MB-310 Practice Test Free – 50 Questions to Test Your Knowledge
Are you preparing for the MB-310 certification exam? If so, taking a MB-310 practice test free is one of the best ways to assess your knowledge and improve your chances of passing. In this post, we provide 50 free MB-310 practice questions designed to help you test your skills and identify areas for improvement.
By taking a free MB-310 practice test, you can:
Familiarize yourself with the exam format and question types
Identify your strengths and weaknesses
Gain confidence before the actual exam
50 Free MB-310 Practice Questions
Below, you will find 50 free MB-310 practice questions to help you prepare for the exam. These questions are designed to reflect the real exam structure and difficulty level.
DRAG DROP -
You need to configure the system to meet invoicing requirement.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
You need to configure the posting groups for Humongous Insurance s subsidiary.
Which ledger posting group field should you use?
A. Sales tax payable
B. Sales tax receivable
C. Customer case discount
D. Use tax payable
E. Use tax expense
Suggested Answer: A
Set up Ledger posting groups for sales tax
In the Sales tax payable field, select the main account for outgoing sales taxes that are payable to the tax authority. Sales taxes are collected on behalf of the tax authority when you sell taxable goods and services.
Incorrect:
* In the Sales tax receivable field, select the main account for incoming taxes that are received from the tax authority. Vendors collect taxes on behalf of the tax authority when you buy taxable goods and services. This field is not available if the Apply sales tax taxation rules option is selected in the General ledger parameters page. Instead, sales taxes that are paid to vendors are debited to the same account as the purchase.
* In the Use tax expense field, select the main account for posting deductible Use taxes that are not claimed or reported to the tax authority by vendors as part of
EU reverse charge GST/HST. The Use tax option must be selected for the Sales tax code in the Sales tax group that is used in the transaction. This field won’t be available if the Apply sales tax taxation rules option is selected on the General ledger parameters page.
* In the Use tax payable field, select the main account for posting incoming Use taxes that are payable to tax authorities. The Use tax option must be selected in the Sales tax code in the Sales tax group to post Use tax. If Apply sales tax taxation rules option is selected in General ledger parameters page, the offset is posted to the transaction’s expense account.
Note:
Requirements, Ledger –
ג€¢ One of Humongous Insurance’s companies provides insurance to government clients and must separate that particular company into its own subsidiary.
ג€¢ The Humongous subsidiary will operate in China, which requires a fiscal year from February 1 to January 31.
ג€¢ Transactions must be posted in the business of record.
ג€¢ Humongous Insurance’s subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.
Taxes –
As part of the spinoff to a subsidiary, Humongous Insurance’s subsidiaries taxes must be changed from US government rates to Chinese government rates.
Humongous Insurance’s subsidiary must track use taxes that are not claimed or reported to the Chinese tax agency.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/tasks/set-up-ledger-posting-groups-sales-tax
You need to configure the system to meet the fiscal year requirements.
What should you do?
A. Add an additional fiscal year.
B. Divide the twelfth period.
C. Add an additional period to ledger calendars.
D. Create a closing period.
E. Create a new fiscal calendar.
Suggested Answer: E
Create fiscal calendars, fiscal years, and periods
You can create and delete fiscal calendars, fiscal years, and periods on the Fiscal calendars page. You can also divide existing periods and create closing periods that can be used to close a fiscal year.
A closing period is used to separate general ledger transactions that are generated when a fiscal year is closed. When the closing transactions are in one fiscal period, it is easier to create financial statements that either include or exclude different types of closing entries. If a fiscal year is divided into 12 fiscal periods, the closing period is usually the 13th period.
Note: Configuring calendars for the ledger
Another component of the ledger is the fiscal calendar. A fiscal calendar must be selected for each legal entity. You can use the same fiscal calendar in more than one legal entity. When you select a fiscal calendar for the ledger, a copy is made. This copy is referred to as the ledger calendar. The ledger calendar lets you select the status of the periods and the modules in each period.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/fiscal-calendars-fiscal-years-periods
You need to ensure that User9's purchase is appropriately recorded.
Which three steps should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Select a fixed asset group at the line level.
B. Set the new fixed asset toggle to yes at the line level.
C. Enter three purchase order lines, enter quantity of 1.
D. Enter one purchase order line, enter quantity of 3.
E. Select a financial dimension at the line level.
HOTSPOT -
You need to identify why the sales orders were sent to customers.
