mb-310 Free Practice Test

An organization acquires a building. You need to register-and record the building as an asset building in Dynamics 365 Finance and Operations. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

1. A. Select an acquisition transaction type within a fixed asset journal.
2. B. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal.
3. C. Use the sales order process to acquire the asset.
4. D. Eliminate the project to a fixed asset.
5. E. Create a sales invoice to record and register the fixed asset.

Correct Answer: ABD

A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.
You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation,
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and
arrange them in the correct order.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

Solution:


Does this meet the goal?

1. A. Yes
2. B. No

Correct Answer: A

A client observes that some customers are late paying their invoices. The client wants to use the Credit and Collections functionality to send collection letters to customers.
need to configure the system to support collection letter functionality and processing.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

Solution:
References:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/collection-letters/

Does this meet the goal?

1. A. Yes
2. B. No

Correct Answer: A

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.

1. A. For new employees, use a Credit accrual schem
2. B. In the ledger accrual, set the offset to the first day of the fiscal year.
3. C. For current employees, use a Credit accrual schem
4. D. In the ledger accrual, set the offset to the employee’sfirst pay date.
5. E. For new employees, use a Debit accrual schem
6. F. In the ledger accrual, set the offset to the employee’s first pay date.
7. G. For current employees, use a Debit accrual schem
8. H. In the ledger accrual, set the offset to the first day of the fiscal year.

Correct Answer: BD

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.

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

Does this meet the goal?

1. A. Yes
2. B. No

Correct Answer: A