[2024] Use Valid New MB-310 Test Notes & MB-310 Valid Exam Guide

MB-310 Actual Questions Answers PDF 100% Cover Real Exam Questions

The MB-310 exam is a comprehensive certification that equips individuals with the knowledge and skills required to become successful Dynamics 365 Finance Functional Consultants. Candidates who pass MB-310 exam will have a competitive edge in the job market, as they will have the knowledge and expertise to help organizations streamline their financial management and accounting processes.

Microsoft MB-310 certification exam is an excellent way for individuals to validate their knowledge and understanding of financial management concepts within Microsoft Dynamics 365 Finance. It is designed for individuals who want to specialize in financial management and want to demonstrate their expertise to potential employers. By passing MB-310 exam, candidates can increase their value in the job market and advance their careers in financial management.

 

NEW QUESTION # 50
You are configuring the Fixed assets module for a Dynamics 365 Finance environment.
You need to create a fixed asset.
Which two settings are required? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

• A. the group
• B. the number sequence
• C. the property type
• D. the type
• E. the name

Answer: A,E

Explanation:
Explanation
The type and number sequence are configured in the group so you don't need to enter those values.
Reference:
https://ellipsesolutions.com/dynamics-365-finance-operations-fixed-asset-acquisition-options/

NEW QUESTION # 51
You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities:
* CompanyA
* CompanyB
You need to configure intercompany accounting for both legal entities.
Which three actions should you perform in sequence? To answer, move the appropriate 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:

Explanation:

Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-accounting-setup

NEW QUESTION # 52
A client uses the standard trial balance in Dynamics 365 Finance.
The client has the following requirements:
* ability to run the trial balance by main account, department, and division
* ability to run the trial balance by just main account and department
You need to ensure that these options are visible in the trial balance report parameters.
What should you configure?

• A. account structure
• B. financial dimensions for department and division
• C. financial dimension sets
• D. ledger validation

Answer: C

Explanation:
Explanation/Reference:
Implement and manage accounts payable and receivable
Question Set 1

NEW QUESTION # 53
A client is implementing the Budgeting module in Dynamics 365 Finance.
You need to configure the correct budget control area to meet the client's requirements.
Track budgeting control on purchase requisitions.
Include unposted actual transactions in the calculation of the remaining budget for the period.
Allow specific individuals to post transactions that exceed the budget.
Specify main accounts that are subject to budget control, instead of selecting Main account as a dimension for budgeting.
What should you configure? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.

Answer:

Explanation:

Explanation

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

NEW QUESTION # 54
You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.

Answer:

Explanation:

NEW QUESTION # 55
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?

• A. No
• B. Yes

Answer: B

NEW QUESTION # 56
You manage customer credit and collections in a Dynamics 365 Finance implementation.
At the beginning of each month, you must send collection letters to customers whose payments are overdue.
You need to configure the collection letter functionality.
Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:

Explanation:

1 - Define the collection letter sequence.
2 - Link the collection letter sequence to a customer posting profile.
3 - Post the collection letter.
4 - Generate the collection letter.

NEW QUESTION # 57
You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,

Answer:

Explanation:

Explanation:

NEW QUESTION # 58
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning.
You need to invoke allocations at a specific budget planning stage.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:

Explanation:

1 - Create an allocation schedule on the Budget planning configuration page.
2 - Create a stage allocation on the Budget planning configuration page.
3 - Add an automated task for budget planning stage allocation at the desired workflow stage.
Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allocation

NEW QUESTION # 59
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.

Answer:

Explanation:

Explanation

NEW QUESTION # 60
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.

Answer:

Explanation:

Explanation:

NEW QUESTION # 61
A client has unique accounting needs that sometimes require posting definitions.
You need to implement posting definitions.
In which situation should you implement posting definitions?

