MB-310 Manage Budgeting — All Questions With Answers

Question 1hardmulti select

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Your company is implementing budgeting in Microsoft Dynamics 365 Finance. You need to configure budget planning dimensions and ensure proper data flow. Which TWO actions must you perform? Each correct answer presents part of the solution.

Question 2mediummultiple choice

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Refer to the exhibit. An organization uses the budget control configuration shown in the JSON snippet. A user attempts to submit a purchase requisition that exceeds the available budget funds, and draft commitments are currently excluded. What behavior should the user expect upon submission?

Exhibit

{
  "BudgetControlConfiguration": {
    "Active": true,
    "ValidationRule": "BlockIfExceeded",
    "CheckDocuments": ["PurchaseOrder", "PurchaseRequisition"],
    "BudgetCycleTimeSpan": "FiscalYear",
    "IncludeDraftCommitments": false
  }
}

Question 3mediummultiple choice

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Your organization is implementing budget control in Microsoft Dynamics 365 Finance. You need to configure budget control to validate budget funds against specific financial dimension sets before posting purchase orders. Which setup step must you perform first?

Question 4mediummultiple choice

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An organization uses Microsoft Dynamics 365 Finance to manage budget control. During transaction entry, a purchase order fails budget checking due to insufficient remaining budget funds. The finance department requests that users be allowed to override this budget check without changing the underlying budget amounts. Which configuration must you adjust to permit this behavior?

Question 5hardmulti select

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You are setting up budget planning in Microsoft Dynamics 365 Finance for a multi-company enterprise. The finance team needs to generate initial budget plan lines from actual historical expenditure data residing in General Ledger. Which TWO actions must you perform to successfully configure and execute this process? Each correct answer presents part of the solution.

Question 6mediummultiple choice

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An organization uses Microsoft Dynamics 365 Finance to manage budgets. A finance manager attempts to create a new budget plan, but the system prevents them from selecting a specific budget planning process. What is the most likely cause of this behavior?

Question 7mediummultiple choice

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Your organization requires that budget control be applied to purchase requisitions. When a user submits a requisition, the system must validate funds against the budget register entry. Which configuration step is mandatory to enable this validation?

Question 8mediummultiple choice

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A department manager needs to adjust the budget during the fiscal year. What is the recommended method to increase the budget amount for a specific financial dimension without affecting the original budget plan?

Question 9mediummultiple choice

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Your organization uses Budget control with hard limits. When a user creates a purchase order that exceeds the remaining budget, the system blocks the transaction. Which feature allows you to override this validation for specific urgent scenarios?

Question 10hardmulti select

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Your organization utilizes budget planning in Microsoft Dynamics 365 Finance to compile the upcoming fiscal year operating budget. The finance team needs to generate initial budget plan lines using historical actual expenditures from the General Ledger. Which TWO actions must you perform to successfully achieve this? (Choose two.)

Question 11hardmulti select

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Your organization requires that budget manager approvals for budget register entries are mandatory based on specific monetary thresholds and organizational hierarchy. Which THREE configurations must be established to support this requirement? (Check three.)

Question 12mediummultiple choice

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A Contoso finance team uses Microsoft Dynamics 365 Finance. The budget manager wants to allow department managers to enter budget register entries, but only for their own department. The entries must be automatically validated against the department's approved budget. What should you configure?

Question 13hardmultiple choice

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A company uses Microsoft Dynamics 365 Finance. They have configured budget control with a budget group that includes the Department and MainAccount dimensions. A purchase requisition for $10,000 is submitted for Department 100, MainAccount 6000. The available budget for that combination is $8,000. The budget control rule is set to 'Enforce' with a threshold of 90%. What happens when the purchase requisition is submitted?

Question 14hardmultiple choice

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A public sector organization uses Microsoft Dynamics 365 Finance to manage budget control. The finance team wants to allow a purchase order to exceed the remaining budget by up to 5% before posting is blocked. They have already created a budget control rule for purchase orders. What should they configure to meet this requirement?

Question 15easymultiple choice

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A company is setting up budget control in Microsoft Dynamics 365 Finance. They want to ensure that when a vendor invoice is posted, the system checks the budget for the expense account and dimension combination. The budget manager has already created a budget control rule for vendor invoices. What additional configuration is required to ensure the budget check uses the correct budget funds available?

