mb-310 Free Practice Test

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.
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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:
< > >< > >< > >< > >Solution:
< > >- >- >- >< > >- >- >- > >

1. A. Yes
2. B. No

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

You are configuring intercompany accounting for a multicompany enterprise. You need to set up: the Due to and Due from accounts.
Which main account type should you use?

1. A. Expense
2. B. Asset
3. C. Balance sheet
4. D. Liability
5. E. Profit and loss

Correct Answer: C
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/intercompany-accou

A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor.
The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.
You need to configure the system in the most efficient manner to achieve these requirements. What should you do?

1. A. Configure a company matching policy of a three-way match.
2. B. Configure a company matching policy of two-way matching and specify the items that require a three-way match.
3. C. Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.
4. D. Configure a company matching policy of non-required and specify the items that require a three-way match.
5. E. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.

Correct Answer: C
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-acco

You are configuring Dynamics 365 for Finance and Operations,
You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions?

1. A. Accounts payable, Ban
2. B. Budget Fixed assets, and Payroll
3. C. Accounts payable, Accounts receivable, Budget, and Fixed, assets
4. D. Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
5. E. Accounts payable, Accounts receivabl
6. F. Ban
7. G. Budget, Payroll, and Purchasing

Correct Answer: D

A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.
You need to configure the client's system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:
• Include the main account and all four dimensions.
• Include the main account and only the business unit and cost center dimensions. What should you configure?

1. A. two account structures
2. B. all financial dimensions by using the group dimension functionality
3. C. two financial dimension sets
4. D. two derived financial dimension hierarchies

Correct Answer: C