MB-310 Practice Test

Question 6

A client has unique accounting needs that sometimes require posting definitions. You need to implement posting definitions. In which situation should you implement posting definitions?

1. when financial dimensions need to default from the vendor record onto an invoice
2. when only certain dimensions are allowed to post with certain main account combinations
3. when creating multiple balanced ledger entries based on transaction types or accounts
4. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting

Question 7

An organization is setting up a cost accounting. You need to set up fiscal calendars for Dynamics 365 Finance. What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

1. standard work hours
2. financial transactions
3. fixed asset depreciation
4. budget cycles
5. shift work hours

Question 8

You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements. You need to import electronic bank statements to reconcile the bank accounts. Which three actions can you perform? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

1. Select all the bank accounts for the bank statement files, and then upload all files
2. Select Account reconciliation on the bank account form
3. Import bank statements from the Data management workspace
4. Navigate to Import statement on the Bank Statements page of Cash and Bank Management
5. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file

Question 9

A company plans to create a new allocation rule for electric utilities expenses. The allocation rule must meet the following requirements: ✑ Distribute overhead utility expense to each department. ✑ Define how and in what proportion the source amounts must be distributed on various destination lines. You need to configure the allocation rule. Which allocation method should you use?

1. Distribute the source document amount equally
2. Fixed weight
3. Equally
4. Basis

Question 10

A food manufacturer uses commodities such as beans, corn, and chili peppers as raw materials. The prices of the commodities fluctuate frequently. The manufacturer wants to use cost versions to simulate these fluctuations. You need to set up cost versions and prices to accomplish the manufacturer's goal. For which purpose should you use each costing type? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area: