MB 310 - Finance ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Allocate budget plan lines to the destination scenario Allocate to Dimension
based on the percentages and financial dimensions that
are defined in a selected budget allocation term
Allow budget amounts that are prepared at a lower level Aggregate
in the organization to be consolidated at a higher level
Transfer amounts that were budgeted at a higher level to Copy from Budget Plan
a lower level of the organization for detailed review and
adjustment before they can receive upper-level approval
Enable budget amounts that are prepared at a higher Distribute
level in the organization to be spread out for more
localized review
You are configuring the Fixed assets module for a ABC
Dynamics 365 Finance and Operations environment,
You need to set up the basic configuration to create a
fixed asset. Each correct answer presents part of
the solution.
NOTE: Each correct selection is worth one point.
A. the number sequence
B. the group
C. the name
D. the type
E. the property type
,An organization acquires a building. You need to register- ABD
and record the building as an asset building in
Dynamics 365 Finance and Operations. What are three
possible ways to achieve the goal? Each correct
answer presents a complete solution. NOTE: Each correct
selection is worth one point.
A. Select an acquisition transaction type within a fixed
asset journal.
B. Select an account type of Fixed Asset and a
transaction type of Acquisition with a General Journal.
C. Use the sales order process to acquire the asset.
D. Eliminate the project to a fixed asset.
E. Create a sales invoice to record and register the fixed
asset.
A client is using the budget planning process in Dynamics B
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?
A. Configure budget control.
B. Configure budget codes.
C. Configure budget allocation terms.
D. Configure budget cycles.
You are the controller for an organization. The company D
purchased six service trucks. You observe that
your accountant set up Fixed assets - vehicles in the
wrong fixed asset group.
You need to achieve the following;
• Change the fixed asset group so that the existing fixed
asset transactions for the original fixed asset are
canceled and regenerated for the new fixed asset.
• Ensure that all value models for the existing fixed asset
are created for the new fixed asset. Any
information that was set up for the original fixed asset is
copied to the new fixed asset.
• Close the old fixed asset number in the old fixed assets
group and create a new fixed asset number in
the new fixed assets
group.
What should you do?
A. Reclassify the fixed asset.
B. Copy the fixed asset.
C. Change the fixed asset group
D. Transfer the fixed assets
, You are the accounts receivable manager of an A
organization. The organization recently sold machinery
to a customer. You need to register transactions for the
sale of the machinery by using a free text
invoice for fixed assets. Which transaction type should
you use?
A. Disposal
B. Acquisition
C. Value adjustments
D. Depreciation
Send communication to the customers detailing their Collection letter
past-due invoices
Use the system to automatically calculate a late charge Auto charges
Create a group of customers for a collection agent to Customer pools
monitor
View a list of customers with colored indicators of a Period definitions
customer's payment status
You need to configure invoice validation for two-way Enable invoice matching validation, set Match invoice totals to yes, and set
matching to match price totals. Which option should you tolerance
choose?
You need to restrict a user from posting an invoice that Allow with warning
has discrepancies without authorization. Which option
should you use?
You are configuring vendor collaboration security roles D
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?
A. Delete any contact person that they have created.
B. Deny or allow a contact person's access to documents
on the vendor collaboration interface that are
specific to the vendor account
C. View and modify contact person information, such as
the person's title, email address, and telephone
number.
D. View consignment inventory.
Allocate budget plan lines to the destination scenario Allocate to Dimension
based on the percentages and financial dimensions that
are defined in a selected budget allocation term
Allow budget amounts that are prepared at a lower level Aggregate
in the organization to be consolidated at a higher level
Transfer amounts that were budgeted at a higher level to Copy from Budget Plan
a lower level of the organization for detailed review and
adjustment before they can receive upper-level approval
Enable budget amounts that are prepared at a higher Distribute
level in the organization to be spread out for more
localized review
You are configuring the Fixed assets module for a ABC
Dynamics 365 Finance and Operations environment,
You need to set up the basic configuration to create a
fixed asset. Each correct answer presents part of
the solution.
NOTE: Each correct selection is worth one point.
A. the number sequence
B. the group
C. the name
D. the type
E. the property type
,An organization acquires a building. You need to register- ABD
and record the building as an asset building in
Dynamics 365 Finance and Operations. What are three
possible ways to achieve the goal? Each correct
answer presents a complete solution. NOTE: Each correct
selection is worth one point.
A. Select an acquisition transaction type within a fixed
asset journal.
B. Select an account type of Fixed Asset and a
transaction type of Acquisition with a General Journal.
C. Use the sales order process to acquire the asset.
D. Eliminate the project to a fixed asset.
E. Create a sales invoice to record and register the fixed
asset.
A client is using the budget planning process in Dynamics B
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?
A. Configure budget control.
B. Configure budget codes.
C. Configure budget allocation terms.
D. Configure budget cycles.
You are the controller for an organization. The company D
purchased six service trucks. You observe that
your accountant set up Fixed assets - vehicles in the
wrong fixed asset group.
You need to achieve the following;
• Change the fixed asset group so that the existing fixed
asset transactions for the original fixed asset are
canceled and regenerated for the new fixed asset.
• Ensure that all value models for the existing fixed asset
are created for the new fixed asset. Any
information that was set up for the original fixed asset is
copied to the new fixed asset.
• Close the old fixed asset number in the old fixed assets
group and create a new fixed asset number in
the new fixed assets
group.
What should you do?
A. Reclassify the fixed asset.
B. Copy the fixed asset.
C. Change the fixed asset group
D. Transfer the fixed assets
, You are the accounts receivable manager of an A
organization. The organization recently sold machinery
to a customer. You need to register transactions for the
sale of the machinery by using a free text
invoice for fixed assets. Which transaction type should
you use?
A. Disposal
B. Acquisition
C. Value adjustments
D. Depreciation
Send communication to the customers detailing their Collection letter
past-due invoices
Use the system to automatically calculate a late charge Auto charges
Create a group of customers for a collection agent to Customer pools
monitor
View a list of customers with colored indicators of a Period definitions
customer's payment status
You need to configure invoice validation for two-way Enable invoice matching validation, set Match invoice totals to yes, and set
matching to match price totals. Which option should you tolerance
choose?
You need to restrict a user from posting an invoice that Allow with warning
has discrepancies without authorization. Which option
should you use?
You are configuring vendor collaboration security roles D
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?
A. Delete any contact person that they have created.
B. Deny or allow a contact person's access to documents
on the vendor collaboration interface that are
specific to the vendor account
C. View and modify contact person information, such as
the person's title, email address, and telephone
number.
D. View consignment inventory.
