How to pass Microsoft MB-310 exam with the help of dumps?

Question # 1

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 divisionability to run the trial balance by just main account and departmentYou need to ensure that these options are visible in the trial balance report parameters.What should you configure?

A. ledger validation
B. financial dimensions for department and division
C. financial dimension sets
D. account structure

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Question # 2

A company uses Dynamics 365 Finance to manage budgets.You need to reallocate funds during the year.Which budget code should you use?

A. Carry-forward
B. Zero-based
C. Pre-encumbrance
D. Transfer

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Question # 3

An organization acquires a building. You need to register-and record the building as an asset building in Dynamics 365 Finance and Operations. What are three possible ways to achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

A. Select an acquisition transaction type within a fixed asset journal.
B. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal.
C. Use the sales order process to acquire the asset.
D. Eliminate the project to a fixed asset.
E. Create a sales invoice to record and register the fixed asset.

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Question # 4

You are a Dynamics 365 Finance consultant.You are currently unable to collaborate or track progress toward month-end close across legal entities in the current system.You need to resolve the issue.What should you configure?D18912E1457D5D1DDCBD40AB3BF70D5D

A. Financial reporting
B. Financial insights workspace
C. Electronic reporting
D. Financial period close workspace

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Question # 5

You are configuring budgeting components in Dynamics 365 for Finance and Operations.You need to configure multiple budgets.What are three budgeting options you can use? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

A. Cost management budget, including Production and Resource groups
B. Sales budget, including Campaigns and Events
C. Workforce budget, including Compensation groups and Positions
D. Project budget, including Items and Fees
E. Ledger budget, including Revenue and Expense types

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Question # 6

Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, thesequestions will not appear in the review screen.A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of officefurniture.You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.Solution: Configure a posting definition for purchase orders.Does the solution meet the goal?

A. Yes
B. No

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Question # 7

A client wants Dynamics 365 Finance to calculate sales tax on a sales order line once an item is added. Thesales tax group is already populated with a value.You need to ensure that the sales tax will calculate.Which field should you populate?

A. sales tax code
B. item group
C. customer address
D. item sales tax group

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Question # 8

You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact. You need to assign the Vendor (external) role to this vendor. Which tasks can this vendor perform?

A. Delete any contact person that they have created.
B. Deny or allow a contact person's access to documents on the vendor collaboration interface that are specific to the vendor account
C. View and modify contact person information, such as the person's title, email address, and telephone number.
D. View consignment inventory.

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Question # 9

You are the controller for an organization. The company purchased six service trucks. You observe that youraccountant set up Fixed assets – vehicles in the wrong fixed asset group.You need to achieve the following:Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset arecanceled and regenerated for the new fixed asset.Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any informationthat was set up for the original fixed asset is copied to the new fixed asset.Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in thenew fixed assets group.Ensure that the historical transactions are transferred to the new fixed asset.Ensure Historical Depreciation expense entries do not change.What should you do?

A. Reclassify the fixed asset
B. Change the fixed asset group and keep the same fixed asset number
C. Copy the fixed asset
D. Transfer the fixed asset

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Question # 10

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.A client has multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics 365 FinanceThe client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Dynamics 365 Finance instead. You need to configure the system and correctly perform eliminations. Solution: Select Consolidate online in Dynamics 365 Finance. Include eliminations during the process or as a proposal. Set up the transactions to post in the legal entity configured for consolidations. Does the solution meet the goal?

A. Yes
B. No

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Question # 11

You are a Dynamics 365 Finance expert for an organization.You need to configure the Financial period close workspace.Which three configuration processes should you use? Each correct answer presents a part of the solution.NOTE: Each correct selection is worth one point,

A. Create templates that contain the required tasks within the closing process and assign to closing role.
B. Create a separate closing schedule for every legal entity.
C. Assign a ledger calendar to the closing process.
D. Create task areas and descriptions.
E. Designate resources and their scope based on closing roles.

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Question # 12

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 for multiple scenarios.
B. Create budget plans to define the revenues for a budget.
C. Combine previous year budgets into a single budget.D18912E1457D5D1DDCBD40AB3BF70D5D

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Question # 13

Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the futureYou need to configure Dynamics 365 for Finance and Operations to limit the account type transactions to only ledger.What should you do?

