MB-310 practice questions 51–60

1. Question 51 · 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: Create budget plans for multiple scenarios. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: A

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2. Question 52 · 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: Set up posting definitions for purchase requisitions. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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3. Question 53 · 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 a posting definition for purchase orders. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: A

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4. Question 54 · 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: Create budget plans to define the revenues for a budget. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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5. Question 55 · 205 in bank

   Select 2

   A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee's pay. Transactions for new employees must be recognized in the general ledger based upon the employee's first pay date. You need to configure accrual schemes for the new fiscal year. Which two configurations should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

   • AFor new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
   • BFor current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date.
   • CFor new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee's first pay date.
   • DFor current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.

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   Answer: CD

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6. Question 56 · 205 in bank

   A customer uses Dynamics 365 Finance to manage budgets. You review a customer's budget funds available calculation and discover that the budget amounts posted two weeks ago are not reflected in the budget control check on a purchase order. You verify that budget control is set to active. You need to determine why the budget posted two weeks ago is not reflecting correctly. What should you do?

   • AVerify that available budget funds are configured appropriately.
   • BPost a budget transfer to add the correct funds.
   • CVerify whether budget plans are still in draft status.
   • DCompare the budget control active date to the date of the posted register entries to verify that it was active at the time of posting.

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   Answer: D

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7. Question 57 · 205 in bank

   A company signs a four-year contract for an IT support project. The manager wants to know how the revenue amounts will be allocated across the four-year period. You need to implement a revenue schedule to determine the revenue amounts for each month. Which setup should you use?

   • A60 months
   • B48 months
   • C4 years
   • D4 months

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   Answer: B

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8. Question 58 · 205 in bank

   A company uses Microsoft Dynamics 365 Finance. The company purchases, creates, and acquires fixed assets by using purchase orders. The system must acquire the fixed asset when a vendor invoice is posted. You need to process the transaction. What should you do?

   • ASelect a procurement category in a purchase order line and leave the fixed asset group blank.
   • BManually create a fixed asset before the fixed asset number is added to the purchase order.
   • CLeave the fixed asset number blank on the purchase order.
   • DRun a fixed asset acquisition proposal before a fixed asset number can be added to a purchase order.

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   Answer: B

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9. Question 59 · 205 in bank

   You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor. Which tasks can this vendor perform?

   • AActivate or inactivate the association between a contact person and a vendor account.
   • BDelete any contact person that they have created.
   • CView and modify contact person information, such as the person's title, email address, and telephone number.
   • DView consignment inventory.

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   Answer: D

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10. Question 60 · 205 in bank

    Select 3

    A company configures budget controls at the beginning of the year. Which three budget control transaction actions occur when the budget control is turned off mid-year. Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

    • AActivities are unrecorded for budget control purposes.
    • BBudget register entries that have been posted after budget control is turned off will not be considered for budget control.
    • CPosted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control.
    • DBudget checks are performed.
    • EYou can view the budget reporting through financial reports.

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    Answer: ABC

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MB-310 practice, question 51. 205 questions available.