MB-310 Microsoft Exam Updated Practice Questions
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certquestionsbankMB-310 Microsoft Exam Updated Practice Questions
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certquestionsbankThis PDF contains a set of carefully selected practice questions for the
MB-310 exam. These questions are designed to reflect the structure,
difficulty, and topics covered in the actual exam, helping you reinforce
your understanding and identify areas for improvement.
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2. Accurate answer keys to support self-review
3. Designed to simulate the real test environment
4. Ideal for final review or daily practice
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Share some MB-310 exam online questions below.
1. In the Allowed value details section, clickApply .
2.DRAG DROP
You are configuring a Dynamics 365 Finance environment for intercompany accounting.
You create the following legal entities:
? CompanyA
? CompanyB
You need to configure intercompany accounting for both legal entities.
Which three actions should you perform in sequence? To answer, move the appropriate actions from
the list of actions to the answer area and arrange them in the correct order. NOTE: More than one
order of answer choices is correct. You will receive credit for any of the correct orders you select.
Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/intercompany-
accounting-setup
3.You are contouring Dynamics 365 Finance
Transactions 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 code
You need to configure the system to only approve transactions with a verified address.
Which option should you select for credit card authorization?
A. Always accept transaction
B. Postal code
C. Account holder
D. Billing address
Answer: D
4.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
5.DRAG DROP
A company uses basic budgeting functionality in Dynamics 365 Finance.
A budget manager plans to review and approve budget register entries m the system.
You need to set up approval workflows.
Which four actions should you perform m sequence? To answer, move the appropriate actions from
the list of actions to the answer area and arrange them m the correct order.
Answer:
6.HOTSPOT
A private sector client needs item groups set up to support the procurement process.
The Audio Item group posting for a purchase order is configured as shown:
Use the drop-down menus to select the answer choice that answers each question based on the
information presented in the graphic. NOTE: Each correct selection is worth one point.
Answer:
7. Topic 4, Adtum Corp.
Case Study
Overview
This is a case study. Case studies are not timed separately. You can use as much exam time as you
would like to complete each case. However, there may be additional case studies and sections on
this exam. You must manage your time to ensure that you are able to complete all questions included
on this exam in the time provided.
To answer the questions included in a case study, you will need to reference information that is
provided in the case study. Case studies might contain exhibits and other resources that provide
more information about the scenario that is described in the case study. Each question is independent
of the other questions in this case study.
At the end of this case study, a review screen will appear. This screen allows you to review your
answers and to make changes before you move to the next section of the exam. After you begin a
new section, you cannot return to this section.
To start the case study
To display the first question in this case study, click the Next button. Use the buttons in the left pane
to explore the content of the case study before you answer the questions. Clicking these buttons
displays information such as business requirements, existing environment, and problem statements. If
the case study has an All Information tab, note that the information displayed is identical to the
information displayed on the subsequent tabs. When you are ready to answer a question, click the
Question button to return to the question.
Travel and expense
The company is currently In Phase 2 of their Dynamics 365 finance Implementation.
• Consultants submit all travel receipts by using inter-office mail to the team admin for processing, but
first Up Consultants wants to modernise this experience.
• Expense reports are manually approved and signed by the employee's manager.
Finance
• First Up Consultants operates on a 4-5-4 calendar.
• Accounting, for revenue has been difficult with the SaaS offerings. This has led to implementing
Dynamics 365 Finance Revenue recognition.
• Revenue recognition has been live for J months.
• Adatum Corporation pays Quarterly for use of the First Up Consultants web design
application, starting from the day of use
• Fourth Coffee pays monthly for use of the First Up Consultants photograph editing application, with
a contract starting August I and payment starting September I.
• Adventure Works Cycles pays per use of the First Up Consultant video platform.
• A blocking rule is set up to prevent a sales order from processing if a customer exceeds a credit
limit. - Customer credit is set up at the account level for VanArsdel, Ltd.
• Tailspin Toys is owned by Wingtip Toys. The companies have a credit limit of S60.000 and
$100,000, respectively.
Tax
VAT tax recovery is required for eligible international business trip expenses. Bank reconciliation is
manual and performed by using monthly mailed account statements.
