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About Related Certification
The Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate is one of the related certifications for anyone seeking to climb up the organizational ladder. MB-300 & MB-310 tests and their accompanying certification equip you with knowledge of configuration and usage of functionality tools. Additionally, this validation is designed for all in the finance and supply chain industry looking to learn and understand the concept of operations, accounting principles, and practices. In all, getting the affiliated certificate arms candidates with in-depth knowledge of how to carry out the subsequent technical tasks:
- How to set up and configure financial management.
- How to manage, calculate, and fix assets;
- How to efficiently manage and apply some of the common practices;
- How to control accounts, both receivable and payable;
NEW QUESTION 64
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder.
To complete this task, sign in to the Dynamics 365 portal.
Answer:
Explanation:
See explanation below.
* Navigate to Tax > Declarations > Report sales tax for settlement period.
* Enter the 'From' date.
* Select the settlement period (Quarter).
* Click 'OK'.
* Select Yes in the Create electronic tax document field.
* Select the Downloads\Report
* Click 'OK'.
NEW QUESTION 65
You are a Dynamics 365 Finance and Operations functional consultant A legal entity processes and settles vendor payments :on behalf of other legal entities in an organization.
You need to configure the centralized payment Row for the legal entity.
In which order should you perform the actions? to answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
NEW QUESTION 66
You need to prevent a reoccurrence of User2's issue.
How should you configure the system? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Topic 2, Munson's Pickles and Preserves Farm
Case Study
This is a case study. Case studies are not timed separately. You can use as much exam time as you would like to complete each case. However, there may be additional case studies and sections on this exam. You must manage your time to ensure that you are able to complete all questions included on this exam in the time provided.
To answer the questions included in a case study, you will need to reference information that is provided in the case study. Case studies might contain exhibits and other resources that provide more information about the scenario that is described in the case study. Each question is independent of the other questions in this case study.
At the end of this case study, a review screen will appear. This screen allows you to review your answers and to make changes before you move to the next section of the exam. After you begin a new section, you cannot return to this section.
To start the case study
To display the first question in this case study, click the Next button. Use the buttons in the left pane to explore the content of the case study before you answer the questions. Clicking these buttons displays information such as business requirements, existing environment, and problem statements. If the case study has an All Information tab, note that the information displayed is identical to the information displayed on the subsequent tabs. When you are ready to answer a question, click the Question button to return to the question.
Background
Munson's Pickles and Preserves Farm grows and distributes produce, jellies, and jams. The company's corporate headquarters is located in Dallas, TX. Munson's has one operations center and seven regional distribution centers in the United States.
The company has two wholly owned subsidiaries that operate in Canada. The Canadian entity owns an entity in France.
Munson's plans to expand into Latin America by purchasing the last 25 percent of a subsidiary that they own in Costa Rica. This process is expected to complete within the next two years.
The company plans to implement Dynamics 365 Finance and Dynamics 365 Supply Chain to meet their growing business needs.
Current environment. General
Munson's uses a mix of internally-developed legacy systems that handle their finance and distribution activities. The company has an isolated CRM system.
Both Canadian subsidiaries have two departments: marketing and operations.
Financial reporting is difficult due to data residing in disparate systems.
Financial reporting is currently performed by using Microsoft Excel.
Pre-orders in the current system are difficult to track because the order management system is not integrated with the finance system.
Pickle sales post to one revenue account, but this does not allow for targeted reporting by pickle cut and type.
Current environment. Organization
The following chart shows Accounting/Reporting Currencies and Tax ID, if applicable.
Typically, vendor invoices are received prior to receipt of product.
The following fixed assets are sold for a loss:
BUILD-100
CAR-1233
At the regional distribution centers, the value for physical inventory does not match the inventory in the financial system.
Munson's rents their corporate office. Rent is not paid by purchase order. Rent is due once a quarter.
Allocations are performed manually.
Barrels are inventoried by site and warehouse.
Munson's has multiple depreciation and tax books for all of their fixed asset equipment.
Budgets are posted at the department level for each legal entity.
Requirements. Sales
Customers should be able to pre-order for fall release of pickles.
Three-way matching must be enforced for all purchases.
Fixed asset sale transactions require a ledger account entered at the time of transaction.
Fixed assets purchased must be automatically created in fixed asset module. This includes inventory items and write in purchase orders/non-inventoried items.
One dollar from every sale needs must be tracked and donated at the end of each month to a charitable organization.
Purchasing budgets must be enforced at the main account level.
Requirements. Finance
Accounts payable must be able to enter vendor invoices on the day they were received to be settled against when product is received.
Accounts payable must be able to enter vendor invoices to accrue expense without specifying a purchase order at the time of entry.
Postage expenses must be split evenly across the regional distribution centers automatically.
Administrative expenses must be distributed across the regional distribution centers by percentage of fulfillment orders monthly.
Pickling machines depreciation must be uniquely recorded for visibility but not post to the ledger.
Issues
During implementation testing, User1 indicates that after packing slips are generated for purchase orders, there are no ledger postings.
