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

Start Mock Test Timed · Full-length · Scored

You are configuring a workflow in Dynamics 365 Finance. What happens when a user with the lowest approval level denies a request?

A Request moves to next level
B Request is completely rejected
C Request is sent back for edits
D Request is archived automatically

Explanation A denial at any approval level completely rejects it; other options don't reflect the workflow logic accurately.

Q22

A company needs to manage multi-currency transactions in Dynamics 365 Finance. Which feature should they enable?

A Multi-currency support
B Global consolidation
C Budget control
D User-defined fields

Explanation Multi-currency support is essential for transaction management, while other options are unrelated or more specific functionalities.

Q23

You are configuring a pricing strategy in Dynamics 365. What would you use to set up specific discounts for recurring customers?

A Sales agreements
B Payment terms
C Product categories
D Item charges

Explanation Sales agreements allow for tailored pricing strategies involving discounts, while the others do not fulfill this specific purpose.

Q24

What happens when a vendor invoice is matched to a purchase order exceeding its amount?

A Invoice is automatically rejected
B Invoice amount adjusted to match PO
C Invoice remains open for approval
D PO amount is increased by the difference

Explanation The invoice remains open for approval until further action is taken, as it can't be automatically adjusted or rejected without user input.

Q25

Which module in Dynamics 365 Finance manages receivables and collections?

A Accounts Receivable
B Accounts Payable
C General Ledger
D Inventory Management

Explanation Accounts Receivable specifically handles customer invoicing and collections; others manage different financial aspects.

Q26

A company needs to optimize its financial reporting. What feature should they utilize?

A Financial Dimensions
B Management Reporter
C Data Entity
D Role-Based Security

Explanation Management Reporter is designed for financial reporting optimization; others serve different functions.

Q27

What happens when you disable a vendor record in Dynamics 365 Finance?

A All outstanding invoices are deleted
B Vendor can no longer be selected
C Pending purchase orders are canceled
D Historical data is removed

Explanation Disabling a vendor prevents selection but retains history; other options misinterpret disable functionality.

Q28

Which financial report summarizes revenue and expenses?

A Income Statement
B Balance Sheet
C Cash Flow Statement
D Trial Balance

Explanation The Income Statement shows revenue and expenses, while others focus on different aspects of financial health.

Q29

A company needs to classify products for tax purposes. What should they use?

A Item group
B Sales tax code
C Product category
D Fiscal calendar

Explanation Sales tax codes determine tax classification directly, whereas others do not focus solely on taxation specifics.

Q30

You are configuring depreciation for an asset. What happens if the method is set to 'declining balance'?

A Depreciation is consistent each year
B Higher depreciation in early years
C Equal depreciation for each period
D Depreciation stops after five years

Explanation Declining balance results in higher depreciation initially, while the other options misrepresent depreciation methods.