In the context of contract billing, what does a milestone represent?

A specific event or stage in a contract that triggers a billing event

A discount applied to the total contract value

A company has both revenue and expense deferral schedules. The finance team wants to review the remaining unrecognized balances for both types at the end of the month. What should the administrator use?

The 'General ledger' trial balance report.

The 'Deferral schedules' list page, filtered by type and status.

The 'Recognition schedule' journal.

The 'Billing schedules' list page.

Why would an organization use expense deferral?

To reduce taxable income in the current year

To match expenses with the periods in which the related revenue is earned

To combine multiple expenses into one journal entry

How can an item be identified as deferred by default?

By assigning a special tax code to the item

By setting the item's status to 'Deferred'

By setting a deferral default on the item's item group

By creating a separate warehouse for deferred items

A company sells annual software licenses and invoices the full amount at the start of the contract. Per accounting standards, revenue must be recognized monthly over the license period. You need to set up the system so that when the invoice is posted, a revenue deferral schedule is created automatically. What should you configure?

Set up a revenue deferral default and assign it to the item used on the billing schedule lines.

Set the revenue recognition method on the billing schedule header to 'Deferral'.

Configure the billing schedule to generate a credit note and a new invoice each month.

Manually create a revenue deferral schedule after posting each invoice.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 3

Configure and Manage Subscription Billing MB-310 Practice Questions (Page 1)

Part of the Implement accounts receivable, credit, collections, and subscription billing domain, which accounts for 15–20% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~6–13 in this domain), expect 2–4 from this objective — we provide 32 practice questions to prepare you well beyond it. (estimate)

32questions here

7free pages

7concepts

15–20%of the exam

Questions 1–5

1foundation · easy
In the context of contract billing, what does a milestone represent?
Select an answer first
2application · medium
A company has both revenue and expense deferral schedules. The finance team wants to review the remaining unrecognized balances for both types at the end of the month. What should the administrator use?
Select an answer first
3foundation · easy
Why would an organization use expense deferral?
Select an answer first
4foundation · easy
How can an item be identified as deferred by default?
Select an answer first
5application · medium
A company sells annual software licenses and invoices the full amount at the start of the contract. Per accounting standards, revenue must be recognized monthly over the license period. You need to set up the system so that when the invoice is posted, a revenue deferral schedule is created automatically. What should you configure?
Select an answer first

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