Microsoft Dynamics 365 MB-310 pdf

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A company is preparing to complete a year-end close process. You need to configure the Dynamics 365 for Finance and Operations General ledger module. 
Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. 
A. Configure the Fiscal year close parameters 
B. Configure the ledger calendar for the new fiscal year 
C. Configure the transfer balance 
D. Validate the main account type 
E. Create the next fiscal year 
Answer: ADE

A legal entity has locations and customers in multiple states within the United States. 
You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. 
Which three settings must you configure? Each correct answer presents part of the solution. 
NOTE: Each correct selection is worth one point. 
A. the Sales tax group on the Customer record 
B. the Terms of delivery setup 
C. the Item Sales tax group on the Item record 
D. the Sales reporting codes 
E. the Sales tax codes 
Answer: ABE

You are configuring automatic bank reconciliation functionality for a company that has multiple bank accounts. The company wants to import their bank statements. You need to import electronic bank statements to reconcile the bank accounts. 
Which three actions can you perform? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. 
A. Select all the bank accounts for the bank statement files, and then upload all files 
B. Select Account reconciliation on the bank account form 
C. Import bank statements from the Data management workspace 
D. Navigate to Import statement on the Bank Statements page of Cash and Bank Management 
E. Select Import statement for multiple bank accounts in all legal entities, and then upload a zip file 
Answer: BDE

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? 
A. when financial dimensions need to default from the main account onto an invoice 
B. when using encumbrance accounting for purchase orders 
C. when the system needs to automatically post a transaction to the accounts receivable account on invoice posting 
D. when creating one offset ledger entry based on transaction type 
Answer: B

An organization uses Dynamics 365 for Finance and Operations. 
Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting. 
You need to prevent these invalid combinations. 
What should you do? 
A. Configure the account structure to specify which financial dimensions are valid for which main accounts. 
B. Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used. 
C. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts. 
D. Associate the correct main accounts to that financial dimension on the financial dimension setup form. 
Answer: A

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Share some Microsoft Dynamics 365 Certification MB-330 exam questions and answers below.

An employee at a company releases a new product from the Released product maintenance 
workspace. An employee in another department is unable to add the product to a sales order. You determine that dimension groups have not been applied to the product. 
You need to ensure that the product can be added to the sales order. 
Which two inventory dimension groups should you add to the product? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. 
A. Tracking dimension group 
B. Coverage group 
C. Product dimension group 
D. Storage dimension group 
Answer: C,D

A company has items in inventory with two costing methods: FIFO and Standard. The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department. 
You need to determine the total value of inventory. 
Which costing method requires running the inventory close? 
A. FIFO and Standard Cost items 
B. FIFO items only 
C. LIFO, Moving Average, and Date Weighted Average items 
D. Standard Cost items only 
Answer: B

A company uses trade agreements for their customers. Prices for some customers must round to the nearest US dollar. A customer reports that prices do not round to the nearest US dollar as required. You need to resolve the issue. In Trade agreement journals, which option should you use? 
A. Adjustment 
B. View smart rounding 
C. Validate all lines 
D. Apply smart rounding 
E. Apply smart rounding 
Answer: D

A company manufactures and sells speaker boxes. The speaker boxes can be silver or black with a basic or upgraded wiring harness assembly. 
The speaker box must be created in the item master so that the variables for colors and harness type can be assigned at order entry. 
You need to create a new item that supports multiple variables. 
What should you do? 
A. Create a new product. Select predefined variant as the configuration technology. 
B. Create a new product master. Select constraint-based configuration as the configuration technology. 
C. Create a new product. Select constraint-based configuration as the configuration technology. 
D. Create a new product master. Select predefined variant as the configuration technology. 
Answer: D

An employee at a company needs to lay out the various component builds for bicycles. You need to identify which constraints the employee should use to set up the bicycles. 
Which two types of constraints achieve the goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. 
A. table constraints that are used generically among product configuration models 
B. expression constraints that are used generically among product configuration models 
C. expression constraints that are unique to each product configuration model 
D. table constraints that are always unique to each product configuration model 
Answer: A,C

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