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

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Question # 14

Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, thesequestions will not appear in the review screen.A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365Finance. The departments and divisions are set up as financial dimensions.The client has the following requirements:Only expense accounts require dimensions posted with the transactions.Users must not have the option to select dimensions for a balance sheet account.You need to configure the ledger to show applicable financial dimensions based on the main account selectedin journal entry.Solution: Configure two account structures: one for expense accounts and include applicable dimensions, andone for balance sheet and exclude financial dimensions.Does the solution meet the goal?

A. Yes
B. No

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Question # 15

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.You need to configure the system and correctly perform eliminations.Solution: Select Consolidate with import.Does the solution meet the goal?

A. Yes
B. No

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Question # 16

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?

A. Fixed percentage
B. Equally
C. Basis
D. Fixed weight

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Question # 17

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?

A. when financial dimensions need to default from the main account onto an invoice
B. when using encumbrance accounting for purchase orders
C. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
D. when creating one offset ledger entry based on transaction type

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Question # 18

A company is preparing to complete a year-end close process.You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which threeconfigurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

A. Configure the Fiscal year close parameters
B. Configure the ledger calendar for the new fiscal year
C. Configure the transfer balance
D. Validate the main account type
E. Create the next fiscal year

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Question # 19

A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their5,000 stocked items from a specific vendor.The client requires the ability to have items that require only two-way matching and specific items that requirethree-way matching.You need to configure the system in the most efficient manner to achieve these requirements.What should you do?

A. Configure a company matching policy of a three-way match.
B. Configure a company matching policy of two-way matching and specify the items that require a three-way match.
C. Configure a company matching policy of two-way matching and set the matching policy for specific item, and vendor combination level to three-way matching.
D. Configure a company matching policy of non-required and specify the items that require a three-way match.
E. Configure a company matching policy of two-way matching and specify the vendors that require a three-way match.

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Question # 20

An organization plans to set up intercompany accounting between legal entities within the organization.Automatic transactions between legal entities must meet the following requirements:Provides systemwide integration and streamlining to save timeMinimizes errors and create an audit trail with full visibility into business activities and transaction histories within the legal entitiesYou 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.

A. Select intercompany journal names.
B. Configure intercompany accounting in both the originating entity and destination entity.
C. Create intercompany main accounts to use for the due to and due from accounting entries.
D. Define intercompany accounting setup by creating legal entity pairs defining originating and destination companies.
E. Configure intercompany accounting in the destination entity only.

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Question # 21

An organization is upgrading to Dynamics 365 Finance.One of the organization's legal entities needs to have different main accounts for a period of six months.You need to configure the legal entity override dates.Which two actions can you perform? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

A. Set the value of the override date field at the legal entity level to be more restrictive.
B. Set the value of the override date field at the shared level to be more restrictive.
C. Set the value of the override date field at the legal level to be less restrictive.
D. Set the value of the override date field at the shared level to be less restrictive.

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Question # 22

A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.The client currently uses a separate reporting tool to perform their financial consolidation and eliminations. They want to use Finance and Operations instead.You need to configure the system and correctly perform eliminations. Solution: Set up Elimination rules in the system. Then, run an elimination proposal. Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup.Does the solution meet the goal?

A. Yes
B. No

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Question # 23

After you answer a question in this section, you will NOT be able to return to it As a result, these questionswill not appear in the review screen.A company is preparing to complete yearly budgets.The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budgetmanagementYou need to create the new budgets.Solution: Create budget plans for multiple scenarios.Does the solution meet the goal?

A. Yes
B. No

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Question # 24

You are a finance consultant. Your client needs you to configure cash flow forecasting.The client wants specific percentages of main accounts to contribute to different cash flow forecasts for other main accounts.You need to configure Dynamics 365 for Finance to meet the needs of the client.What should you do?

