MB 310 QUESTIONS WITH VERIFIED ACCURATE
SOLUTION 2026
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
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 in to 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 dimension - Answers -Does the solution meet the goal? - YES
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
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 in to 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 Yes.
✑ Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensio - Answers -Does the solution meet the goal? - NO
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
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 in to 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:
Solution:
✑ Configure General ledger parameters.
- Set the Delete close of year transactions option to No.
- Set the Create closing transactions during transfer option to No.
- 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 d - Answers -Does the solution meet the goal? - NO
You must post journal entries for all companies from one legal entity.
- ledger allocation rules
- global journal entry
- intercompany journal
- accounts for automatic transactions - Answers -Global Journal Entry
You must configure automatic creation of due to/due from transactions based on when
LegalEntityA transacts with LegalEntityB.
- intercompany journal
- global journal entry
- ledger allocation rules
- accounts for automatic transactions - Answers -Intercompany Journal
You must automatically split the dollar amount in half between DimensionA and
DimensionB when the journal is posted.
- ledger allocation rules
- allocation terms
- accounts for automatic transactions
- intercompany journal - Answers -Allocation Terms
You must set up fixed or variable allocations, and then review the allocations in a
journal before posting.
- intercompany journal
- ledger allocation rules
- allocation terms
- accounts for automatic transactions - Answers -Ledger Allocation Rules
The system must automatically post year-end results to account 30016 during year-end
close.
SOLUTION 2026
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
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 in to 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 dimension - Answers -Does the solution meet the goal? - YES
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
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 in to 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 Yes.
✑ Define the Year-end close template.
- Designate a retained earnings main account for each legal entity.
- Set the Financial dimensio - Answers -Does the solution meet the goal? - NO
You are configuring the year-end setup in Dynamics 365 for Finance and Operations.
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 in to 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:
Solution:
✑ Configure General ledger parameters.
- Set the Delete close of year transactions option to No.
- Set the Create closing transactions during transfer option to No.
- 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 d - Answers -Does the solution meet the goal? - NO
You must post journal entries for all companies from one legal entity.
- ledger allocation rules
- global journal entry
- intercompany journal
- accounts for automatic transactions - Answers -Global Journal Entry
You must configure automatic creation of due to/due from transactions based on when
LegalEntityA transacts with LegalEntityB.
- intercompany journal
- global journal entry
- ledger allocation rules
- accounts for automatic transactions - Answers -Intercompany Journal
You must automatically split the dollar amount in half between DimensionA and
DimensionB when the journal is posted.
- ledger allocation rules
- allocation terms
- accounts for automatic transactions
- intercompany journal - Answers -Allocation Terms
You must set up fixed or variable allocations, and then review the allocations in a
journal before posting.
- intercompany journal
- ledger allocation rules
- allocation terms
- accounts for automatic transactions - Answers -Ledger Allocation Rules
The system must automatically post year-end results to account 30016 during year-end
close.
