Configure Ledgers and Currencies MB-310 Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A company uses Dynamics 365 Finance and has a bank account in EUR while their accounting currency is USD. They run foreign currency revaluation at month-end. They want the revaluation gain or loss to be posted to specific accounts based on the bank account's posting profile. They also want to ensure that the revaluation is posted to the current fiscal period. What should you configure?

   • AUse the general journal to manually post the revaluation gain or loss to the appropriate accounts.
   • BSet up a revaluation posting profile that specifies the exchange rate type and the accounts for realized and unrealized gains/losses. Run the revaluation with the appropriate date.
   • CConfigure the bank account's posting profile to include gain/loss accounts, and run revaluation without a posting profile.
   • DSet up a recurring journal to post the revaluation automatically at month-end.
   Reveal Solution Discussion Select an answer first
2. 12foundation · easy

   Which of the following is typically configured in a currency revaluation posting profile?

   • ARevaluation frequency
   • BExchange rate provider
   • CCurrency code
   • DMain account for realized gain
   Reveal Solution Discussion Select an answer first
4. 13foundation · easy

   What is the purpose of a currency revaluation posting profile in Dynamics 365 Finance?

   • ATo specify the exchange rate type used for revaluation
   • BTo determine which currencies are revalued
   • CTo set the date range for revaluation
   • DTo define which general ledger accounts are used to post unrealized and realized gains or losses
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5. 14foundation · easy

   What is the purpose of posting layers in Dynamics 365 Finance?

   • ATo store exchange rates for different transaction types
   • BTo restrict user access to certain ledger accounts
   • CTo separate different types of ledger transactions, such as actuals and budget
   • DTo define the order in which transactions are posted
   Reveal Solution Discussion Select an answer first
6. 15foundation · easy

   Which of the following is required to enable a reporting currency in Dynamics 365 Finance?

   • APost all transactions in the reporting currency
   • BCreate a new exchange rate type for the reporting currency
   • CSet up a separate legal entity for reporting
   • DSelect the reporting currency on the Ledger page
   Reveal Solution Discussion Select an answer first