Free Download MB-310 Examp Dump: Microsoft.MB-310.VCEplus.2020-02-08.57q.vcex

Question 1

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 configuring the year-end setup in Dynamics 365 for Finance and Operations.

You need to configure the year-end setup to meet the following requirements:

The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.
The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
All dimensions from profit and loss must carry over into the retained earnings.
All future and previous periods must have an On Hold status.

Solution:

Configure General ledger parameters.
- Set the Delete close of year transactions option to Yes.
- Set the Create closing transactions during transfer option to Yes.
- Set the Fiscal year status to permanently closed option to No.
Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions' option to Close All. Set future Ledger periods to a status of On Hold.

Does the solution meet the goal?

Yes
No

Correct answer: A

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

Question 2

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 configuring the year-end setup in Dynamics 365 for Finance and Operations.

You need to configure the year-end setup to meet the following requirements:

The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.
The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
All dimensions from profit and loss must carry over into the retained earnings.
All future and previous periods must have an On Hold status.

Solution:

Configure General ledger parameters.
- Set the Delete close of year transactions option to Yes.
- Set the Create closing transactions during transfer option to Yes.
- Set the Fiscal year status to permanently closed option to Yes.
Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to Yes.
- Set the Transfer profit and loss dimensions' option to Close All. Set future Ledger periods to a status of On Hold.

Does the solution meet the goal?

Yes
No

Correct answer: B

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

Question 3

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 configuring the year-end setup in Dynamics 365 for Finance and Operations.

You need to configure the year-end setup to meet the following requirements:

The accounting adjustments that are received in the first quarter must be able to be posted in to the previous year's Period 13.
The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions.
All dimensions from profit and loss must carry over into the retained earnings.
All future and previous periods must have an On Hold status.

Solution:

Configure General ledger parameters.
- Set the Delete close of year transactions option to No.
- Set the Create closing transactions during transfer option to No.
- Set the Fiscal year status to permanently closed option to No.
Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to No.
- Set the Transfer profit and loss dimensions' option to Close All. Set future Ledger periods to a status of On Hold.

Does the solution meet the goal?

Yes
No

Correct answer: B

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

Question 4

You are implementing a Dynamics 365 for Finance and Operations General ledger module for a client that has multiple legal entities.

The client has the following requirements:

Post journal entries for all companies from one legal entity.
Configure automatic creation of due to/due from transactions based on when LegalEntityA transacts with LegalEntityB.
Automatically split the dollar amount in half between DimensionA and DimensionB when the journal is posted.
Set up fixed or variable allocations, and then review the allocations in a journal before posting.
Automatically post year-end results to account 30016 during year-end close.

You need to configure the system.

Which system capability should you configure? To answer, select the appropriate configuration in the answer area.

NOTE: Each correct selection is worth one point.

Correct answer: To work with this question, an Exam Simulator is required.

Explanation:

Question 5

A company is preparing to complete a year-end close process.

You need to configure the Dynamics 365 for Finance and Operations General ledger module.

Which three configurations must you use? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Configure the Fiscal year close parameters
Configure the ledger calendar for the new fiscal year
Configure the transfer balance
Validate the main account type
Create the next fiscal year

Correct answer: ADE

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

Question 6

A client has unique accounting needs that sometimes require posting definitions.

You need to implement posting definitions.

In which situation should you implement posting definitions?

when financial dimensions need to default from the main account onto an invoice
when using encumbrance accounting for purchase orders
when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
when creating one offset ledger entry based on transaction type

Correct answer: B

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/posting-definitions

Question 7

An organization is setting up a cost accounting.

You need to set up fiscal calendars for Dynamics 365 for Finance and Operations.

What are three uses for fiscal calendars? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

standard work hours
financial transactions
fixed asset depreciation
budget cycles
shift work hours

Correct answer: BCD

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal-years-periods

Question 8

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.

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

Correct answer: BDE

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/reconcile-bank-statements-advanced-bank-reconciliation

Question 9

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?

Fixed percentage
Fixed weight
Equally
Basis

Correct answer: D

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/ledger-allocation-rules

Question 10

A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations.

You need to set up cost versions and prices to accomplish the manufacturer's goal.

For which purpose should you use each costing type? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Correct answer: To work with this question, an Exam Simulator is required.

Explanation:

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions

Exam	Microsoft Dynamics 365 for Finance and Operations, Financials
Number	MB-310
File Name	Microsoft.MB-310.VCEplus.2020-02-08.57q.vcex
Size	5 MB
Posted	Feb 08, 2020
Download	Microsoft.MB-310.VCEplus.2020-02-08.57q.vcex

Download Microsoft.MB-310.VCEplus.2020-02-08.57q.vcex

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