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MB3-216 - Great Plains 8.0 Financials - Dump Information

Vendor : Microsoft
Exam Code : MB3-216
Exam Name : Great Plains 8.0 Financials
Questions and Answers : 300 Q & A
Updated On : February 23, 2018
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MB3-216 Questions and Answers



Which option on the menu bar should be selected if you want to mark a group of consecutive documents in the reconcile window?

  1. Tools

  2. Range

  3. Edit

  4. Utilities

Answer: B


If the period-end procedure Finance Charges is used, what additional step must be performed to have finance charges appear on statements?

  1. Post the finance charge batch

  2. Paid Transaction Removal must be run

  3. No other step is needed

  4. Aging must be performed

Answer: A


What type of account posts to the distribution accounts based on the balance in the breakdown accounts?

  1. Posting accounts

  2. Variable Allocation accounts

  3. Fixed Allocation accounts

  4. Unit accounts

Answer: B


What tasks can be performed directly in the SmartList window?

  1. Access key information from your accounting data

  2. Update your customer and vendor information

  3. Perform searches to limit views to specific information

  4. Export information to Microsoft Excel and Word

Answer: A, C, D


What must you do prior to setting up salespeople?

  1. Set up a sales territory

  2. Set up Sales Managers

  3. Enter commission amounts on items in Inventory

  4. Set up employees in Payroll

Answer: A


Which of the following is true about a unit account transaction?

  1. A credit increases the quantity of a unit account

  2. A debit decreases the quantity of a unit account

  3. You can enter a one sided transaction

  4. It can only be entered in clearing entry

Answer: C


What is the maximum number of aging periods you can have in Receivables Management?

  1. 6

  2. 4

  3. 7

  4. 5

Answer: C


The benefit of using Multidimensional Analysis is to record detailed information about transactions without having to do what?

  1. Save transaction history

  2. Create a highly detailed Chart of Accounts

  3. Set up allocation accounts

  4. Post to the General Ledger in detail

Answer: B


Which transaction types take the next number from the checkbook?

  1. Deposit

  2. Receipt

  3. Withdrawal

  4. Check

Answer: A, D


When do cash receipts from Receivables Management update the checkbook balance?

  1. When the receipt is posted in Receivables Management

  2. When the receipt is posted/deposited on a deposit in Bank Reconciliation

  3. When the receipt is posted in General Ledger

  4. When the receipt has cleared the bank

Answer: B


What is the maximum number of account segments in Great Plains?

  1. 20

  2. 5

  3. 10

  4. 15

Answer: C


If you want the ability to reprint posting journals in Great Plains, what window would you use to verify that this option is turned on?

  1. Batch Entry window

  2. Company Setup window

  3. Audit Trail Codes Setup window

  4. Posting Setup window

Answer: C


Which period-end procedure allows you to print an Aged Trial Balance report?

  1. Finance Charges

  2. Paid Transaction Removal

  3. Aging

  4. Statements

Answer: C


Which documents can be entered into a recurring batch in Receivables Management?

