Configure and Manage Subscription Billing MB-310 Practice Questions (Page 4)

Questions 16–20

1. 16expert · hard

   A company uses milestone-based billing for a project. The project has three milestones, each with a different value. The administrator has created a billing schedule with the milestone billing type and added the three milestone items. When should the administrator generate invoices for each milestone?

   • AGenerate an invoice for each milestone when it is completed.
   • BGenerate a single invoice for the total project value at the start.
   • CGenerate all invoices at once when the project is completed.
   • DGenerate invoices at the end of each month for all completed milestones.
   Reveal Solution Discussion Select an answer first
2. 17foundation · easy

   What is the first step in setting up revenue deferrals for a sales order line?

   • ACreate a revenue recognition journal
   • BClose the fiscal year
   • CPost the sales invoice
   • DAssign a deferral schedule to the line item
   Reveal Solution Discussion Select an answer first
4. 18application · medium

   A customer has a billing schedule for a 12-month service contract. In month 4, the customer requests to terminate the contract early. You need to stop future billing and ensure no further invoices are generated from the schedule. What should you do?

   • AChange the billing frequency to 'None' on the schedule header.
   • BManually delete each future billing line as it appears.
   • CDelete the billing schedule and all its lines.
   • DPlace the billing schedule on hold and set the hold termination date to the end of month 4.
   Reveal Solution Discussion Select an answer first
5. 19expert · hard

   A company prepays an annual insurance premium. The finance team wants to recognize the expense monthly over the year. The vendor invoice is posted, and an expense deferral schedule is created. In month 3, the insurance policy is cancelled, and the vendor refunds the remaining premium. What should you do to handle the deferral schedule?

   • AChange the deferral default on the procurement category to 'None' and regenerate the schedule.
   • BDelete the deferral schedule and create a credit note for the unexpired portion.
   • CEdit the deferral schedule to reduce the remaining recognition amounts and post a vendor credit note for the refund.
   • DPost the remaining expense recognition entries on the deferral schedule and then process the vendor refund.
   Reveal Solution Discussion Select an answer first
6. 20foundation · easy

   What is the purpose of configuring deferral defaults in Dynamics 365 Finance?

   • ATo automatically apply deferral settings to items or accounts that are commonly deferred
   • BTo create deferral schedules for all customers automatically
   • CTo prevent any item from being deferred
   • DTo delete old deferral schedules
   Reveal Solution Discussion Select an answer first