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Microsoft MB-310 Dumps & Mock Exam for Success, Microsoft Dynamics 365 Certification | SPOTO

Welcome to SPOTO's Microsoft MB-310 Dumps & Mock Exam for Success, tailored for Microsoft Dynamics 365 Certification aspirants. Our platform offers a comprehensive suite of resources to enhance your preparation journey, including practice tests, free test samples, and exam dumps. With our extensive collection of online exam questions and answers, you can simulate real exam scenarios and bolster your confidence levels. Our mock exams are meticulously crafted to align with the exam objectives, providing an authentic test-taking experience. Whether you're seeking to master exam practice, delve into sample questions, or access exam materials, SPOTO has you covered. Our latest practice tests are designed to equip you with the necessary skills and knowledge to succeed in passing the certification exam. Prepare effectively with SPOTO and pave your way to becoming a certified Microsoft Dynamics 365 Finance Functional Consultant.

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Question #1
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
View answer
Correct Answer: D
Question #2
A client is implementing Accounts payable. The client wants to establish three-way matching for 100 of their 5,000 stocked items from a specific vendor. The client requires the ability to have items that require only two-way matching and specific items that require three-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
View answer
Correct Answer: ADE
Question #3
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
View answer
Correct Answer: d
Question #4
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers 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. Acquisition
C. Value adjustments
D. Depreciation
View answer
Correct Answer: a
Question #5
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. hen only certain dimensions are allowed to post with certain main account combinations
B. hen financial dimensions need to default from the vendor record onto an invoice
C. hen creating multiple balanced ledger entries based on transaction types or accounts
D. hen the system needs to automatically post a transaction to the accounts receivable account on invoice posting
View answer
Correct Answer: c
Question #6
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 management You need to create the new budgets. Solution: Create budget plans for multiple scenarios. Does the solution meet the goal?
A. Yes
B. No
View answer
Correct Answer: A
Question #7
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 Operati
A. Yes
B. No
View answer
Correct Answer: A
Question #8
08.Your role of Systems Administrator includes the management of your company’s Microsoft Dynamics 365 Finance system.A company requirement states that all purchase orders for purchases under $500 must be approved by a line manager. All purchase orders for purchases over $500 must be approved by the Finance Manager.You are configuring workflow process in Dynamics 365 Finance to meet the purchase order approval requirements. You need to configure the permissions in the workflow.Which of the following actions
A. elegate
B. omplete
C. tart a workflow
D. pprove
View answer
Correct Answer: c
Question #9
You are creating a budget for an organization. The organization requires that allocations be performed automatically as part of budget planning. You need to invoke allocations at a specific budget planning stage. 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.
A. Mastered
B. Not Mastered
View answer
Correct Answer: A
Question #10
You need to setup a process of tracking, recording, and analyzing costs associated with the products or activities of a nonmanufacturing organization. You need to configure the prerequisite setup for the standard costing version for the current period. 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.
A. Mastered
B. Not Mastered
View answer
Correct Answer: A
Question #11
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
View answer
Correct Answer: B
Question #12
A client uses Dynamics 365 Finance 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 bank transaction type
B. Select payment reference
C. Select Payment ID
D. Select Deposit slip
View answer
Correct Answer: b
Question #13
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 vendor record onto an invoice
B. when only certain dimensions are allowed to post with certain mam account combinations
C. when creating multiple balanced ledger entries based on transaction types or accounts
D. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting
View answer
Correct Answer: D
Question #14
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
A. Mastered
B. Not Mastered
View answer
Correct Answer: A
Question #15
A client is using the budget planning process in Dynamics 365 FinancE. 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 cycles
D. Configure budget allocation terms
View answer
Correct Answer: b
Question #16
A client wants Dynamics 365 Finance to calculate sales tax on a sales order line once an item is addeD. The sales 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
View answer
Correct Answer: d
Question #17
You need to prevent the issue from reoccurring for User5. What should you do?
A. Use the audit list search query typE
B. Set up the aggregate query type for entertainment expenses
C. Set up the sampling query type for entertainment expenses
D. Add more keywords to the audit policy
View answer
Correct Answer: d
Question #18
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer. You need to registers 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. Acquisition
C. Value adjustments
D. Depreciation
View answer
Correct Answer: A
Question #19
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant 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 are canceled 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 information that was set up for the
A. Reclassify the fixed asset
B. Copy the fixed asset
C. Change the fixed asset group
D. Transfer the fixed assets
View answer
Correct Answer: D
Question #20
01.You need to configure the financial reporting fiscal calendar for Customer. What should you do?
A. se the closing period adjustments form
B. onfigure the fiscal calendar to include a 13th closing, period
C. onfigure the ledger calendar to include a 13th closing period
D. se the ledger calendar to set up the 4-5-4 calendar
View answer
Correct Answer: a
Question #21
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant 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 are canceled 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 information that was set up for the or
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
View answer
Correct Answer: A
Question #22
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
View answer
Correct Answer: B
Question #23
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 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
View answer
Correct Answer: A
Question #24
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 three configurations 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
View answer
Correct Answer: D
Question #25
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 management You 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
View answer
Correct Answer: A
Question #26
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, Ban
B. Budget Fixed assets, and Payroll
C. Accounts payable, Accounts receivable, Budget, and Fixed, assets
D. Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing
E. Accounts payable, Accounts receivabl
F. Ban G
View answer
Correct Answer: BCD
Question #27
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.
A. Mastered
B. Not Mastered
View answer
Correct Answer: A

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