MB-310 practice questions 111–120

1. Question 111 · 205 in bank

   A company implements basic budgeting functionality in Dynamics 365 Finance. The company wants to allocate budget register entries for payroll expense amounts to each department based on a predetermined percentage. You need to configure the allocation. Which functionality should you use?

   • ABudget control
   • BAllocation term
   • CBudget transfer rule
   • DPeriod allocation key

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   Answer: B

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2. Question 112 · 205 in bank

   A customer implements Dynamics 365 Finance and wants to use the recurring invoice feature for accounts receivable. The recurring invoice template includes the start date and frequency. However, when the Generate recurring invoices job processes, invoices are not created despite the criteria being met. You need to ensure that invoices are generated. What should you do?

   • AAssign an invoice template to a customer on the invoice tab of the customer record.
   • BSet the maximum billing amount on the recurring invoke template.
   • CAssociate a customer to the invoice template on the invoice template form.
   • DAssign an invoice template to the customer posting profile.

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   Answer: A

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3. Question 113 · 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 manage a Dynamics 365 Finance implementation. You must provide the budget versus actual reporting in near real time. You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget. Solution: Configure an expense dimension set, expense budget threshold, revenue dimension set, and revenue budget threshold percent field values on the Configure my workspace form. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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4. Question 114 · 205 in bank

   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?

   • Asales tax code
   • Bitem group
   • Ccustomer address
   • Ditem sales tax group

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   Answer: D

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5. Question 115 · 205 in bank

   You author a budget plan template in Microsoft Word as part of the budget planning process. You attempt to upload the document to Dynamics 365 Finance and the upload fails. You need to include an entity in the budget plan template. Which entity should you include?

   • ABudgetPlanWorksheetEntity
   • BBudgetPlanJustification
   • CBudgetPlanProposed Project
   • DBudgetPlanLineFieldActiveViewMapping

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   Answer: A

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6. Question 116 · 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 manage a Dynamics 365 Finance implementation. You must provide the budget versus actual reporting in near real time. You need to configure the ledger budgets and forecasts workspace to track expenses over budget and revenue under budget. Solution: Define a budget model. Set active forecasting process to the current year forecast. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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7. Question 117 · 205 in bank

   Select 2

   A customer uses the sales tax functionality in Dynamics 365 Finance. The customer reports that when a sales order is created, sales tax does not calculate on the line. You need to determine why sales tax is not calculated. What are two possible reasons? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • AThe sales tax group is populated on the line, but the item sales tax group is missing.
   • BThe sales tax settlement account is not configured correctly.
   • CThe sales tax authority is not set up for the correct jurisdiction.
   • DThe sales tax code and item sales tax code are selected, but the sales tax group is not associated to both codes.
   • EThe sales tax group and item sales tax group are selected, but the sales tax code is not associated with both groups.

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   Answer: AE

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8. Question 118 · 205 in bank

   A company is setting up a budget control system to improve financial management. The company completes the following initial steps: • Defined financial dimensions • Set default time intervals • Configured basic budgeting parameters The company requires the budget control functionality to monitor and compare the actual expenditures to the budgeted amounts. You need to configure the budget control configuration linked to the budgeted amount so that the system can effectively monitor and compare actual expenditures to budgeted amounts. What should you do next?

   • ASpecify user groups with permissions to exceed the budget.
   • BDefine the calculation formula for budget funds available, including draft documents.
   • CAssign budget models to the budget cycle time spans.

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   Answer: B

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9. Question 119 · 205 in bank

   You are configuring Dynamics 365 Finance. Transactions are being approved for all sales transactions. This configuration results in numerous fraudulent transactions. The payment provider requires verification of the following information in order to authorize transactions: • account holder 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?

   • APostal code
   • BBilling address
   • CAlways accept transaction
   • DAccount holder

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   Answer: B

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10. Question 120 · 205 in bank

    Select 3

    A company uses the basic budgeting functionality in Dynamics 365 Finance. You need to create budget register entries. What are three possible ways to achieve this goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

    • AUse a periodic batch job to automatically prepare budget data on a recurring basis.
    • BUse the Create Budget Allocation rules page to generate periodic budget register entries.
    • CUse the Microsoft Office add-in on the Budget register entry page.
    • DManually enter the budget information on the Budget register entry page.
    • EImport budget register entries by using the Data management page.

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    Answer: ADE

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MB-310 practice, question 111. 205 questions available.