MB-310 practice questions 171–180

1. Question 171 · 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. 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 (6999) 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. ✑ For Expense Accounts (6000-6998), configure asterisks in department division, and project. Configure an asterisk and quotations in customer dimension. ✑ For Revenue accounts (4000-4999), configure asterisks in department and division. Configure an asterisk and quotations in project and customer dimensions. ✑ For Expense account (6999), configure asterisks in department division, project, and customer dimensions. ✑ Liability accounts (2000-2999) are in the second account structure with no following dimensions. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: A

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2. Question 172 · 205 in bank

   A company manufactures air filtering units for industrial manufacturing plants. During the acquisition of one of the components that is used in the unit an agreement is reached that the $25,000 component will be paid for in the following schedule: ✑ The first payment will be $10,000. ✑ The remaining balance will be distributed equally and due on the 15th of the month for the next three months. You need to configure the system for the payment schedule. What should you do?

   • AUse the Specified allocation method.
   • BEnter $25,000 in the Amount of Transaction Quantity field.
   • CSpecify a fixed quantity payment of 5.
   • DSet the Fixed allocation method Fixed Amount field for the monthly amount.

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   Answer: A

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3. Question 173 · 205 in bank

   Select 2

   A company uses Dynamics 365 Finance. The company is based in the United States and sells a product online. The product is shipped to the United States, Canada, and Mexico. The product is sourced from Brazil. Legal entities must be set up for each country/region. One ledger account must be used to track sales tax payable. You need to configure the system to track Use Tax. Which two parameters should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • Asingle sales tax code for Brazil
   • Bledger posting group
   • Csingle sales tax code for the United States
   • Dtaxation rule
   • Etax code for each legal entity

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   Answer: BE

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4. Question 174 · 205 in bank

   The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review. You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller s needs. Which functionality should you configure?

   • Aa Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger journal name
   • Ba saved query in the Voucher inquiries form for the controller to view all general journals posted to the ledger
   • Ca manual journal approval with the journal assigned to the user group that the employees are assigned to
   • Dthe controller's security rote so that he has approval privileges for General ledger journals

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   Answer: A

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5. Question 175 · 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 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 a default offset account on the journal name. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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6. Question 176 · 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 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 the journal control to specify the account structure and ledger segment. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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7. Question 177 · 205 in bank

   You use Dynamics 365 Finance for daily bank reconciliation. You must use the BAI2 bank statement format. You need to configure the import bank statement format for the bank reconciliation process. What should you do?

   • AImport the bank statement as a template for the bank statement format.
   • BSet up a batch job to import the bank statement.
   • CSet up an import project for the bank statement in a Data management workspace using files provided by Microsoft.
   • DSet up a journal name to import a bank statement transaction.

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   Answer: C

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8. Question 178 · 205 in bank

   Select 2

   You are implementing Dynamics 365 Finance. Subledger entries must transfer automatically to the general ledger. You need to configure a batch transfer rule. Which two options should you select? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point

   • AAsynchronous
   • BScheduled batch
   • CBatch jobs
   • DScheduler job

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   Answer: AB

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9. Question 179 · 205 in bank

   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 make this correction?

   • AUse the Correction amount field.
   • BOpen the fiscal pend.
   • CCreate a new line for the transaction in the closed period.
   • DCreate a new line for the transaction in an open period.

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   Answer: D

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10. Question 180 · 205 in bank

    You are implementing Dynamics 365 Finance. You commonly complete the sale of goods across international borders. You need to configure the system. What should you use?

    • Abank statements
    • Bpurchase agreement
    • Cletters of credit
    • Dpromissory note

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    Answer: C

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MB-310 practice, question 171. 205 questions available.