Most Recent Microsoft MB-310 Exam Questions & Answers

Prepare for the Microsoft Dynamics 365 Finance exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the Microsoft MB-310 exam and achieve success.

The questions for MB-310 were last updated on Nov 20, 2024.

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Question No. 1

You need to configure system functionality for pickle type reporting.

What should you use?

Aitem model groups

Bitem groups

Cprocurement category hierarchies

Dfinancial dimensions

Eprocurement categories

Show Answer

Correct Answer: B

Question No. 2

An organization plans to set up intercompany accounting between legal entities within the organization.

Automatic transactions between legal entities must meet the following requirements:

Provides systemwide integration and streamlining to save time

Minimizes errors and create an audit trail with full visibility into business activities and transaction histories within the legal entities

You need to set up intercompany accounting and create pairs of legal entities that can transact with each other, clearly defining the originating company and the destination company.

Which three actions should you perform? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

ASelect intercompany journal names.

BConfigure intercompany accounting in both the originating entity and destination entity.

CCreate intercompany main accounts to use for the due to and due from accounting entries.

DDefine intercompany accounting setup by creating legal entity pairs defining originating and destination companies.

EConfigure intercompany accounting in the destination entity only.

Show Answer

Correct Answer: A, C, D

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-accounting-setup

Question No. 3

A company uses the credit and collections features of Dynamics 365 Finance to track invoices and incoming payments from customers.

You need to configure the automatic collection task.

Which two options should you configure? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

AQuiet days

BAging period definitions

CProcess hierarchy

DPosting profiles

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Correct Answer: A, C

Question No. 4

A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 for Finance and Operations for cash settlements. What should you do?

AConfigure general ledger year-end close.

BConfigure combined deposit amounts.

CConfigure budget appropriations.

DConfigure advanced ledger entries.

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Correct Answer: B

Question No. 5

You need to address the employees issue regarding expense report policy violations.

Which parameter should you use?

AValidate expense purpose

BPre-authorization of travel is mandatory

CEvaluate expense management policies

DPolicy rule type

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Correct Answer: C

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