Question 1

Which of the following functionalities in Finance helps companies manage delinquent customers?

A. Accounts receivable B. Accounts payable C. Credit and collections D. General ledger

Question 2

When people speak about the bottom line, they are referring to:

A. Net Profit B. Gross Margin C. Gross Profit

Question 3

Which would you find on an Income Statement?

A. Expense B. Fixed Asset C. Liability

Question 4

Which of the following functionalities in Finance helps companies to prioritize payments received?

A. Accounts receivable B. Cash and bank management C. Credit and collections D. General ledger

Question 5

Which of the following functionalities in Finance helps companies cancel wrong deposits?

A. Accounts receivable B. Cash and bank management C. Credit and collections D. General ledger

Question 6

Which one of the following items is not found on a Balance Sheet?

A. Cash B. Gross Profit C. Assets D. Liabilities

Question 7

Which accounting system most accurately reflects profitability?

A. Cash Accounting B. Flow of Funds Accounting C. Accrual Accounting

Question 8

Where can you modify the chart of accounts delimiter?

A. General ledger > Ledger setup > Ledger calendars B. General ledger > Ledger setup > General ledger parameters C. General ledger > Ledger setup > Fiscal calendars D. General ledger > Ledger setup > Ledger

Question 9

A prepaid expense is:

A. an Asset B. Owner’s Equity C. a Liabilit

Question 10

Which of the following do you not need to set up when configuring a chart of accounts?

A. Procurement categories B. Accounts C. Dimensions D. Structures

MB-310: Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate