MB-310 sample questions

Question 1

A global distribution company, operating in multiple legal entities across North America and EMEA, is implementing Dynamics 365 Finance. They are facing challenges with inconsistent credit management. The finance director has outlined the following requirements:

A centralized credit policy that can be adapted for regional risk variations.
Automated risk scoring based on customer payment history and external credit agency data.
Automatic credit holds for customers who exceed their limit or have invoices overdue by more than 60 days.
A workflow for the credit control team to review and approve temporary credit limit increases for key accounts.

You are the functional consultant responsible for designing the solution. Which combination of features and configurations in Dynamics 365 Finance will most effectively meet all these requirements?

Accepted Answer

Enable credit management, configure risk scoring groups with different criteria per region, create automatic credit limit rules, set up blocking rules for overdue invoices, and design a credit limit adjustment workflow.

Answer

Configure customer posting profiles with different settlement accounts for each region and use periodic journals to manually place customers on hold.

Answer

Set up a parent legal entity for credit management, use shared customer master data, and apply a single, global credit limit to all customers.

Answer

Create a Power App for credit limit requests, use Power Automate to update credit limits in Dynamics 365, and create separate collection letter sequences for each region to manage overdue accounts.

Question 2

A manufacturing company is implementing vendor invoice automation. The system successfully processes most invoices via OCR, but consistently fails to match invoices from a key logistics provider. The provider's invoices list freight as a separate line item, which does not correspond to a line on the purchase order. The company policy is to accept these freight charges if they are within a predefined contract rate. What configuration is required to allow these invoices to be matched and processed automatically?

Accepted Answer

Create an automatic charge code for freight and configure a policy in the Vendor invoice automation parameters to automatically add this charge to the invoice header.

Answer

Increase the invoice matching tolerance percentage in the Accounts payable parameters to allow for the additional freight cost.

Answer

Instruct the logistics provider to add the freight cost to one of the existing product line items on the invoice.

Answer

Configure the invoice workflow to route any invoices with matching discrepancies to a manual review queue for the AP clerk to add the freight charge.

Question 3

A company is transitioning its inventory valuation method for a specific group of finished goods from FIFO to Standard Cost. As the functional consultant, you must guide the finance team through the process of activating the new costing version. What are three essential steps that must be performed in the correct sequence to ensure a successful transition? (Select THREE)

Accepted Answer

Calculate the item prices within the new standard cost costing version.

Accepted Answer

Activate the calculated item prices in the costing version.

Accepted Answer

Post an inventory revaluation journal to adjust on-hand inventory value to the new standard cost.

Answer

Run an inventory closing for the period prior to activation.

Answer

Delete the old FIFO costing versions.

Answer

Change the item model group for all affected items immediately after activation.

Question 4

A software-as-a-service (SaaS) company sells a three-year enterprise license for $36,000, paid in full upfront. According to accounting standards, the company must recognize this revenue evenly over the 36-month contract term. Which configuration in Dynamics 365 Finance enables the automatic monthly recognition of $1,000 of revenue for the duration of the contract after posting the initial invoice?

Accepted Answer

Configure a billing schedule attached to a sales order and associate it with a revenue deferral template set to recognize over 36 periods.

Answer

Create a recurring free text invoice scheduled to post $1,000 each month for 36 months.

Answer

Set up a periodic journal to automatically create and post a $1,000 revenue entry each month.

Answer

Use a sales agreement with a milestone billing rule that triggers a monthly revenue posting.

Question 5

A holding company is performing its first financial consolidation using the 'Consolidation online' feature. The subsidiaries use different charts of accounts from the parent company. After running the process, the controller reports that significant intercompany receivables and payables balances have not been eliminated. What is the most likely cause for the failure of the elimination proposal to generate the correct entries?

Accepted Answer

The main accounts for intercompany payables and receivables from the subsidiary legal entities have not been mapped to the corresponding main accounts in the consolidation company.

Answer

The currency translation rates have not been defined for the consolidation period.

Answer

The elimination rules in the consolidation company were not configured to use the 'Intercompany' dimension.

Answer

The 'Recalculate balances during consolidation process' option was not selected when running the Consolidation online process.

Question 6

A consultant is configuring a three-way matching policy. The policy must ensure that the invoiced quantity does not exceed the quantity on the registered product receipt. Additionally, the invoice unit price cannot be more than 5% higher than the purchase order unit price. Which setup correctly enforces these requirements?

flowchart TD A[Receive Invoice] --> B{Match Qty?}; B -->|Yes| C{Match Price w/ Tolerance?}; B -->|No| D[Hold Invoice]; C -->|Yes| E[Post Invoice]; C -->|No| D[Hold Invoice];

Accepted Answer

Create a new Line matching policy, set 'Match product receipts' to Three-way matching, and define a Price tolerance percentage of 5.

Answer

On the Item model group, set the registration requirements. On the vendor master, set an invoice tolerance group.

Answer

In Accounts payable parameters, set the matching policy to Two-way matching and define a 5% price tolerance.

Answer

In Procurement and sourcing parameters, enable invoice matching. In the vendor posting profile, specify the matching rules.

Question 7

True or False: When an acquisition transaction is posted for a fixed asset, transactions for any associated derived books are automatically created and posted without requiring any user intervention, provided the derived book is set to 'Acquisition'.

Accepted Answer

True

Answer

False

Question 8

A finance clerk reports that interest notes are not being calculated for overdue invoices belonging to the 'Domestic Wholesale' customer group, while they are working correctly for other customer groups. All customers in the group have overdue transactions. What is the most likely configuration preventing the interest calculation for this specific group?

Accepted Answer

The 'Interest code' field is not set on the Customer posting profile associated with the 'Domestic Wholesale' customer group.

Answer

The batch job for interest calculation has failed.

Answer

The ledger calendar for the current period is on hold.

Answer

The number sequence for interest notes has reached its limit.

Question 9

An employee submits an expense report after a business trip to Germany. The per diem expenses are calculated in USD instead of EUR, resulting in an incorrect reimbursement amount. The employee confirms they selected the correct dates for the trip. What is the most likely configuration error in the Expense management module?

Accepted Answer

The per diem rate for the location 'Germany' is configured with a fixed amount in USD instead of being linked to the EUR currency.

Answer

The exchange rate between EUR and USD was not updated in the system.

Answer

The employee's worker profile is incorrectly set to the German legal entity.

Answer

The main account for per diem expenses is configured to only allow posting in USD.

Question 10

A company's chart of accounts uses a single account structure. The finance department requires that the 'Department' financial dimension must be specified for all transactions posting to main accounts in the '600000' to '699999' expense range. However, for all other main account ranges, the 'Department' dimension should be optional. What is the most efficient way to configure this requirement?

Accepted Answer

In the account structure, make the 'Department' dimension optional, then create an advanced rule where if MainAccount is between '600000' and '699999', then add the 'Department' dimension and make it mandatory.

Answer

Create two separate account structures, one for expense accounts and one for all others, and assign them to the ledger.

Answer

Use journal control restrictions to prevent posting to expense accounts if the 'Department' dimension is blank.

Answer

Configure a financial dimension default template on the main accounts for the expense range.

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