Design and Configure the Chart of Accounts and Financial Dimensions MB-310 Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   What is the purpose of financial tags in Dynamics 365 Finance?

   • ATo define the currency for a transaction
   • BTo control user access to transactions
   • CTo capture additional transaction details for reporting
   • DTo store the transaction's opening balance
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2. 22application · medium

   A manufacturing company wants to ensure that the balance of the 'Bank - Operating' main account never goes below zero. They want the system to warn users when a posted transaction would cause a negative balance. What should you configure?

   • AConfigure a derived dimension to automatically adjust the balance.
   • BSet up a balance control account for the 'Bank - Operating' main account with the appropriate control limit.
   • CUse a financial dimension default template to set the bank account dimension.
   • DCreate an advanced rule that prevents posting if the balance would be negative.
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4. 23foundation · easy

   What is the primary purpose of a main account in Dynamics 365 Finance?

   • ATo store customer contact details
   • BTo define the company's fiscal year
   • CTo control user access to the general ledger
   • DTo categorize financial transactions for reporting and analysis
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5. 24expert · hard

   A company has an account structure that includes the Department dimension. The finance team wants to allow all departments for most main accounts, but for main account 5000 (Payroll), only the HR department should be allowed. They also want to ensure that the Department dimension is always entered. What is the most efficient configuration?

   • ASet up a balance control account for main account 5000 to monitor the department.
   • BUse a financial dimension default template to set Department to HR for main account 5000.
   • CCreate a new account structure for main account 5000 that only includes HR.
   • DKeep the existing account structure and create an advanced rule for main account 5000 that allows only HR, and add a validation rule to require Department.
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6. 25expert · hard

   A global company is implementing Dynamics 365 Finance. They have a complex account structure with multiple dimensions. They want to allow certain dimension combinations only for specific main account ranges. For example, the 'Project' dimension can only be used with main accounts 400000–499999 (Revenue). They also want to ensure that the 'Cost Center' dimension is always required for expense accounts (500000–599999). What should you configure?

   • AUse financial dimension default templates to enforce the requirements.
   • BCreate one account structure with all dimensions, then use advanced rules to restrict the Project dimension to the revenue range and require Cost Center for the expense range.
   • CCreate two separate account structures: one for revenue accounts and one for expense accounts, each with different dimensions.
   • DConfigure balance control accounts to enforce the dimension requirements.
   Reveal Solution Discussion Select an answer first