A company's accounting currency is CAD, but it has significant transactions in USD. They want to report in USD for a specific project, but the reporting currency is already set to EUR. What should you configure to meet the project's reporting requirement without changing the legal entity's reporting currency?

Manually convert the project transactions to USD for reporting.

Change the legal entity's reporting currency to USD.

Use a second reporting currency for the project by configuring it on the project parameters.

Create a separate legal entity for the project with USD as the reporting currency.

A company needs to allocate overhead costs to multiple cost centers. The allocation basis is the number of employees, but some cost centers have zero employees. The finance team wants to ensure that the allocation does not post to zero-employee cost centers. What should you configure?

Manually post the allocation to only the cost centers with employees.

Use a ledger allocation rule with a basis of headcount and set the 'Skip zero' option.

Use a fixed allocation rule that distributes equally to all cost centers.

Use a posting layer to exclude zero-employee cost centers.

A company uses a 'Budget' exchange rate type for budgeting and a 'Default' rate type for actual transactions. They need to ensure that the reporting currency translation uses a different rate type. What should you configure?

Set the reporting currency to the accounting currency.

Create a separate exchange rate type for reporting currency translation and assign it in the Ledger setup.

Use the 'Default' rate type for reporting currency translation.

Use the 'Budget' rate type for reporting currency translation.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 2

Configure Ledgers and Currencies MB-310 Practice Questions (Page 2)

Part of the Implement financial management domain, which accounts for 35–40% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~14–26 in this domain), expect 2–4 from this objective — we provide 42 practice questions to prepare you well beyond it. (estimate)

42questions here

9free pages

9concepts

35–40%of the exam

Questions 6–10

6foundation · easy
Which of the following is a valid posting layer in Dynamics 365 Finance?
Select an answer first
7expert · hard
A company's accounting currency is CAD, but it has significant transactions in USD. They want to report in USD for a specific project, but the reporting currency is already set to EUR. What should you configure to meet the project's reporting requirement without changing the legal entity's reporting currency?
Select an answer first
8expert · hard
A company needs to allocate overhead costs to multiple cost centers. The allocation basis is the number of employees, but some cost centers have zero employees. The finance team wants to ensure that the allocation does not post to zero-employee cost centers. What should you configure?
Select an answer first
9foundation · easy
Where do you manually enter or import exchange rates in Dynamics 365 Finance?
Select an answer first
10application · medium
A company uses a 'Budget' exchange rate type for budgeting and a 'Default' rate type for actual transactions. They need to ensure that the reporting currency translation uses a different rate type. What should you configure?
Select an answer first

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Configure Ledgers and Currencies MB-310 Practice Questions (Page 2)

Questions 6–10

Which of the following is a valid posting layer in Dynamics 365 Finance?

A company needs to allocate overhead costs to multiple cost centers. The allocation basis is the number of employees, but some cost centers have zero employees. The finance team wants to ensure that the allocation does not post to zero-employee cost centers. What should you configure?

Where do you manually enter or import exchange rates in Dynamics 365 Finance?

A company uses a 'Budget' exchange rate type for budgeting and a 'Default' rate type for actual transactions. They need to ensure that the reporting currency translation uses a different rate type. What should you configure?

Keep studying — Implement financial management