Question 16hardmultiple choice

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A finance team is using budget planning in Microsoft Dynamics 365 Finance. They need to ensure that when a budget plan is approved, the amounts are automatically transferred to the budget register entries for the next fiscal year. Which configuration should they set up?

Question 17hardmultiple choice

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A large organization uses budget control with a budget model that has a workflow for budget register entries. A budget manager creates a budget register entry to increase the budget for a department. The entry is submitted to workflow but not yet approved. What happens if a purchase order for that department is submitted for budget check?

Question 18mediummultiple choice

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A legal firm uses Microsoft Dynamics 365 Finance to manage its annual operating budget. The finance manager wants to prevent any purchase order from being processed if it would cause the legal department's travel expense budget to be exceeded. The manager also needs the ability to temporarily allow an over-budget purchase order for a high-priority case without changing the budget amount. Which budget control configuration should you implement?

Question 19mediummultiple choice

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You are a functional consultant at Fabrikam, which uses Microsoft Dynamics 365 Finance. The controller wants to reserve a portion of the annual budget for unplanned marketing opportunities. The reserved amount must be reflected in the budget register without being available for department spending, and it must be tied to the Marketing department and the Marketing purpose. Which budget register entry type should you use to record this reservation?

Question 20easymultiple choice

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A retail organization is implementing budget control in Microsoft Dynamics 365 Finance. The budget manager wants to ensure that all purchase requisitions are checked against the available budget before they are approved. The organization also wants to allow certain users to post transactions that exceed the budget without requiring a budget transfer, but only for a limited time. What should you configure?

Question 21mediummultiple choice

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A purchasing manager at Fabrikam creates a purchase requisition for $60,000 against a budget that has only $45,000 remaining. Budget control is configured with a threshold of 90% and an over-budget permission of 10%. What happens when the requisition is submitted to workflow?

Question 22mediummultiple choice

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A Dynamics 365 Finance consultant is setting up budget control for a new fiscal year. The organization wants to allow a specific group of power users to post transactions that exceed the remaining budget without being blocked, while all other users must be prevented from overspending. The finance team also requires that any overspending by the power users is still recorded and visible in budget reporting. What should the consultant configure?

Question 23mediummultiple choice

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A multinational corporation uses Microsoft Dynamics 365 Finance to manage budgets across multiple legal entities. The finance director wants to consolidate budget data from all entities into a single budget plan for reporting purposes. The corporation also needs to ensure that budget transfers between entities are recorded and auditable. Which feature should you use to achieve these goals?

Question 24mediummulti select

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A Contoso finance team is setting up budget planning in Microsoft Dynamics 365 Finance. They need to ensure that budget plan lines can be created from multiple sources, including historical actuals and other budget plans, and that the planning process includes an approval workflow. Which two actions must the team perform to meet these requirements? (Choose two.)

Question 25mediummultiple choice

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A finance team at Adventure Works is configuring budget control for a new fiscal year. They need to ensure that budget checking applies to purchase orders but not to vendor invoices, because invoices are already checked at the purchase order stage. Which configuration should they implement?

Question 26hardmultiple choice

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A company uses budget control in Microsoft Dynamics 365 Finance. The budget manager reports that a purchase order for $15,000 was posted even though the available budget for the combination of Department and CostCenter was only $10,000. The budget control rule for this combination is configured with an over-budget permission of Deny and a threshold of $5,000. What is the most likely reason the purchase order was not blocked?

Question 27easymultiple choice

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A budget manager needs to transfer budget amounts between two main accounts within the same budget model and dimension set. The transfer must be reflected immediately in budget balances without creating a budget register entry that requires approval. Which budget register entry type should the manager use?

Question 28hardmulti select

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A budget manager at Northwind Traders is setting up budget planning for the next fiscal year. They need to ensure that budget plan lines can be created for multiple scenarios and that the final approved budget can be transferred to the general ledger. Which two actions must be completed? (Choose two.)

Question 29hardmultiple choice

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A financial controller at Litware, Inc. is reviewing budget control performance. They notice that budget checks are taking a long time during peak transaction entry. They need to improve performance without disabling budget control. What should they do?

Question 30mediummultiple choice

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A public sector organization uses Dynamics 365 Finance to manage budgets. They need to track both original budget and current budget amounts, and they want to ensure that budget control uses the current budget for availability checks. Which budget model configuration should they use?

