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

• Question 1

  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-pie Budget module in Dynamics 365 for Finance and Operations for budget managementYou need to create the new budgets.Solution: Create budget plans to define the revenues for a budgetDoes the solution meet the goal?

  • Yes
  • No

  Show Answer Answer: B Next

• Question 2

  You are configuring Dynamics 365 for Finance and Operations,You need to implement posting definitions for all available transaction types.For which type of transactions can you implement posting definitions?

  • Accounts payable, Bank. Budget Fixed assets, and Payroll
  • Accounts payable, Accounts receivable, Budget, and Fixed, assets
  • Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
  • Accounts payable, Accounts receivable. Bank. Budget, Payroll, and Purchasing

  Show Answer Answer: D Next

• Question 3

  A customer uses Dynamics 365 Finance to manage budgets.You review a customer's budget funds available calculation and discover that the budget amounts posted two weeks ago are not reflected in the budget control check on a purchase order.You verify that budget control is set to active.You need to determine why the budget posted two weeks ago is not reflecting correctly.What should you do?

  • Verify that available budget funds are configured appropriately.
  • Post a budget transfer to add the correct funds.
  • Verify whether budget plans are still in draft status.
  • Compare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting.

  Show Answer Answer: D Next

• Question 4

  A cable and interne t company implements Dynamics 365 FinanceThe primary line of business for the company is internet services. The company also sells routers and modems to customers for an additional one-time cost.You need to configure revenue recognition.What should you configure?

  • Create the router and modem sates to post to deferred revenue.
  • Configure the internet service as essential
  • Configure the internet service router, and modem as essential.
  • Create a revenue schedule for the internet service, router, and modem

  Show Answer Answer: B Next

• Question 5

  You are a finance consultant. Your client needs you to configure cash flow forecasting.The client wants specific percentages of main accounts to contribute to different cash flow forecasts for othermain accounts.You need to configure Dynamics 365 for Finance to meet the needs of the client.What should you do?

  • On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account.
  • Configure the parent/child relationship for the main account and subaccounts by using appropriate percentages.
  • Configure the cash flow forecasting setup for Accounts Payable before you configure vendor posting profiles.
  • On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account. D18912E1457D5D1DDCBD40AB3BF70D5D

  Show Answer Answer: D Next