D365FO MB-310 ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
A company is preparing to complete a year-end process. A, D, E
You need to configure the D365FO General Ledger
module.
Which three configurations must you see?
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
A client has unique accounting needs that sometimes B
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 the system needs to automatically post a
transaction to the accounts receivable account on
invoice posting
c. When creating one offset ledger entry based on
transaction type
When only certain dimensions are allowed to post with
certain main account combinations
,An organisation is setting up cost accounting. You need B, C, D
to set up fiscal calendars for D365FO.
What are three uses for fiscal calendars?
a. Standard work hours
b. Financial transactions
c. Fixed asset depreciation
d. Budget Cycles
e. Shift work hours
You are configuring automatic bank reconciliation B, D, E
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?
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
A company plans to create a new allocation rule for Basis
electric utilities expenses. The allocation rule must meet
the following requirements:
Distribute overhead utility expenses 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?
a. Fixed percentage
b. Fixed weight
c. Equally
d. Basis
,You want a summarized chart of accounts in the A, C
Consolidation company. Many accounts from Subsidiary
companies combine into single summarized accounts
within this Consolidation company.
Which two items do you need to set up?
a. Additional consolidation accounts
b. Closing sheet
c. Consolidation account groups
d. Elimination rules
A company provides employee life insurance to all full- C, D
time employees. Employee life insurance policies are
paid twice a year to the insurance company. Transactions
for current employees must be recognised in the general
ledger twice a month with an employees pay.
Transactions for new employees must be recognised 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?
a. For new employees, use a Credit accrual scheme. In
the ledger accrual, set the offset to the first pay date 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.
An organisation uses D365FO. Several posted journal A
entries contain invalid main account and dimension
combinations. This leads to incorrect financial reporting.
You need to prevent these invalid combinations.
What should you do?
a. Configure the account structure to specify which
financial dimensions are valid for which main accounts.
b. Train users to select the Validate button in the current
journal configuration so that the correct account and
dimension combination is used.
c. Configure financial dimension sets to limit which
financial dimensions are valid for which main accounts.
d. Associate the correct main account to that financial
dimension on the financial dimension setup form.
, A legal entity has locations and customers in multiple A, C, E
states within the USA. You need to ensure that taxable
customers are charged sales tax for taxable items in their
delivery location.
Which three settings must you configure?
a. The Sales tax group on the Customer record
b. The Terms of delivery setup
c. The Item Sales tax group on the Item record
d. The Sales reporting codes
e. The Sales tax codes
You are configuring D365FO. You need to implement A
posting definitions for all variable transaction types.
For which type of transactions can you implement
posting definitions?
a. Accounts payable, Accounts receivable, Bank, Budget,
Payroll, Purchasing
b. Accounts payable, Bank, Budget, Fixed assets, Payroll,
Purchasing
c. Accounts payable, Accounts receivable, Fixed assets,
Payroll, Purchasing
d. Accounts payable, Accounts receivable, Budget, Fixed
assets
A public sector company is configuring encumbrance for D
managing capital budgets. The finance department needs
to configure posting definitions for bank transactions. You
need to configure D365FO for cash settlements.
What should you do?
a. Configure combined deposit amounts
b. Configure budget appropriations
c. Configure general ledger year-end close
d. Configure advanced ledger entries
A company is preparing to complete a year-end process. A, D, E
You need to configure the D365FO General Ledger
module.
Which three configurations must you see?
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
A client has unique accounting needs that sometimes B
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 the system needs to automatically post a
transaction to the accounts receivable account on
invoice posting
c. When creating one offset ledger entry based on
transaction type
When only certain dimensions are allowed to post with
certain main account combinations
,An organisation is setting up cost accounting. You need B, C, D
to set up fiscal calendars for D365FO.
What are three uses for fiscal calendars?
a. Standard work hours
b. Financial transactions
c. Fixed asset depreciation
d. Budget Cycles
e. Shift work hours
You are configuring automatic bank reconciliation B, D, E
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?
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
A company plans to create a new allocation rule for Basis
electric utilities expenses. The allocation rule must meet
the following requirements:
Distribute overhead utility expenses 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?
a. Fixed percentage
b. Fixed weight
c. Equally
d. Basis
,You want a summarized chart of accounts in the A, C
Consolidation company. Many accounts from Subsidiary
companies combine into single summarized accounts
within this Consolidation company.
Which two items do you need to set up?
a. Additional consolidation accounts
b. Closing sheet
c. Consolidation account groups
d. Elimination rules
A company provides employee life insurance to all full- C, D
time employees. Employee life insurance policies are
paid twice a year to the insurance company. Transactions
for current employees must be recognised in the general
ledger twice a month with an employees pay.
Transactions for new employees must be recognised 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?
a. For new employees, use a Credit accrual scheme. In
the ledger accrual, set the offset to the first pay date 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.
An organisation uses D365FO. Several posted journal A
entries contain invalid main account and dimension
combinations. This leads to incorrect financial reporting.
You need to prevent these invalid combinations.
What should you do?
a. Configure the account structure to specify which
financial dimensions are valid for which main accounts.
b. Train users to select the Validate button in the current
journal configuration so that the correct account and
dimension combination is used.
c. Configure financial dimension sets to limit which
financial dimensions are valid for which main accounts.
d. Associate the correct main account to that financial
dimension on the financial dimension setup form.
, A legal entity has locations and customers in multiple A, C, E
states within the USA. You need to ensure that taxable
customers are charged sales tax for taxable items in their
delivery location.
Which three settings must you configure?
a. The Sales tax group on the Customer record
b. The Terms of delivery setup
c. The Item Sales tax group on the Item record
d. The Sales reporting codes
e. The Sales tax codes
You are configuring D365FO. You need to implement A
posting definitions for all variable transaction types.
For which type of transactions can you implement
posting definitions?
a. Accounts payable, Accounts receivable, Bank, Budget,
Payroll, Purchasing
b. Accounts payable, Bank, Budget, Fixed assets, Payroll,
Purchasing
c. Accounts payable, Accounts receivable, Fixed assets,
Payroll, Purchasing
d. Accounts payable, Accounts receivable, Budget, Fixed
assets
A public sector company is configuring encumbrance for D
managing capital budgets. The finance department needs
to configure posting definitions for bank transactions. You
need to configure D365FO for cash settlements.
What should you do?
a. Configure combined deposit amounts
b. Configure budget appropriations
c. Configure general ledger year-end close
d. Configure advanced ledger entries
