Most Recent Microsoft MB-310 Exam Questions & Answers

Prepare for the Microsoft Dynamics 365 Finance Functional Consultant 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 Dec 20, 2024.

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Question No. 1

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?

Awhen financial dimensions need to default from the vendor record onto an invoice

Bwhen only certain dimensions are allowed to post with certain mam account combinations

Cwhen creating multiple balanced ledger entries based on transaction types or accounts

Dwhen the system needs to automatically post a transaction to the accounts receivable account on invoice posting

Show Answer

Correct Answer: D

Question No. 2

You need to resolve the issue that User4 reports.

What should you do?

AChange the status of the vendor collaboration request

BCreate a vendor account with the systemexternaluser role and the vendor admin (external) role

CRemove the externalsystemuser role from the vendor

DManually create the vendor account with the systemuser role

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Correct Answer: A

Question No. 3

A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations.

The company must associate fixed assets with subprojects to track the money that the company spends to maintain assets.

You need to configure subprojects to track the associated fixed asset transactions.

Which two types of subprojects can you use? Each correct answer presents a complete solution.

NOTE: Each correct selection Is worth one point.

AInternal

BFixed price

CTime and material

DInvestment

ECost

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Correct Answer: A, E

Question No. 4

A company manufactures and installs air filtering units for industrial manufacturing plants.

The air filtering units are manufactured to order. The com

* 25 percent at the time of the sale

* 50 percent when the unit is shipped

* 25 percent when the unit is installed

Additionally, a three-year warranty is sold with covers.

You need to configure revenue recognition.

What should you do?

ACreate a reallocation posting for the warranty revenue.

BCreate a new revenue schedule for each unit.

CCreate the revenue schedule so that it uses the contract terms

DCreate one revenue schedule with milestones.

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Correct Answer: C

Question No. 5

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.

A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions.

The client has the following requirements:

Only expense accounts require dimensions posted with the transactions.

Users must not have the option to select dimensions for a balance sheet account.

You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.

Solution: Configure one account structure for expense accounts and apply advanced rules.

Does the solution meet the goal?

AYes

BNo

Show Answer

Correct Answer: B

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

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