Microsoft Azure

Microsoft Dynamics 365 Finance Functional Consultant

MB-310
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Get ready for the MB-310 exam to validate your expertise in Microsoft Dynamics 365 Finance.

144 questions 0 views Free
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Questions 111–120 of 144

Q111

You are configuring the financial dimensions in Dynamics 365. What happens when you apply a dimension value to an account?

  • A It restricts all transactions
  • B It creates a reporting category
  • C It limits user access
  • D It classifies financial data
Explanation Applying a dimension value classifies financial data for analysis; others do not accurately describe the result.
Q112

A company needs to automate the reconciliation of vendor invoices. Which feature is most suitable for this task?

  • A Vendor invoice matching
  • B Manual journal entries
  • C Payment schedule tracking
  • D Inventory adjustments
Explanation Vendor invoice matching automates the reconciliation process, while the others do not relate directly to vendor invoice management.
Q113

You are configuring a workflow for purchase requisitions. What happens when you enable multi-level approval?

  • A Only one manager can approve
  • B All approvers are notified simultaneously
  • C Approval is sequential across levels
  • D Requisitions can bypass all approvals
Explanation Multi-level approval requires approvals in a stepwise manner, while the other options incorrectly represent workflow functionality.
Q114

Which financial statement can you use for a quick assessment of a company's financial position at a point in time?

  • A Income statement
  • B Balance sheet
  • C Cash flow statement
  • D Trial balance
Explanation The balance sheet provides a snapshot of assets and liabilities, while the other statements reflect performance over time.
Q115

Which feature allows tracking of financial transactions in Dynamics 365 Finance?

  • A General Ledger
  • B Customer Insights
  • C Power BI
  • D Azure Functions
Explanation The General Ledger is designed for financial transactions, while the others serve different purposes.
Q116

A company needs to set up intercompany transactions. Which configuration is primarily required?

  • A Posting profiles
  • B Currency exchange rates
  • C Legal entities
  • D Product categories
Explanation Legal entities must be defined to facilitate intercompany processes, while other options relate to different functionalities.
Q117

What happens when you set a deferred revenue account in Dynamics 365 Finance?

  • A Recognizes revenue immediately
  • B Delays revenue recognition
  • C Raises cash balance
  • D Audits financials automatically
Explanation Setting a deferred revenue account delays revenue recognition until certain conditions are met, contrary to immediate recognition.
Q118

Which feature in Dynamics 365 Finance helps manage financial compliance?

  • A Regulatory Compliance Manager
  • B Audit Trail Settings
  • C Financial Dimensions
  • D Tax Configuration
Explanation Regulatory Compliance Manager assists in managing financial compliance, while the others focus on specific aspects but not overall compliance.
Q119

A company needs to enforce purchasing limits for specific employees. Which functionality should they use?

  • A Approval workflows
  • B Budget controls
  • C User Roles
  • D Vendor Limits
Explanation Budget controls are designed to enforce purchasing limits, while the others do not specifically limit purchasing amounts directly.
Q120

What happens when a customer invoice is posted and then disputed in Dynamics 365 Finance?

  • A It can be deleted immediately
  • B It is automatically reversed
  • C It stays as open until resolved
  • D It's archived automatically
Explanation The invoice will remain open until the dispute is resolved, as it's a common process to manage disputes in accounting.