MB-310 practice questions 41–50

1. Question 41 · 205 in bank

   Select 3

   An organization is setting up a cost accounting. You need to set up fiscal calendars for Dynamics 365 Finance. What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • Astandard work hours
   • Bfinancial transactions
   • Cfixed asset depreciation
   • Dbudget cycles
   • Eshift work hours

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   Answer: BCD

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2. Question 42 · 205 in bank

   You need to configure the system to resolve User8's issue. What should you select?

   • Athe Standard sales tax checkbox
   • Bthe Conditional sales tax checkbox
   • Ca main account in the settlement account field
   • Da main account in the sales tax payable field

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   Answer: C

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3. Question 43 · 205 in bank

   You manage fixed assets using Microsoft Dynamics 365 Finance. You need to define capitalization thresholds. Which page should you use?

   • AMain account
   • BReleased item
   • CFixed asset posting profile
   • DFixed asset group

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   Answer: D

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4. Question 44 · 205 in bank

   Select 3

   You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements. You need to import electronic bank statements to reconcile the bank accounts. Which three actions can you perform? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • ASelect all the bank accounts for the bank statement files, and then upload all files
   • BSelect Account reconciliation on the bank account form
   • CImport bank statements from the Data management workspace
   • DNavigate to Import statement on the Bank Statements page of Cash and Bank Management
   • ESelect Import statement for multiple bank accounts in all legal entities, and then upload a zip file

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   Answer: CDE

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5. Question 45 · 205 in bank

   Select 2

   A company has many customers who are not paying invoices on time. You need to use the collection letter functionality to manage customer delinquencies. What are two possible ways to achieve the goal? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • ACancel the collection letters after they are created and posted.
   • BPrint all of the collection letters.
   • CDelete the collection letters after posting when an error occurs.
   • DPost the collection letters.

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   Answer: BD

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6. Question 46 · 205 in bank

   A company plans to allocate revenue across occurrences by using recognition basis. Which recognition basis can you use?

   • AMid-month split
   • BRevenue schedule
   • CActual start date
   • DMonthly

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   Answer: D

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7. Question 47 · 205 in bank

   A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements: ✑ Distribute overhead utility expense to each department. ✑ Define how and in what proportion the source amounts must be distributed on various destination lines. You need to configure the allocation rule. Which allocation method should you use?

   • ADistribute the source document amount equally
   • BFixed weight
   • CEqually
   • DBasis

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   Answer: D

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8. Question 48 · 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 customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of office furniture. You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed. Solution: Configure item posting groups for purchase requisitions. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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9. Question 49 · 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 is preparing to complete yearly budgets. The company plans to use the Budget module in Dynamics 365 Finance for budget management. You need to create the new budgets. Solution: Combine budgets from multiple legal entities to a master budget. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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10. Question 50 · 205 in bank

    You need to configure the financial reporting fiscal calendar for CustomerX. What should you do?

    • AUse the ledger calendar to set up the 4-5-4 calendar.
    • BConfigure the fiscal calendar to include a 13 th closing period.
    • CConfigure the ledger calendar to include a 13 th closing period.
    • DUse the closing period adjustments form.

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    Answer: D

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MB-310 practice, question 41. 205 questions available.