A company wants to ensure that all vendor invoices with a purchase order are automatically checked for price and quantity discrepancies before posting. They also want to allow tolerance for minor variances. What should you configure?

Use the vendor invoice journal and manually verify each line against the purchase order.

Configure vendor posting profiles to post only matched invoices.

Set up invoice matching with price and quantity tolerances, and enable matching validation on the Accounts payable parameters.

Create a workflow that requires manual approval for every invoice that has a purchase order.

In Dynamics 365 Finance, which of the following is a result of running foreign currency revaluation?

Vendor payment methods are changed

Vendor bank accounts are updated

Unrealized gain or loss is posted

Vendor posting profiles are modified

A company pays a monthly retainer to a vendor. The amount is always the same, and the invoice arrives on the first of each month. They want to automate the creation of these invoices to reduce manual entry. What should you configure?

Set up a recurring vendor invoice template and generate the invoice each month.

Set up an invoice matching policy to allow recurring invoices.

Create a vendor payment method that automatically generates the invoice.

Use the vendor invoice journal and copy the previous invoice each month.

A global company has multiple legal entities that purchase from the same vendor. They want to maintain a single vendor master record that can be used across all legal entities, but each legal entity should have its own payment terms and bank account for that vendor. What should you configure?

Set up an intercompany vendor invoice for each legal entity.

Create a separate vendor record in each legal entity with the same name.

Enable the vendor for sharing across legal entities and set up the vendor as a shared vendor.

Use a vendor posting profile that applies to all legal entities.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 3Objective 1

Implement and Manage Accounts Payable MB-310 Practice Questions (Page 9)

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 41–45

41application · medium
A company wants to ensure that all vendor invoices with a purchase order are automatically checked for price and quantity discrepancies before posting. They also want to allow tolerance for minor variances. What should you configure?
Select an answer first
42foundation · easy
In Dynamics 365 Finance, which of the following is a result of running foreign currency revaluation?
Select an answer first
43foundation · easy
Which of the following is a type of charge that can be applied to a vendor invoice?
Select an answer first
44application · medium
A company pays a monthly retainer to a vendor. The amount is always the same, and the invoice arrives on the first of each month. They want to automate the creation of these invoices to reduce manual entry. What should you configure?
Select an answer first
45application · medium
A global company has multiple legal entities that purchase from the same vendor. They want to maintain a single vendor master record that can be used across all legal entities, but each legal entity should have its own payment terms and bank account for that vendor. What should you configure?
Select an answer first

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