What is the purpose of revenue deferral in Dynamics 365 Finance?

To postpone the creation of sales invoices

To recognize revenue over multiple accounting periods instead of all at once

To delay the payment of taxes on revenue

To combine multiple revenue streams into one account

A company has a billing schedule that generates invoices on the 1st of each month. Due to a system issue, the 'Generate invoice' process was not run for two months. The administrator needs to generate the missed invoices without changing the billing periods. What should the administrator do?

Run the process with a filter to only generate the current month's invoice.

Run the 'Generate invoice' process; it will generate invoices for all missed periods.

Manually create invoices for the missed months and then run the process for the current month.

Edit the billing schedule to shift the start date forward and run the process.

A company prepays an annual insurance premium. The finance team wants to recognize the expense evenly over 12 months. You need to configure the system to automatically create an expense deferral schedule when the vendor invoice is posted. What should you do?

Set up an expense deferral default and assign it to the procurement category used on the vendor invoice line.

Create a manual journal entry each month to recognize the expense.

Use a revenue deferral schedule with a negative amount.

Set the expense recognition method on the vendor invoice header to 'Deferral'.

When updating prices on an existing billing schedule, what is the typical result?

The billing schedule is terminated

The billing frequency is reset to the default

All historical invoices are automatically reissued

Only future billing lines are updated with the new price

A company wants to ensure that all sales of a specific service item are automatically deferred over 24 months. They have set up a revenue deferral default with a 24-month recognition schedule. What else must be configured to ensure the deferral is applied automatically?

Enable the 'Deferral' parameter in the sales order header.

Create a billing schedule for the service item.

Assign the deferral default to the service item.

Set the deferral default as the default for all customers.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 3

Configure and Manage Subscription Billing MB-310 Practice Questions (Page 3)

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 11–15

11foundation · easy
What is the purpose of revenue deferral in Dynamics 365 Finance?
Select an answer first
12expert · hard
A company has a billing schedule that generates invoices on the 1st of each month. Due to a system issue, the 'Generate invoice' process was not run for two months. The administrator needs to generate the missed invoices without changing the billing periods. What should the administrator do?
Select an answer first
13application · medium
A company prepays an annual insurance premium. The finance team wants to recognize the expense evenly over 12 months. You need to configure the system to automatically create an expense deferral schedule when the vendor invoice is posted. What should you do?
Select an answer first
14foundation · easy
When updating prices on an existing billing schedule, what is the typical result?
Select an answer first
15application · medium
A company wants to ensure that all sales of a specific service item are automatically deferred over 24 months. They have set up a revenue deferral default with a 24-month recognition schedule. What else must be configured to ensure the deferral is applied automatically?
Select an answer first

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