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Microsoft MB-310 Exam Reference
The candidates for this certification exam are Functional Consultants. These specialists analyze the business prerequisites and translate the same into completely realized business procedures and solutions that utilize industry best practices. These professionals function as a core resource in the implementation and configuration of applications that fulfill the business requirements.
The Microsoft MB-310 exam does not have any official prerequisites. However, the test takers must have a basic understanding and knowledge of financial operations and accounting principles, including accounts receivables and accounts payables, costing principles, budgeting, taxes, and fixed assets.
Reference: https://docs.microsoft.com/en-us/learn/certifications/exams/mb-310
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The Microsoft certifications are among the most highly regarded options in the IT industry. Therefore, after passing the MB-310 exam and getting certified, you will open a lot of new doors of the opportunities for you. You will qualify to apply for several job roles. Some of these positions are listed below:
The average salary for these professionals can be about $119,000 per annum.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implement and Manage General Ledger and Cost Accounting | 25-30% | - Implement General Ledger
|
| Topic 2: Configure and Implement Core Financial Functions | 20-25% | - Configure cash flow management
|
| Topic 3: Implement and Manage Accounts Payable and Receivable | 25-30% | - Implement Accounts Receivable
|
| Topic 4: Implement and Manage Fixed Assets | 10-15% | - Configure Fixed Assets
|
You are asked to configure a main account in Dynamics 365 Finance.
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.
Correct Answer:

Explanation:

You are asked to configure the method of payments for vendors.
You are viewing an Accounts payable method of payment.
Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.
NOTE: Each correct selection is worth one point.
Correct Answer:

Explanation:
D18912E1457D5D1DDCBD40AB3BF70D5D
A customer uses the sales tax functionality in Dynamics 365 Finance.
The customer reports that when a sales order is created, sales tax does not calculate on the line.
You need to determine why sales tax is not calculated.
What are two possible reasons? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
Correct Answer: C,D 🗳️
Explanation: Only visible for PracticeDump members. You can sign-up / login (it's free).
A company plans to allocate revenue across occurrences by using recognition basis.
Which recognition basis can you use?
Correct Answer: D 🗳️
Explanation: Only visible for PracticeDump members. You can sign-up / login (it's free).
A company uses Dynamics 365 Finance for sales tax calculation and reporting. You have configured the sales tax code, sales tax group, and item sales tax group: The JAX sales tax group includes the following tax codes:
* Jacksonville
* Duval CT
* FL
* FL Special 1
* FL Special 2
* FL Special 3
* FL Special 5
The default item sales tax group includes the following tax codes:
* Jacksonville
* Duval CT
* FL
* FL Special 1
* FL Special 2
* FL Special 3
* FL Special 4
* Lake Worth
* Palm Beach CT
You assign the JAX sales tax group as the sales tax group, and default item sales tax group on the sales order.
You need to select the tax code used for tax calculation on the sales order.
What should you choose?




Correct Answer: D 🗳️
Viewing page 1 out of 73 pages.
Viewing questions 1-5 out of 364 questions.
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