  1. Debit Memos

  2. Payments

  3. Credit Memos

  4. Invoices

Answer: A, D

Microsoft MB3-216 Exam (Great Plains 8.0 Financials) Detailed Information

Microsoft Certification Program benefits
Learn about the benefits of the Microsoft Certification Program. Find answers to frequently asked questions regarding program benefits and Microsoft accounts.
Program benefits
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Q. What are the benefits of achieving a Microsoft Certification?
Microsoft Certification is an industry standard that is recognised worldwide. After you earn your Microsoft Certification, you have access to a number of benefits, which can be found on your benefits and exams dashboard.
Q. What will I find on the benefits and exams dashboard and who has access?
Individuals who have passed a Microsoft exam have access to the benefits and exams dashboard.
On the site, you will find:
A downloadable version of your certificate (you can order a printed copy); MOS members will need their Certiport login information
Your official Microsoft Certification downloadable transcript and access to the transcript-sharing tool
A tool to create and download certification logos
Your contact preferences and profile
Your Certification Planner
A sign up for the MCP Flash newsletters
Promotional offers, discounts and additional services
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Charter Members are the pioneering group of individuals who achieve a certification within six months following the retail release date of the certification. (People who pass the beta exams will receive the Charter certificate after the certification is commercially released.) Charter Members are recognised by being given the Charter version of the certificate acknowledging their early adoption of the technology solution. The Charter version of the certificate includes the word "Charter".
Q. Which certifications are eligible for Charter status?
If you have any of the following certifications, you are eligible for the Charter certificate: Microsoft Certified Solutions Associate (MCSA), Microsoft Certified Solutions Expert (MCSE), Microsoft Certified Solutions Developer (MCSD), Microsoft Certified Technology Specialist (MCTS), Microsoft Certified IT Professional (MCITP), Microsoft Certified Solutions Master (MCSM), or Microsoft Certified Professional Developer (MCPD). Exceptions include those certifications that are released when the technology covered is no longer the latest version of the technology. These include the MCSA: Windows 7, the MCSA: SQL Server 2008 and the MCSA: Windows Server 2008.
In addition, Microsoft Specialist (Specialist) certifications released in and after September 2015 are also eligible for Charter status, including all Windows 10, Big Data Analytics and Cloud Data Platform Specialist certifications.
Q. How much time do I have to order my Charter certificate?
You can digitally download or order your Charter certificate at any point after it is earned.
Q. When does the Charter certificate period start for localised exams?
The six-month "clock" start time is based on the earliest time the certification can be earned, which is typically based on English-language exam availability. For example, if an exam is available in German two months after the English version is available, the German candidate has only four more months to earn a Charter certificate.
Q. I have heard that Microsoft sponsors an Elevate America veterans initiative to help our country's veterans and their spouses acquire the skills and resources that they need to be successful in today's workplace. What is this initiative?
Through this initiative, Microsoft convenes a coalition of public, private and non-profit organisations that are interested in contributing expertise, cash and in-kind resources to help U.S. veterans and their spouses build the skills and access the resources that they need to be successful in today's workforce.
Accessing the benefits and exams dashboard
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Q. How do I qualify for access to the benefits and exams dashboard?
The benefits and exams dashboard is available if you have passed a Microsoft qualified exam. It provides customised resources specific to your achievements and certifications.
Sign in to the benefits and exams dashboard
Q. How do I access the Microsoft Certification benefits and exams dashboard for the first time?
After you pass your first Microsoft Certification exam, you will receive a welcome email message outlining the steps needed to gain access to the benefits and exams dashboard. Please check your junk folder to ensure that the automatic email message is not blocked by your spam filter. Here are the instructions you will receive in the email message.
Create a Microsoft account if you don't already have one.
On your first visit, click on the link provided in the email and use your Microsoft account to log in to the benefits and exams dashboard.
Note This must be done within 90 days of receiving the email to meet security requirements.
In some cases, you may be required to enter your Microsoft Certification ID (MC ID) and temporary access code, which will be supplied in the email message.
On future visits, log in to the benefits and exams dashboard using the same Microsoft account.
For assistance, go to Microsoft training and certification help.
Q. I do not know my Microsoft Certification ID (formerly MCP ID). What should I do?
Your MC ID is shown in your welcome email as well as in the profile information on the benefits and exams dashboard. If you are unable to access the benefits and exams dashboard, contact your Microsoft Regional Service Centre for assistance.
Q. What is the access code required for the benefits and exams dashboard?
An access code is a unique code that allows first-time access to the benefits and exams dashboard and, if required, is provided in your welcome email. You can only use the access code to sign in to the benefits and exams dashboard for the first time. If you misplace your code or it has retired, contact your Microsoft Regional Service Centre for assistance.
Q. How long does it take for my data to update after accessing the benefits and exams dashboard for the first time?
After you register, you must wait 24 hours before accessing your program benefits.
Q. I am a returning user and cannot access the benefits and exams dashboard. How do I gain access?
If you cannot remember the Microsoft account information associated with your account, or you have other difficulty accessing the benefits and exams dashboard, contact the Microsoft Regional Service Centre in your area.
Note If you have a Hotmail account, MSN email account or Microsoft Passport, it is your Microsoft account.
Q. I saved the URL to my Microsoft Certification Program benefits in my Favourites, but when I navigate there I am redirected to a sign-in page, not the page I am trying to access.
Because online benefits are available only to eligible Microsoft Certification Program members, you must enter your Microsoft account credentials to access your online benefits. After your account is authenticated, you will be redirected to the page you are trying to access.
Q. Why is my name on the benefits and exams dashboard different from what it is in my Microsoft Personal Profile?
You are required to use your legal name for the benefits and exams dashboard. The Microsoft Personal Profile is associated with your Microsoft account.
Q. How do I update my legal name?
To update your legal name, contact your Microsoft Regional Service Centre.
Q. How do I update the information in my Microsoft Personal Profile?
You can update your Microsoft Personal Profile in the Profile Centre.
To change the name that is associated with your Microsoft Certification ID (formerly, MCP ID), contact your Microsoft Regional Service Centre.
Q. I updated my email address at the Profile Centre, but it was not changed on my Microsoft Certification transcript. What is wrong?
It can take up to 48 hours for changes in your profile to appear on your Microsoft Certification transcript. Check your transcript later to verify that your email address has been updated.
Q. I entered an email address in my Microsoft Personal Profile, but the email field is still blank. What happened?