A. On the Cash flow forecasting setup form, configure the primary main account to assign a percentage to the dependent account.
B. Configure the parent/child relationship for the main account and subaccounts by using appropriate percentages
C. Configure the cash flow forecasting setup for Accounts Payable before you configure vendor posting profiles
D. On the Cash flow forecasting setup form, use the Dependent Accounts setup to specify which account and percentage is associated to the main account.D18912E1457D5D1DDCBD40AB3BF70D5D

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Question # 25

A client has one legal entity and the following four dimensions configured: Business Unit, Cost Center, Department, and Division.You need to configure the client's system to run the trial balance inquiry in the General ledger module so that it displays the trial balance two ways:• Include the main account and all four dimensions.• Include the main account and only the business unit and cost center dimensions.What should you configure?

A. two account structures
B. all financial dimensions by using the group dimension functionality
C. two financial dimension sets
D. two derived financial dimension hierarchies

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Question # 26

You are configuring account structures and advanced rules in Dynamics 365 Finance.All balance sheet accounts require Business Unit and Department dimensions.The Shareholder distribution account requires an additional dimension for Principal.You need to set up the account structures.What are two possible ways to achieve the goal? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

A. Create a new main account for each of the company's principals. Then, create an account structure for all balance sheet accounts that includes the required dimension.
B. Create a new main account for Shareholder distribution. Add an advanced rule for the Principal dimension.
C. Create an account structure for all the balance sheet accounts. Set up an advanced rule for the Shareholder distribution account for the Principal dimension.
D. Create an account structure for balance sheet accounts without Shareholder distribution. Then, create a second account structure for Shareholder distribution that includes all required dimensions.

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Question # 27

Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, thesequestions will not appear in the review screen.A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365Finance. The departments and divisions are set up as financial dimensions.The client has the following requirements:Only expense accounts require dimensions posted with the transactions.Users must not have the option to select dimensions for a balance sheet account.You need to configure the ledger to show applicable financial dimensions based on the main account selectedin journal entry.Solution: Configure default financial dimensions on expense accounts only.Does the solution meet the goal?

A. yes
B. no

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Question # 28

D18912E1457D5D1DDCBD40AB3BF70D5DA customer uses the sales tax functionality in Dynamics 365 Finance.The customer reports that when a sales order is created, sales tax does not calculate on the line.You need to determine why sales tax is not calculated.What are two possible reasons? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point

A. The sales tax group is populated on the line, but the item sales tax group is missing.
B. The sales tax settlement account is not configured correctly.
C. The sales tax authority is not set up for the correct jurisdiction.
D. The sales tax code and item sales tax code are selected, but the sales tax group is not associated to both codes.
E. The sales tax group and item sales tax group are selected, but the sales tax code is not associated with both groups.

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Question # 29

A company plans to use Dynamics 365 for Finance and Operations. You need to configure basic budgeting.Which set of actions must you perform?

A. Option A
B. Option B
C. Option C
D. Option D

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Question # 30

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen. You are configuring the year-end setup in Dynamics 365 for Finance and Operations.You need to configure the year-end setup to meet the following requirements:The accounting adjustments that are received in the first quarter must be able to be posted in to theprevious year’s Period 13.The fiscal year closing can be run again, but only the most recent closing entry will remain in thetransactions.All dimensions from profit and loss must carry over into the retained earnings.All future and previous periods must have an On Hold status.Solution:Configure General ledger parameters.- Set the Delete close of year transactions option to Yes.- Set the Create closing transactions during transfer option to Yes.- Set the Fiscal year status to permanently closed option to No.Define the Year-end close template.- Designate a retained earnings main account for each legal entity.- Set the Financial dimensions will be used on the Opening transactions option to No.- Set the Transfer profit and loss dimensions’ option to Close All.Set future Ledger periods to a status of On Hold.Does the solution meet the goal?

A. Yes
B. No

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Question # 31

A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and datareside in Finance and Operations,The client currently uses a separate reporting tool to perform their financial consolidation and eliminations,They want to use Finance and Operations instead.You need to configure the system and correctly perform eliminations.Solution: Create a separate company in which you manually create the eliminations. Then, use that companyin Financial reporting or in the consolidation process.Does the solution meet the goal?