The company collects vales taxes from the following states:
Requirements
Travel and expense
• First Up Consultants requires that employees start using corporate cards for all travel expenses.
• All expenses over the require a receipt.
• Beer cannot be expensed
• Employees may use the corporate card for personal expenses during work travel, but expenses
must be categories correctly.
• Client entertainment expenses totaling more than $250 must be audited.
• Employees require a mobile expense experience
• Expense report entries must be validated when a transaction Iine is entered.
• Employees require the ability to capture receipt* by using a mobile device.
• First Up Consultants requires the ability to reimburse employees in their paychecks for expenses
incurred on personal cards.
Financial
• A virtual thirteenth month is required for year-end transactions.
• Each day. a validation file must go to First Up Consultants" bank detailing all vendor checks paid.
• Except fees, all matched transactions must clear automatically during bank reconciliation.
• The accounts payable team must verify expense reports prior to posting.
• Only payables are allowed to be posted to a poor period up to seven days into the new period
Issues
• User1 Installed the expense Management Service add-in and implemented the auto-match and
create expense from receipt features, but the receipt images do not match the corporate card
transactions
• Employee 1 submits an expense report for a business trip to Europe, but the report is not visible on
the expense tax recovery page.
• Employees prowled feedback that the system lets them know of an expense report policy violation
only after the entire expense report is submitted.
• Members of the finance department observe sales orders that posted into a closed period.
• The finance team observed that for sales order invoice 1234. the price incorrectly posts to a
revenue account when it should be deferring.
• Fmployee2 purchased supplies for a holiday patty and needs to be reimbursed
• A customer orders software licenses for the offices in Tennessee and Alabama
• Expense reports for unapproved items are posting.
• VanArsdel. Ltd. exceeded its credit limit but the sales order was processed.
• Tailspin Toys purchase $70,000 in custom software development
You need to configure the system to meet the fiscal year requirements.
What should you do?
A. Add an additional period to ledger calendars.
B. Add an additional fiscal years
C. Divide the twelfth period.
D. Create a new fiscal calendar
E. Create a closing period
Answer: D
8.You are a functional consultant for a legal entity named Contoso Group (GLCO).
You plan to sell new products that will increase in quality over time.
You need to implement a solution that uses the Last in, First out (LIFO) inventory model for GLCO.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
You need to configure an Inventory Model Group for the new products.
? For inventory model groups, navigate to Inventory management | Setup | Inventory | Item model
groups.
? Click “New” to create a new inventory model group.
? In the “Cost method and cost recognition” section, configure the “Inventory Model” setting to Last
in, First out (LIFO).
? Click “Save” to save the inventory model group.
9.DRAG DROP
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.
Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-
receivable/set-up-process-recurring-invoices
10.A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your
client requires the ability to plan for a one-year, three-year, and five-year budget. You need to
configure the various year length options to be used in the budgeting module.
What should you do?
A. Configure budget control.
B. Configure budget codes.
C. Configure budget allocation terms.
D. Configure budget cycles.
Answer: B
11.You are a Dynamics 365 Finance consultant. You plan to configure the allocation base, cost
behavior, and cost distribution.
Which three actions do these configurations accomplish? Each correct answer presents a complete
solution. NOTE: Each correct selection is worth one point.
A. Spread costs from one cost object to one or more other cost objects by applying a relevant
allocation base.
B. Measure and quantify activities, such as machine hours that are used, kilowatt hours that are
consumed, or square footage that is occupied.
C. Spread the balance of the cost from one cost object to one or more other cost objects by applying
a relevant allocation base.
D. Control which journals can be used in the costing process.
E. Classify costs according to their behavior in relation to changes in key business activities.
Answer: B, C, E
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-
accounting
12.A company plans to implement Dynamics 365 Finance. The company manages a high volume of
customers.
The finance team wants to enable the following capabilities for each set of customers:
• Create sales budgets.
• Generate trade statistics such as weekly sales.
• Define ledger posting.
• Define terms of payment.
You need to select functionality that defines clusters of customers.
Which configuration should you select?
A. Customer posting profiles
B. Customer payment terms
C. Customer sales agreements
D. Customer groups
Answer: D
13.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?
