Microsoft MB-310 Quiz 5 Topic 7 Questions 21-25

Question: 1

A client wants general journal to be used only to post ledger-type transactions.

You need to set up journal configuration to achieve the requirement.

Solution: Set up the journal control on the general to the account type of ledger.

Does the solution meet the goal?

AYes

BNo

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Question: 2

A company uses Dynamics 365 Finance to manage budgets.

You need to reallocate funds during the year.

Which budget code should you use?

ACarry-forward

BZero-based

CPre-encumbrance

DTransfer

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Question: 3

The controller at a company has multiple employees who enter standard General ledger journals. The controller wants to review these journal entries before they are posted. Currently, journals entries are posted without review.

You need to configure Dynamics 365 Finance to help set up a system led review process to meet the controller's needs.

Which functionality should you configure?

Athe controller's security role so that he has approval privileges for General ledger journals

Ban Advanced ledger entry workflow that uses the organizational hierarchy for journal posting, associated with the Advanced ledger journal name

Ca Ledger daily journal workflow that uses the organizational hierarchy for journal posting, associated with the General ledger

Da manual journal approval with the journal assigned to the user group that the employees are assigned to

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Question: 4

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.

ASelect all the bank accounts for the bank statement files, and then upload all files

BSelect Account reconciliation on the bank account form

CImport bank statements from the Data management workspace

DNavigate to Import statement on the Bank Statements page of Cash and Bank Management

ESelect Import statement for multiple bank accounts in all legal entities, and then upload a zip file

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Question: 5

You are configuring account structures and advanced rules in Dynamics 365 Finance.

All balance sheet accounts require Business Unit and Department dimensions.

The Shareholder distribution account requires an additional dimension for Principal.

You need to set up the account structures.

What are two possible ways to achieve the goal? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

ACreate a new main account for each of the company's principals. Then, create an account structure for all balance sheet accounts that includes the required dimension.

BCreate a new main account for Shareholder distribution. Add an advanced rule for the Principal dimension.

CCreate an account structure for all the balance sheet accounts. Set up an advanced rule for the Shareholder distribution account for the Principal dimension.

DCreate an account structure for balance sheet accounts without Shareholder distribution. Then, create a second account structure for Shareholder distribution that includes all required dimensions.

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Microsoft MB-310 Quiz:5 Topic:7 Questions:21-25