Free Microsoft MB-310 Exam Dumps and MB-310 Exam Questions

Question No: 11

MultipleChoice

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne.

To complete this task, sign in to the Dynamics 365 portal.

Options

ANavigate to System administration > Security > Assign users to roles
*Select the 'Accountant Closing' role.
*Click the ''Manually assign / exclude users'' button
*Select the Theresa Jayne user account and click the ''Assign to role'' button.
*Click the ''Assign organizations'' button
*Select the ''Grant access to specific organizations'' option
*Select the USMF legal entity and click the ''Grant'' button.

BNavigate to System administration > Security > Assign users to roles
*Select the 'Accountant Closing' role.
*Click the ''Manually assign / exclude users'' button
*Select the ''Grant access to specific organizations'' option
*Select the USMF legal entity and click the ''Grant'' button.

Question No: 12

MultipleChoice

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder.

To complete this task, sign in to the Dynamics 365 portal.

Options

ANavigate to Tax > Declarations > Report sales tax for settlement period.
Enter the 'From' date.
Select the settlement period (Quarter).
Click 'OK'.
Select Yes in the Create electronic tax document field.
Select the Downloads\Report folder and file format.
Click 'OK'.

BNavigate to Tax > Declarations > Report sales tax for settlement period.
Enter the 'From' date.
Select the settlement period (Quarter).
Click 'OK'.
Select Yes in the Create electronic tax document field.
Click 'OK'.

Question No: 13

MultipleChoice

A client uses the standard trial balance in Dynamics 365 Finance.

The client has the following requirements:

* ability to run the trial balance by main account, department, and division

* ability to run the trial balance by just main account and department

You need to ensure that these options are visible in the trial balance report parameters.

What should you configure?

Options

Aledger validation

Bfinancial dimensions for department and division

Cfinancial dimension sets

Daccount structure

Question No: 14

MultipleChoice

SIMULATION

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.

Options

AYou need to configure an Inventory Model Group for the new products.
*For inventory model groups, navigate to Inventory management | 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.

BYou 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.

Question No: 15

MultipleChoice

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.

To complete this task, sign in to the Dynamics 365 portal.

Options

AClick General ledger > Reports > Transactions > Trial Balance
*Enter the Start and End dates for the report.
*Click Destinations ... to specify how you want to 'print' the report.
*Select File as the destination.
*Select the Downloads\Trial folder for the location.
*Select Microsoft Excel for the file format.
*Click OK to close the 'Print destination settings' form.
*Click OK to 'print' (save) the report to the selected destination.

BA. Click General ledger > Reports > Transactions > Trial Balance
*Enter the Start and End dates for the report.
*Click Destinations ... to specify how you want to 'print' the report.
*Select Microsoft Excel for the file format.
*Click OK to close the 'Print destination settings' form.
*Click OK to 'print' (save) the report to the selected destination.

Question No: 16

MultipleChoice

SIMULATION

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.

Options

AYou 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.

BYou 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.
*Click the Save button to save the changes.

Question No: 17

MultipleChoice

You are a Dynamics 365 Finance consultant.

You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system.

You need to resolve the issue.

What should you configure?

Options

AFinancial reporting

BFinancial insights workspace

CElectronic reporting

DFinancial period close workspace

Question No: 18

MultipleChoice

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.

Options

ACancel the collection letters after they are created and posted.

BPrint all of the collection letters.

CDelete the collection letters after posting when an error occurs.

DPost the collection letters.

Question No: 19

MultipleChoice

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

USMF recently opened a new bank account in the Brazilian currency.

You need to create a new bank account in the system for the new bank account.

To complete this task, sign in to the Dynamics 365 portal.

Options

A1. Create a new bank account at Cash and bank management > Bank accounts > Bank accounts.
2. Complete all required fields. The following list includes some fields that might be required.
* Bank account (code)
* Bank account number
* Main account - This is the general ledger account that is used for posting.
* Currency
* SWIFT code
3. Enter Brazil-specific information:
* Select Bank in the Bank groups field. Confirm that the BIC and Corr. Bank account fields are correct. Also, confirm Address and Contact information on respective FastTabs and update accordingly.
* Define the number series for payment order generation in the P/O numeration field.
* For bank accounts in foreign currency, you can also define .docx templates for generation of payment orders in paper format in the following fields: Payment order in currency, Order template (currency sale), and Order template (currency purchase).

B1. Create a new bank account at Cash and bank management > Bank accounts > Bank accounts.
2. Complete all required fields. The following list includes some fields that might be required.
* Bank account (code)
* Bank account number
* Main account - This is the general ledger account that is used for posting.
* Currency
3. Enter Brazil-specific information:
* Select Bank in the Bank groups field. Confirm that the BIC and Corr. Bank account fields are correct. Also, confirm Address and Contact information on respective FastTabs and update accordingly.
* For bank accounts in foreign currency, you can also define .docx templates for generation of payment orders in paper format in the following fields: Payment order in currency, Order template (currency sale), and Order template (currency purchase).

Question No: 20

MultipleChoice

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.

A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions.

The client has the following requirements:

* Only expense accounts require dimensions posted with the transactions.

* Users must not have the option to select dimensions for a balance sheet account.

You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.

Solution: Configure default financial dimensions on expense accounts only.

Does the solution meet the goal?

Options

Ayes

Bno