Exam overview

Microsoft MB-310 Exam Dumps

Vendor

Microsoft

Exam Code

MB-310

Actual Exam Duration

100 Minutes

TOTAL QUESTIONS

309

Exam Name

Microsoft Dynamics 365 Finance Functional Consultant

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$ 40

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Exam practice

Exam Q&A

Select an option, then click Show Answer.

Q1:
You have implemented Dynamics 365 finance. You must update the fiscal year to a 4-4-5 quarterly configuration. You need to configure the fiscal year. What should you do?

A: Configure the period length to 12 months and adjust the ending date of each period.

B: Set up the length of the period to 13 months.

C: Set up the length of the period to 1 year and divide the period according to the quarterly configuration.

D: Configure the period length to 1 year and adjust the ending date of each period.

Answer

Correct Answer: C

Q2:
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?

A: Yes

B: No

Answer

Correct Answer: B

Q3:
A company has implemented Dynamics 365 Finance. The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance. You need to configure the system to remit tax payments. What should you do?

A: Set up a customer record for the tax authority.

B: Associate the vendor record to the tax authority.

C: Associate the vendor record to The settlement period.

D: Set up the jurisdiction and associate the jurisdiction to the tax authority

Answer

Correct Answer: B

Q4:
You create a parent budget for the next fiscal year of a parent company. The parent company is configured as its own legal entity. Franchises are configured as separate legal entities. The parent company sets the budget for each franchise based on the past year’s performance. Ledger allocation rules, periods allocation keys, and budget allocation terms have not been created. Budget line items must be allocated to the budget for each franchise. You need to ensure the franchise budgets are allocated. What should you do?

A: Create budget allocation terms. Set the allocation method to allocate to dimensions.

B: Create ledger allocation rules. Set the allocation method to use ledger allocation rules

C: Set the allocation method to distribute.

D: Set the allocation method to aggregate.

E: Create period allocation keys. Set the allocation method to allocate across periods.

Answer

Correct Answer: A

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Exam overview

Microsoft MB-310 Exam Dumps

Purchase

$ 40

One-time payment • Instant access

Exam practice

Exam Q&A

Q1:
You have implemented Dynamics 365 finance. You must update the fiscal year to a 4-4-5 quarterly configuration. You need to configure the fiscal year. What should you do?

A: Configure the period length to 12 months and adjust the ending date of each period.

B: Set up the length of the period to 13 months.

C: Set up the length of the period to 1 year and divide the period according to the quarterly configuration.

D: Configure the period length to 1 year and adjust the ending date of each period.

A: Yes

B: No

Q3:
A company has implemented Dynamics 365 Finance. The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance. You need to configure the system to remit tax payments. What should you do?

A: Set up a customer record for the tax authority.

B: Associate the vendor record to the tax authority.

C: Associate the vendor record to The settlement period.

D: Set up the jurisdiction and associate the jurisdiction to the tax authority

A: Create budget allocation terms. Set the allocation method to allocate to dimensions.

B: Create ledger allocation rules. Set the allocation method to use ledger allocation rules

C: Set the allocation method to distribute.

D: Set the allocation method to aggregate.

E: Create period allocation keys. Set the allocation method to allocate across periods.

- Testimonials -

Real Results From Real Students

Frequently Asked Question (FAQ's)

Useful Links

Extra Links

Exam overview

Microsoft MB-310 Exam Dumps

Purchase

$ 40

One-time payment • Instant access

Exam practice

Exam Q&A

Q1: You have implemented Dynamics 365 finance. You must update the fiscal year to a 4-4-5 quarterly configuration. You need to configure the fiscal year. What should you do?

A: Configure the period length to 12 months and adjust the ending date of each period.

B: Set up the length of the period to 13 months.

C: Set up the length of the period to 1 year and divide the period according to the quarterly configuration.

D: Configure the period length to 1 year and adjust the ending date of each period.

A: Yes

B: No

Q3: A company has implemented Dynamics 365 Finance. The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance. You need to configure the system to remit tax payments. What should you do?

A: Set up a customer record for the tax authority.

B: Associate the vendor record to the tax authority.

C: Associate the vendor record to The settlement period.

D: Set up the jurisdiction and associate the jurisdiction to the tax authority

A: Create budget allocation terms. Set the allocation method to allocate to dimensions.

B: Create ledger allocation rules. Set the allocation method to use ledger allocation rules

C: Set the allocation method to distribute.

D: Set the allocation method to aggregate.

E: Create period allocation keys. Set the allocation method to allocate across periods.

- Testimonials -

Real Results From Real Students

Frequently Asked Question (FAQ's)

Q1:
You have implemented Dynamics 365 finance. You must update the fiscal year to a 4-4-5 quarterly configuration. You need to configure the fiscal year. What should you do?

Q3:
A company has implemented Dynamics 365 Finance. The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance. You need to configure the system to remit tax payments. What should you do?