A company invoices a customer for a 24-month support contract. The invoice is posted, and a revenue deferral schedule is created. The finance team wants to recognize revenue monthly, but the deferral schedule currently shows quarterly recognition. What should you do to correct the recognition frequency?

Change the deferral default on the item and regenerate the invoice.

Post a reversing entry and re-invoice the customer.

Edit the deferral schedule and change the recognition frequency to monthly.

Delete the deferral schedule and recreate it with the correct frequency.

A company wants to group billing schedules by customer and billing frequency to simplify the generation process. They have set up billing schedule groups. What is the primary purpose of billing schedule groups?

To determine the revenue deferral rules for the schedules.

To define the billing frequency and payment terms for a set of schedules.

To organize billing schedules for reporting and processing purposes.

To control which users can generate invoices for the schedules.

What is the purpose of a billing schedule group in Dynamics 365 Finance?

To define default settings such as billing frequency and terms for a set of billing schedules

To group customers by geographic region for reporting

To consolidate multiple billing schedules into one invoice

To control user access to billing schedules

Where are expense deferrals typically created from in Dynamics 365 Finance?

Vendor invoices and purchase orders

Sales orders and customer invoices

What is the effect of placing a billing schedule on hold?

It permanently deletes the billing schedule

It cancels all previously generated invoices immediately

It changes the billing frequency to monthly

It stops the generation of future billing lines until the hold is removed

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 3

Configure and Manage Subscription Billing MB-310 Practice Questions (Page 5)

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 21–25

21application · medium
A company invoices a customer for a 24-month support contract. The invoice is posted, and a revenue deferral schedule is created. The finance team wants to recognize revenue monthly, but the deferral schedule currently shows quarterly recognition. What should you do to correct the recognition frequency?
Select an answer first
22application · medium
A company wants to group billing schedules by customer and billing frequency to simplify the generation process. They have set up billing schedule groups. What is the primary purpose of billing schedule groups?
Select an answer first
23foundation · easy
What is the purpose of a billing schedule group in Dynamics 365 Finance?
Select an answer first
24foundation · easy
Where are expense deferrals typically created from in Dynamics 365 Finance?
Select an answer first
25foundation · easy
What is the effect of placing a billing schedule on hold?
Select an answer first

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