MB-310 ALL ANSWERS 100% CORRECT SPRING FALL-2023/24 LATEST EDITION GUARANTEED GRADEV A+

The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management You need to create the new budgets. Solution: Create budget plans for multiple scenarios. Does the solution meet the goal? A.Yes B.No Yes 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? A.Yes B.No Yes A company is preparing to complete yearly budgets. The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management You need to create the new budgets. Solution: Combine budgets from multiple legal entities to a master budget. Does the solution meet the goal? A.Yes B.No Yes 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? A.Yes B.No YesA 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 processor as a proposal. Setup the transactions to post in the legal entity configured for consolidations. Does the solution meet the goal? A.Yes B.No No 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: Set up Elimination rules in the system. Then, run an elimination proposal. Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup. Does the solution meet the goal? A.Yes B.No Yes A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements: *Distribute overhead utility expense 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.Equally C.Basis D.Fixed weight C A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You need to associate the correct definitions to the correct cost accounting concepts. Which terms match the definitions? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point. 1. Used to measure and quantify activities, such as machine hours that are used. a. cost entry b. cost objectc. cost element d. allocation base 2. The result of a transfer via data connectors from general ledger entries, cost allocations, and posted cost entries in cost journals. a. cost entry b. cost element c. cost classification d. allocation base 3. 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 4. Used as a function to track and categorize costs. a. cost entry b. cost element c. allocation base d. cost classification 5. Group costs according to their shared characteristics. a. cost entry b. cost element c. allocation base d. cost classification d, a, b, b, d 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 employeesmustberecognizedinthegeneralledgerbasedupontheemployee'sfirstpaydate. 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. A.For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day 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. CONTINUED...