Free Microsoft MB-310 Exam Questions
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Microsoft MB-310 Exam Questions
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Provided By: Microsoft
- Exam: Microsoft Dynamics 365 Finance Functional Consultant
- Certification: Microsoft Dynamics 365
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Total Questions: 362
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Updated On: Jun 06, 2025
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Rated: 4.9 |
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Online Users: 724
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Question 1
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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:
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 periods must have an On Hold status.
Solution:
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?
Answer: A
-
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:
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 periods must have an On Hold status.
Solution:
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?
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Question 2
-
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.
A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365
Finance. The departments and divisions are set up as financial dimensions.
The client has the following requirements:
Only expense accounts require dimensions posted with the transactions.
Users must not have the option to select dimensions for a balance sheet account.
You need to configure the ledger to show applicable financial dimensions based on the main account selected
in journal entry.
Solution: Configure one account structure for expense accounts and apply advanced rules.
Does the solution meet the goal?
Answer: B
-
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.
A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365
Finance. The departments and divisions are set up as financial dimensions.
The client has the following requirements:
Only expense accounts require dimensions posted with the transactions.
Users must not have the option to select dimensions for a balance sheet account.
You need to configure the ledger to show applicable financial dimensions based on the main account selected
in journal entry.
Solution: Configure one account structure for expense accounts and apply advanced rules.
Does the solution meet the goal?
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Question 3
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You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods
across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy,
and view financial statements.
You need to generate consolidated financial statements by using a building block group to aggregate data
across companies and financial dimensions.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
Answer: B,C,D
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You are the controller of a multi-entity organization that uses the same chart of accounts and fiscal periods
across all entities. You use the financial report designer in Dynamics 365 Finance to create, maintain, deploy,
and view financial statements.
You need to generate consolidated financial statements by using a building block group to aggregate data
across companies and financial dimensions.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
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Question 4
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A company uses Dynamics 365 Finance to include multiple business units as a financial dimension.
All customer payment journals must be posted to the headquarters’ business unit financial dimension.
You need to configure the accounts receivable journal name.
What should you configure?
Answer: C
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A company uses Dynamics 365 Finance to include multiple business units as a financial dimension.
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Question 5
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You need to acquire the fixed assets that are associated with the purchase orders.
What should you do?
Answer: A
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You need to acquire the fixed assets that are associated with the purchase orders.
What should you do?