Latest Mb-310 Samples 2019

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NEW QUESTION 1
You are the controller for an organization. The company 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:
MB-310 dumps exhibit 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.
MB-310 dumps exhibit Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any information
MB-310 dumps exhibit that was set up for the original fixed asset is copied to the new fixed asset.
MB-310 dumps exhibit 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.
MB-310 dumps exhibit Ensure that the historical transactions are transferred to the new fixed asset.
MB-310 dumps exhibit Ensure Historical Depreciation expense entries do not change.
What should you do?

  • A. Reclassify the fixed asset
  • B. Change the fixed asset group and keep the same fixed asset number
  • C. Copy the fixed asset
  • D. Transfer the fixed asset

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassify-fixed-a

NEW QUESTION 2
A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

  • A. Configure the Fiscal year close parameters
  • B. Configure the ledger calendar for the new fiscal year
  • C. Configure the transfer balance
  • D. Validate the main account type
  • E. Create the next fiscal year

Answer: ADE

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

NEW QUESTION 3
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.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
MB-310 dumps exhibit

NEW QUESTION 4
Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future
You need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.
What should you do?

  • A. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
  • B. Create a journal template that has ledger as the account type and offset account type.
  • C. Use journal control to specify which account types, are valid for the General ledger journal.
  • D. Configure the voucher series associated with this journal to allow only ledger account types.

Answer: A

NEW QUESTION 5
An organization is setting up cost accounting.
You need to set up fiscal calendars for Dynamics 365 for Finance and Operations.
What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

  • A. standard work hours
  • B. financial transactions
  • C. fixed asset depreciation
  • D. budget cycles
  • E. shift work hours

Answer: BCD

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal-ye

NEW QUESTION 6
An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15th of every month in the amount of $450.00.
You need to set up, configure, and process recurring free text invoices for the customers.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-up-process-

NEW QUESTION 7
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a cash discount of two percent if it is paid in five days and a discount of one percent if it is paid in 14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
MB-310 dumps exhibit

NEW QUESTION 8
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 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

Answer: B

NEW QUESTION 9
You are configuring the Accounts payable module for a company.
The company needs to set a limit on the charges they will pay for specific items. You need to set up the limit for charges.
Which two actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

  • A. Define the maximum charge amount on the vendor record.
  • B. Enter the maximum amount when you set up the charges code.
  • C. Use budget control with the specified charges code.
  • D. Set the maximum charge amount in the Accounts payable parameters,
  • E. Enable invoice matching validation in the Accounts payable parameters.

Answer: BE

NEW QUESTION 10
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers transaction 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

Answer: A

NEW QUESTION 11
You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.
MB-310 dumps exhibit
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
MB-310 dumps exhibit

NEW QUESTION 12
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:
MB-310 dumps exhibit The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year’s Period 13.
MB-310 dumps exhibit The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
MB-310 dumps exhibit All dimensions from profit and loss must carry over into the retained earnings.
MB-310 dumps exhibit All future and previous periods must have an On Hold status.
Solution:
MB-310 dumps exhibit Configure General ledger parameters.
- Set the Delete close of year transactions option to Yes.
- Set the Create closing transactions during transfer option to Yes.
- Set the Fiscal year status to permanently closed option to No.
MB-310 dumps exhibit 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.
MB-310 dumps exhibit Set future Ledger periods to a status of On Hold.
Does the solution meet the goal?

  • A. Yes
  • B. No

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

NEW QUESTION 13
You are setting up a budget plan to accurately portray the projected budget for a company. You need to select the appropriate allocation method for data distribution.
Which allocation methods should you use? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-all

NEW QUESTION 14
A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.
You need to set up cost versions and prices to accomplish the manufacturer's goal.
For which purpose should you use each costing type? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versio

NEW QUESTION 15
A legal entity has locations and customers in multiple states within the United States.
You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

  • A. the Sales tax group on the Customer record
  • B. the Terms of delivery setup
  • C. the Item Sales tax group on the Item record
  • D. the Sales reporting codes
  • E. the Sales tax codes

Answer: ABE

NEW QUESTION 16
A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor.
The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.
You need to configure the system in the most efficient manner to achieve these requirements. What should you do?

  • A. Configure a company matching policy of a three-way match.
  • B. Configure a company matching policy of two-way matching and specify the items that require a three-way match.
  • C. Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.
  • D. Configure a company matching policy of non-required and specify the items that require a three-way match.
  • E. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.

Answer: C

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-acco

NEW QUESTION 17
You are setting up of the process for an expense report approval in Dynamics 365 for Finance and Operations. You need to assign permission for each participant in the workflow approval process to perform their tasks. Which action can each participant perform? To answer, select the appropriate option in the answer area. NOTE: Each correct selection is worth one point.
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/fin-and-ops/organization-administration/work

NEW QUESTION 18
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 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: Create budget plans for multiple scenarios. Does the solution meet the goal?

  • A. Yes
  • B. No

Answer: A

NEW QUESTION 19
You must configure journal controls in Dynamics 365 for Finance and Operations.
MB-310 dumps exhibit
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/general-journal-proc

NEW QUESTION 20
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:
MB-310 dumps exhibit The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year’s Period 13.
MB-310 dumps exhibit The fiscal year closing can be run again, but only the most recent closing entry will remain in the
transactions.
MB-310 dumps exhibit All dimensions from profit and loss must carry over into the retained earnings.
MB-310 dumps exhibit All future and previous periods must have an On Hold status.
Solution:
MB-310 dumps exhibit Configure General ledger parameters.
MB-310 dumps exhibit Set the Delete close of year transactions option to Yes.
MB-310 dumps exhibit Set the Create closing transactions during transfer option to Yes.
MB-310 dumps exhibit Set the Fiscal year status to permanently closed option to Yes.
MB-310 dumps exhibit Define the Year-end close template.
MB-310 dumps exhibit Designate a retained earnings main account for each legal entity.
MB-310 dumps exhibit Set the Financial dimensions will be used on the Opening transactions option to Yes.
MB-310 dumps exhibit Set the Transfer profit and loss dimensions’ option to Close All.
MB-310 dumps exhibit Set future Ledger periods to a status of On Hold. Does the solution meet the goal?

  • A. Yes
  • B. No

Answer: B

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

NEW QUESTION 21
A client confirms a safes order in Dynamics 365 for Finance and Operations. You are viewing the confirmed sales order.
MB-310 dumps exhibit
MB-310 dumps exhibit

  • A. Mastered
  • B. Not Mastered

Answer: A

Explanation:
MB-310 dumps exhibit

NEW QUESTION 22
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?

  • A. when financial dimensions need to default from the main account onto an invoice
  • B. when using encumbrance accounting for purchase orders
  • C. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
  • D. when creating one offset ledger entry based on transaction type

Answer: B

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/posting-definitions

NEW QUESTION 23
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