New 2022 Latest Questions MB-310 Dumps - Use Updated Microsoft Exam [Q30-Q46]

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New 2022 Latest Questions MB-310 Dumps – Use Updated Microsoft Exam

Latest MB-310 Exam Dumps Microsoft Exam from Training Expert BraindumpsIT

Implementing & Managing Accounts Payables and Expenses (10-15%):

Manage and implement account payables: this domain requires competence in configuring validation policies for the invoice; setting up posting profiles for vendors; processing orders, payments, and invoices; configuring Vendor Collaborations modules; configuring account payable charges; configuring vendor payments, such as payment calendars and positive pay;
Configure & utilize expense management: this topic covers the skills in configuring workflow for expense management; configuring expense management, such as per diem options, personal expenses, categories, and mileage expenses; explaining the use cases for expense management policies as well as an Audit workbench; explaining and configuring credit card processing; managing expense reports.

Q30. 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?

Accounts payable, Accounts receivable, Bank, Budget, Payroll, and Purchasing

Accounts payable, Bank, Budget, Fixed assets, and Payroll

Accounts payable, Accounts receivable, Fixed assets, Payroll, and Purchasing

Accounts payable, Accounts receivable, Budget, and Fixed assets

Section: Topic 1, Set up and configure financial management

Q31. 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.

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.

Create a new main account for Shareholder distribution. Add an advanced rule for the Principal dimension.

Create an account structure for all the balance sheet accounts. Set up an advanced rule for the Shareholder distribution account for the Principal dimension.

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.

Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

Q32. 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 management
You need to create the new budgets.
Solution: Create budget plans to define the revenues for a budget
Does the solution meet the goal?

Yes

Q33. A client plans to use financial statements in Dynamics 365 Finance. The client wants to process the statements by using various combinations of the components to create custom reports.
You need to associate the report components to the purpose.
Which report components should you use for each purpose? To answer, drag the appropriate component to the correct purpose. Each component 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.

Explanation

Reference:
https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/financial-report-components

Q34. 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?

Select payment reference

Select bank transaction type

Select Deposit slip

Select Payment ID

Q35. You must configure journal controls in Dynamics 365 for Finance and Operations.

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic

Explanation

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/general-journal-proc

Q36. A company needs to create budget plan templates for its budgeting process.
You need to create the budget plan templates.
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.

Q37. 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?

Request a new user account for a contact person by using the Provision user action.

Maintain vendor collaboration invoices.

Delete any contact person that they have created.

View and modify contact person information, such as the person’s title, email address, and telephone number.

Note:
There are several versions of this question in the exam. The question has two possible correct answers:
1. View consignment inventory.
2. Maintain vendor collaboration invoices.
Other incorrect answer options you may see on the exam include the following:
1. Add a new or existing contact person to the vendor accounts that they are a contact for.
2. Request a new user account for a contact person by using the Provision user action.
3. Deny or allow a contact person’s access to documents on the vendor collaboration interface that are specific to the vendor account.
4. Maintain vendor collaboration invoices.
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/set-up-maintain-vendor-collaboration

Q38. SIMULATION
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne.
To complete this task, sign in to the Dynamics 365 portal.

* Navigate to System administration > Security > Assign users to roles
* Select the ‘Accountant Closing’ role.
* Click the “Manually assign / exclude users” button
* Select the Theresa Jayne user account and click the “Assign to role” button.
* Click the “Assign organizations” button
* Select the “Grant access to specific organizations” option
* Select the USMF legal entity and click the “Grant” button.

* Navigate to System administration > Security > Assign users to roles
* Select the ‘Accountant Closing’ role.
* Click the “Manually assign / exclude users” button
* Select the Theresa Jayne user account and click the “Assign to role” button.
* Select the “Grant access to specific organizations” option
* Select the USMF legal entity and click the “Grant” button.

Reference:
https://www.dynamics-tips.com/system-administration/security-roles

Q39. You need to configure invoice validation for vendors in Dynamics 365 for Finance and Operations. You are viewing the Accounts payable parameter for Invoice validation.

Explanation

Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-payable/tasks/set-up-accounts-payable-invoice-

Q40. 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.

Explanation

Q41. You need to select the functionality to meet the requirement.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used 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.

Reference:
https://www.mscloudexperts.com/how-to-set-up-fixed-assets-to-register-transactions-in-posting-layers/

Q42. 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?

when financial dimensions need to default from the vendor record onto an invoice

when only certain dimensions are allowed to post with certain main account combinations

when creating multiple balanced ledger entries based on transaction types or accounts

when the system needs to automatically post a transaction to the accounts receivable account on invoice posting

Q43. You are setting up main accounts in Dynamics 365 for Finance and Operations.
You need to configure the main accounts to meet the requirements.
Which options should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.

Explanation

Q44. A private sector client needs item groups set up to support the procurement process.
The Audio Item group posting for a purchase order is configured as shown:

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.

Q45. You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts,

Q46. 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.