A company wants to post budget revisions in a separate posting layer so that they do not affect the actuals until approved. They also need to ensure that the budget revisions are included in the financial statements only after approval. What should you configure?

Post budget revisions in the 'Current' layer and use a workflow for approval.

Manually post budget revisions to the general ledger.

Use a separate posting layer for budget revisions and approve them before including in financial statements.

Use the 'Tax' posting layer for budget revisions.

A company wants to allocate IT department costs to other departments based on the number of employees. They also want to ensure that the allocation is posted to the current fiscal period. What should you configure?

Create a ledger allocation rule with a source and destination, and define the basis as number of employees. Run the allocation at period end.

Set up a recurring journal to allocate costs automatically.

Use a general journal to manually post the allocation to each department.

Use a posting layer to allocate costs.

A company uses Dynamics 365 Finance and has transactions in multiple currencies. They want to use different exchange rates for sales orders, purchase orders, and bank transactions. They also want to revalue their foreign currency bank accounts at month-end. What should you configure?

Use a single exchange rate type for all transactions and manually adjust rates for each module.

Create multiple exchange rate types (e.g., Sales, Purchase, Bank) and assign them to the respective modules. Use a separate rate type for revaluation.

Use the reporting currency to handle different exchange rates.

Create a single exchange rate type and use it for both transactions and revaluation.

What is the primary purpose of a ledger calendar in Dynamics 365 Finance?

To track employee working hours

To define the fiscal year and periods used for posting and reporting

To store exchange rates for each period

To schedule automated batch jobs for period closing

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 2

Configure Ledgers and Currencies MB-310 Practice Questions (Page 6)

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 26–30

26expert · hard
A company wants to post budget revisions in a separate posting layer so that they do not affect the actuals until approved. They also need to ensure that the budget revisions are included in the financial statements only after approval. What should you configure?
Select an answer first
27application · medium
A company wants to allocate IT department costs to other departments based on the number of employees. They also want to ensure that the allocation is posted to the current fiscal period. What should you configure?
Select an answer first
28foundation · easy
Which of the following is a method used in ledger allocation rules?
Select an answer first
29application · medium
A company uses Dynamics 365 Finance and has transactions in multiple currencies. They want to use different exchange rates for sales orders, purchase orders, and bank transactions. They also want to revalue their foreign currency bank accounts at month-end. What should you configure?
Select an answer first
30foundation · easy
What is the primary purpose of a ledger calendar in Dynamics 365 Finance?
Select an answer first

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