Microsoft MB-310 Microsoft Dynamics 365 Finance Functional Consultant Exam Practice Test

You create a parent budget for the next fiscal year of a parent company. The parent company is configured as its own legal entity.

Franchises are configured as separate legal entities. The parent company sets the budget for each franchise based on the past year's performance.

Ledger allocation rules, periods allocation keys, and budget allocation terms have not been created. Budget line items must be allocated to the budget for each franchise.

You need to ensure the franchise budgets are allocated.

What should you do?

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: Define a credit limit for each customer and select Mandatory credit limit check box on the Customers form.

Does the solution meet the goal?

it limit

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 the Balance + packing slip 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?

A company manufactures and installs air filtering units for industrial manufacturing plants.

The air filtering units are manufactured to order. The com

* 25 percent at the time of the sale

* 50 percent when the unit is shipped

* 25 percent when the unit is installed

Additionally, a three-year warranty is sold with covers.

You need to configure revenue recognition.

What should you do?

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?

You are contouring Dynamics 365 Finance

Transactions are being approved tor all sales transactions. This configuration results in numerous fraudulent transactions.

The payment prowler requires verification of the following information in order to authorization transaction.

* account hotter name

* billing address

* postal code

You need to configure the system to only approve transactions with a verified address. Which option should you select for credit card authorization?

A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses.

The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.

You need to configure the system to accrue use tax for the new vendor.

Which three actions should you take? Each correct answer presents part of the solution.

NOTL Each coned selection is worth one pant.