mb-310 Free Practice Test

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?

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

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

You are configuring budgeting components in Dynamics 365 for Finance and Operations. You need to configure multiple budgets.
What are three budgeting options you can use? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

1. A. Cost management budget, including Production and Resource groups
2. B. Sales budget, including Campaigns and Events
3. C. Workforce budget, including Compensation groups and Positions
4. D. Project budget, including Items and Fees
5. E. Ledger budget, including Revenue and Expense types

Correct Answer: CDE

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?

1. A. when financial dimensions need to default from the vendor record onto an invoice
2. B. when only certain dimensions are allowed to post with certain mam account combinations
3. C. when creating multiple balanced ledger entries based on transaction types or accounts
4. D. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting

Correct Answer: D

An organization is setting up 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.

1. A. standard work hours
2. B. financial transactions
3. C. fixed asset depreciation
4. D. budget cycles
5. E. shift work hours

Correct Answer: BCD
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal-ye

A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations,
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations, They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Create a separate company in which you manually create the eliminations. Then, use that company in Financial reporting or in the consolidation process.
Does the solution meet the goal?

1. A. Yes
2. B. No

Correct Answer: A

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-eliminatio