A company wants to differentiate between reimbursable business expenses and non-reimbursable personal expenses in expense reports. They also want to enforce that personal expenses are not reimbursed. What should you configure?

Create a personal expense category and set up a workflow that requires manager approval for all personal expenses.

Create a business expense category and a policy that rejects any expense report that includes a personal expense.

Create a single expense category for all expenses and manually adjust the reimbursement amount for personal items.

Create separate expense categories for business and personal expenses, and configure the personal expense category to be non-reimbursable.

What is the purpose of creating an expense report in Dynamics 365 Finance?

To track employee attendance during business trips

To configure expense categories and policies

To record the company's general ledger transactions

To document and submit expenses for approval and reimbursement

In Dynamics 365 Finance, how are personal expenses typically identified on an expense report?

By the expense being approved by a manager

By the employee marking the expense as 'personal' in the report header

By the amount of the expense being below a certain threshold

By using a specific expense category designated as personal

In Dynamics 365 Finance, what is the primary purpose of configuring expense categories?

To define the tax rates that apply to each expense type

To classify and manage different types of expenses for reporting and reimbursement

To set up approval workflows for each expense report

To define the general ledger accounts that will be used when posting expense reports

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 2

Configure Expense Management MB-310 Practice Questions (Page 3)

Part of the Implement and manage accounts payable and expenses 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 2–5 from this objective — we provide 23 practice questions to prepare you well beyond it. (estimate)

23questions here

5free pages

7concepts

10–15%of the exam

Questions 11–15

11application · medium
A company wants to differentiate between reimbursable business expenses and non-reimbursable personal expenses in expense reports. They also want to enforce that personal expenses are not reimbursed. What should you configure?
Select an answer first
12foundation · easy
What is the purpose of creating an expense report in Dynamics 365 Finance?
Select an answer first
13foundation · easy
In Dynamics 365 Finance, how are personal expenses typically identified on an expense report?
Select an answer first
14foundation · easy
When an employee incurs an expense on behalf of one legal entity but the expense is paid by another legal entity, what type of expense is this?
Select an answer first
15foundation · easy
In Dynamics 365 Finance, what is the primary purpose of configuring expense categories?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to MB-310

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by Microsoft. “MB-310” is a trademark of its owner, used for identification only.