MB-310 Questions and Answers
In the Accounts payable module, select the periodic task foreign currency revaluation.
Then, specify the parameters for revaluation and perform the revaluation.
In the General ledger module, select the periodic task foreign currency revaluation.
Then, specify the accounts eligible for revaluation, excluding the Accounts payable
account, select the currency, and select preview before posting.
In the foreign currency revaluation preview form, ensure that the foreign currency
proposal is correct. Then post the revaluation.
A client has one legal entity and the following four dimensions configured: Business
Unit, Cost Center, Department, and Division.
You need to configure the client's system to run the trial balance inquiry in the General
ledger module so that it displays the trial balance two ways:
✑ Include the main account and all four dimensions.
Include the main account and only the business unit and cost center dimensions.
What should you configure?
A. two account structures
B. two derived financial dimension hierarchies
C. all financial dimensions by using the group dimension functionality
D. two financial dimension sets - ANSWER-two financial dimension sets
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 vendor record onto an invoice
B. when only certain dimensions are allowed to post with certain main account
combinations
C. when creating multiple balanced ledger entries based on transaction types or
accounts
D. when the system needs to automatically post a transaction to the accounts
receivable account on invoice posting - ANSWER-when creating multiple balanced
ledger entries based on transaction types or accounts
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?
A. Configure a company matching policy of a three-way match
B. Configure a company matching policy of non-required and specify the items that
require a three-way match
C. Configure a company matching policy of two-way matching and set the matching
policy for specific item and vendor combination level to three-way matching
D. Configure a company matching policy of two-way matching and specify the items that
require a three-way match
E. Configure a company matching policy of two-way matching and specify the vendors
that requir - ANSWER-Configure a company matching policy of two-way matching and
set the matching policy for specific item and vendor combination level to three-way
matching
A client needs guidance on month-end closing procedures.
The client needs to be able to stop all teams except Accounts payable and General
ledger from posting transactions for the month.
You need to configure Dynamics 365 Finance to allow only those two teams to transact
during the period being closed.
Which three actions should you perform? Each correct answer presents part of the
solution.
A. Create an access group called month end access for Accounts payable and General
ledger team members.
B. Set all modules to none to prevent any transactions from being posted.
C. Configure the financial period close workspace tasks to the Accounts payable and
General ledger teams only
D. Move the period status to on hold for your client's one legal entity.
E. Assign the security group month end access on the ledger calendar form for the
modules they need access to. - ANSWER-Create an access group called month end
access for Accounts payable and General ledger team members.
Set all modules to none to prevent any transactions from being posted.
Assign the security group month end access on the ledger calendar form for the
modules they need access to.
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.
You need to configure the system to support collection letter functionality and
processing.
In which order should you perform the actions?
A. Post the collection letter
B. Link the collection letter sequence to the customer posting profile
C. Set up the Form Notes in the Credit and collections module
,D. Define the collection letter sequence
E. Generate the collection letter - ANSWER-Set up the Form Notes in the Credit and
collections module
Define the collection letter sequence
Link the collection letter sequence to the customer posting profile
Generate the collection letter
Post the collection letter
A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Add descriptive lines on the report
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Row definition
A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Select criteria and build the report
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Report definition
, A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Specify individual report units
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Reporting tree
A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Specify the period to use when data is queried from financial dimensions
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Column definition
A client plans to use the cost accounting module in Dynamics 365 Finance.
You need to associate the correct definitions to the correct cost accounting concepts.
Which terms match the definitions?
Anything that is selected for cost control, costs or revenues are either directly posted on
or allocated to these.
A. Cost entry
B. Cost object
C. Cost element
D. Allocation base - ANSWER-Cost object
A client plans to use the cost accounting module in Dynamics 365 Finance.
You need to associate the correct definitions to the correct cost accounting concepts.
In the Accounts payable module, select the periodic task foreign currency revaluation.
Then, specify the parameters for revaluation and perform the revaluation.
In the General ledger module, select the periodic task foreign currency revaluation.
