MB-310 Practice Test

MB-310 Practice Test practice questions, page 14 of 17, with answer review and explanations.

Question 66

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 Finance to limit the account type transactions to only ledger. What should you do?

  1. Use journal control to specify which account types are valid for the General ledger journal.
  2. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
  3. Configure the voucher series associated with this journal to allow only ledger account types.
  4. Create a journal template that has ledger as the account type and offset account type.

Question 67

SIMULATION - You are a functional consultant for Contoso Entertainment System USA (USMF). You plan to settle accounts by receiving cash payments in US currency. You need to create a cash receipts journal that uses the US dollar currency. To complete this task, sign in to the Dynamics 365 portal.

Question 68

SIMULATION - You are a functional consultant for Contoso Entertainment System USA (USMF). You need to apply a constant currency exchange rate to calculate the reporting currency value of fixed assets. To complete this task, sign in to the Dynamics 365 portal.

Question 69

An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure. The organization has the following requirements: ✑ Set up restrictions on the account type and segment values. ✑ Capture data accurately for offset accounts, currency, and financial dimensions. ✑ Maintain internal control and establish materiality limits. You need to set up journal name elements to meet these requirements. Which three journal elements should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

  1. workflow approval
  2. account type
  3. journal type
  4. default values
  5. journal control

Question 70

You must configure journal controls in Dynamics 365 Finance. 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: