What is the purpose of a reporting currency in Dynamics 365 Finance?

To define the currency for intercompany transactions

To provide an additional currency for financial reporting without affecting the accounting currency

To store historical exchange rates for auditing

To replace the accounting currency for all transactions

A company runs foreign currency revaluation at month-end. They have multiple bank accounts in different currencies. They want to use different exchange rate types for each currency. They also want to ensure that the revaluation is posted to the correct fiscal period. What should you configure?

Create a revaluation posting profile for each currency, specifying the appropriate exchange rate type and gain/loss accounts. Run revaluation for each currency with the correct date.

Use the bank account posting profile to specify the exchange rate type for revaluation.

Run revaluation without a posting profile and manually post the gains/losses.

Use a single revaluation posting profile for all currencies and manually adjust the rate type.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 2

Configure Ledgers and Currencies MB-310 Practice Questions (Page 9)

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 41–42

41foundation · easy
What is the purpose of a reporting currency in Dynamics 365 Finance?
Select an answer first
42expert · hard
A company runs foreign currency revaluation at month-end. They have multiple bank accounts in different currencies. They want to use different exchange rate types for each currency. They also want to ensure that the revaluation is posted to the correct fiscal period. What should you configure?
Select an answer first

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Configure Ledgers and Currencies MB-310 Practice Questions (Page 9)

Questions 41–42

What is the purpose of a reporting currency in Dynamics 365 Finance?

A company runs foreign currency revaluation at month-end. They have multiple bank accounts in different currencies. They want to use different exchange rate types for each currency. They also want to ensure that the revaluation is posted to the correct fiscal period. What should you configure?

Keep studying — Implement financial management