A. Yes
B. No

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Question # 32

After you answer a question in this section, you will NOT be able to return to it As a result, these questions will not appear in the review screen.A company is preparing to complete yearly budgets.The company plans to use-pie Budget module in Dynamics 365 for Finance and Operations for budget managementYou need to create the new budgets.Solution: Create budget plans to define the revenues for a budgetDoes the solution meet the goal?

A. Yes
B. No

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Question # 33

A company configures budget controls at the beginning of the year.Which three budget control transaction actions occur when the budget control is turned off mid-year. Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

A. Activities are unrecorded for budget control purposes.
B. Budget register entries that have been posted after budget control is turned off will not be considered for budget control.
C. Posted documents might incorrectly reflect any relieving amounts or balances in inquiries and reports that are related to budget control.
D. Budget checks are performed. You can view the budget reporting through financial reports
E. You can view the budget reporting through financial reports.

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Question # 34

You are the controller for an organization. The company purchased six service trucks. You observe that youraccountant set up Fixed assets - vehicles in the wrong fixed asset group.You need to achieve the following;• Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset arecanceled and regenerated for the new fixed asset.• Ensure that all value models for the existing fixed asset are created for the new fixed asset Any informationthat was set up for the original fixed asset is copied to the new fixed asset.• Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the newfixed assets group.What should you do?

A. Reclassify the fixed asset.
B. Copy the fixed asset.
C. Change the fixed asset group
D. Transfer the fixed assets.

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Question # 35

A public sector company is configuring encumbrance for managing capital budgets. The finance department needs to configure posting definitions for bank transactions. You need to configure Dynamics 365 for Finance and Operations for cash settlements. What should you do?

A. Configure general ledger year-end close.
B. Configure combined deposit amounts.
C. Configure budget appropriations.
D. Configure advanced ledger entries.

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Question # 36

A client uses Dynamics 365 for Finance and Operations for accounts receivable.You need to configure the method of payment to enforce the accounts receivable clerk to enter the wire number for the received electronic payment.Which item should you set up as mandatory?

A. Select payment reference
B. Select bank transaction type
C. Select Deposit slip
D. Select Payment ID

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Question # 37

Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, thesequestions will not appear in the review screen.A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of officefurniture.You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.Solution: Set up posting definitions for purchase requisitions.Does the solution meet the goal?

A. Yes
B. No

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Question # 38

You are a Dynamics 365 Finance consultant. You plan to configure the allocation base, cost behavior, and cost distribution.Which three actions do these configurations accomplish? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

A. Spread costs from one cost object to one or more other cost objects by applying a relevant allocation base.
B. Measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.
C. Spread the balance of the cost from one cost object to one or more other cost objects by applying a relevant allocation base.
D. Control which journals can be used in the costing process.
E. Classify costs according to their behavior in relation to changes in key business activities.

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Question # 39

A company provides employee life insurance to all full-time employees. Employee life insurance policies are paid twice a year to the insurance company. Transactions for current employees must be recognized in the general ledger twice a month with an employee's pay. Transactions for new employees must be recognized in the general ledger based upon the employee's first pay date.You need to configure accrual schemes for the new fiscal year.Which two configurations should you use? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point

A. For new employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.
B. For current employees, use a Credit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.
C. For new employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the employee’s first pay date.
D. For current employees, use a Debit accrual scheme. In the ledger accrual, set the offset to the first day of the fiscal year.

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Question # 40

You are configuring the basic budgeting for a Dynamics 365 Finance environment.You need to configure the types of entries allowed.Which two configurations can you use? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point,

A. The budget register entry journals require both Expense and Revenue amount types.
B. Budget register entry line needs a main account and amount to be valid.
C. Budget register entry journals must be allocated across all fiscal periods.
D. Budget register entry lines must select only one account structure.
E. The budget register entries can contain either Expense or Revenue amount types.

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Question # 41

You are setting up the Accounts payable module and vendor invoice policies for an organization.You need to set up vendor invoice policies that run when vendor invoices are posted in the system.In which two ways can you set up the policies? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.

A. Set up invoice matching validation for vendor invoice policy.
B. Configure the vendor invoice workflow to run the policies.
C. Run the policies when you post a vendor invoice by using the Vendor invoice page and when you open the Vendor invoice policy violations page.
D. Apply the policies to invoices that were created in the invoice register or invoice journal.

