Free Microsoft Dynamics 365 for Finance and Operations Financials Exam MB-310 Exam Practice Test

You need to ensure Trey Research meets the compliance requirement.Which budget technology should you implement? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point

• budget codes
• the Excel budget template
• set-based budget processing
• budgeting workflows

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 manage a Dynamics 365 Finance implementation.You must provide the budget versus actual reporting in near real time.You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget.Solution: Configure an expense dimension set. Configure the set show amounts field value to per budget cycle.Does the solution meet the goal?

• Yes
• No

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.

• See explanation below

A company signs a four-year contract for an IT support project. The manager wants to know how the revenue amounts will be allocated across the four-year period. You need to implement a revenue schedule to determine the revenue amounts for each month. Which setup should you use?

• 4 years
• 4 months
• 60 months
• 48 months

You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers transaction for the sale of the machinery by using a free text invoice for fixed assets. Which transaction type should you use?

• Disposal
• Acquisition
• Value adjustments
• Depreciation

You need to configure the posting groups for Humongous insurance s subsidiary. Which ledger posting group field should you use?

• Sales tax receivable
• Use tax expense
• Use tax payable
• Sales tax payable
• Customer case discount

A company has many customers who are not paying invoices on time.You need to use the collection letter functionality to manage customer delinquencies.What are two possible ways to achieve the goal? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.D18912E1457D5D1DDCBD40AB3BF70D5D

• Cancel the collection letters after they are created and posted.
• Print all of the collection letters.
• Delete the collection letters after posting when an error occurs.
• Post the collection letters.

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 managementYou need to create the new budgets.Solution: Combine budgets from multiple legal entities to a master budget.Does the solution meet the goal?

• Yes
• No

You need to determine the cause of the issue that User1 reports.What are two possible causes for the issue? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

• The account structure is in draft status.
• The account structure has quotations for all dimensions.
• User1 s security is incorrectly set up.
• The account structure has an asterisk for all dimensions.
• The financial dimensions were created in the incorrect legal entity.

You need to view the results of Fourth Coffee Holding Company's consolidation.D18912E1457D5D1DDCBD40AB3BF70D5DWhich three places show the results of financial consolidation? Each correct answer presents a completesolution.NOTE: Each correct selection is worth one point.

• a financial report run against the company Fourth Coffee
• a trial balance in the Fourth Coffee Holding Company
• a trial balance in the company Fourth Coffee
• a financial report run against the Fourth Coffee Holding Company
• the consolidations form in Fourth Coffee Holding Company