Which of the following is a valid operation that can be performed on a budget plan scenario in Dynamics 365 Finance?

Post the scenario to the general ledger

Generate a purchase order from the scenario

Apply budget control to the scenario

Copy data from one scenario to another

When allocating budget plan amounts, which of the following can be used as the basis for the allocation?

Historical data from a previous fiscal year

The number of workflow approvals

A company has a budget plan with a 'Base' scenario. They want to allocate the budget from a 'Top-level' cost center to its child cost centers based on the previous year's actuals. The allocation schedule is set up to use the 'Previous year actuals' source. However, when running the allocation, the amounts are not distributed correctly. What is the most likely cause?

The budget planning process does not allow allocations.

The allocation schedule is not set to 'Distribute' but to 'Aggregate'.

The previous year's actuals are not posted to the general ledger.

The budget plan does not have a 'Base' scenario.

In Dynamics 365 Finance, what is the purpose of a budget plan scenario?

To define the fiscal period for the budget

To record actual expenditures against the budget

To control user access to budget plans

To define different versions of forecast amounts for comparison

A company is configuring a new budget planning process. They want the process to allow multiple rounds of revisions between the department managers and the finance department. What should they configure in the budget planning process?

Create multiple budget planning processes for each round.

Enable the 'Allow budget plan revisions' option in the process.

Assign multiple organization hierarchies to the process.

Set the workflow to allow multiple approvals.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 4Objective 3

Configure and Manage Budget Planning MB-310 Practice Questions (Page 4)

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 16–20

16foundation · easy
Which of the following is a valid operation that can be performed on a budget plan scenario in Dynamics 365 Finance?
Select an answer first
17foundation · easy
When allocating budget plan amounts, which of the following can be used as the basis for the allocation?
Select an answer first
18expert · hard
A company has a budget plan with a 'Base' scenario. They want to allocate the budget from a 'Top-level' cost center to its child cost centers based on the previous year's actuals. The allocation schedule is set up to use the 'Previous year actuals' source. However, when running the allocation, the amounts are not distributed correctly. What is the most likely cause?
Select an answer first
19foundation · easy
In Dynamics 365 Finance, what is the purpose of a budget plan scenario?
Select an answer first
20application · medium
A company is configuring a new budget planning process. They want the process to allow multiple rounds of revisions between the department managers and the finance department. What should they configure in the budget planning process?
Select an answer first

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