Microsoft Certified: Microsoft Dynamics 365 Finance
Candidates for this exam typically specialize in one or more feature sets of Microsoft Dynamics 365 Finance, including finance, manufacturing, and supply chain management.
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MB6-897 - Microsoft Dynamics 365 for Retail
MB-240 - Microsoft Dynamics 365 for Field Service
MB-310 - Microsoft Dynamics 365 for Finance and Operations, Financials
Related Certifications
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Microsoft Business Solutions
To pass this exam, the following methods can help you:
- Visit the official Microsoft MB-310 exam website.
- Join Study Group.
- Prepare from Microsoft instructor-led courses available on the official website.
- Take a practice exam before the actual exam.
- Prepare valid exam questions.
Practice exam: Accurate MB-310 exam questions
QUESTION 1
You are setting up main accounts in Dynamics 365 for Finance and Operations.
You need to configure the main accounts to meet the requirements.
Which options should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Correct Answer:
QUESTION 2
A client is using the budget planning process in Dynamics 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 cycles
D. Configure budget allocation terms
Correct Answer: B
QUESTION 3
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. Fixed weight
C. Equally
D. Basis
Correct Answer: D
QUESTION 4
A company plans to use Dynamics 365 for Finance and Operations.
You need to configure basic budgeting.
Which set of actions must you perform?
A. Define a budget journal Define budgeting parameters and number sequences Create budget models Define budget
codes Create budgeting workflows
B. Define a budget journal Define budgeting parameters and number sequences Define rules for budget transfers
Create budget models Define budget codes
C. Define budget exchange rate types Define budgeting parameters and number sequences Define budgeting
dimensions Create budget models
D. Define a budget journal Define budgeting parameters and number sequences Define budgeting dimensions Create
budget models Define budget codes
Correct Answer: D
QUESTION 5
Use the drop-down menus to select the answer choice that answers each question based on the information presented
in the graphic. NOTE: Each correct selection is worth one point.
Hot Area:
Correct Answer:
QUESTION 6
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 are configuring the year-end setup in Dynamics 365 for Finance and Operations.
You need to configure the year-end setup to meet the following requirements:
The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year\\’s
Period 13.
The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
All dimensions from profit and loss must carry over into the retained earnings.
All future and previous periods must have an On Hold status.
Solution:
Configure General ledger parameters.
–
Set the Delete close of year transactions option to No.
Set the Create closing transactions during transfer option to No.
–
Set the Fiscal year status to permanently closed option to No. Define the Year-end close template.
-Designate a retained earnings main account for each legal entity.
–
Set the Financial dimensions will be used on the Opening transactions option to No.
–
Set the Transfer profit and loss dimensions\\’ option to Close All. Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?
A. Yes
B. No
Correct Answer: B
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
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