Updated Microsoft MB-310 Dumps (V23.02) with 345 Q&As: Check the MB-310 Free Dumps (Part 1, Q1-Q40) First

1. 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.

2. HOTSPOT

You need to prevent a reoccurrence of User2’s issue.

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

3. HOTSPOT

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.

4. You are configuring intercompany accounting for a multicompany enterprise. You need to set up: the Due to and Due from accounts.

Which main account type should you use?

5. DRAG DROP

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.

6. HOTSPOT

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.

7. 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.

8. You are configuring the Accounts payable module for a company.

The company needs to set a limit on the charges they will pay for specific items.

You need to set up the limit for charges.

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

9. 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.

10. HOTSPOT

You need to validate the sales tax postings for Tennessee and Alabama.

Which tax selections meet the requirement? To answer. select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

11. HOTSPOT

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 charges,

• 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.

12. You need to correct the sales tax setup to resolve User5's issue.

Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

13. 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.

14. You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor.

Which tasks can this vendor perform?

15. 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?

16. 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.

17. You need to prevent the issue from reoccurring for User5.

What should you do?

18. DRAG DROP

You need to process expense allocations.

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

19. 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. Setup the transactions to post in the legal entity configured for consolidations.

Does the solution meet the goal?

20. 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.

21. 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.

22. 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? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

23. You need to configure the system to resolve User8's issue.

What should you select?

24. A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your client requires the ability to plan for a one-year, three-year, and five-year budget. You need to configure the various year length options to be used in the budgeting module.

What should you do?

25. HOTSPOT

You need to configure expense management tor Humongous Insurance and its subsidiary.

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

26. 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?

27. 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.

28. 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.

29. 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.

30. 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

31. You need to address the employees issue regarding expense report policy violations.

Which parameter should you use?

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

Which ledger posting group field should you use?

33. HOTSPOT

You need to configure the expense module for reimbursement.

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

34. 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-pie Budget module in Dynamics 365 for Finance and Operations for budget management

You need to create the new budgets.

Solution: Create budget plans to define the revenues for a budget.

Does the solution meet the goal?

35. You need to view the results of Fourth Coffee Holding Company's consolidation.

Which three places show the results of financial consolidation? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

36. Topic 4, Adtum Corp.

Case Study

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 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.

Travel and expense

The company is currently In Phase 2 of their Dynamics 365 finance Implementation.

• Consultants submit all travel receipts by using inter-office mail to the team admin for processing, but first Up Consultants wants to modernise this experience.

• Expense reports are manually approved and signed by the employee's manager.

Finance

• First Up Consultants operates on a 4-5-4 calendar.

• Accounting, for revenue has been difficult with the SaaS offerings. This has led to implementing Dynamics 365 Finance Revenue recognition.

• Revenue recognition has been live for J months.

• Adatum Corporation pays Quarterly for use of the First Up Consultants web design

application, starting from the day of use

• Fourth Coffee pays monthly for use of the First Up Consultants photograph editing application, with a contract starting August I and payment starting September I.

• Adventure Works Cycles pays per use of the First Up Consultant video platform.

• A blocking rule is set up to prevent a sales order from processing if a customer exceeds a credit limit. - Customer credit is set up at the account level for VanArsdel, Ltd.

• Tailspin Toys is owned by Wingtip Toys. The companies have a credit limit of S60.000 and $100,000, respectively.

Tax

VAT tax recovery is required for eligible international business trip expenses. Bank reconciliation is manual and performed by using monthly mailed account statements.

The company collects vales taxes from the following states:

Requirements

Travel and expense

• First Up Consultants requires that employees start using corporate cards for all travel expenses.

• All expenses over the require a receipt.

• Beer cannot be expensed

• Employees may use the corporate card for personal expenses during work travel, but expenses must be categories correctly.

• Client entertainment expenses totaling more than $250 must be audited.

• Employees require a mobile expense experience

• Expense report entries must be validated when a transaction Iine is entered.

• Employees require the ability to capture receipt* by using a mobile device.

• First Up Consultants requires the ability to reimburse employees in their paychecks for expenses incurred on personal cards.

Financial

• A virtual thirteenth month is required for year-end transactions.

• Each day. a validation file must go to First Up Consultants" bank detailing all vendor checks paid.

• Except fees, all matched transactions must clear automatically during bank reconciliation.

• The accounts payable team must verify expense reports prior to posting.

• Only payables are allowed to be posted to a poor period up to seven days into the new period

Issues

• User1 Installed the expense Management Service add-in and implemented the auto-match and create expense from receipt features, but the receipt images do not match the corporate card transactions

• Employee 1 submits an expense report for a business trip to Europe, but the report is not visible on the expense tax recovery page.

• Employees prowled feedback that the system lets them know of an expense report policy violation only after the entire expense report is submitted.

• Members of the finance department observe sales orders that posted into a closed period.

• The finance team observed that for sales order invoice 1234. the price incorrectly posts to a revenue account when it should be deferring.

• Fmployee2 purchased supplies for a holiday patty and needs to be reimbursed

• A customer orders software licenses for the offices in Tennessee and Alabama

• Expense reports for unapproved items are posting.

