-dynamics-365-fo/

• Question 80:

  HOTSPOT

  You are implementing Microsoft Dynamics 365 Finance.

  You need to implement processes for updating fixed assets and creating fixed asset transactions.

  Which process should you use? To answer, select the appropriate options in the answer area.

  NOTE: Each correct selection is worth one point.

  Hot Area:

  

  Correct Answer: