MB-310 Dumps MB-310 Braindumps MB-310 Real Questions MB-310 Practice Test MB-310 Actual Questions Microsoft MB-310 Microsoft Dynamics 365 for Finance and Operations, Financials (2023) https://killexams.com/pass4sure/exam-detail/MB-310 Question: 397 HOTSPOT A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point. Answer: Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-accounting/terms-costaccounting Question: 398 A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements: – Distribute overhead utility expense to each department. – Define how and in what proportion the source amounts must be distributed on various destination lines. You need to configure the allocation rule. Which allocation method should you use? Fixed percentage Fixed weight Equally Basis Answer: D Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/ledgerallocation-rules Question: 399 HOTSPOT 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. Answer: Question: 400 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 Answer: ADE Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close Question: 401 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 financial dimensions need to default from the main account onto an invoice B . when using encumbrance accounting for purchase orders C . when the system needs to automatically post a transaction to the accounts receivable account on invoice posting D . when creating one offset ledger entry based on transaction type Answer: B Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/postingdefinitions Question: 402 Note: This question is part of a series of questions that present the same scenario. Each questionin the series contains a unique solution that might meet the stated goals. Some question setsmight 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, thesequestions 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 Yes. – Set the Create closing transactions during transfer option to Yes. – Set the Fiscal year status to permanently closed option to Yes. * 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 Yes. – 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 Answer: B Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close Question: 403 Note: This question is part of a series of questions that present the same scenario. Each questionin the series contains a unique solution that might meet the stated goals. Some question setsmight 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, thesequestions 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 Answer: B Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close Question: 404 Note: This question is part of a series of questions that present the same scenario. Each questionin the series contains a unique solution that might meet the stated goals. Some question setsmight 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, thesequestions 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 online in Finance and Operations. Include eliminations during the process or as a proposal. Set up the transactions to post in the legal entity configured for consolidations. Does the solution meet the goal? A . Yes B . No Answer: A Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidationelimination- overview Question: 405 You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements. You need to import electronic bank statements to reconcile the bank accounts. Which three actions can you perform? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A . Select all the bank accounts for the bank statement files, and then upload all files B . Select Account reconciliation on the bank account form C . Import bank statements from the Data management workspace D . Navigate to Import statement on the Bank Statements page of Cash and Bank Management E . Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file Answer: BDE Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/ reconcile-bank- statements-advanced-bank-reconciliation Question: 406 HOTSPOT A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab. 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: Question: 407 A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee’s pay. Transactions for new employees must be recognized in the general ledger based upon the employee’s first pay date. You need to configure accrual schemes for the new fiscal year. Which two configurations should you use? (Choose two). Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A . For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year. B . For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date. C . For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date. D . For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year. Answer: BD Question: 408 DRAG DROP 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. Answer: Explanation: References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/ prerequisites- standard-costs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