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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 81–90 of 144

Q81

What happens when a financial year is closed in Dynamics 365 Finance?

  • A Transactions cannot be posted.
  • B User access to reports is revoked.
  • C No new invoices can be created.
  • D Historical data is deleted.
Explanation Closing the financial year prohibits new transactions but retains all data and reporting functionality for prior years; other options present incorrect consequences.
Q82

Which module in Dynamics 365 Finance primarily handles financial statements and reporting?

  • A Financial Management
  • B Inventory Management
  • C Human Resources
  • D Sales and Marketing
Explanation Financial Management handles all aspects of financial reporting, while others focus on different business areas.
Q83

A company needs to manage employee benefits effectively. Which feature should they use?

  • A Expense Management
  • B Leave Management
  • C Benefits Administration
  • D Payroll Processing
Explanation Benefits Administration specifically manages employee benefits, unlike the other options.
Q84

What happens when a posting profile is incorrectly configured in Dynamics 365 Finance?

  • A Transactions may fail to post
  • B System performance improves
  • C Reports generate faster
  • D User permissions are reset
Explanation An incorrect posting profile can indeed prevent transactions from posting successfully.
Q85

Which module is primarily used for tracking customer invoices in Dynamics 365 Finance?

  • A Accounts Receivable
  • B Accounts Payable
  • C General Ledger
  • D Fixed Assets
Explanation Accounts Receivable manages customer invoices; the others handle different financial functions.
Q86

A company needs to analyze financial performance by department each month. What feature should they use?

  • A Financial dimensions
  • B Workspaces
  • C General Journal
  • D Sales Tax
Explanation Financial dimensions allow tracking finances by departments; others don’t provide departmental analysis.
Q87

You are configuring workflows in Dynamics 365 Finance. What happens when a workflow step is approved?

  • A Immediate rejection of previous steps
  • B Auto creation of new journal entries
  • C Progression to the next active step
  • D Workflow stops completely
Explanation Approved steps allow the workflow to move forward, while others misrepresent workflow behavior.
Q88

Which service allows for automation of financial processes in Dynamics 365?

  • A Power Automate
  • B Power BI
  • C Logic Apps
  • D Data Factory
Explanation Power Automate is specifically designed for workflow automation, while others serve different functions.
Q89

A company needs to analyze trends in customer payments. Which module in Dynamics 365 is best suited for this?

  • A Accounts Payable
  • B Accounts Receivable
  • C General Ledger
  • D Inventory Management
Explanation Accounts Receivable focuses on customer payments and can provide insights into payment trends, while others do not.
Q90

You are configuring financial dimensions in Dynamics 365. What is the primary purpose of a financial dimension?

  • A To track employee performance
  • B To categorize financial transaction
  • C To manage project budgets
  • D To calculate tax rates
Explanation Financial dimensions categorize transactions for reporting, while others involve different financial aspects.