MB-310 Practice Test

Question 21

A client wants to ensure that transactions posted to the General Ledger have the correct combination of account number and dimensions. The Services Industry P&L Account Structure has the following information: 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 22

A rental service company with complex accrual requirements has accrual schemes set up in its implementation. You need to ensure that all transactions for the company use an accrual scheme. Which actions should you perform? To answer, select the appropriate configuration in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Question 23

You are configuring a Dynamics 365 Finance environment for intercompany accounting. You create the following legal entities: ✑ CompanyA ✑ CompanyB You need to configure intercompany accounting for both legal entities. Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select. Select and Place:

Question 24

An organization plans to set up intercompany accounting between legal entities within the organization. Automatic transactions between legal entities must meet the following requirements: ✑ Provide systemwide integration and streamlining to save time. ✑ Minimize errors and create an audit trail with full visibility into business activities and transaction histories within the legal entities. You need to set up intercompany accounting and create pairs of legal entities that can transact with each other, clearly defining the originating company and the destination company. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

1. Select intercompany journal names.
2. Configure intercompany accounting in both the originating entity and destination entity.
3. Create intercompany main accounts to use for the due to and due from accounting entries.
4. Define intercompany accounting setup by creating legal entity pairs defining originating and destination companies.
5. Configure intercompany accounting in the destination entity only.

Question 25

You are a controller in an organization. You are identifying cost drivers to see how changes in business activities affect the bottom line of your organization. You need to assess cost object performance to analyze actual versus budgeted cost and how resources are consumed. You need to demonstrate your understanding of cost accounting terminology. Which component maps to the cost accounting terminology? To answer, drag the appropriate component to the correct cost accounting terminology. Each source may be used once. 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: