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  1. Home
  2. Microsoft Certification
  3. MB-310 Exam
  4. Microsoft.MB-310.v2022-11-24.q173 Dumps
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Question 46

A retail company has outlets in multiple locations. Taxes vary depending on the location.
You need to configure the various components of the tax framework.
In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

Correct Answer:

1 - Set up main accounts and ledger posting groups for sales tax.
2 - Set up sales tax authorities and sales tax settlement periods.
3 - Set up sales tax codes.
4 - Set up sales tax groups and item sales tax groups.
5 - Set up sales tax parameters on the application parameter pages.
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Question 47

A company plans to use Dynamics 365 for Finance and Operations.
You need to configure basic budgeting.
Which set of actions must you perform?
* A. Define a budget journal
* Define budgeting parameters and number sequences
* Define rules for budget transfers
* Create budget models
* Define budget codes
* B. Define a budget journal
* Define budgeting parameters and number sequences
* Define budgeting dimensions
* Create budget models and codes
* Setup budget allocation terms
* C. Define budget exchange rate types
* Define budgeting parameters and number sequences
* Define budgeting dimensions
* Create budget models
* Define budget codes
* D. Define a budget journal
* Define budgeting parameters
* Define budgeting dimensions
* Create budget models and codes
* Define number sequences

Correct Answer:
B
Section: Manage budgeting and fixed assets
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/basic-budgeting- overview-configuration
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Question 48

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.

Correct Answer: B,C,D
Section: Set up and configure financial management
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/fiscal-calendars-fiscal- years-periods
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Question 49

You work for a company that receives invoices in foreign currencies.
You need to configure the currency exchange rate providers and exchange rate types.
What should you do?

Correct Answer: A
Section: Manage and apply common processes
Explanation
Explanation/Reference:
References:
https://community.dynamics.com/365/financeandoperations/b/365operationsbysandeepchaudhury/posts/ configure-currency-exchange-rate-providers-and-import-exchange-rates-automatically-in-dynamics-365-for- finance-and-operations
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Question 50

You are setting up main accounts in Dynamics 365 for Finance and Operations.
You need to configure the main accounts to meet the requirements.
Which options should you use? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.

Correct Answer:
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