Question 31mediummulti select

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A Fabrikam finance team is configuring budget control in Dynamics 365 Finance. They need to ensure that purchase requisitions are checked against available budget before they are approved. Which two actions must the team perform? (Choose two.)

Question 32mediummultiple choice

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An organization uses Microsoft Dynamics 365 Finance to manage budget control. During purchase order entry, users receive an error stating that the budget limit has been exceeded, but the finance manager needs certain critical purchase orders to bypass this check temporarily without modifying the global budget control configuration. What should you configure to support this requirement?

Question 33hardmulti select

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An enterprise client using Microsoft Dynamics 365 Finance wants to configure budget planning stages and workflows. Which TWO actions must you complete to ensure budget planners can successfully submit worksheets for review? Each correct answer represents part of the solution.

Question 34mediummultiple choice

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An organization plans to implement budget control in Microsoft Dynamics 365 Finance. You must define the rules for checking budget funds prior to posting documents. Which component must you configure to establish these validation parameters?

Question 35hardmulti select

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Your company requires specific documents to be evaluated against budget funds before they affect the general ledger. Which TWO source documents can be configured for budget control validation in Microsoft Dynamics 365 Finance? Select two.

Question 36hardmultiple choice

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Refer to the exhibit. You are configuring budget control for a new department. After enabling the budget control rule, you receive the error message shown in the exhibit when attempting to process a transaction. What is the root cause of this error?

Exhibit

Budget control configuration error: 'The combination of ledger dimension values is not supported for budget control validation.'

Question 37mediummulti select

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Your company is implementing Budget planning. Which TWO actions must be completed to successfully import budget data from Microsoft Excel? (Choose two)

Question 38easymultiple choice

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What is the primary purpose of the 'Budget cycle time span' configuration?

Question 39hardmulti select

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Which THREE steps are necessary to set up Budget planning for a new fiscal year? (Choose three)

Question 40mediummultiple choice

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When reviewing budget plan lines, you notice that the 'Actual' data is not appearing as expected. What is the most likely cause for this missing information?

Question 41hardmultiple choice

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Refer to the exhibit. A user attempts to create a purchase order for the 'Marketing' department. Based on the configuration provided in the exhibit, what will happen when the user submits the purchase order?

Exhibit

Budget control configuration:
- Dimension set: MainAccount, Department
- Control rule: Hard limit
- Filter: Dept = 'Sales'
- Budget model: 'FY2024'
- Document: Purchase order

Question 42mediummultiple choice

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You are configuring budget control in Microsoft Dynamics 365 Finance. A finance manager wants to ensure that purchase orders do not exceed available budget funds, and any purchase order exceeding the budget must be routed through workflow for approval rather than being permanently blocked immediately. Which budget control action should you configure?

Question 43mediummultiple choice

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Refer to the exhibit.

Question 44hardmultiple choice

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A Contoso finance team is configuring budget control in Microsoft Dynamics 365 Finance. They want to prevent posting of a vendor invoice when the remaining budget for the combination of main account 6100 and Department 20 is insufficient, but they also need to allow a limited overspend of 5 percent before the system blocks the transaction. The budget manager must be notified by email when the threshold is crossed. Which configuration should the team perform?

Question 45easymultiple choice

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You are setting up budget control for a new fiscal year in Microsoft Dynamics 365 Finance. The finance director wants to prevent any purchase order from exceeding the available budget for the MainAccount dimension. What should you do first?

Question 46mediummultiple choice

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A Contoso finance specialist is configuring budget control for a new fiscal year. The company wants to ensure that when a purchase requisition is submitted, the system checks whether sufficient budget remains. The budget manager selects the budget control rule and the budget funds available definition. However, when a test purchase requisition is submitted, no budget check occurs. What is the most likely cause?

Question 47mediummultiple choice

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A Contoso budget manager needs to register a new budget register entry that combines multiple ledger accounts and dimensions in one transaction. They must ensure the entry can be posted and tracked as a single document. Which configuration should they use?

Question 48hardmultiple choice

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A public sector organization uses Dynamics 365 Finance budgeting. They need to enforce that purchase orders cannot exceed the available budget for a specific combination of main account and department. Which configuration should they implement?

Question 49easymultiple choice

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A finance user needs to review the budget versus actual expenditures for a specific department for the current year. Which Dynamics 365 Finance feature should they use?