• A. when creating multiple balanced ledger entries based on transaction types or accounts
• B. when only certain dimensions are allowed to post with certain mam account combinations
• C. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
• D. when financial dimensions need to default from the vendor record onto an invoice

Answer: C

NEW QUESTION # 62
You need to configure the system to meet the budget preparation requirements.
What should you do? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:

Explanation:

NEW QUESTION # 63
You work for a company that receives invoices in foreign currencies.
You need to configure the currency exchange rate provider and exchange rate types.
What should you do?

• A. Select the appropriate HTML key values from the available exchange rate providers. Then, use the provider for importing one currency exchange.
• B. Use a developer to write the HTML key values code to configure the currency exchange rate providers.
  Then, use the provider for importing a currency exchange rate type.
• C. Configure exchange rate provider, create exchange rate type, and import the currency exchange rates.
• D. Use a developer to write the XML key values code to configure the currency exchange rate providers.
  Then, use the provider for importing a currency exchange rate type.

Answer: C

Explanation:
Section: Topic 2, Manage and apply common processes
Explanation/Reference:
References:
https://community.dynamics.com/365/financeandoperations/b/365operationsbysandeepchaudhury/posts/ configure-currency-exchange-rate-providers-and-import-exchange-rates-automatically-in-dynamics-365-for- finance-and-operations

NEW QUESTION # 64
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.
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
You need to configure the year-end setup to meet the following requirements:
The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.
The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
All dimensions from profit and loss must carry over into the retained earnings.
All future and previous periods must have an On Hold status.
Solution:
Configure General ledger parameters.
- Set the Delete close of year transactions option to No.
- Set the Create closing transactions during transfer option to No.
- Set the Fiscal year status to permanently closed option to No.
Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions' option to Close All.
Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?

• A. No
• B. Yes

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

NEW QUESTION # 65
You are a controller for a public sector organization. You need detailed fiscal tracking and reporting.
You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund type may be used once, more than once, or not at all. You may need to dreg the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.

Answer:

Explanation:

NEW QUESTION # 66
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:

Explanation:

NEW QUESTION # 67
A company uses Dynamics 365 Finance to manage fixed assets. The company's fiscal year is set as the calendar year.
The company requires two books for each fixed asset. The company has the following requirements for the books:

You need to configure a fixed asset group book setup to meet the requirements.
Which depreciation conventions and depreciation profiles should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:

Explanation:

Explanation:

NEW QUESTION # 68
You are the purchase manager of an organization. You purchase a laptop for your office for $2,000. You plan to create a purchase order and acquire the new fixed asset through the purchase order at time of invoicing.
You set up the system as follows: Fixed assets are automatically created during product receipt or vendor invoice posting and the capitalization threshold for the computers group (COMP) is set to $1,600.
You need to automatically create a fixed asset record when you post an acquisition transaction for the asset after you post the invoice.
How should you configure the fixed asset parameters to meet the criteria? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.

Answer:

Explanation:

Explanation

NEW QUESTION # 69
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 for Finance and Operations. All companies and data reside in Finance and Operations.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate with import.
Does the solution meet the goal?

• A. No
• B. Yes

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview
Topic 1, Fourth Coffee Case Study
Case study
This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.
To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.
At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section.
To start the case study
To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question.
Background
Fourth Coffee is a coffee and supplies manufacturer based in Seattle. The company recently purchased CompanyA, based in the United States, and CompanyB, based in Canada, in order to increase production of their award-winning espresso machine and distribution of their dark roast coffee beans, respectively.
Fourth Coffee has set up CompanyA and CompanyB in their Dynamics 365 Finance environment to gain better visibility into the companies' profitability. CompanyA and CompanyB will continue to operate as subsidiaries of Fourth Coffee, but all operational companies will be consolidated under Fourth Coffee Holding Company in US dollars (USD) for reporting purposes.
The current organizational chart is shown below:

