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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 41–50 of 144

Q41

A company needs to segregate duties in financial processes. What feature should they use?

  • A Role-based security
  • B Data entities
  • C Document management
  • D Workspaces
Explanation Role-based security allows you to define user roles and separate duties, whereas the others do not provide this feature.
Q42

What happens when a vendor invoice is parked?

  • A Invoice is completely processed
  • B Invoice can be edited later
  • C Vendor will be notified
  • D Payment is automatically scheduled
Explanation Parking an invoice keeps it editable until approved, while others imply finalization or notifications incorrectly.
Q43

Which financial module primarily handles cash flow in Dynamics 365 Finance?

  • A Cash and Bank Management
  • B Accounts Payable
  • C Accounts Receivable
  • D Fixed Assets
Explanation Cash and Bank Management is focused on cash flow, while others manage different aspects of finance.
Q44

A company needs to enforce automatic payment processing for due invoices. What should they configure?

  • A Payment Schedules
  • B Payment Journals
  • C Automatic Invoice Setup
  • D Payment Distributions
Explanation Payment Schedules allow automatic processing of invoices due for payment.
Q45

What happens when a user attempts to post an invoice in Dynamics 365 Finance without a valid posting profile?

  • A The system processes the invoice.
  • B An error message displays.
  • C The invoice goes to the approval queue.
  • D The invoice is saved in drafts.
Explanation An error occurs when no valid posting profile is assigned to the invoice.
Q46

Which document does the trial balance represent?

  • A Summary of account balances
  • B Detailed transaction history
  • C List of customers
  • D Sales forecast report
Explanation The trial balance provides a summary of account balances to ensure debits equal credits, while others do not represent this function.
Q47

A company needs to track multiple currencies. What should be configured in Dynamics 365 Finance?

  • A Currency exchange rates
  • B Tax rates
  • C Customer segments
  • D Inventory types
Explanation Currency exchange rates allow transaction conversions, while the other options do not directly address multi-currency tracking.
Q48

What happens when you set a static account for workflow approvals?

  • A Only specific users can approve
  • B All users can approve
  • C Workflow is automatically bypassed
  • D Workflow fails to initiate
Explanation A static account restricts approval rights to specific users, while the other options misunderstand how workflows function.
Q49

A company needs to automate its invoice processing. Which feature in Dynamics 365 can facilitate this?

  • A Electronic invoicing
  • B Payment reconciliation
  • C Scheduled reporting
  • D Budget planning
Explanation Electronic invoicing automates invoice processing, while others do not.
Q50

You are configuring a new fiscal calendar for a company. What must you ensure before activation?

  • A All previous periods are closed
  • B System is in maintenance mode
  • C No active vendors
  • D All users are logged out
Explanation Closing previous periods ensures proper financial integrity, whereas others are not necessary.