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Microsoft Dynamics 365 Finance Functional Consultant Certification Exam (MB-310) is a valuable certification for financial professionals, consultants, and developers. Microsoft Dynamics 365 Finance Functional Consultant certification exam validates the candidate's knowledge and skills in using Microsoft Dynamics 365 Finance and Operations applications for financial management. MB-310 Exam is rigorous and requires extensive preparation and study, but passing the exam will enhance the candidate's career prospects and demonstrate their expertise in finance-related tasks.
>> New MB-310 Exam Objectives <<
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To pass the MB-310 Exam, candidates must have a solid understanding of various financial concepts, such as budgeting, financial reporting, and financial operations. They must also have a thorough understanding of how the Microsoft Dynamics 365 Finance application works and how it can be used to manage financial operations.
NEW QUESTION # 225
You need to set up financial reports to meet management requirements. What should you do? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Answer: A,C,D
Explanation:
Set up a Report Schedule (Option A & B):
* To automate report generation on a monthly basis, navigate to General ledger > Inquiries and reports
> Financial reports.
* Choose the report to schedule and select Report schedules. Here, you can define whether the schedule applies to a reporting group or an individual report, depending on the organization's requirements.
Reference: Dynamics 365 documentation on scheduling financial reports.
Set up a Reporting Tree Definition (Option C):
Reporting trees allow you to structure financial reports based on organizational hierarchies. Go to General ledger > Inquiries and reports > Financial reports, then create or modify a reporting tree definition as needed.
Reporting tree definitions are particularly useful for presenting consolidated reports or segmented reports across different entities or departments.
Reference: Microsoft guidance on setting up reporting tree definitions for hierarchical reporting.
Create a Report Group (Option D):
To create a report group, go to General ledger > Inquiries and reports > Financial reports, then select Report group and add the necessary financial reports.
This approach enables you to generate multiple reports simultaneously, which is useful for consistent monthly reporting to management.
Reference: Creating report groups as part of the financial reporting setup in Dynamics 365 Finance.
NEW QUESTION # 226
You are a controller for a public sector organization. You need detailed fiscal tracking and reporting.
You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund type may be used once, more than once, or not at all. You may need to dreg the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION # 227
A client is implementing the Budgeting module in Dynamics 365 Finance.
You need to configure the correct budget control area to meet the client's requirements.
Track budgeting control on purchase requisitions.
Include unposted actual transactions in the calculation of the remaining budget for the period.
Allow specific individuals to post transactions that exceed the budget.
Specify main accounts that are subject to budget control, instead of selecting Main account as a dimension for budgeting.
What should you configure? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-control-overview-configuration
NEW QUESTION # 228
A company manufactures air filtering units for industrial manufacturing plants.
The company offers specific incentives if customers pay within a certain number of days to include:
* 10 percent off if paid in full within 5 days
* 5 percent off if paid in full within 10 days
Customers who pay by electronic funds transfer (EFT) will be charged $15 per transfer. You need to configure the system.
Which option should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation:
NEW QUESTION # 229
You need to select the functionality to meet the requirement.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://www.mscloudexperts.com/how-to-set-up-fixed-assets-to-register-transactions-in-posting-layers/
NEW QUESTION # 230
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