MB-310 Dumps (2024) Prepare Your Exam With 235 Questions [Q21-Q38]

MB-310 Dumps (2024) Prepare Your Exam With 235 Questions

New MB-310 Dumps - Real Microsoft Exam Questions

Step 6: Enjoy self-evaluation time

The last step of any successful preparation process involves self-evaluation. Take several practice tests so that you can diversify your study strategy in order to ensure the best results. When you analyze your answers, you will be able to find out what areas you should still give special attention to. Taking practice tests will also help you become aware of your alignment with the objectives of the actual exam.

Microsoft MB-310 exam is designed for individuals who want to become Microsoft Dynamics 365 Finance functional consultants. MB-310 exam measures the candidate's knowledge and skills in managing financial operations, managing and configuring core financial modules, and implementing and managing financial reporting. Moreover, passing MB-310 exam helps the candidates to become certified Microsoft Dynamics 365 Finance Functional Consultants.

NEW QUESTION # 21
A company plans to allocate revenue across occurrences by using recognition basis.
Which recognition basis can you use?

A. Monthly by dates
B. Mid-month split
C. first of month
D. First of next month

Answer: D

Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/revenue-recognition-setup

NEW QUESTION # 22

You are asked to configure the method of payments for vendors.
You are viewing an Accounts payable method of payment.
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.

Answer:

Explanation:

NEW QUESTION # 23
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

Answer:

Explanation:

1 - Set up the Form Notes in the Credit and collections module
2 - Define the collection letter sequence
3 - Link the collection letter sequence to the customer posting profile
4 - Generate the collection letter
5 - Post the collection letter
Reference:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/

NEW QUESTION # 24
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.

Answer:

Explanation:

Explanation

NEW QUESTION # 25
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 actions? To 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.

Answer:

Explanation:

1 - In the General ledger module..
2 - ON the main account setup form,...
3 - In the Accounts payable module,...
4 - In the foreign currency revaluation...

NEW QUESTION # 26
Manual entry of currency exchange rates must be discontinued. Currency exchange rates must use the current rate values provided by the European Central Bank. The exchange rate entries and updates must be automated.
You need to configure the system.
Which two options should you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

A. Run currency revaluation
B. Configure the exchange rate provider
C. Configure dual currency
D. Create the currencies
E. Run the import currency exchange rate process

Answer: B,E

Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/import-currency-exchange-rates

NEW QUESTION # 27
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.

Answer:

Explanation:

NEW QUESTION # 28
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.

Answer:

Explanation:

NEW QUESTION # 29
A client is implementing fixed assets in Dynamics 365 Finance.
You need to specify which parameters should be configured to meet the business requirements.
Which parameters meet the requirements? To answer, drag the appropriate parameters to the correct requirements. Each parameter 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.

Answer:

Explanation:

Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/tasks/set-up-fixed-asset-posting-profiles
https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/set-up-fixed-assets

NEW QUESTION # 30
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A client has multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics
365 Finance.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations.
They want to use Dynamics 365 Finance instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate online in Dynamics 365 Finance. Include eliminations during the process or as a proposal. Set up the transactions to post in the legal entity configured for consolidations.
Does the solution meet the goal?

A. Yes
B. No

Answer: B

Explanation:
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation- elimination-overview

NEW QUESTION # 31
You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor. Which tasks can this vendor perform?

A. View and modify contact person information, such as the person's title, email address, and telephone number.
B. Delete any contact person that they have created.
C. View consignment inventory.
D. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account

Answer: C

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-vendor-collaboration

NEW QUESTION # 32
A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your client requires the ability to plan for a one-year, three-year, and five-year budget. You need to configure the various year length options to be used in the budgeting module. What should you do?

A. Configure budget cycles.
B. Configure budget control.
C. Configure budget codes.
D. Configure budget allocation terms.

Answer: C

NEW QUESTION # 33
A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

Answer:

Explanation:

Explanation:
References:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/

NEW QUESTION # 34
You need to resolve the issue that User4 reports.
What should you do?

A. Remove the externalsystemuser role from the vendor
B. Change the status of the vendor collaboration request
C. Create a vendor account with the systemexternaluser role and the vendor admin (external) role
D. Manually create the vendor account with the systemuser role

Answer: B

NEW QUESTION # 35
A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions? To answer, select the appropriate configuration in the answer are3. NOTE: Each correct selection is worth one point.

Answer:

Explanation:

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-cost-accounting

NEW QUESTION # 36
You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor. Which tasks can this vendor perform?

A. View and modify contact person information, such as the person's title, email address, and telephone number.
B. Delete any contact person that they have created.
C. View consignment inventory.
D. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account

Answer: C

Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-ven

NEW QUESTION # 37
A client confirms a safes order in Dynamics 365 for Finance and Operations. You are viewing the confirmed sales order.