MB-310 practice questions 71–80

1. Question 71 · 205 in bank

   You are migrating data from a legacy system to Dynamics 365 Finance. The legacy customer master data does not include a customer grouping. Customers must be assigned to a group. You need to configure the posting profile. What should you set up?

   • Aan interest code for a group of customers
   • Ba revenue account for sales orders transactions for a group of customers
   • Cterms of payment for a group of customers
   • Da payable account for specific customers

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   Answer: A

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2. Question 72 · 205 in bank

   Select 2

   You need to ensure the budget only reflects a single annual cost of living increase for Humongous Insurance employees. What should you do? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • AAlign the calendar year to a single budget cycle.
   • BAlign a calendar year to multiple budget cycles.
   • CAlign the fiscal year to a single budget cycle.
   • DAlign the fiscal year to multiple budget cycles.

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   Answer: AB

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3. Question 73 · 205 in bank

   A company uses Dynamics 365 Finance to manage fixed assets. The company uses a legal entity for accounting and a legal entity for tax purposes. The company has 15 different fixed asset groups. The company creates a new fixed asset group named Conveyor. You create a new fixed asset that uses the Conveyor fixed asset group. The fixed asset is not associated with a legal entity. You need to ensure that both legal entities are associated with new fixed assets that you create for the Conveyor group. What should you configure?

   • Aa fixed asset posting profile
   • Ba group book setup
   • Ca new fixed asset book
   • Da new depreciation profile

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   Answer: C

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4. Question 74 · 205 in bank

   A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 Finance for cash settlements. What should you do?

   • AConfigure combined deposit amounts
   • BConfigure budget appropriations
   • CConfigure general ledger year-end close
   • DConfigure advanced ledger entries

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   Answer: A

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5. Question 75 · 205 in bank

   A client uses Dynamics 365 Finance for accounts receivable. You need to ensure that accounts receivable clerks add the wire number for electronic payments. Which item should you set up as mandatory in the method of payment?

   • Abank transaction type
   • Bpayment ID
   • Cpayment reference
   • Ddeposit slip

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   Answer: C

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6. Question 76 · 205 in bank

   Select 3

   You are using Microsoft Dynamics 365 Finance. You need to acquire a fixed asset. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

   • AUse a sales invoice.
   • BSelect a fixed asset account type and transaction type acquisition in a general journal.
   • CSelect a fixed asset procurement category on the purchase order line.
   • DUse a budget plan.
   • EEliminate an investment project once it is finished.

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   Answer: BCE

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7. Question 77 · 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 managing credit and collections. You need to set up mandatory credit limits for all customer documents. Solution: Select None as the credit type in the Accounts receivable parameters form. Select the Mandatory credit limit check box in the Customers form. Does the solution meet the goal?

   • AYes
   • BNo

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   Answer: B

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8. Question 78 · 205 in bank

   A company implements Microsoft Dynamics 365 Finance to manage fixed assets. The company adds a laptop as a fixed asset. You run a depreciation proposal. You observe that laptops are not eligible for depreciation. You need to determine why you cannot depreciate the laptops. Which feature should you review?

   • ADepreciation convention
   • BNet book value
   • CCapitalization threshold
   • DNumber sequence
   • EPosting layer

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   Answer: C

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9. Question 79 · 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 task can this vendor perform?

   • AView consignment inventory.
   • BAdd a new or existing contact person to the vendor accounts that they are a contact for.
   • CDeny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account.
   • DView and modify contact person information, such as the person's title, email address, and telephone number.

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   Answer: A

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10. Question 80 · 205 in bank

    You are implementing Dynamics 365 Finance. You configure an invoice validation policy to use three-way matching and use a three percent tolerance for invoice totals. A user enters a vendor invoice journal. The invoice validation policy is not applied. You need to troubleshoot the policy. What is the issue with the policy?

    • AValidation is only performed on vendor invoice entries.
    • BThe tolerance percentage is too high.
    • CValidation is only performed on invoice register entries.
    • DValidation is configured to check for price and quantity.

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    Answer: D

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MB-310 practice, question 71. 205 questions available.