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Table of Contents:
- Latest Microsoft Dynamics 365 for Finance and Operations MB-310 google drive
- Effective Microsoft Dynamics 365 for Finance and Operations MB-310 exam practice questions
- Related MB-310 Popular Exam resources
- leads4pass Year-round Discount Code
- What are the advantages of leads4pass?
Latest Microsoft Dynamics 365 for Finance and Operations MB-310 google drive
[PDF] Free Microsoft MB-310 pdf dumps download from Google Drive: https://drive.google.com/open?id=1qbQaK2Iy7wgb2m8OEK5XoeM_tl-E1vzM
Exam MB-310: Microsoft Dynamics 365 Finance：https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
Candidates for this exam are Functional Consultants who analyze business requirements and translate those requirements into fully-realized business processes and solutions that implement industry best practices. Candidates serve as a key resource in implementing and configuring applications to meet business requirements.
Candidates for this exam have a fundamental understanding of accounting principles and financial operations of businesses, customer service, field service, manufacturing, retail, and supply chain management concepts.
Candidates for this exam typically specialize in one or more feature sets of Microsoft Dynamics 365 Finance, including finance, manufacturing, and supply chain management.
Skills measured
- Set up and configure financial management (35-40%)
- Manage and apply common processes (20-25%)
- Implement and manage accounts payable and receivable (20-25%)
- Manage budgeting and fixed assets (15-20%)
Latest updates Microsoft Dynamics 365 for Finance and Operations MB-310 exam practice questions
QUESTION 1
A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the
commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.
You need to set up cost versions and prices to accomplish the manufacturer\\’s goal.
For which purpose should you use each costing type? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Correct Answer:
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-
versions
QUESTION 2
A company has delinquent customers.
You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:
Send communication to the customers detailing their past-due invoices.
Use the system to automatically calculate a late charge.
Create a group of customers for a collection agent to monitor.
View a list of customers with colored indicators of a customer\\’s payment status.
You need to associate the correct system functionality to manage delinquent customers based on these business
requirements.
Which functionality should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Correct Answer:
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/tasks/review-collections-information
A client confirms a sales order in Dynamics 365 for Finance and Operations. You are viewing the confirmed sales
order.
QUESTION 3
You must configure journal controls in Dynamics 365 for Finance and Operations.
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.
Hot Area:
Correct Answer:
QUESTION 4
A public sector organization wants to set up the derived financial hierarchy to analyze posted transaction data.
You need to set up the derived financial hierarchy to generate an outgoing electronic document.
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.
Select and Place:
Correct Answer:
QUESTION 5
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. Yes
B. No
Correct Answer: B
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
QUESTION 6
You are implementing a Dynamics 365 for Finance and Operations General ledger module for a client that has multiple
legal entities.
The client has the following requirements:
Post journal entries for all companies from one legal entity.
Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.
Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.
Set up fixed or variable allocations, and then review the allocations in a journal before posting.
Automatically post year-end results to account 30016 during year-end close.
You need to configure the system.
Which system capability should you configure? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Correct Answer:
QUESTION 7
You are setting up main accounts in Dynamics 365 for Finance and Operations.
You need to configure the main accounts to meet the requirements.
Which options should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Correct Answer:
QUESTION 8
An organization is setting up a cost accounting.
You need to set up fiscal calendars for Dynamics 365 for Finance and Operations.
What are three uses for fiscal calendars? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. standard work hours
B. financial transactions
C. fixed asset depreciation
D. budget cycles
E. shift work hours
Correct Answer: BCD
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal-years-periods
QUESTION 9
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.
You 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.
Select and Place:
Correct Answer:
References: http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
QUESTION 10
A client has Accounts payable invoices in their legal 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.
Select and Place:
Correct Answer:
QUESTION 11
A client uses Dynamics 365 for Finance and Operations for accounts receivable.
You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the
received electronic payment.
Which item should you set up as mandatory?
A. Select bank transaction type
B. Select payment reference
C. Select Payment ID
D. Select Deposit slip
Correct Answer: B
QUESTION 12
You need to set up a process of tracking, recording, and analyzing costs associated with the products or activities of a
nonmanufacturing organization.
You need to configure the prerequisite setup for the standard costing version for the current period.
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.
Select and Place:
Correct Answer:
QUESTION 13
A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 for Finance and Operations General ledger module.
Which three configurations must you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Configure the Fiscal year close parameters
B. Configure the ledger calendar for the new fiscal year
C. Configure the transfer balance
D. Validate the main account type
E. Create the next fiscal year
Correct Answer: ADE
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
Related MB-310 Popular Exam resources
| title | youtube | Microsoft | leads4pass | leads4pass Total Questions | |
|---|---|---|---|---|---|
| Microsoft Dynamics 365 for Finance and Operations | leads4pass MB-310 dumps pdf | leads4pass MB-310 youtube | MB-310 – Microsoft | https://www.leads4pass.com/mb-310.html | 62 Q&A |
| leads4pass MB-300 dumps pdf | leads4pass MB-300 youtube | Microsoft Dynamics 365: Core Finance and Operations | https://www.leads4pass.com/mb-300.html | 108 Q&A | |
| leads4pass MB-320 dumps pdf | leads4pass MB-320 youtube | Microsoft Dynamics 365 Supply Chain Management, Manufacturing | https://www.leads4pass.com/mb-320.html | 102 Q&A |
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