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MB-310 PDF DEMO:
QUESTION NO: 1
A company configures budget controls at the beginning of the year.
Which three budget control transaction actions occur when the budget control is turned off mid-year.
Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. You can view the budget reporting through financial reports.
B. Activities are unrecorded for budget control purposes.
C. Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control.
D. Budget checks are performed.
You can view the budget reporting through financial reports.
E. Budget register entries that have been posted after budget control is turned off will not be considered for budget control.
Answer: B,C,E
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview- configuration
QUESTION NO: 2
A rental service company hires you to configure their system to implement accrual schemes.
You need to configure the accrual schemes for this company.
Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation
QUESTION NO: 3
A client uses Dynamics 365 for Finance and Operations for accounts receivable.
You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.
Which item should you set up as mandatory?
A. Select Deposit slip
B. Select Payment ID
C. Select bank transaction type
D. Select payment reference
Answer: D
QUESTION NO: 4
You are a functional consultant for Contoso Entertainment System USA (USMF).
You plan to run several reports in USMF that list all the write-off transactions.
You need to replace the write-off reason used by the system for USMF to use a reason of "Bad debts.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
See explanation below.
Explanation
You need to add a write-off reason for USMF and set it as the default.
* Go to Navigation pane > Modules > Credit and collections > Setup > Accounts receivable parameters.
* Click the Collections tab.
* Click the Edit icon in the Write-Off section.
* Add a new Write-Off reason if it doesn't exist.
* Tick the "Default" checkbox next to the new Write-Off reason.
* Click the Save button to save the changes.
QUESTION NO: 5
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 vendor record onto an invoice
B. when creating multiple balanced ledger entries based on transaction types or accounts
C. when only certain dimensions are allowed to post with certain mam account combinations
D. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
Answer: D
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Updated: May 28, 2022