Exam MB-310 topic 1 question 83 discussion

Actual exam question from Microsoft's MB-310

Question #: 83
Topic #: 1

You are implementing Dynamics 365 Finance.
You must configure a more accurate cash flow forecast related to sales tax. The sales tax calculation should be based on the expected transaction amounts and dates.
You need to configure the cash flow forecast.
Which setup should you use?

A. Bridging accounts
B. Sales forecast defaults
C. Dependent accounts
D. Purchasing forecast defaults

Show Suggested Answer

Suggested Answer: B 🗳️
Cash flow forecasting can be integrated with General ledger, Accounts payable, Accounts receivable, Budgeting and inventory management. The forecasting process uses transaction information that is entered in the system, and the calculation process forecasts the expected cash impact of each transaction.
Note: In the Purchasing forecast defaults section, you can select default purchasing behaviors for cash flow forecasting. Three fields determine the time of the cash impact: Time between delivery date and invoice date, Terms of payment, and Time between invoice due date and payment date. The forecast will use the default setting for the Terms of payment field only if a value isn't specified on the transaction. Use a term of payment to describe the most typical number of days for each part of the process.

Sales tax authority payments -
The Cash flow sales tax authority payments feature predicts the cash flow impact of sales tax payments. It uses unpaid sales tax transactions, tax settlement periods, and the tax period payment term to predict the date and amount of cash flow payments.
Incorrect:
Not A: A bridged payment is a payment that is posted to the general ledger in two steps. Typically, this approach is used when the method of payment is set to
Bank, and you must post transactions to the bank account only when the transaction has cleared the bank.
Not B: If your organization has configured multiple forecasts, save your users time and select one to be displayed by default when they open the Forecasts page.
With Dynamics 365 Sales forecasting, we are introducing a new set of capabilities that empower organizations to natively create and manage bottom-up sales forecast processes.
Accurate forecasting helps everyone on the team:
Sellers can manage their pipeline and focus time more effectively, by identifying the deals they need to close to meet quotas.
Sales managers and leaders can plan sales team execution and meet sales forecasts more confidently with greater flexibility and a clearer view into bottom-up projections, all the while gaining a deeper understanding of those opportunities that impact the business.
Sales enablement managers can benefit from greater flexibility to offer more granular and meaningful guidance that accurately reflects sales execution.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting https://docs.microsoft.com/en-us/dynamics365-release-plan/2020wave1/dynamics365-sales/forecasting

by kripe86 at Nov. 17, 2022, 9:30 a.m.

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globeearth

1 week, 4 days ago

Selected Answer: C

C. Dependent accounts The Dependent accounts setup in the cash flow forecast configuration allows you to define relationships between a primary main account (e.g., a sales or purchase account) and a dependent main account (e.g., a sales tax payable account). This setup enables the system to forecast cash flow amounts for the dependent account (sales tax) as a percentage of the transactions in the primary account, based on expected transaction amounts and dates. This is particularly useful for accurately predicting the cash flow impact of sales tax payments, as it ties the tax forecast directly to the related sales or purchase transactions and their timing.

upvoted 1 times

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Bisera

7 months, 1 week ago

B is correct

upvoted 1 times

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Alice9

11 months ago

Seems the answer is none of the above?

upvoted 2 times

Alice9

10 months, 3 weeks ago

Sales tax payable can be set up as a dependent account perhaps. https://learn.microsoft.com/en-us/dynamics365/finance/cash-bank-management/cash-flow-forecasting

upvoted 4 times

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kripe86

11 months, 3 weeks ago

This question is a mess. How can the answer be B, if the help text says, B is incorrect?

upvoted 3 times

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Exam MB-310 topic 1 question 83 discussion

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globeearth

Bisera

Alice9

Alice9

kripe86

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