Accurate Mb-310 Tutorials 2021

NEW QUESTION 1
You are configuring Dynamics 365 for Finance and Operations,
You need to implement posting definitions for all available transaction types. For which type of transactions can you implement posting definitions?

• A. Accounts payable, Ban
• B. Budget Fixed assets, and Payroll
• C. Accounts payable, Accounts receivable, Budget, and Fixed, assets
• D. Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
• E. Accounts payable, Accounts receivabl
• F. Ban
• G. Budget, Payroll, and Purchasing

Answer: D

NEW QUESTION 2
You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor. Which tasks can this vendor perform?

• A. Delete any contact person that they have created.
• B. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account
• C. View and modify contact person information, such as the person's title, email address, and telephone number.
• D. View consignment inventory.

Answer: D

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-ve

NEW QUESTION 3
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers transaction for the sale of the machinery by using a free text invoice for fixed assets. Which transaction type should you use?

• A. Disposal
• B. Acquisition
• C. Value adjustments
• D. Depreciation

Answer: A

NEW QUESTION 4
Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future
You need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.
What should you do?

• A. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
• B. Create a journal template that has ledger as the account type and offset account type.
• C. Use journal control to specify which account types, are valid for the General ledger journal.
• D. Configure the voucher series associated with this journal to allow only ledger account types.

Answer: A

NEW QUESTION 5
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 company is preparing to complete yearly budgets.
The company plans to use-pie Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Create budget plans to define the revenues for a budget Does the solution meet the goal?

• A. Yes
• B. No

Answer: B

NEW QUESTION 6
A rental service company hires you to configure their system to implement accrual schemes. You need to configure the accrual schemes for this company.
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 7
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 is 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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 8
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 company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Combine budgets from multiple legal entities to a master budget. Does the solution meet the goal?

• A. Yes
• B. No

Answer: B

NEW QUESTION 9
You are a Dynamics 365 Finance and Operations 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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up-cent

NEW QUESTION 10
An organization acquires a building. You need to register-and record the building as an asset building in Dynamics 365 Finance and Operations. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

• A. Select an acquisition transaction type within a fixed asset journal.
• B. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal.
• C. Use the sales order process to acquire the asset.
• D. Eliminate the project to a fixed asset.
• E. Create a sales invoice to record and register the fixed asset.

Answer: ABD

NEW QUESTION 11
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.

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

Answer: CDE

NEW QUESTION 12
A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

• A. Configure the Fiscal year close parameters
• B. Configure the ledger calendar for the new fiscal year
• C. Configure the transfer balance
• D. Validate the main account type
• E. Create the next fiscal year

Answer: ADE

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close

NEW QUESTION 13
You Create a financial dimension set named MA + DEPT+PROJ as shown in the following screenshot. The financial dimension set include the following dimensions:
• Main Account
• Department
• Project

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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 14
A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor.
The client requires the ability to have items that require only two-way matching and specific items that require three-way matching.
You need to configure the system in the most efficient manner to achieve these requirements. What should you do?

• A. Configure a company matching policy of a three-way match.
• B. Configure a company matching policy of two-way matching and specify the items that require a three-way match.
• C. Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.
• D. Configure a company matching policy of non-required and specify the items that require a three-way match.
• E. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.

Answer: C

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-payable/tasks/set-up-acco

NEW QUESTION 15
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 company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget management
You need to create the new budgets.
Solution: Create budget plans for multiple scenarios. Does the solution meet the goal?

• A. Yes
• B. No

Answer: A

NEW QUESTION 16
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: Set up Elimination rules in the system. Then, run an elimination proposal. Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup.
Does the solution meet the goal?

• A. Yes
• B. No

Answer: A

NEW QUESTION 17
You are a controller for a public sector organization. You need detailed fiscal tracking and reporting. You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund type may be used once, more than once, or not at all. You may need to dreg the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 18
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 19
You need to setup a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization.
You need to configure the prerequisite setup for the standard costing version for the current period.
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/prerequisites-

NEW QUESTION 20
A retail company has outlets in multiple locations. Taxes vary depending on the location. You need to configure the various components of the tax framework.
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.

• A. Mastered
• B. Not Mastered

Answer: A

Explanation:

NEW QUESTION 21
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