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Share some Microsoft Dynamics 365 Certification MB-310 exam questions and answers below.

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

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

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

An organization is setting up a cost accounting. You need to set up fiscal calendars for Dynamics 365 for Finance and Operations. 
What are three uses for fiscal calendars? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. 
A. standard work hours 
B. financial transactions 
C. fixed asset depreciation 
D. budget cycles 
E. shift work hours 
Answer: BCD

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