User2 indicates that fixed assets purchased on a purchase order do not show up in the Fixed Assets module.
User3 reports that they are seeing inconsistent application of the one-dollar donation from all sales orders.
User4 in the Canadian subsidiary is able to purchase supplies for marketing despite exceeding the marketing department budget.
User5 reports that when purchasing a non-inventoried computer, the system is automatically assigning it to the buildings fixed asset group.
NEW QUESTION 67
You are a Dynamics 365 Finance and Operations functional consultant A legal entity processes and settles vendor payments :on behalf of other legal entities in an organization.
You need to configure the centralized payment flow for the legal entity.
In which order should you perform the actions? to answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/cash-bank-management/set-up-centr
NEW QUESTION 68
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer.
You need to register a transaction for the sale of the machinery by using a free text invoice for fixed assets.
Which transaction type should you use?
- A. Disposal
- B. Depreciation
- C. Acquisition
- D. Value adjustments
Answer: A
NEW QUESTION 69
You need to configure the system to meet the budget preparation requirements.
What should you do? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION 70
You are configuring intercompany accounting for a multicompany enterprise.
You need to set up the Due to and Due from accounts.
Which main account type should you use?
- A. Liability
- B. Asset
- C. Balance sheet
- D. Profit and loss
- E. Expense
Answer: C
Explanation:
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/intercompany- accounting-setup Implement and manage accounts payable and receivable Question Set 1
NEW QUESTION 71
A client has Accounts payable invoices in their legg entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.
You need to set up Dynamics 365 for Finance and Operations to perform foreign currency revaluation, In which order should you perform the actions? To answer, move all 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.
Answer:
Explanation:
NEW QUESTION 72
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.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versio
NEW QUESTION 73
A company is preparing to complete yearly budgets.
The company plans to use the Budget module in Dynamics 365 Finance for budget management.
You need to create the new budgets.
What should you do?
- A. Create budget plans to define the revenues for a budget.
- B. Combine previous year budgets into a single budget.
- C. Create budget plans for multiple scenarios.
Answer: C
Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning- overview-configuration
NEW QUESTION 74
An organization sells monthly service subscriptions. The organization sends invoices to customers on the 15th of every month in the amount of $450.00.
You need to set up, configure, and process recurring free text invoices for the customers.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.
Answer:
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/accounts-receivable/set-up-process-
NEW QUESTION 75
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.
Answer:
Explanation:
Click General ledger > Reports > Transactions > Trial Balance
Enter the Start and End dates for the report.
Click Destinations ... to specify how you want to 'print' the report.
Select File as the destination.
Select the Downloads\Trial folder for the location.
Select Microsoft Excel for the file format.
Click OK to close the 'Print destination settings' form.
Click OK to 'print' (save) the report to the selected destination.
NEW QUESTION 76
A client needs to configure Accounts payment vendor methods of payment to meet the following business requirements:
* Configure the electronic method of payment to create one electronic payment for all of the invoices due.
* Configure the system to ensure that all payments made with an electronic method of payment also forces the user to select which payment has been used.
You display the Methods of payment setup screen.
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.
Answer:
Explanation:
Explanation
NEW QUESTION 77
You need to view the results of Fourth Coffee Holding Company's consolidation.
Which three places show the results of financial consolidation? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
- A. a financial report run against the company Fourth Coffee
- B. a trial balance in the company Fourth Coffee
- C. a financial report run against the Fourth Coffee Holding Company
- D. a trial balance in the Fourth Coffee Holding Company
- E. the consolidations form in Fourth Coffee Holding Company
Answer: C,D,E
NEW QUESTION 78
A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting.
Which set of actions must you perform?
Which set of actions must you perform?
- A. Option B
- B. Option C
- C. Option A
- D. Option D
Answer: D
Explanation:
Explanation
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/basic-budgeting-overview
NEW QUESTION 79
......
Microsoft MB-310 Exam
Microsoft Dynamics 365 Finance is a certification exam that is conducted by Microsoft to validates Candidate knowledge and skills of Dynamics 365 Finance. Candidates for this exam are functional specialists who analyze business needs and translate them into fully performed business solutions and processes that implement industry best practices. Candidates are a key resource for deploying and configuring applications to meet the needs of the business.After passing this exam, Candidates get a certificate from Microsoft that helps them to demonstrate their proficiency in Microsoft Dynamics 365 to their clients and employers
Important Details
The candidates for this certification exam are Functional Consultants. These specialists analyze the business prerequisites and translate the same into completely realized business procedures and solutions that utilize industry best practices. These professionals function as a core resource in the implementation and configuration of applications that fulfill the business requirements.
The Microsoft MB-310 exam does not have any official prerequisites. However, the test takers must have a basic understanding and knowledge of financial operations and accounting principles, including accounts receivables and accounts payables, costing principles, budgeting, taxes, and fixed assets.
MB-310 Braindumps PDF, Microsoft MB-310 Exam Cram: https://pass4sure.actualpdf.com/MB-310-real-questions.html
