Microsoft Microsoft Certifications MB-340 Questions & Answers

• Question 51:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You are configuring collections in the Accounts Receivable module. You have configured members of the Accounts team as collection agents.

  Each collection agent will monitor different groups of customers. You need to define groups of customer accounts that can be displayed and managed for collections or aging processes by the collection agents.

  Which of the following should you configure?

  A. Customer groups

  B. Customer pools

  C. Customer aging snapshots

  D. Collection agent teams

  Correct Answer: B

• Question 52:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You have assigned the Vendor (external) security role to a vendor that will work with purchase orders.

  Which two of the following actions can the vendor perform? (Choose two)

  A. Respond to and view information about purchase orders.

  B. Request a new user account for a contact person by using the Provision user action.

  C. Add a new or existing contact person to the vendor accounts that they are a contact for.

  D. Request that a contact person's user account be inactivated.

  E. Maintain vendor collaboration invoices.

  Correct Answer: AE

• Question 53:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You are configuring the methods of payment in the Accounts Receivable module.

  You need to configure the system to perform validation while using a method of payment in a journal entry. The validation must ensure that the wire number is entered when an electronic payment is received.

  Which of the following validation options should you select?

  A. Payment reference is mandatory

  B. Bank transaction type is mandatory

  C. Payment specification is mandatory

  D. Payment ID is mandatory

  E. Payment note is mandatory

  Correct Answer: A

• Question 54:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You are configuring the Accounts Receivable module. Vendors often apply charges for certain items.

  You need to configure a maximum amount that is allowed for a charge. Invoice matching validation is enabled.

  Where should you configure the maximum charge amount?

  A. In a charge code.

  B. On the vendor record.

  C. In a budget control rule.

  D. In the vendor payment terms

  Correct Answer: A

• Question 55:

  You work as the Accounts Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  You need to configure a payment proposal to make a payment to a vendor.

  Which of the following actions should you perform first?

  A. Create a payment proposal.

  B. Select the invoices to be paid.

  C. Create a payment journal record.

  D. Select the Create Payments option.

  E. Select the Generate Payment option.

  Correct Answer: C

• Question 56:

  A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system. You have been asked by the Finance Manager to configure invoice matching validation to check for discrepancies between vendor invoices, purchase orders and product receipts.

  The configuration must meet the following requirements:

  1.

  Compare the unit price of the invoice to the unit price of the purchase order.

  2.

  Compare the invoice quantity to the matched product receipt quantity. Which of the following validation methods should you configure?

  A. Invoice totals matching

  B. Charges matching

  C. Two-way line level matching

  D. Three-way line level matching

  Correct Answer: D

• Question 57:

  Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.

  You are configuring fixed assets in Dynamics 365 Finance.

  You have configured fixed asset groups and defined the cost threshold for an item to qualify as a fixed asset. You need to configure the system to automatically identify purchases that qualify as fixed assets.

  If an item qualifies as a fixed asset, it must be automatically added to the appropriate fixed asset group.

  Which of the following should you configure?

  A. Fixed asset posting profiles

  B. Fixed asset books

  C. Fixed asset determination rules

  D. Fixed asset depreciation profiles

  Correct Answer: C

• Question 58:

  You work as the Finance Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  You need to configure a budget in Dynamics 365 Finance.

  The budget must include details about planned hours, expenses, fees, and items.

  Which of the following budget options should you configure?

  A. Workforce budget

  B. Fixed asset budget

  C. Project budget

  D. Demand forecasting

  Correct Answer: C

• Question 59:

  You work as the Procurements Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  The company purchases several different products from a vendor.

  The vendor has agreed to give you a 10% discount if you purchase more than $10,000 worth of goods in a calendar month.

  You need to configure a purchase agreement in Microsoft Dynamics 365 Finance.

  Which of the following commitment types should you select in the purchase agreement?

  A. Product quantity

  B. Product value

  C. Product category value

  D. Value

  Correct Answer: D

• Question 60:

  You work as the Accounts Manager for a company. The company uses Microsoft Dynamics 365 Finance for its accounting system.

  The company has sold a number of fixed assets.

  You plan to enter the Fixed assets transactions in the Free text invoice page in Accounts Receivable.

  For free text invoices, the fixed asset transaction type will be which of the following?

  A. Disposal

  B. Depreciation

  C. Acquisition

  D. Acquisition adjustment

  Correct Answer: A