Which configuration allowed the sales orders to be sent? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Suggested Answer:
Box 1: Exclusion rule –
VanArsdel, Ltd. exceeded its credit limit but the sales order was processed.
Set up blocking rules and exclusion rules
When a customer initiates a sales transaction, the information on the sales order is reviewed against a set of blocking rules that guide the decision of whether or not to extend credit to the customer and allow the sale to move forward. You can also define exclusions that will override the blocking rules and allow a sales order to be processed.
Box 2: Credit limit –
The credit management blocking rules can apply to an individual customer, or a group of customers. Blocking rules define responses to the following circumstances:
✑ Number of days overdue
✑ Accounts status
✑ Terms of payment
✑ Credit limit expired
✑ Overdue amount
✑ Sales order amount
✑ Portion of available credit used
Current environment. Finance: A blocking rule is set up to prevent a sales order from processing if a customer exceeds a credit limit.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/cm-sales-order-credit-holds
DRAG DROP -
You need to process expense allocations.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
You need to determine why CustomerX is unable to confirm another sales order.
What are two possible reasons? Each answer is a complete solution.
NOTE: Each correct selection is worth one point.
A. The credit limit parameter is set to Balance + All.
DRAG DROP -
You need to configure the system to for existing purchasing contracts.
Which commitment types should you use? To answer, drag the appropriate commitment types to the correct requirements. Each commitment type may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
HOTSPOT -
You need to configure the expense module for reimbursement.
How should you configure the expense module? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Suggested Answer:
Box 1: Configure the personal card expense category
Employee2 purchased supplies for a holiday party and needs to be reimbursed.
First Up Consultants requires the ability to reimburse employees in their paychecks for expenses incurred on personal cards.
Expense categories and shared categories
When employees create an expense report, each expense that they record must be associated with an expense category. Expense categories are derived from shared categories that can be shared across the legal entities in your organization. These categories can also be shared in Project management and accounting, depending on the way that your organization is defined. Based on the definition of your organization and guidance from the implementation team, determine whether the categories that are used in Expense management will be used only in Expense management, or whether they should be shared between Project management and accounting and Expense management.
Box 2: Reconcile the expense through a credit card transaction import
Import and maintain credit card transactions
Expense-related credit card transactions can be set up so that they are automatically imported on a recurring schedule. Alternatively, the transactions can be manually imported as they are required. The credit card transactions are imported through the Credit card transactions data entity.
Incorrect:
* Configure the employee as a vendor
* Reimburse the employee through the expense management workspace
Reference: https://docs.microsoft.com/en-us/dynamics365/project-operations/prod-exp/plan-expense-management https://docs.microsoft.com/en-us/dynamics365/project-operations/prod-exp/import-credit-card
You need to configure budget planning for Alpine Ski House Corporate.
Which two components should you configure? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. budget control workflow
B. budget planning hierarchy
C. organizational hierarchy
D. operational budget register entry
E. budget planning workflow
Suggested Answer: BE
Note: Two new resort projects are in the budget planning stages and will open in the next fiscal year.
Budget preparation begins this month. All operational resorts will submit their budgets in two weeks.
User6 needs to have visibility into the increase in budget that is necessary to staff the two new resorts opening next year.
B: Organization hierarchy for budget planning
On the Organization hierarchy page, you can specify an organization hierarchy as a budget planning hierarchy for each budget planning process. The budget planning hierarchy doesn’t have to match the standard organization hierarchy that is used for other purposes. Because this hierarchy is used to aggregate and distribute data, you might want it to have a different structure.
E: Budget planning workflows ג€” Budget planning workflows consist of and define budget planning stages. Budget planning workflows are associated with budgeting workflows. Budgeting workflows are the automated and manual processes that move budget plans through the budget planning stages.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-overview-configuration
DRAG DROP -
You need to select the functionality to meet the requirement.
Which features should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
HOTSPOT -
You need to determine the root cause for User1's issue.
Which configuration options should you check? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
You need to determine the cause of the issue that User1 reports.
What are two possible causes for the issue? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. The account structure is in draft status.
B. The financial dimensions were created in the incorrect legal entity.
C. User1’s security is incorrectly set up.
D. The account structure has an asterisk for all dimensions.
E. The account structure has quotations for all dimensions.
You need to ensure the promotional gifts are posted to the correct account.
What should you use?
A. Field groups
B. Classification groups
C. Customer credit groups
D. Item groups
E. Bank groups
Suggested Answer: B
Customer classification groups –
Create and maintain customer classification groups to prioritize customers in the Customer classification groups form.