After you update your Personal Profile, a message is sent to the email address noted in your profile. For the changes to be saved, you must follow the instructions in the email message to confirm the update. Otherwise, the email address in your profile will be removed because it has not been confirmed.
Q. How do I use the Microsoft Certification logos, and what are my rights and responsibilities when I use them?
When you access the logo tool, you are required to read and accept the MCP logo guidelines to correctly promote your relationship with Microsoft and to protect the integrity of the logos. You must sign in to the benefits and exams dashboard in order to access these guidelines.
Q. How can I download electronic files of Microsoft Certification logos?
Logos are available for download from the benefits and exams dashboard.
Q. I passed a test a week ago and I want to print my logo, but I cannot select it for printing.
The test that you passed might not qualify you to print that specific logo. If you believe this is an error, contact the Microsoft Regional Service Centre.
Q. How do I report misuse of a Microsoft Certification logo?
Contact the Microsoft Regional Service Centre.
Microsoft account and Profile Centre
Hide all
Q. What is Microsoft account?
Microsoft account (formerly Windows Live ID) enables you to simply use your email address and password to sign in. After you create your Microsoft account, you can access all Microsoft account sites and services. If you already have an MSN Hotmail, MSN Messenger or Passport account, it is your Microsoft account.
Learn more about Microsoft account.
Q. If I do not have a Microsoft account, do I need to set one up to access the benefits and exams dashboard?
Yes. You can sign up for a Microsoft account now. You will not be able to access the benefits and exams dashboard without one.
Q. If I already have a Microsoft account, can I use it to access the benefits and exams dashboard?
Q. I do not remember the Microsoft account I used to access the benefits and exams dashboard. What should I do?
If you cannot remember the Microsoft account that you used to access the benefits and exams dashboard, contact your Microsoft Regional Service Centre for assistance.
Q. Will my Microsoft account expire?
If your Microsoft account is unused for one year, your Microsoft account may expire, and you may need to re-establish a Microsoft account.
Q. How do I update my profile?
Log in to the benefits and exams dashboard and, under the Account menu in the top right corner of the page, click Profile settings.
Q. What should I regularly update in my profile?
Update the following information to ensure that you receive communications from Microsoft:
Your contact preferences: Specify whether you want to receive promotional information about Microsoft products, services and events.
Your personal information: View, add or edit your personal contact information, such as your email address, business or personal address and phone numbers.
Your business information: View, add or edit information about your job and your organisation so that we can personalise content and recommend materials that match your job, organisation or industry.
Your technology preferences: View, add or edit information about your technology interests so that we can personalise content and recommend materials that match your interests.
Q. What if I do not want to receive email messages from Microsoft?
You are under no obligation to receive email messages from Microsoft. However, if you indicate that you do not want to receive communications from Microsoft through email, you cannot receive e-newsletters, such as the MCP Flash and MCT Flash. These communications provide up-to-date information on changes in training and certification resources, such as discontinued exams, Microsoft Certified Professional (MCP) benefits and special offers.
Q. How do I ensure that I receive communications by email?
Visit the Microsoft Profile Centre to indicate that you want to receive email messages from Microsoft.
Sign in to the Microsoft Profile Center to view and update your profile
Profile Center screenshot
Click My Contact Preferences, located on either the Profile Centre home page (shown above) or on the left-hand side of the page (shown below). Select E-Mail Address, and then click Save.
Note You can always unsubscribe from selected e-newsletters. However, if you do not select the E-Mail Address option, Microsoft cannot send you any information by email, including product notifications and news.
My Contact Preferences screenshot
Sign-up for e-newsletters: Select Manage Subscriptions on the left-hand side of the page. Tick all of the subscriptions that you want to receive, and then click Subscribe. You can also unsubscribe from publications.
Accessing your transcript
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Q. Where can I find my transcript or see which exams I have passed?
Access your transcript from the benefits and exams dashboard.
Under the section called Transcript, click on the View link.
Q. How do I give my employer or others access to my transcript via a secure connection that they can trust?
Microsoft offers a tool called Transcript Sharing, which can be accessed from the benefits and exams dashboard. Under the section called Transcript, click the Share link.
You will be asked to create an Access Code (which can be changed at any time) and given a Transcript ID. You will then provide these two codes to your selected audience, along with a URL to view your transcript.
Q. I have certifications from multiple providers; can I combine all my credentials into one transcript?
Microsoft has worked with the IT Certification Council (ITCC), along with other industry certification providers, to provide MCPs with the opportunity to create one transcript across providers. Under the Transcript section of the benefits and exams dashboard, click Create a multi-vendor transcript. You will then be asked to provide your transcript sharing codes. The transcript sharing code can be found by clicking Share your transcript.
Q. What if I cannot print or access my transcript?
If you cannot print or access your transcript, contact your Microsoft Regional Service Centre.
To ensure a prompt response:
Use the email address associated with your Microsoft Certification ID (MC ID), if possible.
Have your Microsoft Certification ID number available.
If you do not know your Microsoft Certification ID, have other information available, such as your address, telephone number, exam numbers and completion dates.
Q. I viewed my transcript but it is missing data. Why can't I see all my data?
It can take up to two weeks for Microsoft to receive and process your exam records. If it has been more than two weeks since you took your exam, and the results still do not appear on your transcript, or if you notice any other problems, contact your Microsoft Regional Service Centre.
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Fulfill your potential and make the most of your investment in Microsoft technology with certification, classroom training, e-learning, and books from Microsoft and Microsoft Learning Partners.
A Microsoft Certification validates your expertise in a Microsoft technology. As a Microsoft Certified Professional, you’ll have access to community resources and tools that allow you to exchange ideas with peers, increase your knowledge and skills, and broaden your career opportunities.
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    2 MB3-216 query: 1 If the delivery formula is pickup, which tax schedule will appear through default on a Receivables transaction? A. The tax schedule assigned in Receivables administration Setup B. The tax schedule assigned to the company C. The tax schedule assigned to the customer D. The tax time table assigned to the merchandise reply: B question: 2 Which category of accounts can be used as breakdown bills if you happen to install a variable allocation account? A. Posting money owed B. different Variable Allocation debts C. Unit bills D. mounted Allocation bills answer: A, C question: three it's September 6 and you need to print a file displaying the Payables management balance as of August 31. Which report for those who print? A. vendor length evaluation B. old Aged Trial stability C. dealer economic abstract D. Transaction history abstract answer: B question: four Which of right here statements are authentic about scheduled funds in Receivables management?

