Microsoft Dynamics 365 Finance Functional Consultant MB-310 Exam Questions in PDF

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?

HOTSPOT (Drag and Drop is not supported)

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.

Hot Area:

HOTSPOT (Drag and Drop is not supported)

A rental service company hires you to configure their system to implement accrual schemes.

You need to configure the accrual schemes for the company for both rentals and associated expenses.

Which configuration and transaction options should you use? To answer, select the appropriate options in the answer area.

Note: Each correct selection is worth one point.

Hot Area:

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.

HOTSPOT (Drag and Drop is not supported)

A client plans to use the cost accounting module in Dynamics 365 Finance.

You need to associate the correct definitions to the correct cost accounting concepts.

Which terms match the definitions? To answer, select the appropriate configuration in the answer area.

Note: Each correct selection is worth one point.

Hot Area:

An organization uses Dynamics 365 Finance.

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?

HOTSPOT (Drag and Drop is not supported)

A client plans to use Dynamics 365 Finance for year-end 1099 reporting in the United States.

You are viewing a vendor master data record on the 1099 FastTab.



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:

A legal entity has locations and customers in multiple states within the United States.

You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location.

Which three settings must you configure? Each correct answer presents part of the solution.

Note: Each correct selection is worth one point.