A. Verify that available budget funds are configured appropriately.
B. Post a budget transfer to add the correct funds.
C. Verify whether budget plans are still in draft status.
D. 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.
Answer: D
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview-
configuration
14. Go to Navigation pane > Modules > General ledger > Chart of accounts > Structures > Configure
account structures .
15.DRAG DROP
A company needs to create budget plan templates for its budgeting process.
You need to create the budget plan templates.
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.
Answer:
16.A client wants general journals to be used only to post ledger-type transactions.
You need to set up journal configuration to achieve the requirement.
Solution: Set up default offset account on the journal name.
Does the solution meet the goal?
A. Yes
B. No
Answer: B
17.HOTSPOT
A client wants to ensure that transactions posted to the General Ledger have the correct combination
of account number and dimensions.
The Services Industry P&L Account Structure has the following information:
Use the drop-down menus to select the answer choice that answers each question based on the
information presented in the graphic. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-
structures
18.You are configuring intercompany accounting for a multicompany enterprise. You need to set up:
the Due to and Due from accounts.
Which main account type should you use?
A. Expense
B. Asset
C. Balance sheet
D. Liability
E. Profit and loss
Answer: C
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-
ledger/intercompany-accounting-setup
19.HOTSPOT
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.
Answer:
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. Determine whether the solution meets 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 customer uses Dynamics 365 Finance.
The controller notices incorrect postings to the ledger entered via journal.
The system must enforce the following:
? Expense accounts (6000-6998) require department, division, and project with all transactions.
Customer dimension is optional.
? Revenue accounts (4000-4999) require department and division and allow project and customer
dimensions.
? Liability accounts (2000-2999) should not have any dimensions posted.
? Expense account (69 Configure an advanced rule for Expense account (6999) to require customer.
99) requires department, division, project and customer dimensions with all transactions.
You need to configure the account structure to meet the requirements.
Solution:
? Configure two account structures: one for liability accounts listing the (2000-2999) range with no
following dimensions and one for Expense and Revenue accounts.
? For Expense accounts (6000-6998) and Revenue accounts (4000-4999), configure asterisks in all
dimension columns.
? For Expense account (6999), configure asterisks in all dimensions. Co nfigure an asterisk and
quotes in the customer dimension.
Does the solution meet the goal?
A. Yes
B. No
Answer: B
Explanation:
As asterisk in all dimension columns would mean that a value must be configured for all dimensions.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-
structures
21.A client wants Dynamics 365 Finance to calculate sales tax on a sales order line once an item is
added. The sales tax group is already populated with a value.
You need to ensure that the sales tax will calculate.
Which field should you populate?
A. sales tax code
B. item group
C. customer address
D. item sales tax group
Answer: D
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-
overview
22.DRAG DROP
You are implementing Dynamics 365 Finance and have deployed one instance with the following
legal entities:
You need to configure the ledger.
Which ledger currencies should be configured? To answer, drag the appropriate currency type to the
ledger currency. Each currency type may be used once, more than once, or not at all. You may need
to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth
one point.
Answer:
23.DRAG DROP
A client observes that some customers are late paying their invoices. The client wants to use the
Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
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.
Answer:
Explanation:
Reference: http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/
24. Topic 3, Alpine Ski House
Case study
Overview
This is a case study. Case studies are not timed separately. You can use as much exam time as you
would like to complete each case . How ever, there may be additional case studies and sections on
this exam. You must manage your time to ensure that you are able to complete all questions included
on this exam in the time provided.
To answer the questions included in a case study, you will need to reference information that is
provided in the case study. Case studies might contain exhibits and other resources that provide
more information about the scenario that is described in the case study. Each question is independent
of the other questions in this case study.
At the end of this case study, a review screen will appear. This screen allows you to review your
answers and to make changes before you move to the next section of the exam. After you begin a
new section, you cannot return to this section.
To start the case study
To display the first question in this case study, click the button. Use the buttons in the left pane to
explore the content of the case study before you answer the questions. Clicking these buttons
displays information such as business requirements, existing environment, and problem statements.
If the case study has an All Information tab, note that the information displayed is identical to the
information displayed on the subsequent tabs. When you are ready to answer a question, click the
button to return to the question.
Background
Alpine Ski House has three partially owned franchises and 10 fully owned resorts throughout the
United States and Canada. Alpine Ski House's percentage ownership of the franchises is between
two and 10 percent.