    3 MB3-216 A. hobby can be calculated the usage of basic or compound strategies B. Scheduled funds need to be entered in a batch C. just one scheduled price transaction can exist for every client D. An invoice should be posted ahead of creating the scheduled payment reply: A, D question: 5 How should a check be voided that changed into incorrectly entered in Payables management? A. update the assess volume when reconciling the checkbook and it will immediately replace both financial institution Reconciliation and Payables. management. B. Void the determine payment in Payables management and it will immediately update financial institution Reconciliation. C. Void the investigate payment in each Payables management and in financial institution Reconciliation to replace each modules appropriately. D. Void the sign in financial institution Reconciliation and it will automatically replace Payables management. answer: B question: 6 An intercompany transaction is entered in Payables administration. When will this assistance be despatched over to the destination business? A. When the transaction is saved in a batch in usual Ledger B. When the transaction is posted in Payables administration C. When the transaction is posted in familiar Ledger D. When the transaction is saved in a batch in Payables administration reply: C query: 7 How does the mixing from purchase Order Processing by using Receipt Line work?

    four MB3-216 A. by way of marking the road merchandise as a Capital merchandise when the merchandise is received B. by changing the account number on the PURCH classification distribution line to a trigger account C. via marking the Capital item checkbox in item upkeep D. by way of changing the account number on the PURCH classification distribution line to a set belongings purchase Posting Account answer: a question: eight Which transaction class will have no have an effect on on a customer balance? A. provider B. Debit Memo C. warranty D. credit Memo answer: C query: 9 How are you able to print a detailed Trial steadiness from established Ledger and a historic Aged Trial balance from Payables administration in a single step? A. Add each and every report community to the purchasing routines guidelines B. Add every file to a combined neighborhood C. Add each report option to a custom document D. Add every report option to a file community reply: B query: 10 Which of here statements are genuine about allocation debts? A. Transactions the use of allocation debts can be entered in other modules similar to Payables management and Receivables administration.

    5 MB3-216 B. Allocation money owed not ever have a balance. C. Variable allocation debts could have a balance on the end of every duration. D. A trial balance document will demonstrate the volume posted to the allocation account and the same amount being credited to the distribution money owed. reply: A, B question: eleven What methods are feasible for calculating commissions in Receivables administration? A. % of income B. % of Gross profit C. p.c of total bill D. mounted volume reply: A, C query: 12 where can a "stranded" consumer be faraway from the gadget? A. user access window B. user window C. protection window D. person pastime window reply: D query: 13 You wish to let Payables users alternate the default investigate number when they are writing assessments. Which bank Reconciliation window is used to permit this? A. bank Reconciliation Setup B. financial institution Transaction Entry C. Reconcile Checkbooks D. Checkbook maintenance

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