A company has an active budget planning process. A department manager submits a budget plan for review. The finance administrator notices that the plan is missing a required justification document. What should the administrator do to return the plan to the manager?

Manually edit the plan to add the justification document.

Change the workflow status to 'Draft' and reassign the plan.

Use the 'Workflow' action to reject the plan and send it back to the originator.

Delete the budget plan and ask the manager to create a new one.

A company is preparing its annual budget. The finance team wants to create a 'Baseline' scenario from actuals, then create a 'Forecast' scenario that is a copy of the 'Baseline' with adjustments. The team also wants to compare the two scenarios in a report. The budget planning process has multiple stages. What should you do to ensure the 'Forecast' scenario is created from the 'Baseline' scenario?

Manually re-enter the 'Baseline' data into the 'Forecast' scenario.

Create a new budget plan and copy the 'Baseline' scenario from the old plan into the new plan.

Use the 'Copy from budget plan' function to copy the 'Baseline' scenario into a new 'Forecast' scenario within the same budget plan.

Use the workflow to automatically create the 'Forecast' scenario from the 'Baseline' scenario.

A company is setting up a budget planning process. They want to generate budget plans for each department automatically, but they also need to include a 'Corporate' plan that is not tied to a specific department. What should they do?

Generate the department plans and manually create the 'Corporate' plan.

Create a separate budget planning process for the 'Corporate' plan.

Add a 'Corporate' node to the organization hierarchy and generate plans for all nodes.

Use the 'Copy from budget plan' function to create the 'Corporate' plan.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 4Objective 3

Configure and Manage Budget Planning MB-310 Practice Questions (Page 3)

Part of the Manage budgeting domain, which accounts for 10–15% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~4–10 in this domain), expect 1–3 from this objective — we provide 28 practice questions to prepare you well beyond it. (estimate)

28questions here

6free pages

6concepts

10–15%of the exam

Questions 11–15

11application · medium
A company has an active budget planning process. A department manager submits a budget plan for review. The finance administrator notices that the plan is missing a required justification document. What should the administrator do to return the plan to the manager?
Select an answer first
12expert · hard
A company is preparing its annual budget. The finance team wants to create a 'Baseline' scenario from actuals, then create a 'Forecast' scenario that is a copy of the 'Baseline' with adjustments. The team also wants to compare the two scenarios in a report. The budget planning process has multiple stages. What should you do to ensure the 'Forecast' scenario is created from the 'Baseline' scenario?
Select an answer first
13foundation · easy
In Dynamics 365 Finance, which action can be performed on an existing budget plan to change its status during the review process?
Select an answer first
14expert · hard
A company is setting up a budget planning process. They want to generate budget plans for each department automatically, but they also need to include a 'Corporate' plan that is not tied to a specific department. What should they do?
Select an answer first
15foundation · easy
In Dynamics 365 Finance, which method is used to allocate budget plan amounts across departments or projects?
Select an answer first

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Configure and Manage Budget Planning MB-310 Practice Questions (Page 3)

Questions 11–15

A company has an active budget planning process. A department manager submits a budget plan for review. The finance administrator notices that the plan is missing a required justification document. What should the administrator do to return the plan to the manager?

In Dynamics 365 Finance, which action can be performed on an existing budget plan to change its status during the review process?

A company is setting up a budget planning process. They want to generate budget plans for each department automatically, but they also need to include a 'Corporate' plan that is not tied to a specific department. What should they do?

In Dynamics 365 Finance, which method is used to allocate budget plan amounts across departments or projects?

Keep studying — Manage budgeting