Configure Expense Management MB-310 Practice Questions (Page 1)

Questions 1–5

1. 1application · medium

   A multinational company has separate legal entities in the US and UK. An employee from the US entity travels to the UK and incurs expenses that should be charged to the UK entity. The employee will submit an expense report in the US entity. What should you configure to handle this intercompany expense?

   • AHave the employee submit the expense report in the UK entity instead, and use a personal expense category for the US entity.
   • BSet up intercompany expense functionality between the US and UK entities, and use an expense category that is shared across both entities.
   • CConfigure the US entity to use the UK entity's currency, and post the expense directly to the UK entity's ledger.
   • DCreate a separate expense category in the US entity for UK expenses, and manually post a journal entry to the UK entity.
   Reveal Solution Discussion Select an answer first
2. 2foundation · easy

   What is the primary purpose of configuring mileage expenses in Dynamics 365 Finance?

   • ATo track and reimburse travel based on distance traveled
   • BTo categorize expenses by type for reporting purposes
   • CTo enforce approval policies on travel expenses
   • DTo automate daily allowances for meals during travel
   Reveal Solution Discussion Select an answer first
4. 3expert · hard

   A company wants to enforce that any expense report with a total over 5,000 USD requires approval from the CFO, while reports between 1,000 and 5,000 USD require approval from the department manager. Reports under 1,000 USD are automatically approved. You need to configure expense report policies and workflows. What should you do?

   • ACreate an expense report policy that denies any report over 5,000 USD, and require employees to split the report into multiple reports.
   • BCreate a single expense report policy that triggers when the total exceeds 1,000 USD and routes all such reports to the CFO.
   • CCreate a single expense report policy that triggers when the total exceeds 5,000 USD and routes to the CFO, and then manually review all other reports.
   • DCreate two expense report policies: one that triggers when the total exceeds 5,000 USD and routes to the CFO, and another that triggers when the total is between 1,000 and 5,000 USD and routes to the department manager. Configure the default workflow to auto-approve reports under 1,000 USD.
   Reveal Solution Discussion Select an answer first
5. 4foundation · easy

   Which form in Dynamics 365 Finance is used to create and manage expense categories?

   • AExpense reports
   • BExpense categories
   • CPer diem rates
   • DExpense management parameters
   Reveal Solution Discussion Select an answer first
6. 5expert · hard

   A company wants to reimburse mileage at different rates depending on the type of vehicle (e.g., car vs. motorcycle). They also want to enforce that mileage claims are only allowed for business trips and must be submitted within 30 days. What should you configure?

   • ACreate a per diem expense category for mileage and configure a daily rate, then set up a policy that requires a business purpose.
   • BCreate a single mileage expense category with a rate per mile, and set up a workflow that requires manager approval for all mileage claims.
   • CCreate separate mileage expense categories for car and motorcycle, each with its own rate per mile, and set up an expense report policy that requires a business purpose and limits submission to 30 days.
   • DCreate a mileage expense category with a rate per mile, and set up a policy that requires a receipt for all mileage claims.
   Reveal Solution Discussion Select an answer first