Note: Promotion –
Humongous Insurance’s subsidiary plans to celebrate its new subsidiary status by sending out free gifts to existing policyholders based on the tier of their policy.
Promotional items are ordered for distribution and once received must be tracked within Dynamics 365 Finance.
Incorrect:
* You can define groups of customers who have a shared credit limit. The individual credit limit that is defined on the customer invoice account is also considered.
Members of a customer credit group can be selected from different legal entities. When you add a customer to the list of customers in the customer credit group, the expiration date of the credit limit for each customer is changed to the expiration date that is assigned to the group.
Reference: https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/accounts-receivable-setup-overview
You need to ensure that captured employee mobile receipts automatically match the transactions to resolve the User1 issue.
Which feature should you enable?
A. Define expense policy for receipts
B. Expense reports re-imagined
C. Expense management workspace
D. Show receipts during itemization
Suggested Answer: B
Note: User1 installed the Expense Management Service add-in and implemented the auto-match and create expense from receipt features but the receipt images do not match the corporate card transactions.
In the Feature management workspace, turn on the following features:
✑ Expense reports re-imagined
✑ Auto-match and create an expense from receipt
✑ Install add-in before enabling the feature.
Reference: https://www.linkedin.com/pulse/expense-management-add-in-dynamics-365-finance-eralp-erakalin
HOTSPOT -
You need to configure the system to meet the budget preparation requirements.
What should you do? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
DRAG DROP -
You need to configure ledger allocations to meet the requirements.
What should you configure? To answer, drag the appropriate setups to the correct requirements. Each setup may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
HOTSPOT -
You need to configure settings to resolve User1's issue.
Which settings should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
HOTSPOT -
You need to ensure Trey Research meets the compliance requirement.
Which budget technology should you implement? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. the Excel budget template
B. budget codes
C. budgeting workflows
D. set-based budget processing
Suggested Answer: BC
Compliance and compensation –
Trey Research must be able to audit any modifications to its budget.
Humongous Insurance employees must receive raises four times per budget cycle.
Use the Budget codes form to set up budget codes for budget register entries. You can use budget codes to categorize budget types.
Budget codes let you have an audit trail of approved budget modifications throughout the course of the budget cycle.
If a workflow is associated with a budget code, the workflow will be enabled for all budget register entries that use that budget code, and workflow steps must be completed before the budget register entry can reach the Completed stage.
Note: C: Budget planning workflows ג€” Budget planning workflows consist of and define budget planning stages. Budget planning workflows are associated with budgeting workflows. Budgeting workflows are the automated and manual processes that move budget plans through the budget planning stages.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-overview-configuration https://docs.microsoft.com/en-us/dynamicsax-2012//budget-codes-form?redirectedfrom=MSDN
The Canadian franchise purchases excess ski equipment from the US franchise. Two sets of skis are purchased totaling USD1,000.
When the purchase invoice is prepared, USD10,000 is keyed in by mistake.
Which configuration determines the result for this intercompany trade scenario?
A. Post invoices with discrepancies is set to require approval.
B. Match invoice totals is set to yes.
C. Three-way match policy is configured.
D. Two-way match policy is configured.
E. Post invoices with discrepancies is set to allow with warning.
HOTSPOT -
You need to ensure accounting entries are transferred from subledgers to general ledgers.
How should you configure the batch transfer rule? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Suggested Answer:
Box 1: Configure subledger transfer as a scheduled batch
Humongous Insurance’s subsidiary requires accounting entries to be posted from the subledger to the general ledger by 5:00 PM each day.
Box 2: Configure subledger transfer as Synchronous
Trey Research requires accounting entries to be posted from the subledger to the ledger immediately.
The following options are available for transferring subledger batches:
Asynchronous ג€” Transfer of the subledger accounting entries to the general ledger is scheduled immediately. The General ledger voucher will be recorded as soon as resources are available to process the request on the server.
Scheduled batch ג€” The subledger accounting entries that must be transferred are added to the processing queue in General ledger. The entries in the queue will be processed in the order that they are received in. Each General ledger voucher will update accounts at the scheduled time if resources are available to process the batch job on the server.
Incorrect:
* synchrounous
In version 8.1, changes were made to allow the transfer of rules, which deprecated the Synchronous option.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/subledger-transfer
You are the accounts receivable manager of an organization. The organization recently sold machinery to a customer.
You need to register a transaction for the sale of the machinery by using a free text invoice for fixed assets.
Which transaction type should you use?
