MB-310 Exam Dumps - Microsoft Dynamics 365 Finance

A company uses Dynamics 365 Finance for sales tax calculation and reporting. You have configured the sales tax code, sales tax group, and item sales tax group: The JAX sales tax group includes the following tax codes:

• Jacksonville

• Duval CT

• FL

• FL Special 1

• FL Special 2

• FL Special 3

• FL Special 5

The default item sales tax group includes the following tax codes:

• Jacksonville

• Duval CT

• FL

• FL Special 1

• FL Special 2

• FL Special 3

• FL Special 4

• Lake Worth

• Palm Beach CT

You assign the JAX sales tax group as the sales tax group, and default item sales tax group on the sales order. You need to select the tax code used for tax calculation on the sales order.

What should you choose?

A)

B)

C)

D)

A company uses Dynamics 365 Finance for accounts receivable.

The company plans to offer the following cash discounts to customers:

• Ten percent discount when the amount is paid within 7 days.

• Five percent discount when the amount is paid within 14 days.

• Two percent discount when the amount is paid within 21 days.

You configure the cash discount codes 7D10%, 14D5%, and 21D2%. You need to assign the cash discounts in the Customer account setup. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

A company uses Microsoft Dynamics 365 Finance.

You receive a new purchase invoice. You must process the invoice as a fixed asset that complies with applicable tax regulations. Double entry is not permitted for asset acquisitions.

You need to configure the asset and books.

Which four actions should you recommend be performed in sequence? To answer move all actions from the list of actions to the answer area and arrange them m the correct order.

You Create a financial dimension set named MA + DEPT+PROJ as shown in the following screenshot. The financial dimension set include the following dimensions:

• Main Account

• Department

• Project

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

You need to configure an Accounts payable charge for freight for a company. The company requires that the system include the freight invoice to be paid to the vendor and record the expense in main account 600120 - Freight In.

A company uses basic budgeting functionality in Dynamics 365 Finance.

The company requites an approval process for budget register entries. The company wants to add fixed asset depreciation expenses to its budget register entry. The depreciation expense must be automatically calculated.

You need to configure the necessary components in the system.

Which components should you configure?

To answer, select the appropriate options in the answer area.

NOTE: Each correct selection is worth one point.

A company is setting up a budget control system to improve financial management. The company completes the following initial steps:

• Defined financial dimensions

• Set default time intervals

• Configured basic budgeting parameters

The company requires the budget control functionality to monitor and compare the actual expenditures to the budgeted amounts.

You need to configure the budget control configuration linked to the budgeted amount so that the system can effectively monitor and compare actual expenditures to budgeted amounts.

What should you do next?

A client has unique accounting needs that sometimes require posting definitions.

You need to implement posting definitions.

In which situation should you implement posting definitions?