• VanArsdel. Ltd. exceeded its credit limit but the sales order was processed.

• Tailspin Toys purchase $70,000 in custom software development

You need to configure the system to meet the fiscal year requirements.

What should you do?

37. 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.

38. 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: Create a separate company in which you manually create the eliminations. Then, use that company in Financial reporting or in the consolidation process.

Does the solution meet the goal?

39. DRAG DROP

You need to configure ledger allocations to meet the requirements.

What should you configure? To answer, drag the appropriate setups to the correct requirements. Each setup 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.

40. Topic 3, Alpine Ski House

Case study

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 . How ever, 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 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 button to return to the question.

Background

Alpine Ski House has three partially owned franchises and 10 fully owned resorts throughout the United States and Canada. Alpine Ski House's percentage ownership of the franchises is between two and 10 percent.

Alpine Ski House is undergoing an implementation of Dynamics 365 Finance and Dynamics 365 Supply Chain Management to transform their financial management and logistics capabilities across the franchises.

Implementation is complete for Alpine Ski House's corporate offices, two US franchises, and one Canadian franchise. The remaining franchises are in varying stages of the implementation. Two new resort projects are in the budget planning stages and will open in the next fiscal year. Current environment

Organization and general ledger

* Each franchise is set up as a legal entity in Dynamics 365 Finance.

* Alpine Ski House Corporate uses financial dimensions for their fully owned resorts.

* Each resort is a financial dimension named resort.

* Each fully owned resort has two divisions: marketing and operations.

* Only Profit and Loss account postings require the division dimension.

* Corporate handles the advertising and administration of the fully owned resorts.

* Corporate uses Dynamics 365 Project Management and Accounting to manage construction of new resorts.

Budgeting

* Organizational budgeting is decentralized but rolls up to one organizational corporate budget.

* Each resort manager performs budgeting in Dynamics 365 Finance.

* Budget preparation begins this month. All operational resorts will submit their budgets in two weeks.

Sales and tax

* Sales tax is configured and used by all resorts that operate in the United States.

* You configure one US sales tax vendor account and assign the vendor account to the settlement periods for reporting.

* You use accounts receivable charges to track donations.

Existing purchasing contracts

* Each franchise resort has an individual contract with a local supplier of their choosing to purchase at least $10,000 worth of suppliers during the calendar year.

* The franchise resorts in one US state receive a two percent discount on meat and vegetable purchases in excess of $8,000 per year.

* A franchise resort in Utah has agreed to purchase 1,000 units of beef at market price from a local supplier.

* Alpine Ski House uses a vendor collaboration portal to track purchase orders and requests for quotes.

* Vendors request access to the vendor collaboration portal by using a workflow which runs on a nightly schedule.

Intercompany setup

Vendor123 resides in US franchise Company1 and is set up for intercompany transactions. Customer345 resides in Canada franchise Company1 and is set up for intercompany transactions.

Requirements

Franchises

* Each franchise must pay two percent of monthly sales to Alpine Ski House Corporate.

* Each franchise must report their own financials to Alpine Ski House Corporate monthly.

* US franchises require a three-way-match on all purchases, with a 1-percent price tolerance.

* Canadian franchises require a three-way-match on all purchases except paper products, which have a 10-percent price tolerance.

Corporate

* Advertising costs must be balanced across the 10 resorts monthly. These costs must be split across the 12 resorts once construction of the final two resorts is completed.

* Administration costs must be split across the 10 resorts proportional to the amount of sales generated.

* One percent of all pack and individual ski pass sales must be donated quarterly to an environmental protection organization.

* The finance department must be able to see purchasing contracts and discounts for vendors based on volume spend.

Employees

All employee expense reports that contain the word must be reviewed for the audit purposes. If a journal is posted incorrectly, the entire journal and not just the incorrect line must be fully reversed for audit purposes.

Resorts

All resorts must use Dynamics 365 Finance for budgeting and must first be approved by the regional manager.

Purchased fixed assets must automatically be acquired at product receipt.

Issues

* User1 reports that irrelevant dimensions display in the drop down when entering a General journal.

* User2 reports that dimension 00 is being used for all balance sheet accounts.

* User3 tries to generate the quarterly sales tax liability payment for a specific state but does not see any payables available for that state's vendor.

* User4 receives a call from a vendor who cannot access the vendor collaboration portal but needs immediate access.

* User5 notices a large amount of entertainment expenses being posted without an audit review.

* User6 needs to have visibility into the increase in budget that is necessary to staff the two new resorts opening next year.

* User7 needs to use Dynamics 365 Finance for situational budgeting planning with the ability to increase and decrease the existing plans by certain percentages.

* User8 made a mistake while posting a 1,000-line journal and reverses the entire journal but cannot find the lines that included errors during the reversal.

* User9 made a mistake while posting a 55-line journal and reverses the entire journal.

* User10 realizes that the purchase of five new computers did not acquire five new fixed assets upon receipt.

The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are purchased totaling USD1,000.

When the purchase invoice is prepared, USD10,000 is keyed in by mistake.

Which configuration determines the result for this intercompany trade scenario?