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Unlock Success with Microsoft MB-310 Pracatice Questions, Microsoft Dynamics 365 Certification | SPOTO

Welcome to SPOTO's Unlock Success with Microsoft MB-310 Practice Questions, designed specifically for Microsoft Dynamics 365 Certification seekers. Our platform offers an extensive array of resources, including practice tests, free test samples, and exam dumps, to facilitate your exam preparation journey. With our comprehensive collection of online exam questions and answers, you can simulate real exam scenarios and enhance your confidence levels. Our mock exams are meticulously curated to align with the exam objectives, providing an authentic test-taking experience. Whether you're looking to hone your exam practice skills, explore sample questions, or access exam materials, SPOTO has you covered. Our latest practice tests are crafted to equip you with the necessary knowledge and expertise to excel in passing the certification exam. Prepare effectively with SPOTO and unlock the path to becoming a certified Microsoft Dynamics 365 Finance Functional Consultant.
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Question #1
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.A company requirement states that all purchase orders for purchases under $500 must be approved by a line manager. Allpurchase 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 shoul
A. Delegate
B. Complete
C. Start a workflow
D. Approve
View answer
Correct Answer: C
Question #2
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.You are configuring collections in the Accounts Receivable module. You have configured members of the Accounts team ascollection agents.Each collection agent will monitor different groups of customers. You need to define groups of customer accounts that canbe displayed and managed for collections or aging processes by the collection agents.Which of the following should you configure?
A. Customer groups
B. Customer pools
C. Customer aging snapshots
D. Collection agent teams
View answer
Correct Answer: B
Question #3
A company uses Microsoft Dynamics 365 Finance and Dynamics 365 Project Operations. The company must associate fixed assets with subprojects to track the money that the company spends to maintain assets. You need to configure subprojects to track the associated fixed asset transactions. Which two types of subprojects can you use? Each correct answer presents a complete solution. NOTE: Each correct selection Is worth one point.
A. nternal
B. ixed price
C. ime and material
D. nvestment
E. ost
View answer
Correct Answer: AE
Question #4
You maintain account control and bank balances for a company. You have a $100,000 credit limit from a bank. You must prevent the bank account from going below the defined credit limit when a transaction is posted. You need to configure the bank account credit limit. What should you do?
A. dd $100,000 in the bank credit limit
B. efine a credit limit of $100,000 on the invoicing vendor account
C. et the Control Balance option to credit in the General ledger account associated with the bank account
D. dd -$100,000 in the bank credit limit
View answer
Correct Answer: D
Question #5
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 managing credit and collections. You need to set up mandatory credit l
A. o
B. es
View answer
Correct Answer: B
Question #6
A multicompany enterprise has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a FunctionalConsultant. Your role will include the management of the Dynamics 365 Finance system.You need to configure intercompany accounting.You begin by configuring the intercompany main accounts to use for the Due to and Due from accounting entries.Which of the following should you select in the Main account type field on the Main accounts page?
A. Total
B. Balance sheet
C. Equity
D. Profit and loss
View answer
Correct Answer: B
Question #7
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.You have assigned the Vendor (external) security role to a vendor that will work with purchase orders.Which two of the following actions can the vendor perform? (Choose two)
A. Respond to and view information about purchase orders
B. Request a new user account for a contact person by using the Provision user action
C. Add a new or existing contact person to the vendor accounts that they are a contact for
D. Request that a contact person's user account be inactivated
E. Maintain vendor collaboration invoices
View answer
Correct Answer: AE
Question #8
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.You are configuring the methods of payment in the Accounts Receivable module.You need to configure the system to perform validation while using a method of payment in a journal entry. The validationmust ensure that the wire number is entered when an electronic payment is received.Which of the following validation options should you select?
A. Payment reference is mandatory
B. Bank transaction type is mandatory
C. Payment specification is mandatory
D. Payment ID is mandatory
E. Payment note is mandatory
View answer
Correct Answer: A
Question #9
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.The company has eight departments across three divisions.You need to be able to run the trial balance in the following ways:By main account, division, department and cost center.By main account, division and department. By main account and division.You configure financial dimensions for division, department and cost center.What should you do next?
A. Configure three financial dimension sets
B. Configure one financial dimension set
C. Configure one account structure
D. Configure three account structures
View answer
Correct Answer: A
Question #10
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.You are configuring the Accounts Receivable module. Vendors often apply charges for certain items.You need to configure a maximum amount that is allowed for a charge. Invoice matching validation is enabled.Where should you configure the maximum charge amount?
A. In a charge code
B. On the vendor record
C. In a budget control rule
D. In the vendor payment terms
View answer
Correct Answer: A
Question #11
You work as the Accounts Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accountingsystem.You need to configure a payment proposal to make a payment to a vendor.Which of the following actions should you perform first?
A. Create a payment proposal
B. Select the invoices to be paid
C. Create a payment journal record
D. Select the Create Payments option
E. Select the Generate Payment option
View answer
Correct Answer: C
Question #12
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 manage a Dynamics 365 finance implementation. You must provide the budget
A. es
B. o
View answer
Correct Answer: B
Question #13
An exchange rate provider has been configured for Dynamics 365 Finance. Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays and all days between April 1 and June 30. Foreign currency transactions from March 1 to June 30 fail to post. You need to reconfigure the system to post transactions for this period. Which two configuration changes should you make to the ledgers? Each correct answer presents part of the solution. NOTE: Each correct
A. et Prevent import on national holiday to True
B. et Create necessary currency pairs to True
C. et Import as of start date to Apr 01
D. dd a key named BaseCurrency and value of USD
E. dd a key named FloatCurrencies and set the value to True
View answer
Correct Answer: CD
Question #14
You work as a Financial Consultant. You have been hired by a company to manage the Microsoft Dynamics Finance 365system.You are configuring intercompany accounting.You have configured the main accounts. You now need to configure a journal for the intercompany accounting.Which journal type should you use?
A. Budget
B. Elimination
C. Daily
D. Allocation
View answer
Correct Answer: C
Question #15
Your role of Systems Administrator includes the management of your companys Microsoft Dynamics 365 Finance system.The Finance Manager asks you to create a custom financial report. You plan to use Report Designer to configure the report.You need to identify the report components and their purposes.Which component defines the period to use when data is extracted from the financial dimensions?
A. Row definition
B. Column definition
C. Reporting tree definition
D. Report definition
View answer
Correct Answer: B

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