Then, specify the accounts eligible for revaluation, excluding the Accounts payable
account, select the currency, and select preview before posting.
In the foreign currency revaluation preview form, ensure that the foreign currency
proposal is correct. Then post the revaluation.
A client has one legal entity and the following four dimensions configured: Business
Unit, Cost Center, Department, and Division.
You need to configure the client's system to run the trial balance inquiry in the General
ledger module so that it displays the trial balance two ways:
✑ Include the main account and all four dimensions.
Include the main account and only the business unit and cost center dimensions.
What should you configure?
A. two account structures
B. two derived financial dimension hierarchies
C. all financial dimensions by using the group dimension functionality
D. two financial dimension sets - ANSWER-two financial dimension sets
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 vendor record onto an invoice
B. when only certain dimensions are allowed to post with certain main account
combinations
C. when creating multiple balanced ledger entries based on transaction types or
accounts
D. when the system needs to automatically post a transaction to the accounts
receivable account on invoice posting - ANSWER-when creating multiple balanced
ledger entries based on transaction types or accounts
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?
A. Configure a company matching policy of a three-way match
B. Configure a company matching policy of non-required and specify the items that
require a three-way match
C. Configure a company matching policy of two-way matching and set the matching
policy for specific item and vendor combination level to three-way matching
D. Configure a company matching policy of two-way matching and specify the items that
require a three-way match
E. Configure a company matching policy of two-way matching and specify the vendors
that requir - ANSWER-Configure a company matching policy of two-way matching and
set the matching policy for specific item and vendor combination level to three-way
matching
A client needs guidance on month-end closing procedures.
The client needs to be able to stop all teams except Accounts payable and General
ledger from posting transactions for the month.
You need to configure Dynamics 365 Finance to allow only those two teams to transact
during the period being closed.
Which three actions should you perform? Each correct answer presents part of the
solution.
A. Create an access group called month end access for Accounts payable and General
ledger team members.
B. Set all modules to none to prevent any transactions from being posted.
C. Configure the financial period close workspace tasks to the Accounts payable and
General ledger teams only
D. Move the period status to on hold for your client's one legal entity.
E. Assign the security group month end access on the ledger calendar form for the
modules they need access to. - ANSWER-Create an access group called month end
access for Accounts payable and General ledger team members.
Set all modules to none to prevent any transactions from being posted.
Assign the security group month end access on the ledger calendar form for the
modules they need access to.
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.
You need to configure the system to support collection letter functionality and
processing.
In which order should you perform the actions?
A. Post the collection letter
B. Link the collection letter sequence to the customer posting profile
C. Set up the Form Notes in the Credit and collections module
,D. Define the collection letter sequence
E. Generate the collection letter - ANSWER-Set up the Form Notes in the Credit and
collections module
Define the collection letter sequence
Link the collection letter sequence to the customer posting profile
Generate the collection letter
Post the collection letter
A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Add descriptive lines on the report
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Row definition
A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Select criteria and build the report
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Report definition
, A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Specify individual report units
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Reporting tree
A client plans to use financial statements in Dynamics 365 Finance. The client wants to
process the statements by using various combinations of the components to create
custom reports.
You need to associate the report components to the purpose. Each component may be
used once, more than once, or not at all.
Which report components should you use for this purpose:
Purpose:
Specify the period to use when data is queried from financial dimensions
Components:
A. Row definition
B. Column definition
C. Reporting tree
D. Report definition - ANSWER-Column definition
A client plans to use the cost accounting module in Dynamics 365 Finance.
You need to associate the correct definitions to the correct cost accounting concepts.
Which terms match the definitions?
Anything that is selected for cost control, costs or revenues are either directly posted on
or allocated to these.
A. Cost entry
B. Cost object
C. Cost element
D. Allocation base - ANSWER-Cost object
A client plans to use the cost accounting module in Dynamics 365 Finance.
You need to associate the correct definitions to the correct cost accounting concepts.