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Question # 42

An organization uses Dynamics 365 for Finance and Operations.Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting.You need to prevent these invalid combinations.What should you do?

A. Associate the correct main accounts to that financial dimension on the financial dimension setup form.
B. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.
C. Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.
D. Configure the account structure to specify which financial dimensions are valid for which main accounts.

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Question # 43

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

A. standard work hours
B. financial transactions
C. fixed asset depreciation
D. budget cycles
E. shift work hours

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Question # 44

A legal entity has locations and customers in multiple states within the United States.You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location.Which three settings must you configure? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

A. the Sales tax group on the Customer record
B. the Terms of delivery setup
C. the Item Sales tax group on the Item record
D. the Sales reporting codes
E. the Sales tax codes

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Question # 45

Note: This question is part of a series of questions that present the same scenario. Each question in the seriescontains a unique solution that might meet the stated goals. Some question sets might have more than onecorrect solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, these questionswill not appear in the review screen.You are configuring the year-end setup in Dynamics 365 for Finance and Operations.You need to configure the year-end setup to meet the following requirements:The accounting adjustments that are received in the first quarter must be able to be posted in to theprevious year’s Period 13.The fiscal year closing can be run again, but only the most recent closing entry will remain in thetransactions.All dimensions from profit and loss must carry over into the retained earnings.All future and previous periods must have an On Hold status.Solution:Configure General ledger parameters.Set the Delete close of year transactions option to Yes.Set the Create closing transactions during transfer option to Yes.Set the Fiscal year status to permanently closed option to Yes.Define the Year-end close template.Designate a retained earnings main account for each legal entity.Set the Financial dimensions will be used on the Opening transactions option to Yes.Set the Transfer profit and loss dimensions’ option to Close All.Set future Ledger periods to a status of On Hold.Does the solution meet the goal?

A. Yes
B. No

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Question # 46

After you answer a question in this section, you will NOT be able to return to it As a result, these questions will not appear in the review screen.A company is preparing to complete yearly budgets.The company plans to use the Budget module in Dynamics 365 for Finance and Operations for budget managementYou need to create the new budgets.Solution: Combine budgets from multiple legal entities to a master budget.Does the solution meet the goal?

A. Yes
B. No

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Question # 47

Note: This question is part of a series of questions that present the same scenario. Each question in the seriescontains a unique solution that might meet the stated goals. Some question sets might have more than onecorrect solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, these questionswill not appear in the review screen.You are configuring the year-end setup in Dynamics 365 for Finance and Operations.You need to configure the year-end setup to meet the following requirements:The accounting adjustments that are received in the first quarter must be able to be posted in to theprevious year’s Period 13.The fiscal year closing can be run again, but only the most recent closing entry will remain in thetransactions.All dimensions from profit and loss must carry over into the retained earnings.All future and previous periods must have an On Hold status.Solution:Configure General ledger parameters.- Set the Delete close of year transactions option to No.- Set the Create closing transactions during transfer option to No.- Set the Fiscal year status to permanently closed option to No.Define the Year-end close template.- Designate a retained earnings main account for each legal entity.- Set the Financial dimensions will be used on the Opening transactions option to No.- Set the Transfer profit and loss dimensions’ option to Close All.Set future Ledger periods to a status of On Hold.Does the solution meet the goal?

A. Yes
B. No

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Question # 48

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. Expense
B. Asset
C. Balance sheet
D. Liability
E. Profit and loss

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Question # 49

You are configuring vendor collaboration security roles for external vendors. You manually set up a vendor contact.You need to assign the Vendor (external) role to this vendor.Which tasks can this vendor perform?

A. Request a new user account for a contact person by using the Provision user action.
B. Maintain vendor collaboration invoices.
C. Delete any contact person that they have created.
D. View and modify contact person information, such as the person’s title, email address, and telephonenumber.

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Question # 50

You need to acquire the fixed assets that are associated with the purchase orders.What should you do?

