Microsoft MB-310 Quiz 3 Topic 3 Questions 11-15

Question: 1

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

USMF plans to implement a new manufacturing department that will be based in Australia.

You need to create a draft account structure for the new department. The account structure must use the same account structure as a department named Manufacturing India and be named Manufacturing Australia.

To complete this task, sign in to the Dynamics 365 portal.

AYou need to create an account structure with the same structure as the department named Manufacturing India by using the following instructions.
*Go to Navigation pane > Modules > General ledger > Chart of accounts > Structures > Configure account structures.
*On the Action pane, click New to open the drop dialog.
*In the Account structure field, type a name to describe the purpose of the account structure.
*In the Description field, type a description to specify the purpose of the account structure.
*Click Create.
*In the Segments and allowed values, click Add segment.
*In the dimensions list, select the dimension to add to the account structure.
*At the end of the list, click Add segment.
*Repeat step 6 to 9 as needed.
*In the Allowed value details section, select the segment to edit the allowed values. For example, click the Main Account field.
*In the Operator field, select an option, such as is between and includes.
*In the Value field, type a value. For example, 600000.
*In the through field, type a value. For example, 699999.
*In the Allowed value details section, click Apply.
*Repeat step 10 to 15 as needed.
*In the Allowed value details section, click Add new criteria.
*In the Operator field, select an option, such as is between and includes.
*In the Value field, type a value. For example, 088.
*In the through field, type a value. For example, 034.
*Click Apply.
*In the grid, select the segment to edit the allowed values. For example, Cost Center.
*In the CostCenter field, type a value. For example, 007..021.
*In the Segments and allowed values, click Add.
*In the MainAccount field, type a value. For example, 600000..698888
*In the grid, select the segment to edit the allowed values. For example, Department.
*In the Department field, type a value. For example, 032.
*In the CostCenter field, type a value. For example, 086.
*On the Action pane, click Validate.

BYou need to create an account structure with the same structure as the department named Manufacturing India by using the following instructions.
*Go to Navigation pane > Modules > General ledger > Chart of accounts > Structures > Configure account structures.
*On the Action pane, click New to open the drop dialog.
*In the Account structure field, type a name to describe the purpose of the account structure.
*In the Description field, type a description to specify the purpose of the account structure.
*Click Create.
*In the Segments and allowed values, click Add segment.
*In the dimensions list, select the dimension to add to the account structure.
*At the end of the list, click Add segment.
*Repeat step 6 to 9 as needed.
*In the Allowed value details section, select the segment to edit the allowed values. For example, click the Main Account field.
*In the Operator field, select an option, such as is between and includes.
*In the Value field, type a value. For example, 600000.
*In the through field, type a value. For example, 699999.
*In the Allowed value details section, click Apply.
*Repeat step 10 to 15 as needed.
*In the Allowed value details section, click Add new criteria.
*In the Operator field, select an option, such as is between and includes.
*In the Value field, type a value. For example, 033.
*In the through field, type a value. For example, 034.
*Click Apply.
*In the grid, select the segment to edit the allowed values. For example, Cost Center.
*In the CostCenter field, type a value. For example, 007..021.
*In the Segments and allowed values, click Add.
*In the MainAccount field, type a value. For example, 600000..699999
*In the grid, select the segment to edit the allowed values. For example, Department.
*In the Department field, type a value. For example, 032.
*In the CostCenter field, type a value. For example, 086.
*On the Action pane, click Validate.

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Question: 2

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to assign the Accountant closing role for the USMF legal entity to an employee named Theresa Jayne.

To complete this task, sign in to the Dynamics 365 portal.

ANavigate to System administration > Security > Assign users to roles
*Select the 'Accountant Closing' role.
*Click the ''Manually assign / exclude users'' button
*Select the Theresa Jayne user account and click the ''Assign to role'' button.
*Click the ''Assign organizations'' button
*Select the ''Grant access to specific organizations'' option
*Select the USMF legal entity and click the ''Grant'' button.

BNavigate to System administration > Security > Assign users to roles
*Select the 'Accountant Closing' role.
*Click the ''Manually assign / exclude users'' button
*Select the ''Grant access to specific organizations'' option
*Select the USMF legal entity and click the ''Grant'' button.

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Question: 3

SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to create a report that contains the sales tax settlements for the state of California during the quarter that began on January 1, 2017. To validate you results, save the file in Microsoft Excel format to the Downloads\Report folder.

To complete this task, sign in to the Dynamics 365 portal.

ANavigate to Tax > Declarations > Report sales tax for settlement period.
Enter the 'From' date.
Select the settlement period (Quarter).
Click 'OK'.
Select Yes in the Create electronic tax document field.
Select the Downloads\Report folder and file format.
Click 'OK'.

BNavigate to Tax > Declarations > Report sales tax for settlement period.
Enter the 'From' date.
Select the settlement period (Quarter).
Click 'OK'.
Select Yes in the Create electronic tax document field.
Click 'OK'.

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Question: 4

A client uses the standard trial balance in Dynamics 365 Finance.

The client has the following requirements:

* ability to run the trial balance by main account, department, and division

* ability to run the trial balance by just main account and department

You need to ensure that these options are visible in the trial balance report parameters.

What should you configure?

Aledger validation

Bfinancial dimensions for department and division

Cfinancial dimension sets

Daccount structure

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Question: 5

SIMULATION

You are a functional consultant for a legal entity named Contoso Group (GLCO).

You plan to sell new products that will increase in quality over time.

You need to implement a solution that uses the Last in, First out (LIFO) inventory model for GLCO.

To complete this task, sign in to the Dynamics 365 portal.

AYou need to configure an Inventory Model Group for the new products.
*For inventory model groups, navigate to Inventory management | Item model groups.
*Click ''New'' to create a new inventory model group.
*In the ''Cost method and cost recognition'' section, configure the ''Inventory Model'' setting to Last in, First out (LIFO).
*Click ''Save'' to save the inventory model group.

BYou need to configure an Inventory Model Group for the new products.
*For inventory model groups, navigate to Inventory management | Setup | Inventory | Item model groups.
*Click ''New'' to create a new inventory model group.
*In the ''Cost method and cost recognition'' section, configure the ''Inventory Model'' setting to Last in, First out (LIFO).
*Click ''Save'' to save the inventory model group.

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Microsoft MB-310 Quiz:3 Topic:3 Questions:11-15