MB-310 v2 ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
✑ Configure General ledger parameters. YES
- 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?
,Note: This question is part of a series of questions that NO
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 Yes.
✑ 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 Yes.
- Set the Transfer profit and loss dimensions to Close All.
✑ Set all prior and future Ledger periods to a status of
On Hold. Does the solution meet the goal?
A. Yes
B. No
, You are implementing a Dynamics 365 Finance general Intercompany Journal
ledger module for a client that has multiple legal entities. Allocation Terms
The client has the following requirements: Ledger Allocation Rules
✑ Configure automatic creation of due to/due from Accounts for Automatic Transactions
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.
A company is preparing to complete a year-end close ADE
process. A. Configure the Fiscal year close parameters
You need to configure the Dynamics 365 Finance general D. Validate the main account type
ledger module. E. Create the next fiscal year
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
A client has unique accounting needs that sometimes C
require posting definitions.You need to implement C. when creating multiple balanced ledger entries based on transaction types or
posting definitions.In which situation should you accounts
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
An organization is setting up a cost accounting.You need BCD
to set up fiscal calendars for Dynamics 365 Finance.What B. financial transactions
are three uses for fiscal calendars? Each correct answer C. fixed asset depreciation
presents a complete solution.NOTE: Each correct D. budget cycles
selection is worth one point.
A. standard work hours
B. financial transactions
C. fixed asset depreciation
D. budget cycles
E. shift work hours
✑ Configure General ledger parameters. YES
- 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?
,Note: This question is part of a series of questions that NO
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 Yes.
✑ 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 Yes.
- Set the Transfer profit and loss dimensions to Close All.
✑ Set all prior and future Ledger periods to a status of
On Hold. Does the solution meet the goal?
A. Yes
B. No
, You are implementing a Dynamics 365 Finance general Intercompany Journal
ledger module for a client that has multiple legal entities. Allocation Terms
The client has the following requirements: Ledger Allocation Rules
✑ Configure automatic creation of due to/due from Accounts for Automatic Transactions
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.
A company is preparing to complete a year-end close ADE
process. A. Configure the Fiscal year close parameters
You need to configure the Dynamics 365 Finance general D. Validate the main account type
ledger module. E. Create the next fiscal year
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
A client has unique accounting needs that sometimes C
require posting definitions.You need to implement C. when creating multiple balanced ledger entries based on transaction types or
posting definitions.In which situation should you accounts
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
An organization is setting up a cost accounting.You need BCD
to set up fiscal calendars for Dynamics 365 Finance.What B. financial transactions
are three uses for fiscal calendars? Each correct answer C. fixed asset depreciation
presents a complete solution.NOTE: Each correct D. budget cycles
selection is worth one point.
A. standard work hours
B. financial transactions
C. fixed asset depreciation
D. budget cycles
E. shift work hours