DRAG DROP -
A client is implementing fixed assets in Dynamics 365 Finance.
You need to specify which parameters should be configured to meet the business requirements.
Which parameters meet the requirements? To answer, drag the appropriate parameters to the correct requirements. Each parameter may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
An organization acquires a building.
You need to register and record the building as an asset building in Dynamics 365 Finance.
What are three possible ways to achieve the goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. Select an account type of Fixed Asset and a transaction type of Acquisition with a General Journal
B. Eliminate the project to a fixed asset
C. Create a sales invoice to record and register the fixed asset
D. Select an acquisition transaction type within a fixed asset journal
E. Use the sales order process to acquire the asset
HOTSPOT -
You are the purchase manager of an organization. You purchase a laptop for your office for $2,000. You plan to create a purchase order and acquire the new fixed asset through the purchase order at time of invoicing.
You set up the system as follows: Fixed assets are automatically created during product receipt or vendor invoice posting and the capitalization threshold for the computers group (COMP) is set to $1,600.
You need to automatically create a fixed asset record when you post an acquisition transaction for the asset after you post the invoice.
How should you configure the fixed asset parameters to meet the criteria? To answer, select the appropriate option in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
You need to configure the financial reporting fiscal calendar for CustomerX.
What should you do?
A. Use the ledger calendar to set up the 4-5-4 calendar.
B. Configure the fiscal calendar to include a 13 th closing period.
C. Configure the ledger calendar to include a 13 th closing period.
D. Use the closing period adjustments form.
Suggested Answer: D
CustomerX is a taxable company.
CustomerX requires a credit check when making a purchase and is currently at their credit limit.
Reporting: financial reporting inclusive and exclusive of year-end adjustments.
HOTSPOT -
The posting configuration for a purchase order is shown as follows:
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.
Hot Area:
HOTSPOT -
You need to prevent a reoccurrence of User2's issue.
How should you configure the system? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
You need to view the results of Fourth Coffee Holding Company's consolidation.
Which three places show the results of financial consolidation? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. a financial report run against the company Fourth Coffee
B. a trial balance in the Fourth Coffee Holding Company
C. a trial balance in the company Fourth Coffee
D. a financial report run against the Fourth Coffee Holding Company
E. the consolidations form in Fourth Coffee Holding Company
HOTSPOT -
A company is configuring the Microsoft Dynamics 365 Finance Fixed asset module.
You must configure depreciation for fixed assets. The company has the following assets and requirements:
You need to configure the assets to meet the depreciation requirements.
Which depreciation method should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Suggested Answer:
Box 1: Double declining balance –
When you set up a fixed asset depreciation profile and select 200% reducing balance in the Method field on the Depreciation profiles page, fixed assets that are assigned the depreciation profile are depreciated by the same percentage in each depreciation period. The percentage is calculated based on the service life of the asset. For example, if an asset has a service life of five years, the percentage is calculated as 40 percent (200% ֳ· 5).
This method is also known as double declining balance.
Box 2: Straight line –
When you set up a fixed asset depreciation profile and select Straight line service life in the Method field in the Depreciation profiles page, the assets that have this depreciation profile assigned to them are depreciated based on the total service life of the asset. This generally is the same depreciation amount in each depreciation period.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/200-percent-reducing-balance-depreciation https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/straight-line-service-life-depreciation
DRAG DROP -
You need to assist User3 with generating a deposit slip to meet Fourth Coffee's requirement.
Which five actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.
Select and Place:
DRAG DROP -
A company is implementing Microsoft Dynamics 365 Finance.
The company is configuring depreciation for company vehicles. Vehicles must be depreciated by using straight-line service life on the 15th day of each month.
You need to configure vehicle depreciation.
What should you use? To answer, drag the appropriate features to the correct requirements. Each feature may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:
HOTSPOT -
A company uses Dynamics 365 Finance to manage fixed assets. The company's fiscal year is set as the calendar year.
The company requires two books for each fixed asset. The company has the following requirements for the books:
You need to configure a fixed asset group book setup to meet the requirements.
Which depreciation conventions and depreciation profiles should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
Suggested Answer:
Box 1: None –
You can select either Calendar or Fiscal in the Depreciation year field in the Depreciation profiles page. The selection defines the options that are available in the
Period frequency field.
If you select Fiscal in the Depreciation year field, the straight line service life depreciation is used. It is calculated based on the fiscal year, which is defined by the fiscal calendar that is specified for the book, or by the fiscal calendar that is selected in the Ledger page. Fiscal calendars are set up in the Fiscal calendars page.
