MB-310 practice questions 11–20

1. Question 11 · 205 in bank

   You need to identify the posting issue with sales order 1234. What should you do?

   • ACorrect the recognition basis.
   • BCorrect the recognition convention.
   • CValidate that the revenue recognition schedule is populated on the sales order line.
   • DValidate that the revenue recognition schedule is populated on the sales order header.
   • EUpdate the revenue price allocation.

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   Answer: C

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2. Question 12 · 205 in bank

   You need to ensure the promotional gifts are posted to the correct account. What should you use?

   • AField groups
   • BClassification groups
   • CCustomer credit groups
   • DItem groups
   • EBank groups

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   Answer: B

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3. Question 13 · 205 in bank

   You need to adjust the sales tax configuration to resolve the issue for User3. What should you do?

   • ACreate multiple settlement periods and assign them to the US tax vendor.
   • BCreate multiple sales tax remittance vendors and assign them to the settlement period.
   • CRun the payment proposal to generate the sales tax liability payments.
   • DCreate a state-specific settlement period and assign the US tax vendor to the settlement period.

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   Answer: D

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4. Question 14 · 205 in bank

   Select 2

   You need to configure budget planning for Alpine Ski House Corporate. Which two components should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • Abudget control workflow
   • Bbudget planning hierarchy
   • Corganizational hierarchy
   • Doperational budget register entry
   • Ebudget planning workflow

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   Answer: BE

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5. Question 15 · 205 in bank

   Select 3

   You need to correct the sales tax setup to resolve User5's issue. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • APopulate the sales tax code on the sales order line.
   • BAssign the sales tax group to CustomerY.
   • CAssign the relevant sales tax code to both the sales tax and item sales tax groups.
   • DPopulate the item sales tax group field on the sales order line.
   • EPopulate the sales tax group field on the sales order line.

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   Answer: CDE

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6. Question 16 · 205 in bank

   Select 3

   You are configuring budgeting components in Dynamics 365 Finance. You need to configure multiple budgets. What are three budgeting options you can use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • ACost management budget, including Production and Resource groups
   • BSales budget, including Campaigns and Events
   • CWorkforce budget, including Compensation groups and Positions
   • DProject budget, including Items and Fees
   • ELedger budget, including Revenue and Expense types

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   Answer: CDE

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7. Question 17 · 205 in bank

   You need to prevent the issue from reoccurring for User5. What should you do?

   • AUse the audit list search query type.
   • BSet up the aggregate query type for entertainment expenses.
   • CSet up the sampling query type for entertainment expenses.
   • DAdd more keywords to the audit policy.

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   Answer: D

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8. Question 18 · 205 in bank

   You need to configure Accounts Receivable to take pre-orders. Which feature should you use?

   • ASettle cloud transactions
   • BAccounting source explorer
   • CSettle open transactions
   • DCustomer aging report
   • EVoucher transactions

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   Answer: C

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9. Question 19 · 205 in bank

   Select 2

   You need to determine the cause of the issue that User1 reports. What are two possible causes for the issue? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • AThe account structure is in draft status.
   • BThe financial dimensions were created in the incorrect legal entity.
   • CUser1's security is incorrectly set up.
   • DThe account structure has an asterisk for all dimensions.
   • EThe account structure has quotations for all dimensions.

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   Answer: BD

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10. Question 20 · 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 No. - Set the Create closing transactions during transfer option to No. - 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 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: B

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MB-310 practice, question 11. 205 questions available.