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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 51–60 of 144

Q51

What happens when a user creates a purchase order without a vendor in Dynamics 365?

  • A Error message appears
  • B Order is saved as draft
  • C Order is created but invalid
  • D System automatically assigns a vendor
Explanation A purchase order without a vendor becomes invalid and may confuse processing.
Q52

Which feature allows for advanced budgeting in Dynamics 365 Finance?

  • A Budget Control
  • B Financial Dimensions
  • C Cash Flow Management
  • D Vendor Management
Explanation Budget Control provides advanced budgeting features, while others serve different purposes.
Q53

A company needs to set up multiple legal entities. What should be the first step?

  • A Configure the Chart of Accounts
  • B Create a Legal Entity
  • C Define Financial Dimensions
  • D Set up User Roles
Explanation Creating a Legal Entity is the foundational step before other configurations.
Q54

What happens when you enable the 'Allow Overdrawn Credit' option for a customer account?

  • A Customer cannot exceed credit limit.
  • B Invoices cannot be generated.
  • C Customer can exceed credit limits.
  • D Payments are automatically rejected.
Explanation Enabling this option allows customers to exceed their credit limits, affecting cash flow.
Q55

Which financial dimension allows for tracking expenses by department?

  • A Department
  • B Project
  • C Customer
  • D Vendor
Explanation The Department dimension specifically allows expenses to be categorized by department, while others do not serve this purpose.
Q56

A company needs to ensure that only specific users can access sensitive financial reports. What should the consultant advise?

  • A Use user-defined roles
  • B Implement data areas
  • C Expand license types
  • D Increase CPU resources
Explanation User-defined roles can restrict access to sensitive reports, unlike the other options which do not directly address security.
Q57

What happens when a ledger is closed in Dynamics 365 Finance?

  • A No new transactions can be posted
  • B Previous periods are editable
  • C Reports cannot be run
  • D All balances reset to zero
Explanation Closing a ledger prevents any new transactions from being posted, ensuring period integrity.
Q58

Which module in Dynamics 365 Finance handles payroll processing?

  • A Human Resources
  • B Project Management
  • C Supply Chain Management
  • D Sales and Marketing
Explanation Human Resources manages payroll, while others serve different functions.
Q59

A company needs to ensure only finance team can view financial reports. What should be configured?

  • A User Roles
  • B Inventory Levels
  • C Data Entity
  • D Application Insights
Explanation User Roles control access to specific functionalities like reports.
Q60

What happens when a customer payment is posted incorrectly?

  • A Repost the payment.
  • B Run a revenue recognition report.
  • C Delete the payment record.
  • D Create a journal adjustment.
Explanation A journal adjustment corrects errors in posted transactions.