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MB-310 v2 exam review questions and answers
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MB-310 v2 exam review questions and answers
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MB-310 v2 exam review questions andanswers
✑ Configure General ledger parameters.
- Set the Delete close of year transactions option to Yes.
- Set the Create closing transactions during transfer option to Yes.
- Set the Fiscal year status to permanently closed option to No.
✑ Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensions will be used on the Opening transactions option to
No.
- Set the Transfer profit and loss dimensions option to Close All.
✑ Set all prior and future Ledger periods to a status of On Hold. Does the solution
meet the goal? - correct answer ✅YES
Note: This question is part of a series of questions that present the same scenario.
Each question in the series contains a unique solution that might meet the stated
goals. Some question sets might have more than one correct solution, while
others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As
a result, these questions will not appear in the review screen. You are configuring
the year-end setup in Dynamics 365 Finance.
You need to configure the year-end setup to meet the following requirements:
,MB-310 v2 exam review questions and
answers
✑ The accounting adjustments that are received in the first quarter must be able
to be posted into the previous year's Period 13.
✑ The fiscal year closing can be run again, but only the most recent closing entry
will remain in the transactions.
✑ All dimensions from profit and loss must carry over into the retained earnings.
✑ All future and previous p - correct answer ✅NO
You are implementing a Dynamics 365 Finance general ledger module for a client
that has multiple legal entities. The client has the following requirements:
✑ Configure automatic creation of due to/due from transactions based on when
LegalEntityA transacts with LegalEntityB.
✑ Automatically split the dollar amount in half between DimensionA and
DimensionB when the journal is posted.
✑ Set up fixed or variable allocations, and then review the allocations in a journal
before posting.
✑ Automatically post year-end results to account 30016 during year-end close.
You need to configure the system.
Which system capability should you configure? To answer, select the appropriate
configuration in the answer area. NOTE: Each correct selection is worth one point.
- correct answer ✅Intercompany Journal
,MB-310 v2 exam review questions and
answers
Allocation Terms
Ledger Allocation Rules
Accounts for Automatic Transactions
A company is preparing to complete a year-end close process.
You need to configure the Dynamics 365 Finance general ledger module.
Which three configurations actions should you perform? Each correct answer
presents part of the solution. NOTE: Each correct selection is worth one point.
A. Configure the Fiscal year close parameters
B. Configure the ledger calendar for the new fiscal year
C. Set up the year end close template
D. Validate the main account type
E. Create the next fiscal year - correct answer ✅ADE
A. Configure the Fiscal year close parameters
D. Validate the main account type
E. Create the next fiscal year
, MB-310 v2 exam review questions and
answers
A client has unique accounting needs that sometimes require posting
definitions.You need to implement posting definitions.In which situation should
you implement posting definitions?
A. when financial dimensions need to default from the vendor record onto an
invoice
B. when only certain dimensions are allowed to post with certain main account
combinations
C. when creating multiple balanced ledger entries based on transaction types or
accounts
D. when the system needs to automatically post a transaction to the accounts
receivable account on invoice posting - correct answer ✅C
C. when creating multiple balanced ledger entries based on transaction types or
accounts
An organization is setting up a cost accounting.You need to set up fiscal calendars
for Dynamics 365 Finance.What are three uses for fiscal calendars? Each correct
answer presents a complete solution.NOTE: Each correct selection is worth one
point.
A. standard work hours
B. financial transactions
C. fixed asset depreciation
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