Question 50mediummulti select

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A company is implementing budget control in Dynamics 365 Finance. They need to ensure that budget checks are performed for purchase requisitions and purchase orders. Which two configurations are required? (Choose two.)

Question 51hardmultiple choice

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A Contoso controller needs to ensure that only budget amounts entered by users assigned to the 'BudgetManager' security role are included when a budget register entry is posted, while amounts from other roles are held for review. The budget register entry uses a workflow that is already active. Which configuration should the controller use to enforce this requirement?

Question 52hardmulti select

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You are configuring budget control for a new legal entity in Microsoft Dynamics 365 Finance. The organization requires that budget checks occur for purchase requisitions and vendor invoices, and that over-budget warnings are displayed to users without preventing posting. Which two configuration actions must you perform to meet these requirements? (Choose two.)

Question 53easymultiple choice

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A budget analyst at Contoso needs to transfer budget amounts between two main accounts within the same department for the current fiscal year. Which budget register entry type should the analyst use?

Question 54easymultiple choice

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A junior consultant is reviewing budget register entries in Microsoft Dynamics 365 Finance for a client. The client wants to know which entry type increases the available budget balance for a department without requiring a transfer from another department. Which budget register entry type should the consultant identify as increasing available budget?

Question 55mediummultiple choice

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You are setting up budget control for a legal entity that uses multiple budget dimensions, including Department, CostCenter, and Purpose. The finance team wants budget checks to validate only the Department and CostCenter dimensions, ignoring Purpose. Which configuration should you modify to achieve this?

Question 56mediummultiple choice

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A Contoso finance team discovers that a posted vendor invoice did not undergo budget control even though budget control is enabled for the account structure. The team confirms the invoice was posted through the Accounts payable module. What is the most likely reason the budget check was bypassed?

Question 57easymultiple choice

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A Dynamics 365 Finance user needs to transfer budget amounts from one department to another within the same fiscal year. The organization uses budget register entries for all budget adjustments. Which budget code should the user select to record this transfer?

Question 58mediummultiple choice

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A Contoso budget manager needs to allow department managers to draft budget plan lines and attach supporting documentation, but the lines must not affect the approved budget until a controller reviews and approves them. The budget planning workflow already includes a controller approval task. Which configuration should you apply to the budget planning stage that department managers use?

Question 59hardmultiple choice

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An organization using Microsoft Dynamics 365 Finance wants to ensure that when a purchase requisition is submitted, it is checked against the available budget before it can proceed to approval. They have already configured budget control and enabled it for the legal entity. What must be configured next to enforce this check specifically on purchase requisitions?

Question 60hardmultiple choice

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A Fabrikam controller creates a budget transfer in the budget register. The transfer moves 50,000 from the Operations budget account to the Marketing budget account. Both accounts are under budget control with the same budget model and budget cycle. After posting the transfer, the controller notices that budget control availability for Operations decreased, but Marketing availability did not increase. What is the most likely cause?

Question 61hardmultiple choice

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A company uses budget planning in Dynamics 365 Finance. The budget planning process includes multiple stages with workflows. The finance team wants to ensure that when a budget plan is rejected at any stage, it is returned to the originator for revision, and that the originator can resubmit it without creating a new budget plan. Which configuration should you implement?

Question 62easymultiple choice

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A Contoso financial analyst is preparing the annual budget and needs to enter original budget amounts for several departments. The organization wants the amounts to be available for budget control as soon as they are entered. Which budget register entry type should the analyst use?

Question 63hardmultiple choice

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A Contoso budget analyst is using budget planning in Dynamics 365 Finance. The analyst needs to create a budget plan that pulls actual expenditure from the previous fiscal year as a starting point, applies a 5 percent increase, and then allows department managers to adjust the lines. Which sequence of configuration elements should the analyst use?

Question 64hardmulti select

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A multinational company is implementing budget control in Dynamics 365 Finance. The company wants to ensure that budget checks are performed for purchase requisitions and purchase orders, and that over-budget transactions are prevented from posting. The company also wants to allow certain users to override budget check failures. Which two configurations are required to meet these requirements? (Choose two.)

{ "BudgetControlConfiguration": { "Active": true, "ValidationRule": "BlockIfExceeded", "CheckDocuments": ["PurchaseOrder", "PurchaseRequisition"], "BudgetCycleTimeSpan": "FiscalYear", "IncludeDraftCommitments": false } }