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MB-310 - Microsoft Dynamics 365 for Finance and Operations- Financials (beta) - Dump Information

Vendor : Microsoft
Exam Code : MB-310
Exam Name : Microsoft Dynamics 365 for Finance and Operations- Financials (beta)
Questions and Answers : 64 Q & A
Updated On : Click to Check Update
PDF Download Mirror : MB-310 Brain Dump
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MB-310 Questions and Answers

MB-310


QUESTION: 59

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.

periods to a status of On Hold. Does the solution meet the goal?


  1. Yes

  2. No


Answer: B


References:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-

ledger/year- end-close


QUESTION: 62

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. when financial dimensions need to default from the main account onto an invoice

  2. when using encumbrance accounting for purchase orders

  3. when the system needs to automatically post a transaction to the accounts receivable

    account on invoice posting

  4. when creating one offset ledger entry based on transaction type


Answer: B


References:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-

ledger/posting-definitions

QUESTION: 63

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.

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: Select

Consolidate with import. Does the solution meet the goal?


  1. Yes

  2. No


Answer: B


References:

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


QUESTION: 64

You are the controller for an organization. The company purchased six service trucks.

You observe that youraccountant set up Fixed assets – vehicles in the wrong fixed asset group.

You need to achieve the following:

•Change the fixed asset group so that the existing fixed asset transactions for the original

fixed asset are

•canceled and regenerated for the new fixed asset.

•Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any information

•that was set up for the original fixed asset is copied to the new fixed asset.

•Close the old fixed asset number in the old fixed assets group and create a new fixed

asset number in the new fixed assets group.

•Ensure that the historical transactions are transferred to the new fixed asset.

•Ensure Historical Depreciation expense entries do not change. What should you do?


  1. Reclassify the fixed asset

  2. Change the fixed asset group and keep the same fixed asset number

  3. Copy the fixed asset

  4. Transfer the fixed asset

Answer: A


References:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-

assets/tasks/reclassify-fixed-assets


Microsoft MB-310 Exam (Microsoft Dynamics 365 for Finance and Operations- Financials (beta)) Detailed Information

Microsoft Certification Program benefits
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Microsoft Certification is an industry standard that is recognised worldwide. After you earn your Microsoft Certification, you have access to a number of benefits, which can be found on your benefits and exams dashboard.
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Because online benefits are available only to eligible Microsoft Certification Program members, you must enter your Microsoft account credentials to access your online benefits. After your account is authenticated, you will be redirected to the page you are trying to access.
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You will be asked to create an Access Code (which can be changed at any time) and given a Transcript ID. You will then provide these two codes to your selected audience, along with a URL to view your transcript.
Q. I have certifications from multiple providers; can I combine all my credentials into one transcript?
Microsoft has worked with the IT Certification Council (ITCC), along with other industry certification providers, to provide MCPs with the opportunity to create one transcript across providers. Under the Transcript section of the benefits and exams dashboard, click Create a multi-vendor transcript. You will then be asked to provide your transcript sharing codes. The transcript sharing code can be found by clicking Share your transcript.
Q. What if I cannot print or access my transcript?
If you cannot print or access your transcript, contact your Microsoft Regional Service Centre.
To ensure a prompt response:
Use the email address associated with your Microsoft Certification ID (MC ID), if possible.
Have your Microsoft Certification ID number available.
If you do not know your Microsoft Certification ID, have other information available, such as your address, telephone number, exam numbers and completion dates.
Q. I viewed my transcript but it is missing data. Why can't I see all my data?
It can take up to two weeks for Microsoft to receive and process your exam records. If it has been more than two weeks since you took your exam, and the results still do not appear on your transcript, or if you notice any other problems, contact your Microsoft Regional Service Centre.
Training and certification from Microsoft
Fulfill your potential and make the most of your investment in Microsoft technology with certification, classroom training, e-learning, and books from Microsoft and Microsoft Learning Partners.
Certifications
A Microsoft Certification validates your expertise in a Microsoft technology. As a Microsoft Certified Professional, you’ll have access to community resources and tools that allow you to exchange ideas with peers, increase your knowledge and skills, and broaden your career opportunities.
Microsoft Certified Trainers
Microsoft Certified Trainers (MCTs) are classroom and e-learning instructors, training and certification consultants, authors, conference presenters, and user group leaders who combine their expertise, experience, and passion for training and leadership to help Microsoft customers and partners realize their full learning potential.
Microsoft Learning Partners
Microsoft Partners with the Learning competency (Learning Partners) are training companies that meet stringent Microsoft qualifications to train IT professionals and developers on Microsoft technologies.
Microsoft Imagine Academy
The Microsoft Imagine Academy program connects the world of education to the world of work by enabling faculty and students to acquire new technology skills in an academic setting.
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