A. Select the fixed asset checkbox on the invoice.
B. Create the fixed assets in the fixed asset module and then acquire the asset.
C. Create the fixed assets in the fixed asset module and then select the fixed asset checkbox on the product receipt.
D. Reverse the product receipt and then repost it.

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Question # 51

A client is using the budget planning process in Dynamics 365 for Finance and Operations. Your client requires the ability to plan for a one-year, three-year, and five-year budget. You need to configure the various year length options to be used in the budgeting module. What should you do?

A. Configure budget control.
B. Configure budget codes.
C. Configure budget allocation terms.
D. Configure budget cycles.

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Question # 52

Note: This question is part of a series of questions that present the same scenario. Each question in theseries contains a unique solution that might meet the stated goals. Some question sets might have morethan one correct solution, while others might not have a correct solution.After you answer a question in this section, you will NOT be able to return to it. As a result, thesequestions will not appear in the review screen.A customer uses Dynamics 365 Finance. The customer creates a purchase order for purchase $20,000 of officefurniture.You need to configure the system to ensure that the funds are reserved when the purchase order is confirmed.Solution: Configure item posting groups for purchase requisitions.Does the solution meet the goal?

A. Yes
B. No

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Question # 53

You are configuring the Fixed assets module for a Dynamics 365 Finance and Operations environment,You need to set up the basic configuration to create a fixed asset Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

A. the number sequence
B. the group
C. the name
D. the type
E. the property type

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Question # 54

A company plans to use Dynamics 365 Finance to calculate sales tax on sales orders.You need to automatically calculate sales tax when the sales order is created.Which three actions should you perform? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point,

A. Assign values to the sales tax codes and assign the sales tax codes to the sales tax group associated to the customer.
B. Assign all sales tax codes to the item sales tax group associated to the item being sold.
C. Set up a default item sales tax group on the item being sold and set up a default sales tax group on the customer used on the sales order.
D. Associate the sales tax jurisdictions to the item sales tax group associated to the item being sold.
E. Set up a default sales tax code on the customer used on the sales order and set up a default item sales tax group on the item being sold.

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Question # 55

You work for a company that receives invoices in foreign currencies.You need to configure the currency exchange rate providers and exchange rate types.What should you do?

A. Use a developer to write the HTML key values code to configure the currency exchange rate providers.Then, use the provider for importing a currency exchange rate type.
B. Configure exchange rate provider, create exchange rate type, and import the currency exchange rates.
C. Select the appropriate HTML key values from the available exchange rate providers. Then, use theprovider for importing one currency exchange rate type.
D. Use a developer to write the XML key values code to configure the currency exchange rate providers.Then, use the provider for importing a currency exchange rate type.

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Question # 56

A company has many customers who are not paying invoices on time.You need to use the collection letter functionality to manage customer delinquencies.What are two possible ways to achieve the goal? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.D18912E1457D5D1DDCBD40AB3BF70D5D

A. Cancel the collection letters after they are created and posted.
B. Print all of the collection letters.
C. Delete the collection letters after posting when an error occurs.
D. Post the collection letters.

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Question # 57

You are configuring Dynamics 365 for Finance and Operations,You need to implement posting definitions for all available transaction types.For which type of transactions can you implement posting definitions?

A. Accounts payable, Bank. Budget Fixed assets, and Payroll
B. Accounts payable, Accounts receivable, Budget, and Fixed, assets
C. Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
D. Accounts payable, Accounts receivable. Bank. Budget, Payroll, and Purchasing

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Question # 58

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.

A. Select all the bank accounts for the bank statement files, and then upload all files
B. Select Account reconciliation on the bank account form
C. Import bank statements from the Data management workspace
D. Navigate to Import statement on the Bank Statements page of Cash and Bank Management
E. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file

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Question # 59

You are configuring the Accounts payable module for a company.The company needs to set a limit on the charges they will pay for specific items.You need to set up the limit for charges.Which two actions should you perform? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.

A. Define the maximum charge amount on the vendor record.
B. Enter the maximum amount when you set up the charges code.
C. Use budget control with the specified charges code.
D. Set the maximum charge amount in the Accounts payable parameters,
E. Enable invoice matching validation in the Accounts payable parameters.

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