Alpine Ski House is undergoing an implementation of Dynamics 365 Finance and Dynamics 365
Supply Chain Management to transform their financial management and logistics capabilities across
the franchises.
Implementation is complete for Alpine Ski House's corporate offices, two US franchises, and one
Canadian franchise. The remaining franchises are in varying stages of the implementation. Two new
resort projects are in the budget planning stages and will open in the next fiscal year. Current
environment
Organization and general ledger
* Each franchise is set up as a legal entity in Dynamics 365 Finance.
* Alpine Ski House Corporate uses financial dimensions for their fully owned resorts.
* Each resort is a financial dimension named resort.
* Each fully owned resort has two divisions: marketing and operations.
* Only Profit and Loss account postings require the division dimension.
* Corporate handles the advertising and administration of the fully owned resorts.
* Corporate uses Dynamics 365 Project Management and Accounting to manage construction of new
resorts.
Budgeting
* Organizational budgeting is decentralized but rolls up to one organizational corporate budget.
* Each resort manager performs budgeting in Dynamics 365 Finance.
* Budget preparation begins this month. All operational resorts will submit their budgets in two weeks.
Sales and tax
* Sales tax is configured and used by all resorts that operate in the United States.
* You configure one US sales tax vendor account and assign the vendor account to the settlement
periods for reporting.
* You use accounts receivable charges to track donations.
Existing purchasing contracts
* Each franchise resort has an individual contract with a local supplier of their choosing to purchase at
least $10,000 worth of suppliers during the calendar year.
* The franchise resorts in one US state receive a two percent discount on meat and vegetable
purchases in excess of $8,000 per year.
* A franchise resort in Utah has agreed to purchase 1,000 units of beef at market price from a local
supplier.
* Alpine Ski House uses a vendor collaboration portal to track purchase orders and requests for
quotes.
* Vendors request access to the vendor collaboration portal by using a workflow which runs on a
nightly schedule.
Intercompany setup
Vendor123 resides in US franchise Company1 and is set up for intercompany transactions.
Customer345 resides in Canada franchise Company1 and is set up for intercompany transactions.
Requirements
Franchises
* Each franchise must pay two percent of monthly sales to Alpine Ski House Corporate.
* Each franchise must report their own financials to Alpine Ski House Corporate monthly.
* US franchises require a three-way-match on all purchases, with a 1-percent price tolerance.
* Canadian franchises require a three-way-match on all purchases except paper products, which have
a 10-percent price tolerance.
Corporate
* Advertising costs must be balanced across the 10 resorts monthly. These costs must be split across
the 12 resorts once construction of the final two resorts is completed.
* Administration costs must be split across the 10 resorts proportional to the amount of sales
generated.
* One percent of all pack and individual ski pass sales must be donated quarterly to an environmental
protection organization.
* The finance department must be able to see purchasing contracts and discounts for vendors based
on volume spend.
Employees
All employee expense reports that contain the word must be reviewed for the audit purposes. If a
journal is posted incorrectly, the entire journal and not just the incorrect line must be fully reversed for
audit purposes.
Resorts
All resorts must use Dynamics 365 Finance for budgeting and must first be approved by the regional
manager.
Purchased fixed assets must automatically be acquired at product receipt.
Issues
* User1 reports that irrelevant dimensions display in the drop down when entering a General journal.
* User2 reports that dimension 00 is being used for all balance sheet accounts.
* User3 tries to generate the quarterly sales tax liability payment for a specific state but does not see
any payables available for that state's vendor.
* User4 receives a call from a vendor who cannot access the vendor collaboration portal but needs
immediate access.
* User5 notices a large amount of entertainment expenses being posted without an audit review.
* User6 needs to have visibility into the increase in budget that is necessary to staff the two new
resorts opening next year.
* User7 needs to use Dynamics 365 Finance for situational budgeting planning with the ability to
increase and decrease the existing plans by certain percentages.
* User8 made a mistake while posting a 1,000-line journal and reverses the entire journal but cannot
find the lines that included errors during the reversal.
* User9 made a mistake while posting a 55-line journal and reverses the entire journal.
* User10 realizes that the purchase of five new computers did not acquire five new fixed assets upon
receipt.
