Pass Microsoft : How Can I Pass New MB-310 Exam Microsoft Dynamics 365 Finance?

If this is your first time passing the Microsoft mb-310 exam, I strongly recommend that you first understand the materials for the mb-310, from Microsoft official resources (Microsoft Learn) or community member resources (online courses and blogs, all on it) Listed in the link below). If you can, get Microsoft Dynamics 365 Finance mb-310 dumps and practice what you have learned.Accurate exam questions help you pass the mb-310 exam! https://www.pass4itsure.com/mb-310.html Pass4itsure.com providing 100% accurate mb-310 exam questions which is related to Microsoft Dynamics 365 Finance certification and the exam name is Microsoft Dynamics 365 Finance exam.

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What are the new Microsoft Dynamics 365 Finance?

See below changes as of November 1, 2019

Set up and configure financial management (35-40%)

  • Implement and configure financial modules
  • Configure and apply accrual schemes
  • Configure cash flow reports•configure the letter of credit and letter of guarantee templates•set up intercompany accounting create and
  • Configure account structures
  • Configure other modules including cash and bank management and budgeting,credit and collections, audit workbench, and consolidations
  • Implement posting definitions

Implement and test advanced features

implement posting definitions

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Download free practice tests MB-310 pdf dumps: Microsoft Dynamics 365 Finance https://drive.google.com/open?id=1pW5k-erHxAOy9M8Wdyed2ok3mZioCJs6

MB-310 Exam Question Dumps – #Pass4itsure Features

Exam Code: MB-310

Exam Name: Microsoft Dynamics 365 Finance

Certification: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate

Total Questions: 62 Questions Answers

Latest Updated: Dec 06, 2019

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They have 62 questions that are accurate and have a 100% success rate. Before purchasing this exam, here are some of their demo exercises for you to practice for free.

Free practice tests MB-310: Microsoft Dynamics 365 Finance

QUESTION 1
You are setting up main accounts in Dynamics 365 for Finance and Operations.
You need to configure the main accounts to meet the requirements.
Which options should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:

Pass4itsure MB-310 exam questions-q1

Correct Answer:

Pass4itsure MB-310 exam questions-q1-2

QUESTION 2
A client is using the budget planning process in Dynamics 365 for Finance and Operations.
Your client requires the ability to plan for a one-year, three-year, and five year-budget. You need to configure the
various year length options to be used in the budgeting module. What should you do?
A. Configure budget control
B. Configure budget codes
C. Configure budget cycles
D. Configure budget allocation terms
Correct Answer: B

QUESTION 3
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?
A. Fixed percentage
B. Fixed weight
C. Equally
D. Basis
Correct Answer: D
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/ledgerallocation-rules

QUESTION 4
A company plans to use Dynamics 365 for Finance and Operations.
You need to configure basic budgeting.
Which set of actions must you perform?
A. Define a budget journal Define budgeting parameters and number sequences Create budget models Define budget
codes Create budgeting workflows
B. Define a budget journal Define budgeting parameters and number sequences Define rules for budget transfers
Create budget models Define budget codes
C. Define budget exchange rate types Define budgeting parameters and number sequences Define budgeting
dimensions Create budget models
D. Define a budget journal Define budgeting parameters and number sequences Define budgeting dimensions Create
budget models Define budget codes
Correct Answer: D
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/basic-budgetingoverview-configuration

QUESTION 5
Use the drop-down menus to select the answer choice that answers each question based on the information presented
in the graphic. NOTE: Each correct selection is worth one point.
Hot Area:

Pass4itsure MB-310 exam questions-q5

Correct Answer:

Pass4itsure MB-310 exam questions-q5-2

QUESTION 6
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?
A. Yes
B. No
Correct Answer: B
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

QUESTION 7
An organization uses Dynamics 365 for Finance and Operations.
Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect
financial reporting.
You need to prevent these invalid combinations.
What should you do?
A. Configure the account structure to specify which financial dimensions are valid for which main accounts.
B. Train users to select the Validate button in the current journal configuration so that the correct account and dimension
combination is used.
C. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.
D. Associate the correct main accounts to that financial dimension on the financial dimension setup form.
Correct Answer: A
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/configureaccount-structures

QUESTION 8
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?
A. Profit and loss
B. Expense
C. Balance sheet
D. Liability
E. Asset
Correct Answer: C
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/intercompanyaccounting-setup

QUESTION 9
You are configuring the Fixed assets module for a Dynamics 365 Finance and Operations environment.
You need to set up the basic configuration to create a fixed asset.
Which three settings are required? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. the property type
B. the group
C. the number sequence
D. the type
E. the name
Correct Answer: BCE
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/create-fixedasset

QUESTION 10
You create a financial dimension set named MA + DEPT + PROJ as shown in the following screenshot. The financial
dimension set includes the following dimensions:
Main Account Department Project

Pass4itsure MB-310 exam questions-q10

Use the drop-down menu to select the answer choice that answers each question based on the information presented in
the graphic.
Hot Area:

Pass4itsure MB-310 exam questions-q10-2

Correct Answer:

Pass4itsure MB-310 exam questions-q10-3

QUESTION 11
An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15th of every
month in the amount of $450.00.
You need to set up, configure, and process recurring free text invoices for the customers.
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.
Select and Place:

Pass4itsure MB-310 exam questions-q11

Correct Answer:

Pass4itsure MB-310 exam questions-q11-2

References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-upprocess-recurring-invoices

QUESTION 12
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant
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?
A. Reclassify the fixed asset
B. Change the fixed asset group and keep the same fixed asset number
C. Copy the fixed asset
D. Transfer the fixed asset
Correct Answer: A
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassifyfixed-assets

QUESTION 13
A company sells goods to a customer. You enter an invoice for the customer on June 25. The invoice is eligible for a
cash discount of two percent if it is paid in five days, and a discount of one percent if it paid in 14 days.
You need to create a payment journal when the invoices are settled on specific dates.
Which setup options should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:

Pass4itsure MB-310 exam questions-q13

Correct Answer:

Pass4itsure MB-310 exam questions-q13-2

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Exam MB-310 Microsoft Dynamics 365 Finance Dumps {Youtube}

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