Current environment
Systemwide setup
* Dynamics 365 Finance in Microsoft Azure is used to manage the supply chain, retail, and financials.
* All companies share a Chart of Accounts.
* Two dimensions are used: Department and Division.
* Budgeting is controlled at the department level.
* Customers and vendors are defined as two groups: Domestic and International.
* Mandatory credit check is set to No.
* Consolidate online is used for the consolidation of all companies.
* International main accounts are subject to foreign currency revaluation.
* The purchasing budget is used to enforce purchasing limits.
General ledger accounts

Fourth Coffee
* The base currency is USD.
* Three item groups are used: coffee, supplies, and nonstock.
* The standard sales tax method is used.
* Acquiring fixed assets requires a purchase order.
* All customer payment journals require a deposit slip.
* CustomerX is a taxable company.
* CustomerY is a tax-exempt company.
* CustomerZ is a taxable company.
* VendorA is a Colombian supplier of coffee beans and belongs to the international vendor group.
* VendorB is a Peruvian supplier of coffee machine filters and belongs to the international vendor group.
* VendorC is a Texas supplier of espresso valves and belongs to the domestic vendor group.
CompanyA
* The base currency is USD.
* It consists of a marketing department and a digital division.
* A 4-5-4 calendar structure is used.
* The standard sales tax method is used.
CompanyB
* The base currency is CAD.
* The conditional sales tax method is used.
Requirements
Reporting
* A consolidated Fourth Coffee financial report is required in USD currency.
* Fourth Coffee and its subsidiaries need to be able to report sales by item type.
* Year-end adjustments need to be reported separately in a different period to view financial reporting inclusive and exclusive of year-end adjustments.
Issues
* User1 observes that a General journal was used in error to post to the Domestic Accounts Receivable trade account.
* User2 has to repeatedly reclassify vendor invoice journals in Fourth Coffee Company that are posted to the marketing department and digital division.
* When User3 posts an Accounts receivable payment journal, a deposit slip is not generated.
* User4 observes an increase in procurement department expenses for supplies.
* User5 observes that sales tax is not calculating on a sales order for CustomerZ.
* User6 observes that sales tax is calculating for CustomerY.
* User7 observes that the sales tax payment report is excluding posted invoice transactions.
* User8 in CompanyA attempts to set up the sales tax receivable account on the sales tax posting form.
* User9 in CompanyA needs to purchase three tablets by using a purchase order and record the devices as fixed assets.
* CustomerX requires a credit check when making a purchase and is currently at their credit limit.

NEW QUESTION # 70
Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future.
You need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.
What should you do?

• A. Use journal control to specify which account types are valid for the General ledger journal.
• B. Configure the voucher series associated with this journal to allow only ledger account types.
• C. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
• D. Create a journal template that has ledger as the account type and offset account type.

Answer: C

Explanation:
Section: Topic 2, Manage and apply common processes

NEW QUESTION # 71
A company is implementing Dynamics 365 Finance.
The company needs the ability to handle deferring revenue, reallocations, revenue schedules, and milestone-based recognition.
You need to configure the functionality.
What should you do? To answer, drag the appropriate functionality to the correct requirement. Each functionality 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:

NEW QUESTION # 72
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning.
You need to invoke allocations at a specific budget planning stage.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.

Answer:

Explanation:

Explanation:

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allo

NEW QUESTION # 73
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.

Answer:

Explanation:
See explanation below.
* Navigate to Tax > Declarations > Report sales tax for settlement period.
* Enter the 'From' date.
* Select the settlement period (Quarter).
* Click 'OK'.
* Select Yes in the Create electronic tax document field.
* Select the Downloads\Report
* Click 'OK'.

NEW QUESTION # 74
You manage fixed assets in Dynamics 365 Finance.
You have the following requirements:
Purchase a fixed asset on a purchase order by using a procurement category.
Purchase a fixed asset on a purchase order by using an item number.
Post specific tax transactions for fixed assets by using a journal.
You need to associate process in the system with the corresponding business requirement.
Which actions should you perform? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.

Answer:

Explanation:

Reference:
https://www.loganconsulting.com/blog/fixed-asset-determination-rules-in-d365-for-finance-and-operations/

NEW QUESTION # 75
......

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