Microsoft Microsoft Certifications MB-340 Questions & Answers

• Question 61:

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

  The company has several financial dimensions and an organizational hierarchy configured for budgeting.

  You are configuring budgets within the organization.

  You need to configure the correct allocation method to distribute the data in a budget plan to accurately portray the projected amounts. Several budget plans have been configured at lower levels within the organization.

  You need to consolidate the lower level budgets into a budget at a higher level within the organization.

  Which of the following allocation methods meets the requirement?

  A. Aggregate

  B. Distribute

  C. Allocate to dimension

  D. Copy from budget plan

  Correct Answer: A

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-data-allocation

• Question 62:

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

  The company has several financial dimensions and an organizational hierarchy configured for budgeting.

  You are configuring budgets within the organization. You need to configure the correct allocation method to distribute the data in a budget plan to accurately portray the projected amounts. A budget plan has been configured at the top level in

  the hierarchy. The budget amounts from the top-level budget need to be spread out across budget plans in lower-level dimensions for a more localized view.

  Which of the following allocation methods meets the requirement?

  A. Aggregate

  B. Distribute

  C. Allocate to dimension

  D. Copy from budget plan

  Correct Answer: B

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-data-allocation

• Question 63:

  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 invoice amount of the invoice to the purchase order.

  2.

  Compare the total discount of the invoice to the purchase order.

  3.

  Compare the sales taxes of the invoice to the purchase order Which of the following validation methods should you configure?

  A. Charges matching

  B. Two-way line level matching

  C. Invoice totals matching

  D. Three-way line level matching

  Correct Answer: C

• Question 64:

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

  Budgets have been configured and approved for the upcoming fiscal period.

  You need to configure budget control to allow only specific users to post transactions that exceed the budget.

  Which of the following should you configure?

  A. Budget groups

  B. Main accounts

  C. Over budget permissions

  D. Budget allocations

  E. Budget models

  Correct Answer: C

• Question 65:

  You have been tasked with restarting Internet Information Service (IIS) service in a nonproduction Tier 2 environment.

  You have signed in to Lifecycle Services (LCS), and selected the necessary environment.

  Which of the following is the page you should navigate to?

  A. Project users

  B. Environment details

  C. Environment monitoring

  D. System Administration parameters

  Correct Answer: B

  Reference: https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/lifecycle-services/restart-environment-services

• Question 66:

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

  Invoice matching validation has been configured. Multiple matching policies have been applied at different matching policy levels.

  When viewing the configuration, you discover that an item named Item1 supplied by a vendor named Vendor1 is affected by multiple matching policies applied at different levels.

  You need to determine which matching policy will be applied.

  Which of the following statements is true?

  A. The matching policy applied at the Item level will apply.

  B. The matching policy applied at the Vendor level will apply.

  C. The matching policy applied at the Legal entity level will apply.

  D. The matching policy applied at the Item and vendor level will apply.

  Correct Answer: D

• Question 67:

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

  The company has several financial dimensions and an organizational hierarchy configured for budgeting.

  You are configuring budgets within the organization.

  You need to configure the correct allocation method to distribute the data in a budget plan to accurately portray the projected amounts.

  You need to determine which allocation method to use to allocate budget plan lines from the source budget planning scenario to lines in the destination scenario, based on the percentages and financial dimensions that are defined in a

  selected budget allocation term.

  Which of the following allocation methods meets the requirement?

  A. Aggregate

  B. Distribute

  C. Allocate to dimension

  D. Copy from budget plan

  Correct Answer: C

  Reference: https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-data-allocation

• Question 68:

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

  A budget was configured at the start of the year for several large projects.

  During the budget cycle, the company decides to start a new project.

  You need to reallocate funds from the existing budget to the new project.

  Which of the following budget codes should you use for the reallocation of the budget funds?

  A. Transfer

  B. Revision

  C. Encumbrance

  D. Original budget

  E. Carry-forward budget

  Correct Answer: A

• Question 69:

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

  The Finance Manager asks you to create a custom financial report. You plan to use Report Designer to configure the report.

  You need to identify the report components and their purposes.

  Which component defines the descriptive lines (for example, salaries or sales) on a report?

  A. Row definition

  B. Column definition

  C. Reporting tree definition

  D. Report definition

  Correct Answer: A

• Question 70:

  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 of journal entries when electronic payments are received.

  The validation must ensure that the type of bank operation that was used is selected by the user.

  Which of the following validation options should you select?

  A. Payment specification is mandatory

  B. Payment ID is mandatory

  C. Bank transaction type is mandatory

  D. Payment reference is mandatory

  Correct Answer: C