MB-310 Practice Test

Question 46

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution. Determine whether the solution meets 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 customer uses Dynamics 365 Finance. The controller notices incorrect postings to the ledger entered via journal. The system must enforce the following: ✑ Expense accounts (6000-6998) require department, division, and project with all transactions. Customer dimension is optional. ✑ Revenue accounts (4000-4999) require department and division and allow project and customer dimensions. ✑ Liability accounts (2000-2999) should not have any dimensions posted. ✑ Expense account (6999) requires department, division, project and customer dimensions with all transactions. You need to configure the account structure to meet the requirements. Solution: ✑ Configure one account structure with department, division, project and customer dimensions. ✑ Configure asterisks in all columns for Expense accounts (6000-6999), Revenue accounts (4000-4999), and Liability accounts (2000-2999). Does the solution meet the goal?

1. Yes
2. No

Question 47

You are asked to configure foreign currency revaluation in Dynamics 365 Finance. You are viewing the main accounts. 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:

Question 48

You are a consultant who is implementing Dynamics 365 Finance in your organization. You need to set up currencies and exchange rates for a client. Which three actions should you perform in sequence? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order. Select and Place:

Question 49

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:

Question 50

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.