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 61–70 of 144

Q61

Which financial statement shows the company's performance over a specific period?

  • A Balance Sheet
  • B Cash Flow Statement
  • C Income Statement
  • D Equity Statement
Explanation The Income Statement reflects revenues and expenses over a period.
Q62

A company needs to ensure transactions are approved based on monetary thresholds. Which feature should they implement?

  • A Workflow Automation
  • B Sales Tax Management
  • C Budget Control
  • D Project Management
Explanation Workflow Automation allows for transaction approvals based on defined thresholds.
Q63

You are configuring a new invoice journal. What will happen if you forget to set the posting type?

  • A Posting will complete successfully
  • B System will show an error
  • C It defaults to 'Invoice'
  • D Transaction will be reversed automatically
Explanation The system will show an error requiring the posting type to be set.
Q64

Which payment method allows instant payments in Dynamics 365 Finance?

  • A Digital wallets
  • B Bank transfers
  • C Cash or checks
  • D Credit card payments
Explanation Digital wallets support instant payments, while others often involve delays.
Q65

A company needs to ensure accurate tax calculations for different regions. What should they configure?

  • A Product dimensions
  • B Tax groups
  • C Inventory levels
  • D Customer tiers
Explanation Tax groups are essential for accurate regional tax calculations.
Q66

What happens when you enable the automatic settlement feature for transactions?

  • A Transactions cannot be manually settled
  • B Duplicate payments are created
  • C Settlements are processed automatically
  • D It stops credit memos from posting
Explanation Automatic settlement processes reconciliations without manual input, while others present misleading outcomes.
Q67

Which service allows tracking of customer transactions?

  • A Dynamics 365 Sales
  • B Azure SQL Database
  • C Dynamics 365 Finance
  • D Power BI
Explanation Dynamics 365 Finance focuses on financial transactions and management, while others serve different purposes.
Q68

A company needs to analyze cost variances for various departments. Which tool would be most appropriate?

  • A Budgeting module
  • B Procurement module
  • C Project Management module
  • D Data Entity exports
Explanation The Budgeting module is specifically designed to track and analyze cost variances across departments.
Q69

What happens when end-of-month closing is not performed in Dynamics 365 Finance?

  • A No new transactions can be recorded.
  • B Reports may contain inaccurate data.
  • C Payroll will stop processing.
  • D User access will be restricted.
Explanation Not performing end-of-month closing can lead to discrepancies in financial reporting.
Q70

Which module in Dynamics 365 Finance primarily manages budgeting?

  • A Budgeting module
  • B Accounts payable
  • C General ledger
  • D Inventory management
Explanation The Budgeting module is explicitly designed for managing budgets, while the others serve different functions.