Microsoft MB-310 Microsoft Dynamics 365 for Finance and Operations Financials Exam Exam Practice Test Questions

• Question 1

  A company has many customers who are not paying invoices on time.You need to use the collection letter functionality to manage customer delinquencies.What are two possible ways to achieve the goal? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.D18912E1457D5D1DDCBD40AB3BF70D5D

  • Cancel the collection letters after they are created and posted.
  • Print all of the collection letters.
  • Delete the collection letters after posting when an error occurs.
  • Post the collection letters.

  Show Answer Answer: B, D Next

• Question 2

  A client wants general journal to be used only to post ledger-type transactions.You need to set up journal configuration to achieve the requirement.Solution: Set up the journal control on the general to the account type of ledger.Does the solution meet the goal?

  • Yes
  • No

  Show Answer Answer: A Next

• Question 3

  You are contouring Dynamics 365 FinanceTransactions are being approved tor all sales transactions. This configuration results in numerous fraudulent transactions.The payment prowler requires verification of the following information in order to authorization transaction.* account hotter name* billing address* postal codeYou need to configure the system to only approve transactions with a verified address. Which option should you select for credit card authorization?

  • Always accept transaction
  • Postal code
  • Account holder
  • Billing address

  Show Answer Answer: D Next

• Question 4

  You are implementing Dynamics 365 Finance. You configure an invoice validation policy to use three-way matching and use a three percent tolerance for invoice totals.A user enters a vendor invoice journal. The invoice validation policy is not applied.You need to troubleshoot the policy.What is the issue with the policy?

  • Validation is only performed on vendor invoice entries.
  • Validation is configured to check for price and quantity.
  • Validation is only performed on invoice register entries.
  • The tolerance percentage is too high.

  Show Answer Answer: C Next

• Question 5

  You are a Dynamics 365 Finance consultant. You plan to configure the allocation base, cost behavior, andcost distribution.Which three actions do these configurations accomplish? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

  • Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.
  • Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.
  • Spread the balance of the cost from one cost object to one or more other cost objects by applying a relevant allocation base.
  • Control which journals can be used in the costing process.
  • Classify costs according to their behavior in relation to changes in key business activities.

  Show Answer Answer: B, C, E Next