Pass the Microsoft Financials Functional Consultant Associate MB-310 Questions and answers with CertsForce

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Questions # 11:

You need to identify the posting issue with sales order 1234.

What should you do?

Options:

A.

Correct the recognition basis.


B.

Validate that the revenue recognition schedule is populated on the sales order header.


C.

Update the revenue price allocation.


D.

Validate that the revenue recognition schedule is populated on the sales order line.


E.

Correct the recognition convention.


Expert Solution
Questions # 12:

A client has Accounts payable invoices in their legal 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 Finance 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.

Question # 12


Expert Solution
Questions # 13:

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.

Options:

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


Expert Solution
Questions # 14:

You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,

Question # 14

Question # 14


Expert Solution
Questions # 15:

You need to determine the root cause for User1’s issue.

Which configuration options should you check? To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

Question # 15


Expert Solution
Questions # 16:

Which configuration makes it possible for User4 to make a purchase?

Options:

A.

Budget model configuration is configured to allow certain purchases to exceed budget.


B.

Budget is posted at the dimension level. Budget control is managed at main account level.


C.

Budget funds available are configured to allow dimension budget overrides.


D.

Budget is posted at the main account level. Budget control is managed at the department level.


Expert Solution
Questions # 17:

You need to configure the system to meet invoicing requirement.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.

NOTE: Each correct selection is worth one point.

Question # 17


Expert Solution
Questions # 18:

You need to configure Accounts Receivable to take pre-orders.

Which feature should you use?

Options:

A.

Settle cloud transactions


B.

Accounting source explorer


C.

Settle open transactions


D.

Customer aging report


E.

Voucher transactions


Expert Solution
Questions # 19:

You need to configure system functionality for pickle type reporting.

What should you use?

Options:

A.

item model groups


B.

item groups


C.

procurement category hierarchies


D.

financial dimensions


E.

procurement categories


Expert Solution
Questions # 20:

You need to process expense allocations.

Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or net at all. You may need to drag the split bar between panes or scroll to view content.

NOTE: Each correct selection is worth one point.

Question # 20


Expert Solution
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