The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are
purchased totaling USD1,000.
When the purchase invoice is prepared, USD10,000 is keyed in by mistake.
Which configuration determines the result for this intercompany trade scenario?
A. Post invoices with discrepancies is set to require approval.
B. Match invoice totals is set to yes.
C. Three-way match policy is configured.
D. Two-way match policy is configured.
E. Post invoices with discrepancies is set to allow with warning.
Answer: C
25.You need to adjust the sales tax configuration to resolve the issue for User3.
What should you do?
A. Create multiple settlement periods and assign them to the US tax vendor.
B. Create multiple sales tax remittance vendors and assign them to the settlement period.
C. Run the payment proposal to generate the sales tax liability payments.
D. Create a state-specific settlement period and assign the US tax vendor to the settlement period.
Answer: D
26.A client wants general journals to be used only to post ledger-type transactions.
You need to set up journal configuration to achieve the requirement.
Solution: Set up posting restrictions on the general journal.
Does the solution meet the goal?
A. Yes
B. No
Answer: B
27. In the Segments and allowed values, click Add .
28.HOTSPOT
A company implements basic budgeting functionality.
The company wants to achieve the following:
• Distribute budget amounts across financial dimensions.
• Require an approval workflow for budget
• Approve a specific set of budget entries.
You need to configure the required basic budgeting functionality.
Which functionalities should you configure? To answer, select the appropriate options in the answer
area. NOTE: Each correct answer is worth one point.
Answer:
29.A customer uses bank reconciliation functionality In Dynamics 365 Finance.
The customer finds a transaction in a closed fiscal period that must be corrected.
You need to correct the transaction.
How should you nuke this correction?
A. Use the Correction amount field.
B. Open the fiscal period.
C. Create a new line for the transaction in the closed period.
D. Create a new line for the transaction in an open period
Answer: D
30.DRAG DROP
You are a Dynamics 365 Finance and Operations functional consultant A legal entity processes and
settles vendor payments :on behalf of other legal entities in an organization.
You need to configure the centralized payment flow for the legal entity.
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.
Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-
management/set-up-centralized-payments
31.DRAG DROP
You need to select the functionality to meet the requirement.
Which features should you use? To answer, drag the appropriate features to the correct
requirements. Each feature may be used once or not at all. You may need to drag the split bar
between panes or scroll to view content. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference: https://www.mscloudexperts.com/how-to-set-up-fixed-assets-to-register-transactions-in-
posting-layers/
32.DRAG DROP
You are implementing Dynamics 365 Finance.
You must associate items with an item model group. An inventory close must not be required.
You need to configure the item model group.
Which costing method should you use? To answer, drag the appropriate costing method to the
correct system behavior. Each costing method may be used once, more than once, or not at all. You
may need to drag the split bar between panes or scroll to view content. NOTE; Each correct selection
is worth one point.
Answer:
33.You are configuring taxes in Dynamics 365 Finance for a client.
Vendor invoices require a five percent sales tax calculation. Per government rules, the client can
recover only 60 percent of this five percent sales tax amount against certain commodities. The
remaining 40 percent is non-recoverable.
You need to configure the sales taxes to post to the expense account.
Where should you configure the sales tax percentage?
A. Ledger posting groups
B. Sales tax group
C. Tax code
D. Item sales tax group
Answer: D
34.A company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 Finance for budget management.
You need to create the new budgets.
What should you do?
A. Create budget plans for multiple scenarios.
B. Create budget plans to define the revenues for a budget.
C. Combine previous year budgets into a single budget.
Answer: A
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-
operations/financials/budgeting/budget-planningoverview-configuration
35. In the Description field,
type a description to specify the purpose of the account structure.
36.HOTSPOT
A client plans to use the cost accounting module in Dynamics 365 for Finance and Operations. You
need to associate the correct definitions to the correct cost accounting concepts.
Which terms match the definitions? To answer, select the appropriate configuration in the answer
are3. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cost-
accounting/terms-cost-accounting
37.HOTSPOT
You need to configure the expense module for reimbursement.
How should you configure the expense module? To answer, select the appropriate options in the
answer area. NOTE: Each correct selection is worth one point.
Answer:
38.DRAG DROP
You are implementing Dynamics 365 Finance.
