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Earning the Microsoft MB-310 certification can be a valuable asset for finance professionals who work with Microsoft Dynamics 365 Finance. Microsoft Dynamics 365 Finance Functional Consultant certification demonstrates a high level of expertise and knowledge in finance and accounting processes, as well as the ability to configure and implement Microsoft Dynamics 365 Finance solutions. In addition, earning this certification can help professionals advance their careers and increase their earning potential.

Microsoft MB-310 is a certification exam designed for professionals who want to become Microsoft Dynamics 365 Finance Functional Consultants. MB-310 exam is designed to test the candidate's knowledge and skills in implementing and configuring financial management, accounts payable and receivable, budgeting, and fixed assets in Microsoft Dynamics 365 Finance.

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Microsoft Dynamics 365 Finance Functional Consultant Sample Questions (Q247-Q252):

NEW QUESTION # 247
You are setting up the yearly budget for an organization for the year 2019.
You need to set up the budget register entries.
Which two fields must be set up when creating register entries? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

A. Budget model
B. Budget code
C. Budget manager
D. Budget cycle

Answer: A,B

Explanation:
Explanation/Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/basic-budgeting-overview-configuration

NEW QUESTION # 248
A client plans to use Dynamics 365 for Finance and Operations for year-end 1099 reporting in the United States. You are viewing a vendor master data record on the 1099 FastTab.

Answer:

Explanation:

Explanation

NEW QUESTION # 249
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A client has multiple legal entities set up in Dynamics 365 Finance. All companies and data reside in Dynamics
365 Finance.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations.
They want to use Dynamics 365 Finance instead.
You need to configure the system and correctly perform eliminations.
Solution: Select Consolidate with import.
Does the solution meet the goal?

A. No
B. Yes

Answer: A

Explanation:
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation- elimination-overview

NEW QUESTION # 250
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. All companies and data reside in Finance and Operations.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations.
They want to use Finance and Operations instead.
You need to configure the system and correctly perform eliminations.
Solution: Set up Elimination rules in the system. Then, run an elimination proposal. Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup.
Does the solution meet the goal?

A. No
B. Yes

Answer: B

Explanation:
Section: Manage and apply common processes
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation- elimination-overview

NEW QUESTION # 251
You are a controller in an organization. You are identifying cost drivers to see how changes in business activities affect the bottom line of your organization. You need to assess cost object performance to analyze actual versus budgeted cost and how resources are consumed.
You need to demonstrate your understanding of cost accounting terminology.
Which component maps to the cost accounting terminology?
To answer, drag the appropriate component to the correct cost accounting terminology. Each source may be used once. 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://docs.microsoft.com/en-us/dynamics365/finance/cost-accounting/terms-cost-accounting

NEW QUESTION # 252
......

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