Design and Configure the Chart of Accounts and Financial Dimensions MB-310 Practice Questions (Page 7)

Questions 31–35

1. 31application · medium

   A company is designing its chart of accounts for a new legal entity. The company must comply with a local regulatory requirement that certain expenses be reported separately. The finance team wants to ensure the chart of accounts is structured to meet this requirement while keeping the number of main accounts manageable. What should you do?

   • ACreate separate main accounts for the regulated expense categories and assign them to appropriate main account categories.
   • BCreate a legal entity override for the existing main accounts to meet the regulatory requirement.
   • CUse a single main account for all expenses and rely on financial dimensions to distinguish the regulated categories.
   • DUse a financial tag to identify the regulated expenses.
   Reveal Solution Discussion Select an answer first
2. 32application · medium

   A company has an account structure that includes the Department dimension. For certain main accounts (e.g., 600000 'Travel'), they want to require a specific set of departments (e.g., Sales, Marketing) and disallow all others. What should you configure?

   • ACreate a separate account structure for main account 600000.
   • BCreate an advanced rule for main account 600000 that limits the Department dimension to Sales and Marketing.
   • CUse a financial dimension default template for the Travel account.
   • DConfigure balance control accounts to restrict departments.
   Reveal Solution Discussion Select an answer first
4. 33expert · hard

   A company is designing financial dimensions. They have two reporting requirements: (1) report on expenses by department and by cost center, and (2) report on revenue by region and by product line. They want to minimize the number of dimensions while meeting both requirements. They also want to avoid requiring users to enter irrelevant dimensions on transactions. What should you do?

   • ACreate only two dimensions: Department and Region, and use financial tags for the others.
   • BCreate four dimensions: Department, Cost Center, Region, and Product Line, and add them to the account structure with appropriate mandatory settings.
   • CUse derived dimensions to automatically populate all four dimensions.
   • DCreate one combined dimension called 'Department/Cost Center' and another called 'Region/Product Line'.
   Reveal Solution Discussion Select an answer first
5. 34foundation · easy

   When configuring a financial dimension in Dynamics 365 Finance, which of the following is a required setting?

   • AThe dimension name
   • BA default value for the dimension
   • CA derived dimension
   • DA legal entity override
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6. 35application · medium

   A company wants to streamline the entry of purchase invoices. Most purchases are for the 'Operations' department and the 'Main' cost center. They want these values to be automatically suggested when a user enters a purchase invoice, but the user should still be able to change them. What should you configure?

   • AConfigure advanced rules to enforce the department and cost center.
   • BCreate a financial dimension default template that includes Department = Operations and Cost Center = Main.
   • CUse legal entity overrides to set the department and cost center.
   • DSet up derived dimensions to automatically fill the department and cost center.
   Reveal Solution Discussion Select an answer first