MB-310 practice questions 121–130

1. Question 121 · 205 in bank

   Select 3

   A client needs guidance on month-end closing procedures. The client needs to be able to stop all teams except Accounts payable and General ledger from posting transactions for the month. You need to configure Dynamics 365 Finance to allow only those two teams to transact during the period being closed. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • ACreate an access group called month end access for Accounts payable and General ledger team members.
   • BSet all modules to none to prevent any transactions from being posted.
   • CConfigure the financial period close workspace tasks to the Accounts payable and General ledger teams only
   • DMove the period status to on hold for your client's one legal entity.
   • EAssign the security group month end access on the ledger calendar form for the modules they need access to.

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   Answer: ACE

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2. Question 122 · 205 in bank

   Select 2

   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.

   • ASet the value of the override date field at the legal entity level to be more restrictive.
   • BSet the value of the override date field at the shared level to be more restrictive.
   • CSet the value of the override date field at the legal level to be less restrictive.
   • DSet the value of the override date field at the shared level to be less restrictive.

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   Answer: AD

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3. Question 123 · 205 in bank

   A company uses Dynamics 365 Finance for its budget control processes. The default over-budget option for all user groups is Prevent over budget processing. A purchasing agent must create a purchase order with multiple lines. However, when the agent adds the last line, an error appears that states that the financial dimension value is over budget. You need to configure the system so the purchasing agent can process purchase orders with this financial dimension value. What should you do?

   • ACreate a new user group for the purchasing agent and define a rule where the group has a budget threshold less than 100.
   • BCreate a new user group for the purchasing agent and define user group permissions to prevent over-budget processing.
   • CDefine the collection of financial dimensions to pool the budgets for a secondary budget check.
   • DCreate a new user group for the purchasing agent and define user group permissions to allow over-budget processing.

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   Answer: B

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4. Question 124 · 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. 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?

   • AYes
   • BNo

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   Answer: B

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5. Question 125 · 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. 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 two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: A

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6. Question 126 · 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. A company uses Dynamics 365 Finance. The customer payment journal must only be available for selection by the accounts receivable user group. You need to configure the accounts receivable journal name to meet the requirement. Solution: Configure the journal control. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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7. Question 127 · 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. A company uses Dynamics 365 Finance. The customer payment journal must only be available for selection by the accounts receivable user group. You need to configure the accounts receivable journal name to meet the requirement. Solution: Configure blocking and select private for the user group value. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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8. Question 128 · 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. 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 one account structure for expense accounts and apply advanced rules. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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9. Question 129 · 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. A company uses Dynamics 365 Finance. The customer payment journal must only be available for selection by the accounts receivable user group. You need to configure the accounts receivable journal name to meet the requirement. Solution: Configure the journal approval. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: A

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10. Question 130 · 205 in bank

    A company uses Dynamics 365 Finance for budget control. The company completes the budget control setup and activates the feature. The budget register entries that were posted before turning on budget control are not included in the list of entries. You need to include the entries posted before budget control was activated. What should you do?

    • ADeactivate budget control and set it up again
    • BManually trigger a budget control check
    • CUpdate the balances for budget raiser entries that were excided.
    • DUse budget control data maintenance to reprocess the entries.

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    Answer: A

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MB-310 practice, question 121. 205 questions available.