Your organization has three legal entities that all purchase from the same vendor. You want to maintain a single vendor master record that is shared across all legal entities, but each legal entity needs to have its own vendor invoice approval workflow. What should you do?

Use the Vendor collaboration workspace to share vendor data across legal entities.

Enable the Shared vendors parameter and create a shared vendor record, then configure workflows per legal entity.

Create a vendor in one legal entity and use data entities to export and import it to the other legal entities.

Create a separate vendor record in each legal entity and link them using a vendor group.

In Dynamics 365 Finance, what is the primary purpose of vendor groups?

To store vendor bank account information

To categorize vendors for efficient management and reporting

To define the general ledger accounts used for vendor transactions

To control user access to vendor records

Why is it important to set up vendor bank accounts in Dynamics 365 Finance?

To define the vendor's posting profile

To determine the vendor's currency

To enable electronic payments to vendors

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 1

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 6)

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 55 practice questions to prepare you well beyond it. (estimate)

55questions here

11free pages

15concepts

10–15%of the exam

Questions 26–30

26foundation · easy
Which of the following is a required field when entering a line in a vendor invoice journal?
Select an answer first
27foundation · easy
Which component of an invoice validation policy in Dynamics 365 Finance determines the conditions that trigger a validation rule?
Select an answer first
28application · medium
Your organization has three legal entities that all purchase from the same vendor. You want to maintain a single vendor master record that is shared across all legal entities, but each legal entity needs to have its own vendor invoice approval workflow. What should you do?
Select an answer first
29foundation · easy
In Dynamics 365 Finance, what is the primary purpose of vendor groups?
Select an answer first
30foundation · easy
Why is it important to set up vendor bank accounts in Dynamics 365 Finance?
Select an answer first

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Implement and Manage Accounts Payable MB-310 Practice Questions (Page 6)

Questions 26–30

Which of the following is a required field when entering a line in a vendor invoice journal?

Which component of an invoice validation policy in Dynamics 365 Finance determines the conditions that trigger a validation rule?

Your organization has three legal entities that all purchase from the same vendor. You want to maintain a single vendor master record that is shared across all legal entities, but each legal entity needs to have its own vendor invoice approval workflow. What should you do?

In Dynamics 365 Finance, what is the primary purpose of vendor groups?

Why is it important to set up vendor bank accounts in Dynamics 365 Finance?

Keep studying — Implement and manage accounts payable and expenses