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Free Microsoft MB-310 Exam Questions (page: 8)

Page 8 of 83
PDF with 408 Questions

You are a Dynamics 365 Finance consultant.

You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system.

You need to resolve the issue.

What should you configure?

  1. Financial reporting
  2. Financial insights workspace
  3. Electronic reporting
  4. Financial period close workspace

Answer(s): D


Reference:

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



You are a Dynamics 365 Finance consultant. You plan to configure the allocation base, cost behavior, and cost distribution.

Which three actions do these configurations accomplish? Each correct answer presents a complete solution.

Note: Each correct selection is worth one point.

  1. Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.
  2. Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.
  3. Spread the balance of the cost from one cost object to one or more other cost objects by applying a relevant allocation base.
  4. Control which journals can be used in the costing process.
  5. Classify costs according to their behavior in relation to changes in key business activities.

Answer(s): A,B,E


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting



You are a finance consultant. Your client needs you to configure cash flow forecasting.

The client wants specific percentages of main accounts to contribute to different cash flow forecasts for other main accounts.

You need to configure Dynamics 365 for Finance to meet the needs of the client.

What should you do?

  1. On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account.
  2. Configure the parent/child relationship for the main account and subaccounts by using appropriate percentages.
  3. Configure the cash flow forecasting setup for Accounts Payable before you configure vendor posting profiles.
  4. On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account.

Answer(s): D


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting



A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders.

You need to automatically calculate sales tax when the sales order is created.

Which three actions should you perform? Each correct answer presents part of the solution.

Note: Each correct selection is worth one point.

  1. Assign values to the sales tax codes and assign the sales tax codes to the sales tax group associated to the customer.
  2. Assign all sales tax codes to the item sales tax group associated to the item being sold.
  3. Set up a default item sales tax group on the item being sold and set up a default sales tax group on the customer used on the sales order.
  4. Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold.
  5. Set up a default sales tax code on the customer used on the sales order and set up a default item sales tax group on the item being sold.

Answer(s): A,B,C



A client wants Dynamics 365 Finance to calculate sales tax on a sales order line once an item is added. The sales tax group is already populated with a value.

You need to ensure that the sales tax will calculate.

Which field should you populate?

  1. sales tax code
  2. item group
  3. customer address
  4. item sales tax group

Answer(s): D


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview



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