You must track freight charges, freight amounts must be included in the vendor invoice amount and
the expense recorded in a ledger account defined for Freight.
You need to configure the Accounts payable charges.
How should you set up the charges? To answer, drag the appropriate posting type to the correct
account type. Each posting type may be used once, more than once, or not at all. You may need to
drag the split bar between panes or scroll to view content. NOTE; Each correct selection is worth one
point.
Answer:
39.HOTSPOT
A customer implements Dynamics 365 Finance.
The customer needs to use the cost accounting module for the following:
• Track the square footage occupied at each of the customer's store locations.
• Track and categorize costs as primary or secondary.
• Classify costs as direct or indirect.
You need to configure the system.
Which configuration options should you use? To answer, select the appropriate options in the answer
area. NOTE: Each correct selection is worth one point.
Answer:
40.HOTSPOT
Your company uses Dynamics 365 Finance.
You must record an interest expense that occurs every month. It must be recorded the same way
each month. Your manager wants each interest posting to use the number scheme "INT-XXXX", with
XXXX representing a sequential number. You need to configure the system.
What should you create? To answer, select the appropriate options in the answer area. NOTE: Each
correct selection is worth one point.
Answer:
41.A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders.
You need to automatically calculate sales tax when the sales order is created.
Which three actions should you perform? Each correct answer presents part of the solution. NOTE:
Each correct selection is worth one point,
A. Assign values to the sales tax codes and assign the sales tax codes to the sales tax group
associated to the customer.
B. Assign all sales tax codes to the item sales tax group associated to the item being sold.
C. Set up a default item sales tax group on the item being sold and set up a default sales tax group
on the customer used on the sales order.
D. Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold.
E. Set up a default sales tax code on the customer used on the sales order and set up a default item
sales tax group on the item being sold.
Answer: ABE
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-
overview
42.HOTSPOT
You need to configure credit card processing for all three companies
Which option should you use? To answer, select the appropriate options m the answer area NOTE:
Each correct selection is worth one point.
Answer:
43.DRAG DROP
You need to configure ledger allocations to meet the requirements.
What should you configure? To answer, drag the appropriate setups to the correct requirements.
Each setup may be used once, more than once, or not at all. You may need to drag the split bar
between panes or scroll to view content. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/ledger-allocation-
rules
44.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 managing credit and collections.
You need to set up mandatory credit limits for all customer documents.
Solution: Define a credit limit for each customer and select Mandatory credit limit check box on the
Customers form.
Does the solution meet the goal?
A. No
B. Yes
Answer: B
45.You are configuring account structures and advanced rules in Dynamics 365 Finance.
All balance sheet accounts require Business Unit and Department dimensions.
The Shareholder distribution account requires an additional dimension for Principal.
You need to set up the account structures.
What are two possible ways to achieve the goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. Create a new main account for each of the company's principals. Then, create an account
structure for all balance sheet accounts that includes the required dimension.
B. Create a new main account for Shareholder distribution. Add an advanced rule for the Principal
dimension.
C. Create an account structure for all the balance sheet accounts. Set up an advanced rule for the
Shareholder distribution account for the Principal dimension.
D. Create an account structure for balance sheet accounts without Shareholder distribution. Then,
create a second account structure for Shareholder distribution that includes all required dimensions.
Answer: CD
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-
structures
46.An organization is upgrading to Dynamics 365 Finance.
One of the organization's legal entities needs to have different main accounts for a period of six
months.
You need to configure the legal entity override dates.
Which two actions can you perform? Each correct answer presents a complete solution. NOTE: Each
correct selection is worth one point.
A. Set the value of the override date field at the legal entity level to be more restrictive.
B. Set the value of the override date field at the shared level to be more restrictive.
C. Set the value of the override date field at the legal level to be less restrictive.
D. Set the value of the override date field at the shared level to be less restrictive.
Answer: AD
Explanation:
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/plan-chart-of-
accounts
47.You are a functional consultant for Contoso Entertainment System USA (USMF).
You plan to settle accounts by receiving cash payments in US currency.
You need to create a cash receipts journal that uses the US dollar currency.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Navigate to Finance > Cash Receipt Journals.
Click the +New link to add a new cash receipt journal.
Fill in the required fields including the currency field.
