MB 310 PRACTICE TEST QUESTIONS WITH VERIFIED
ACCURATE SOLUTION 2026
*You need to configure revenue recognition to meet the requirements. Which
configuration should you use? *To answer, choose the appropriate configurations for
the correct requirements. Each configuration may be used once, more than not at all.
*a. Requirement: Adatum Corporation day of use.*
o Revenue schedule.
o Occurrences.
o Recognition convention.
o Recognition basis.
*b. Fourth Coffee September start.*
o Revenue schedule.
o Occurrences.
o Recognition convention.
o Recognition basis.
*c. Adventure works Cycles first use.*
o Revenue schedule.
o Occurrences.
o Recognition convention.
o Recognition basis. - Answers -a. Revenue schedule.
b. Revenue schedule.
c. Recognition basis.
*You need to validate the sales tax postings for Tennessee and Alabama. Which tax
selections meet the requirement?* To answer. select the appropriate options in the
answer area.
*a. Sales Order: Tennessee.*
o Item sales tax all and sales tax group no tax.
o Item sales tax all and sales tax group 7 percent.
o Item sales tax use tax and sales tax group 4.5 percent.
o Item sales tax use tax and sales tax group 7.5 percent.
*b. Sales Order: Alabama.*
o Item sales tax all and sales tax group no tax.
o Item sales tax all and sales tax group 4 percent.
o Item sales tax all and sales tax group 4.5 percent. - Answers -a. Item sales tax all and
sales tax group 7 percent.
b. Item sales tax all and sales tax group no tax.
*You need to configure the system to meet the fiscal year requirements. What should
you do?*
o Add an additional period to ledger calendars.
o Add an additional fiscal year.
o Divide the twelfth period.
, o Create a new fiscal calendar.
o Create a closing period. - Answers -Create a closing period.
*Topic 5, Misc. Questions Manual entry of currency exchange rates must be
discontinued. Currency exchange rates must use the current rate values provided by
the European Central Bank. The exchange rate entries and updates must be
automated. You need to configure the system. Which two options should you use?*
Each correct answer presents part of the solution.
- Configure the exchange rate provider.
- Run currency revaluation.
- Create the currencies.
- Configure dual currency.
- Run the import currency exchange rate process. - Answers -1-Configure the
exchange rate provider.
2-Run the import currency exchange rate process.
*You are a controller for a public sector organization. You need detailed fiscal tracking
and reporting. You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class?* To answer, choose the
appropriate fund types for the correct fund classes. Each fund type may be used once,
more than once, or not at all.
*a. Fund class: Governmental.*
o Capital project.
o Special revenue.
o Enterprise.
o Agency.
o General.
o Internal service.
*b. Fund class: Fiduciary.*
o Capital project.
o Special revenue.
o Enterprise.
o Agency.
o General.
o Internal service. - Answers -*a. Governmental:*
1-Special Revenue.
2-General.
*b. Fiduciary:*
1-Agency.
*A client has Accounts payable invoices in their legal entity in three different currencies.
It is month-end, and the client needs to run the foreign currency revaluation process to
correctly understand their currency exposure. You need to set up Dynamics 365 for
Finance and Operations to perform foreign currency revaluation. In which order should
you perform the actions?* To answer, choose from the actions available and list them in
the correct order. NOTE: More than one order of answer choices is correct.
ACCURATE SOLUTION 2026
*You need to configure revenue recognition to meet the requirements. Which
configuration should you use? *To answer, choose the appropriate configurations for
the correct requirements. Each configuration may be used once, more than not at all.
*a. Requirement: Adatum Corporation day of use.*
o Revenue schedule.
o Occurrences.
o Recognition convention.
o Recognition basis.
*b. Fourth Coffee September start.*
o Revenue schedule.
o Occurrences.
o Recognition convention.
o Recognition basis.
*c. Adventure works Cycles first use.*
o Revenue schedule.
o Occurrences.
o Recognition convention.
o Recognition basis. - Answers -a. Revenue schedule.
b. Revenue schedule.
c. Recognition basis.
*You need to validate the sales tax postings for Tennessee and Alabama. Which tax
selections meet the requirement?* To answer. select the appropriate options in the
answer area.
*a. Sales Order: Tennessee.*
o Item sales tax all and sales tax group no tax.
o Item sales tax all and sales tax group 7 percent.
o Item sales tax use tax and sales tax group 4.5 percent.
o Item sales tax use tax and sales tax group 7.5 percent.
*b. Sales Order: Alabama.*
o Item sales tax all and sales tax group no tax.
o Item sales tax all and sales tax group 4 percent.
o Item sales tax all and sales tax group 4.5 percent. - Answers -a. Item sales tax all and
sales tax group 7 percent.
b. Item sales tax all and sales tax group no tax.
*You need to configure the system to meet the fiscal year requirements. What should
you do?*
o Add an additional period to ledger calendars.
o Add an additional fiscal year.
o Divide the twelfth period.
, o Create a new fiscal calendar.
o Create a closing period. - Answers -Create a closing period.
*Topic 5, Misc. Questions Manual entry of currency exchange rates must be
discontinued. Currency exchange rates must use the current rate values provided by
the European Central Bank. The exchange rate entries and updates must be
automated. You need to configure the system. Which two options should you use?*
Each correct answer presents part of the solution.
- Configure the exchange rate provider.
- Run currency revaluation.
- Create the currencies.
- Configure dual currency.
- Run the import currency exchange rate process. - Answers -1-Configure the
exchange rate provider.
2-Run the import currency exchange rate process.
*You are a controller for a public sector organization. You need detailed fiscal tracking
and reporting. You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class?* To answer, choose the
appropriate fund types for the correct fund classes. Each fund type may be used once,
more than once, or not at all.
*a. Fund class: Governmental.*
o Capital project.
o Special revenue.
o Enterprise.
o Agency.
o General.
o Internal service.
*b. Fund class: Fiduciary.*
o Capital project.
o Special revenue.
o Enterprise.
o Agency.
o General.
o Internal service. - Answers -*a. Governmental:*
1-Special Revenue.
2-General.
*b. Fiduciary:*
1-Agency.
*A client has Accounts payable invoices in their legal entity in three different currencies.
It is month-end, and the client needs to run the foreign currency revaluation process to
correctly understand their currency exposure. You need to set up Dynamics 365 for
Finance and Operations to perform foreign currency revaluation. In which order should
you perform the actions?* To answer, choose from the actions available and list them in
the correct order. NOTE: More than one order of answer choices is correct.