Note: If you select Calendar, you can select from the following depreciation conventions.
Half year –
Full month –
Mid quarter –
Mid month (1st of month)
Mid month (15th of month)
Half year (start of year)
Half year (next year)
Box 2: Straight line service life – Fiscal period
When you set up a fixed asset depreciation profile and select Straight line service life in the Method field in the Depreciation profiles page, the assets that have this depreciation profile assigned to them are depreciated based on the total service life of the asset. This generally is the same depreciation amount in each depreciation period.
You can select either Calendar or Fiscal in the Depreciation year field in the Depreciation profiles page.
Incorrect:
Not Straight line life remaining:
When you set up a fixed asset depreciation profile and select Straight line life remaining in the Method field on the Depreciation profiles page, the depreciation of fixed assets that are assigned to the depreciation profile is based on the remaining service life of the asset.
Box 3: Half year (start of year)
Box 4: 200% reducing balance – Yearly
To set up 200% reducing balance depreciation, you must also select options in the Depreciation year field and the Period frequency field on the Depreciation profiles page. The options that are available in the Period frequency field vary, depending on the value that you select in the Depreciation year field.
Reference: https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/depreciation-methods-conventions https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/straight-line-service-life-depreciation https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/200-percent-reducing-balance-depreciation
You manage fixed assets using Microsoft Dynamics 365 Finance.
You need to define capitalization thresholds.
Which page should you use?
A. Main account
B. Released item
C. Fixed asset posting profile
D. Fixed asset group
Suggested Answer: D
Configure fixed assets components.
The Fixed asset group field is the only required field when you create a fixed asset. The value of this field determines the default value of several informational fields for the asset.
The Capitalization threshold field determines the assets that are depreciated. If a purchase line is selected as a fixed asset, but it doesn’t meet the specified capitalization threshold, a fixed asset is still created or updated, but the Calculate prorated depreciation option is set to No. Therefore, the asset won’t be automatically depreciated as part of the depreciation proposals.
Note: To manually create an asset record, follow these steps.
1. Go to Navigation pane > Modules > Fixed assets > Fixed assets > Fixed assets.
2. On the Action pane, select New.
3. In the Fixed asset group field, enter or select a value. The Number field will default if you have enabled Autonumber fixed assets functionality in the Fixed assets parameters and the Fixed asset group. If not, you must enter a unique number to identify the fixed asset.
4. Etc.
Reference: https://docs.microsoft.com/en-us/learn/modules/configure-fixed-assets-mgmt-dyn365-finance/5-configure
You need to correct the sales tax setup to resolve User5's issue.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Populate the sales tax code on the sales order line.
B. Assign the sales tax group to CustomerY.
C. Assign the relevant sales tax code to both the sales tax and item sales tax groups.
D. Populate the item sales tax group field on the sales order line.
E. Populate the sales tax group field on the sales order line.
You are configuring the Fixed assets module for a Dynamics 365 Finance environment.
You need to create a fixed asset.
Which two settings are required? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets `" vehicles in the wrong fixed asset group.
You need to achieve the following:
✑ Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
✑ Ensure that all books for the existing fixed asset are created for the new fixed asset. Any information that was set up for the original fixed asset is copied to the new fixed asset.
✑ Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group.
✑ Ensure that the historical transactions are transferred to the new fixed asset.
✑ Ensure Historical Depreciation expense entries do not change.
What should you do?
A. Reclassify the fixed asset
B. Change the fixed asset group and keep the same fixed asset number
HOTSPOT -
You manage fixed assets in Dynamics 365 Finance.
You have the following requirements:
✑ Purchase a fixed asset on a purchase order by using a procurement category.
✑ Purchase a fixed asset on a purchase order by using an item number.
✑ Post specific tax transactions for fixed assets by using a journal.
You need to associate the appropriate process in the system with the corresponding business requirement.
Which actions should you perform? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
You are using Microsoft Dynamics 365 Finance.
You need to acquire a fixed asset.
What are three possible ways to achieve the goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. Use a sales invoice.
B. Select a fixed asset account type and transaction type acquisition in a general journal.
C. Select a fixed asset procurement category on the purchase order line.
D. Use a budget plan.
E. Eliminate an investment project once it is finished.
Suggested Answer: BCE
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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. Hot Area:
You need to configure the assets to meet the depreciation requirements. Which depreciation method should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:
You need to configure a fixed asset group book setup to meet the requirements. Which depreciation conventions and depreciation profiles should you use? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:
