MB-310 Practice Test

MB-310 Practice Test practice questions, page 11 of 17, with answer review and explanations.

Question 51

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

Question 52

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.

Question 53

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.

Question 54

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:

Question 55

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: