Verified MB-310 Exam Dumps (V22.02) Will Give You An Edge: Read MB-310 Free Dumps (Part 3, Q81-Q120) Today

1. You need to ensure the promotional gifts are posted to the correct account.

What should you use?

2. You need to set up financial reports to meet management requirements.

What should you do? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

3. DRAG DROP

You need to configure the system to for existing purchasing contracts.

Which commitment types should you use? To answer, drag the appropriate commitment types to the correct requirements. Each commitment type 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.

4. HOTSPOT

You need to ensure accounting entries are transferred from subledgers to general ledgers.

How should you configure the batch transfer rule? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

5. 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 LegalEntity A transacts with LegalEntityB.

• Automatically split the dollar amount in half between Dimension A and Dimension B 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.

6. A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting.

Which set of actions must you perform?

7. 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.

8. You need to recommend a solution to prevent User3's issue from recurring.

What should you recommend?

9. HOTSPOT

You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight invoice to be paid to the vendor and record the expense in main account 600120 - Freight In.

10. A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 for Finance and Operations for cash settlements.

What should you do?

11. DRAG DROP

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.

12. DRAG DROP

You need to create Trey Research s bank accounts.

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.

13. HOTSPOT

You Create a financial dimension set named MA + DEPT+PROJ as shown in the following screenshot.

The financial dimension set include the following dimensions:

• Main Account

• Department

• Project

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.

14. HOTSPOT

You need to configure the cash flow management reports.

How should you configure cash flow management? To answer, select the appropriate options m the answer area. NOTE: Each correct selection is worth one point.

15. You are configuring budgeting components in Dynamics 365 for Finance and Operations.

You need to configure multiple budgets.

What are three budgeting options you can use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

16. 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 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?

17. A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor.

The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.

You need to configure the system in the most efficient manner to achieve these requirements.

What should you do?

18. You need to configure budget planning for Alpine Ski House Corporate.

Which two components should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

19. HOTSPOT

You need to resolve the issue related to monthly lease expenses.

How should you configure asset leasing? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

20. Topic 5, First Up Consultants

Overview

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 m 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, dick 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 AM 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

First Up Consultants is a global finance and accounting company.

Financial needs at organizations ate constantly changing. When global companies become too large, it becomes too difficult for them to scale to meet then global operational needs. First Up Consultants provides "Finance as a Service' capabilities.

Some large corporations complement their existing finance staff by engaging select services of First Up Consultants. Other large corporations outsource then entire finance operation to First Up Consultants.

First Up Consultants has hundreds of customers at any time. One such customer, humongous Insurance, is updating Its Dynamics Finance 365 implementation Another customer, Trey Research, is setting up its first Dynamics 365 Finance implementation.

Ledger

Humongous Insurance is a US-based company and operates its fiscal year from January 1 to December M. Humongous insurance reports across an its subsidiaries in consolidated financial reports. Trey Research is a Canadian-based company that operates its fiscal year from April 1 to March 31. Humongous Insurance employees receive an annual cost of living increase.

Requirements

• One of Humongous Insurance's companies provides insurance to government clients and must separate that particular company into its owm subsidiary.

• The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31. - Transitions must be posted in the business of record.

• Humongous insurance s subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.

• Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.

Taxes

• As part of the spinoff to a subsidiary, Humongous Insurance s subsidiaries taxes must be changed from US government rates to Chinese government rates.

• Humongous Insurance's subsidiary must track use taxes that are not claimed or reported to the Chinese tax agency.

Fiscal calendars

You must create three new fiscal calendars

• A fiscal calendar named FebJan that runs from Feb 1 to Jan 31.

• A fiscal calendar named AprMar that runs from April 1 to March 31.

• A fiscal calendar named JanDec that runs from January 1 to December 31.

Accounts

• Trey Research most track bank account balances and transactions for each province in which it operates.

• The bank statement must be sent to the physical address of the home office.

Promotion

• Humongous insurance s subsidiary plans to celebrate its new subsidiary status by sending out free gifts to existing policy based on the Tier of their policy.

• Promotional Items are ordered for distribution and once received must be Tracked within Dynamics 365 Finance.

Reporting

• The CEO of Humongous Insurance needs to view the insurance products that customers plan to purchase. The report must show all transactions made over the last two years.

• The corporate vice president of Humongous Insurance s subsidiary needs to view the forecasted cash impact of specific products purchased. The report must show only new transactions.

Expenses

Expenses must be pain using the following requirements:

Credit card processing

• Humongous Insurance requires all credit card transactions to include line-item details.

• Humongous Insurance's subsidiary requires the shipping address merchant address, and lax information but cannot include any order line details.

• Trey Research requires all credit card transactions include transaction date, transaction amount, description, and line-item details.

Compliance and compensation

• Trey Research must be able to audit any modifications to its budget

• Humongow Insurance employees must receive raises tour times pet budget cycle.

You need to reconfigure the taxing jurisdiction for Humongous insurance's subsidiary.

What should you do?

21. You need to determine why Customer X is unable to confirm another sales order.

What are two possible reasons? Each answer is a complete solution. NOTE: Each correct selection is worth one point.

22. 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.

23. You need to configure settings to resolve User8’s issue.

What should you select?

24. HOTSPOT

You need to configure credit card processing for all three companies.

Which option should you use? To answer, select the appropriate options in the answer area NOTE: Each correct selection is worth one point.

25. HOTSPOT

You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are vie wing the Accounts payable parameter for Invoice validation.

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.

26. HOTSPOT

You are setting up a budget plan to accurately portray the projected budget for a company.

You need to select the appropriate allocation method for data distribution.

Which allocation methods should you use? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point.

27. HOTSPOT

You need to prevent prohibited expenses from posting.

Which configurations should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

28. DRAG DROP

You are a Dynamics 365 Finance and Operations functional consultant A legal entity processes and settles vendor payments: on behalf of other legal entities in an organization.

You need to configure the centralized payment flow for the legal entity.

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.

29. You need to identify the posting issue with sales order 1234.

What should you do?

30. DRAG DROP

You need to select the functionality to meet the requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used 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.

31. HOTSPOT

A company is using vendors to produce components for its products.

Journal types are not configured to support vendor invoices-

You need to identify and configure journals to use for vendor invoices.

Which journal types should you use? To answer, select the appropriate options in the answer area, NOTE: Each correct selection is worth one point.

32. DRAG DROP

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.

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.

33. HOTSPOT

You need to identify why the sales orders where sent to customers.

Which configuration allowed the sales orders to be sent? To answer, select the appropriate configuration in the answer area. NOTE: Each correct select is worth one point.

34. DRAG DROP

You need to configure revenue recognition to meet the requirements.

Which configuration should you use? To answer, drag the appropriate configurations to the correct requirements. Each configuration may be used once, more than 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

35. You need in BUI that captured employee mobile receipts automatic ally match the transactions to resolve the User1 issue.

Which feature should you enable?

36. 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?

37. You need to configure the posting groups for Humongous insurance s subsidiary.

Which ledger posting group field should you use?

38. An organization is setting up 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.

39. 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?

40. DRAG DROP

You need to setup 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.