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Pass the Microsoft Financials Functional Consultant Associate MB-310 Questions and answers with ValidTests

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Viewing questions 21-30 out of questions
Questions # 21:

You need to validate the sales tax postings for Tennessee and Alabama.

Which tax selections meet the requirement? To answer. select the appropriate options in the answer area

NOTE: Each correct selection is worth one point.

Question # 21

Options:

Expert Solution
Questions # 22:

You need to identify the posting issue with sales order 1234.

What should you do?

Options:

A.

Correct the recognition basis.

B.

Validate that the revenue recognition schedule is populated on the sales order header.

C.

Update the revenue price allocation.

D.

Validate that the revenue recognition schedule is populated on the sales order line.

E.

Correct the recognition convention.

Expert Solution
Questions # 23:

You need to prevent prohibited expenses from posting.

Which configurations should you use? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 23

Options:

Expert Solution
Questions # 24:

You need to configure recognition.

Which revenue type is associated with the line of business? To answer, drag the appropriate revenue types to the correct lines of business. Each revenue type may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.

NOTE: Each correct selection is worth one point.

Question # 24

Options:

Expert Solution
Questions # 25:

You need to address the employees issue regarding expense report policy violations.

Which parameter should you use?

Options:

A.

Validate expense purpose

B.

Pre-authorization of travel is mandatory

C.

Evaluate expense management policies

D.

Policy rule type

Expert Solution
Questions # 26:

You need to configure the system to meet the fiscal year requirements. What should you do?

Options:

A.

Add an additional period to ledger calendars.

B.

Add an additional fiscal years

C.

Divide the twelfth period.

D.

Create a new fiscal calendar

E.

Create a closing period

Expert Solution
Questions # 27:

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

Options:

A.

Classification groups

B.

Item groups

C.

Field groups

D.

Customer credit groups

E.

Bank groups

Expert Solution
Questions # 28:

You need to configure credit card processing for all three companies.

Which option should you use? To answer, select the appropriate options in the answer area

NOTE: Each correct selection is worth one point.

Question # 28

Options:

Expert Solution
Questions # 29:

You are a Dynamics 365 Finance consultant. You plan to configure the allocation base, cost behavior, and

cost distribution.

Which three actions do these configurations accomplish? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

Options:

A.

Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.

B.

Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed,

or square footage that is occupied.

C.

Spread the balance of the cost from one cost object to one or more other cost objects by applying a

relevant allocation base.

D.

Control which journals can be used in the costing process.

E.

Classify costs according to their behavior in relation to changes in key business activities.

Expert Solution
Questions # 30:

An organization uses Dynamics 365 for Finance and Operations.

Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting.

You need to prevent these invalid combinations.

What should you do?

Options:

A.

Associate the correct main accounts to that financial dimension on the financial dimension setup form.

B.

Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.

C.

Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.

D.

Configure the account structure to specify which financial dimensions are valid for which main accounts.

Expert Solution
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