Free MB-310 Exam Braindumps (page: 15)

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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 company is preparing to complete yearly budgets.

The company plans to use the Budget module in Dynamics 365 for Finance and

Operations for budget management

You need to create the new budgets.

Solution: Create budget plans for multiple scenarios.

Does the solution meet the goal?

  1. Yes
  2. No

Answer(s): A


Reference:

https://docs.microsoft.com/en-us/dynamics365/unified- operations/financials/budgeting/budget-planning-overview-configuration



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You are a Dynamics 365 Finance expert for an organization.

You need to configure the Financial period close workspace.

Which three configuration processes should you use? Each correct answer presents a part of the solution.

NOTE: Each correct selection is worth one point,

  1. Create templates that contain the required tasks within the closing process and assign to closing role.
  2. Create a separate closing schedule for every legal entity.
  3. Assign a ledger calendar to the closing process.
  4. Create task areas and descriptions.
  5. Designate resources and their scope based on closing roles.

Answer(s): A,D,E


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-period- close-workspace



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NOTE: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 customer uses Dynamics 365 Finance.

The controller notices incorrect postings to the ledger entered via journal.

The system must enforce the following:

Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional.
Revenue accounts (4000-4999) require department and division and allow project and customer dimensions.
Liability accounts (2000-2999) should not have any dimensions posted. Expense account (6999) requires department, division, project and customer dimensions with all transactions.

You need to configure the account structure to meet the requirements.

Solution:

Configure one account structure with department, division, project and customer dimensions.
Configure asterisks in all columns for Expense accounts (6000-6999), Revenue accounts (4000-4999), and Liability accounts (2000-2999).

Does the solution meet the goal?

  1. Yes
  2. No

Answer(s): B

Explanation:

As asterisk in all dimension columns would mean that a value must be configured for all dimensions.


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account- structures



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CORRECT TEXT
You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to implement a quarterly accruals scheme for USMF. The accrual scheme settings must match the settings of the monthly and annual accrual schemes.

To complete this task, sign in to the Dynamics 365 portal.

  1. See explanation below.

Answer(s): A

Explanation:

Look at the monthly and annual accrual scheme settings. Create a quarterly accrual scheme with the same settings by using the following instructions:

Go to Navigation pane > Modules > General ledger > Journal setup > Accrual schemes.
Select New.
In the Accrual identification field, type a value. In the Description of accrual scheme field, type a value. In the Debit field, specify the desired values. The main account defined will replace the debit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions. In the Credit field, specify the desired values. The main account defined will replace the credit main account on the journal voucher line and it will also be used for the reversal of the deferral based on the ledger accrual transactions. In the Voucher field, select how you want the voucher determined when the transactions are posted.

In the Description field, type a value to describe the transactions that will be posted.
In the Period frequency field, select how often the transactions should occur. In the Number of occurrences by period field, enter a number. In the Post transactions field, select when the transactions should be posted, such as Monthly.



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Mokesh commented on June 03, 2024
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Aaron commented on February 08, 2023
thank you for providing me with the updated question and answers. this version has all the questions from the exam. i just saw them in my exam this morning. i passed my exam today.
SOUTH AFRICA
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Aaron commented on February 08, 2023
Thank you for providing me with the updated question and answers. This version has all the questions from the exam. I just saw them in my exam this morning. I passed my exam today.
SOUTH AFRICA
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INDIA
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