MB-310 practice questions 1–10

1. Question 1 · 205 in bank

   You need to recommend a solution to prevent User3's issue from recurring. What should you recommend?

   • AConfigure automatic charge codes.
   • BCreate a service item.
   • CConfigure a sales order template.
   • DCreate a procurement category.

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   Answer: A

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2. Question 2 · 205 in bank

   Which configuration makes it possible for User4 to make a purchase?

   • ABudget model configuration is configured to allow certain purchases to exceed budget.
   • BBudget is posted at the dimension level. Budget control is managed at main account level.
   • CBudget funds available are configured to allow dimension budget overrides.
   • DBudget is posted at the main account level. Budget control is managed at the department level.

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   Answer: B

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3. Question 3 · 205 in bank

   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 configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: ✑ The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13. ✑ The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. ✑ All dimensions from profit and loss must carry over into the retained earnings. ✑ All future and previous periods must have an On Hold status. Solution: ✑ Configure General ledger parameters. - Set the Delete close of year transactions option to Yes. - Set the Create closing transactions during transfer option to Yes. - Set the Fiscal year status to permanently closed option to No. ✑ Define the Year-end close template. - Designate a retained earnings main account for each legal entity. - Set the Financial dimensions will be used on the Opening transactions option to No. - Set the Transfer profit and loss dimensions option to Close All. ✑ Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: A

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4. Question 4 · 205 in bank

   You need to configure the system to meet the fiscal year requirements. What should you do?

   • AAdd an additional fiscal year.
   • BDivide the twelfth period.
   • CAdd an additional period to ledger calendars.
   • DCreate a closing period.
   • ECreate a new fiscal calendar.

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   Answer: E

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5. Question 5 · 205 in bank

   Select 3

   You need to ensure that User9's purchase is appropriately recorded. Which three steps should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • ASelect a fixed asset group at the line level.
   • BSet the new fixed asset toggle to yes at the line level.
   • CEnter three purchase order lines, enter quantity of 1.
   • DEnter one purchase order line, enter quantity of 3.
   • ESelect a financial dimension at the line level.

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   Answer: ABC

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6. Question 6 · 205 in bank

   You need to acquire the fixed assets that are associated with the purchase orders. What should you do?

   • ASelect the fixed asset checkbox on the invoice.
   • BCreate the fixed assets in the fixed asset module and then acquire the asset.
   • CCreate the fixed assets in the fixed asset module and then select the fixed asset checkbox on the product receipt.
   • DReverse the product receipt and then repost it.

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   Answer: A

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7. Question 7 · 205 in bank

   You need to identify the root cause for the error that User5 is experiencing. What should you check?

   • AFixed asset rules
   • BFixed asset determination rules
   • CFixed asset posting profiles
   • DFixed asset books
   • EFixed asset depreciation profiles

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   Answer: B

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8. Question 8 · 205 in bank

   You need to ensure that captured employee mobile receipts automatically match the transactions to resolve the User1 issue. Which feature should you enable?

   • ADefine expense policy for receipts
   • BExpense reports re-imagined
   • CExpense management workspace
   • DShow receipts during itemization

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   Answer: B

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9. Question 9 · 205 in bank

   Select 2

   You need to determine why CustomerX is unable to confirm another sales order. What are two possible reasons? Each answer is a complete solution. NOTE: Each correct selection is worth one point.

   • AThe credit limit parameter is set to Balance + All.
   • BThe credit limit is set to 0.
   • CAn inventory item is out of stock.
   • DThe inventory safety stock is set to 0.

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   Answer: AB

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10. Question 10 · 205 in bank

    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 configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: ✑ The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13. ✑ The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. ✑ All dimensions from profit and loss must carry over into the retained earnings. ✑ All future and previous periods must have an On Hold status. Solution: ✑ Configure General ledger parameters. - Set the Delete close of year transactions option to Yes. - Set the Create closing transactions during transfer option to Yes. - Set the Fiscal year status to permanently closed option to Yes. ✑ Define the Year-end close template. - Designate a retained earnings main account for each legal entity. - Set the Financial dimensions will be used on the Opening transactions option to Yes. - Set the Transfer profit and loss dimensions to Close All. ✑ Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?

    • AYes
    • BNo

    Show answer

    Answer: B

    Next question

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MB-310 practice, question 1. 205 questions available.