MB 310 QUESTIONS WITH VERIFIED ACCURATE
SOLUTION 2026
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 1st 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 period must have an On Hold status
Does the solution meet the goal:
- 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 - Answers -No
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 1st 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 period must have an On Hold status
Does the solution meet the goal:
- 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 Dimensions Will - Answers -No
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 1st 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 period must have an On Hold status
Does the solution meet the goal:
- 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 Dimensions Will Be - Answers -No
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirement:
You must configure automatic creation of due to/due from transactions based on when
LegalEntityA transacts with LegalEntityB.
Which system capability should you configure for this requirement?
A. Intercompany journal
B. Global journal entry
C. Ledger allocation rules
D. Accounts for automatic transactions - Answers -Intercompany journal
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirement:
You must automatically split the dollar amount in half between DimensionA and
DimensionB when the journal is posted.
Which system capability should you configure for this requirement?
A. Ledger allocation rules
,B. Allocation terms
C. Accounts for automatic transactions
D. Intercompany journal - Answers -Allocation terms
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirement:
You must set up fixed or variable allocations, and then review the allocations in a
journal before posting.
Which system capability should you configure for the following requirement?
A. Intercompany journal
B. Ledger allocation rules
C. Allocation terms
D. Accounts for automatic transactions - Answers -Ledger allocation rules
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirements:
The system must automatically post year-end results to account 30016 during year-end
close.
Which system capability should you configure for the following requirement?
A. Ledger allocation rules
B. Allocation terms
C. Accounts for automatic transactions
D. Intercompany journal - Answers -Accounts for automatic transactinos
A company is preparing to complete a year-end close process. You need to configure
the Dynamics 365 Finance General ledger module.
Which 3 configurations must you use? Each correct answer presents part of the
solution.
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 - Answers -Configure the Fiscal year close parameters
Validate the main account type
Create the next fiscal year
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 - Answers -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 3 uses for fiscal calendars? Each correct answer presents a complete
solution.
A. standard work hours
B. financial transactions
C. fixed asset depreciation
D. budget cycles
E. shift work hours - Answers -financial transactions
fixed asset depreciation
budget cycles
You are configuring automatic bank reconciliation functionality for a company that has
multiple bank accounts. The company wants to import their bank statements. You need
to import electronic bank statements to reconcile the bank accounts.
Which three actions can you perform? Each correct answer presents a complete
solution.
A. Select all the bank accounts for the bank statement files, and then upload all files
B. Select Account reconciliation on the bank account form
C. Import bank statements from the Data management workspace
D. Navigate to Import statement on the Bank Statements page of Cash and Bank
Management
E. Select Import statement for multiple bank accounts in all legal entities, and then
upload a zip file - Answers -Import bank statements from the Data management
workspace
Navigate to Import statement on the Bank Statements page of Cash and Bank
Management
Select Import statement for multiple bank accounts in all legal entities
SOLUTION 2026
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 1st 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 period must have an On Hold status
Does the solution meet the goal:
- 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 - Answers -No
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 1st 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 period must have an On Hold status
Does the solution meet the goal:
- 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 Dimensions Will - Answers -No
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 1st 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 period must have an On Hold status
Does the solution meet the goal:
- 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 Dimensions Will Be - Answers -No
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirement:
You must configure automatic creation of due to/due from transactions based on when
LegalEntityA transacts with LegalEntityB.
Which system capability should you configure for this requirement?
A. Intercompany journal
B. Global journal entry
C. Ledger allocation rules
D. Accounts for automatic transactions - Answers -Intercompany journal
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirement:
You must automatically split the dollar amount in half between DimensionA and
DimensionB when the journal is posted.
Which system capability should you configure for this requirement?
A. Ledger allocation rules
,B. Allocation terms
C. Accounts for automatic transactions
D. Intercompany journal - Answers -Allocation terms
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirement:
You must set up fixed or variable allocations, and then review the allocations in a
journal before posting.
Which system capability should you configure for the following requirement?
A. Intercompany journal
B. Ledger allocation rules
C. Allocation terms
D. Accounts for automatic transactions - Answers -Ledger allocation rules
You are implementing a Dynamics 365 Finance general ledger module for a client that
has multiple legal entities. The client has the following requirements:
The system must automatically post year-end results to account 30016 during year-end
close.
Which system capability should you configure for the following requirement?
A. Ledger allocation rules
B. Allocation terms
C. Accounts for automatic transactions
D. Intercompany journal - Answers -Accounts for automatic transactinos
A company is preparing to complete a year-end close process. You need to configure
the Dynamics 365 Finance General ledger module.
Which 3 configurations must you use? Each correct answer presents part of the
solution.
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 - Answers -Configure the Fiscal year close parameters
Validate the main account type
Create the next fiscal year
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 - Answers -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 3 uses for fiscal calendars? Each correct answer presents a complete
solution.
A. standard work hours
B. financial transactions
C. fixed asset depreciation
D. budget cycles
E. shift work hours - Answers -financial transactions
fixed asset depreciation
budget cycles
You are configuring automatic bank reconciliation functionality for a company that has
multiple bank accounts. The company wants to import their bank statements. You need
to import electronic bank statements to reconcile the bank accounts.
Which three actions can you perform? Each correct answer presents a complete
solution.
A. Select all the bank accounts for the bank statement files, and then upload all files
B. Select Account reconciliation on the bank account form
C. Import bank statements from the Data management workspace
D. Navigate to Import statement on the Bank Statements page of Cash and Bank
Management
E. Select Import statement for multiple bank accounts in all legal entities, and then
upload a zip file - Answers -Import bank statements from the Data management
workspace
Navigate to Import statement on the Bank Statements page of Cash and Bank
Management
Select Import statement for multiple bank accounts in all legal entities
