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  3. MB-310

Microsoft MB-310 Exam (page: 7)
Microsoft Dynamics 365 Finance Functional Consultant
Updated on: 25-Dec-2025

Viewing Page 7 of 52
MB-310 PDF 408 Questions

HOTSPOT (Drag and Drop is not supported)

You need to set up legal entity currencies and conversions in Dynamics 365 Finance.

You review the hierarchy for consolidation of multiple legal entities.



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:

  1. See Explanation section for answer.

Answer(s): A

Explanation:


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/financial-consolidations-currency- translation



You are configuring account structures and advanced rules in Dynamics 365 Finance.

All balance sheet accounts require Business Unit and Department dimensions.

The Shareholder distribution account requires an additional dimension for Principal.

You need to set up the account structures.

What are two possible ways to achieve the goal? Each correct answer presents a complete solution.

Note: Each correct selection is worth one point.

  1. Create a new main account for each of the company's principals. Then, create an account structure for all balance sheet accounts that includes the required dimension.
  2. Create a new main account for Shareholder distribution. Add an advanced rule for the Principal dimension.
  3. Create an account structure for all the balance sheet accounts. Set up an advanced rule for the Shareholder distribution account for the Principal dimension.
  4. Create an account structure for balance sheet accounts without Shareholder distribution. Then, create a second account structure for Shareholder distribution that includes all required dimensions.

Answer(s): C,D


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures



A client uses the standard trial balance in Dynamics 365 Finance.

The client has the following requirements:

ability to run the trial balance by main account, department, and division ability to run the trial balance by just main account and department

You need to ensure that these options are visible in the trial balance report parameters.

What should you configure?

  1. ledger validation
  2. financial dimensions for department and division
  3. financial dimension sets
  4. account structure

Answer(s): C



SIMULATION

You are a functional consultant for a legal entity named Contoso Group (GLCO).

You plan to sell new products that will increase in quality over time.

You need to implement a solution that uses the Last in, First out (LIFO) inventory model for GLCO.

To complete this task, sign in to the Dynamics 365 portal.

  1. See Explanation section for answer.

Answer(s): A

Explanation:

You need to configure an Inventory Model Group for the new products.

1. For inventory model groups, navigate to Inventory management | Setup | Inventory | Item model groups.

2. Click "New" to create a new inventory model group.
3. In the "Cost method and cost recognition" section, configure the "Inventory Model" setting to Last in, First out (LIFO).
4. Click "Save" to save the inventory model group.



SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to generate a trial balance report for the period of January 1, 2017 to December 31, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Trial folder.

To complete this task, sign in to the Dynamics 365 portal.

  1. See Explanation section for answer.

Answer(s): A

Explanation:

1. Click General ledger > Reports > Transactions > Trial Balance
2. Enter the Start and End dates for the report.
3. Click Destinations ... to specify how you want to `print' the report.
4. Select File as the destination.
5. Select the Downloads\Trial folder for the location.
6. Select Microsoft Excel for the file format.
7. Click OK to close the `Print destination settings' form.
8. Click OK to `print' (save) the report to the selected destination.



DRAG DROP (Drag and Drop is not supported)

A client plans to use financial statements in Dynamics 365 Finance. The client wants to process the statements by using various combinations of the components to create custom reports.

You need to associate the report components to the purpose.

Which report components should you use for each purpose? To answer, drag the appropriate component to the correct purpose. Each component may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.

Note: Each correct selection is worth one point.

Select and Place:

  1. See Explanation section for answer.

Answer(s): A

Explanation:


Reference:

https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/financial-report-components



HOTSPOT (Drag and Drop is not supported)

You are setting up main accounts in Dynamics 365 Finance.

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:

  1. See Explanation section for answer.

Answer(s): A

Explanation:



DRAG DROP (Drag and Drop is not supported)

You are a Dynamics 365 Finance functional consultant. A legal entity processes and settles vendor payments on behalf of other legal entities in an organization.

You need to configure the centralized payment flow for the legal entity.

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.

Note: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

Select and Place:

  1. See Explanation section for answer.

Answer(s): A

Explanation:


Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up- centralized-payments



Viewing Page 7 of 52



Share your comments for Microsoft MB-310 exam with other users:

Aaron 2/8/2023 12:10:00 AM

thank you for providing me with the updated question and answers. this version has all the questions from the exam. i just saw them in my exam this morning. i passed my exam today.
SOUTH AFRICA