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Microsoft MB-310 Exam Prep
Microsoft Dynamics 365 Finance Functional Consultant (Page 7 )

Updated On: 15-Oct-2026
Page 7 of 83
PDF with 447 Questions

SIMULATION

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 section for answer.

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:

1. Go to Navigation pane > Modules > General ledger > Journal setup > Accrual schemes.
2. Select New.
3. In the Accrual identification field, type a value.
4. In the Description of accrual scheme field, type a value.
5. 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.
6. 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.
7. In the Voucher field, select how you want the voucher determined when the transactions are posted.
8. In the Description field, type a value to describe the transactions that will be posted.
9. In the Period frequency field, select how often the transactions should occur.
10. In the Number of occurrences by period field, enter a number.
11. In the Post transactions field, select when the transactions should be posted, such as Monthly.


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/create-accrual-schemes



SIMULATION

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

USMF plans to implement a new manufacturing department that will be based in Australia.

You need to create a draft account structure for the new department. The account structure must use the same account structure as a department named Manufacturing India and be named Manufacturing Australia.

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

  1. See Explanation section for answer.

Answer(s): A

Explanation:

You need to create an account structure with the same structure as the department named Manufacturing India by using the following instructions.

1. Go to Navigation pane > Modules > General ledger > Chart of accounts > Structures > Configure account structures.
2. On the Action pane, click New to open the drop dialog.
3. In the Account structure field, type a name to describe the purpose of the account structure.
4. In the Description field, type a description to specify the purpose of the account structure.
5. Click Create.
6. In the Segments and allowed values, click Add segment.
7. In the dimensions list, select the dimension to add to the account structure.
8. At the end of the list, click Add segment.
9. Repeat step 6 to 9 as needed.
10. In the Allowed value details section, select the segment to edit the allowed values. For example, click the Main Account field.
11. In the Operator field, select an option, such as is between and includes.
12. In the Value field, type a value. For example, 600000.
13. In the through field, type a value. For example, 699999.
14. In the Allowed value details section, click Apply.
15. Repeat step 10 to 15 as needed.
16. In the Allowed value details section, click Add new criteria.
17. In the Operator field, select an option, such as is between and includes.
18. In the Value field, type a value. For example, 033.
19. In the through field, type a value. For example, 034.
20. Click Apply.
21. In the grid, select the segment to edit the allowed values. For example, Cost Center.
22. In the CostCenter field, type a value. For example, 007..021.
23. In the Segments and allowed values, click Add.
24. In the MainAccount field, type a value. For example, 600000..699999
25. In the grid, select the segment to edit the allowed values. For example, Department.
26. In the Department field, type a value. For example, 032.
27. In the CostCenter field, type a value. For example, 086.
28. On the Action pane, click Validate.


Reference:

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



SIMULATION

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

You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne.

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

  1. See Explanation section for answer.

Answer(s): A

Explanation:

1. Navigate to System administration > Security > Assign users to roles
2. Select the `Accountant Closing' role.
3. Click the "Manually assign / exclude users" button
4. Select the Theresa Jayne user account and click the "Assign to role" button.
5. Click the "Assign organizations" button
6. Select the "Grant access to specific organizations" option
7. Select the USMF legal entity and click the "Grant" button.


Reference:

https://www.dynamics-tips.com/system-administration/security-roles



SIMULATION

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

You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder.

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

  1. See Explanation section for answer.

Answer(s): A

Explanation:

1. Navigate to Tax > Declarations > Report sales tax for settlement period.
2. Enter the `From' date.
3. Select the settlement period (Quarter).
4. Click `OK'.
5. Select Yes in the Create electronic tax document field.
6. Select the Downloads\Report folder and file format.
7. Click `OK'.



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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