MB-310: Microsoft Dynamics 365 Finance Functional ConsultantDemo

You are the controller for a public-sector organization. You require detailed fiscal tracking and reporting.

You need to configure fund types categorized under specific fund classes. Which fund type can you configure for each fund class?

Each fund type may be used once, more than once, or not at all.

A client is implementing accounts receivable in Dynamics 365 Finance.

You need to identify which requirements can be fulfilled by configuring the customer posting profile.

Which three requirements can be fulfilled? Each correct answer provides a complete solution.

NOTE: Each correct selection is worth one point.

A company uses Microsoft Dynamics 365 Finance to administer customer support contracts.

You need to validate a customer's revenue recognition schedule.

On which two pages can you view the revenue recognition schedule? Each correct answer provides a complete solution.

> NOTE: Each correct selection is worth one point.

You are implementing Dynamics 365 Finance.

You must track freight charges. Freight amounts must be included in the vendor invoice amount, and the expense must be recorded in a ledger account defined for Freight.

You need to configure the Accounts payable charges.

How should you configure the charges?

Each posting type may be used once, more than once, or not at all.

The purchase order posting configuration is shown below:

Use the drop-down menus to choose the answer to each question based on the information in the graphic.

A company is implementing basic budgeting in Dynamics 365 Finance.

The company uses six-digit main-account numbers and these two account structures:

• Profit and loss, including main accounts for revenue and expenses.
• Balance sheet, including main accounts for assets, liabilities, and equity.

Accounts begin with the following numbers:

• Asset: 1
• Liability: 2
• Equity: 3
• Revenue: 4
• Cost of goods sold: 5
• Selling expense: 6
• Administration expense: 7
• Other income and expense: 8

Budget transfers are allowed only between selling-expense and revenue accounts.

Configure a budget transfer rule for the selling-expense account.

You have deployed Dynamics 365 Finance.

You must change the fiscal year to a 4-4-5 quarterly configuration.

You need to configure the fiscal year.

What should you do?

You need to configure the cash flow management reports.

How should you configure cash flow management?

Configure the vendor method of payment. Use the drop-down menus to select the answer to each question based on the displayed information.

A public-sector organization is setting up encumbrance processing to manage capital budgets. The finance department must configure posting definitions for bank transactions. You need to configure Dynamics 365 Finance for cash settlements.

What should you do?

You are implementing cost management for a company.

The company requires inventory posting profiles to control the posting of inventory subledger transactions to the general ledger separately for receiving and invoicing, and for each individual legal entity.

You need to configure the inventory posting profiles.

Which two configurations should you use? Each correct answer provides a complete solution.

NOTE: Each correct selection is worth one point.

HOTSPOT —

A client uses Dynamics 365 Finance for sales order processing and accounts receivable. The client has two customer groups and two Accounts receivable trade accounts. Foreign customers in Group 80 are assigned to account 12001. Domestic customers in Group 40 are assigned to account 12000.

You are viewing the client’s current Customer posting profiles setup.

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

A company uses Microsoft Dynamics 365 Finance.

You receive a new purchase invoice and must process it as a fixed asset that complies with applicable tax regulations. Double entry is not allowed for asset acquisitions.

You need to configure the asset and books.

In what order should you perform the actions?

Ensure that User9’s purchase is recorded correctly.

Which three actions should you take? Each correct answer represents part of the solution.

NOTE: Each correct selection is worth one point.

A company intends to allocate revenue across occurrences by using a recognition basis.

Which recognition basis can be used?

An organization plans to use defined journal names for each purpose and wants to make journal processing easier and more secure.

The organization has these requirements:

• Set restrictions on account type and segment values.
• Accurately capture data for offset accounts, currency, and financial dimensions.
• Maintain internal control and set materiality limits.

You need to configure journal name elements to meet these requirements.

Which three journal elements should you configure? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

You use Dynamics 365 Finance. Your company provides cash discounts. The discounts are offered sequentially to particular customers. Customers must pay their invoices within a specified period. The cash discounts are:

• 5D10% - A cash discount of 10 percent if the amount is paid within 5 days.
• 10D5% - A cash discount of 5 percent if the amount is paid within 10 days.
• 14D2% - A cash discount of 2 percent if the amount is paid within 14 days.

Cash discounts can be granted only when payments are made within 10 days.

You need to configure cash discounts.

What should you do?

A company is implementing Microsoft Dynamics 365 Finance.

The company has multiple vehicles. All vehicles are depreciated by using the straight-line service life depreciation method. The same ledger account records transactions when vehicle assets are acquired.

You need to configure the vehicles as fixed assets in the system.

Which feature should you use? Each feature may be used once, more than once, or not at all.

You need to configure commitments in the system for existing purchasing contracts. Each commitment type may be used once, more than once, or not at all.

A company is implementing the general ledger module of Dynamics 365 Finance.

The company must allocate advertising expense according to each department’s sales as a proportion of total sales.

You need to configure the allocation rule.

Solution: Configure two account structures: one for expense accounts that includes the applicable dimensions, and one for balance-sheet accounts that excludes financial dimensions.

Does this solution meet the goal?

Solution: Set up one account structure for expense accounts and apply advanced rules.

Does this solution meet the goal?

Solution: Set up one account structure for expense accounts and include the applicable dimensions.

Does this solution meet the goal?

Solution: Set up default financial dimensions only on expense accounts.

Does this solution meet the goal?