When designing financial dimensions for a Dynamics 365 Finance implementation, what is the primary purpose of a financial dimension?

To control user access to specific ledger accounts

To define the currency exchange rates used for foreign currency revaluation

To store the legal entity's registered business name and address

To provide an additional classification for transactions that can be used for reporting and analysis

What is the purpose of an account structure in Dynamics 365 Finance?

To store the opening balances of main accounts

To manage user access to the general ledger

To define valid combinations of main accounts and financial dimensions

To define the fiscal calendar for the organization

A company is configuring the chart of accounts. They want to ensure that users cannot post to a main account that is not yet active. They have several new main accounts that will be used in the next fiscal year. What should you configure?

Create advanced rules to block posting to those accounts.

Set the 'Active from' date on the main accounts to the start of the next fiscal year.

Remove the main accounts from the account structure until they are needed.

Use legal entity overrides to disable the accounts.

A global company is designing financial dimensions. The company has two reporting requirements: (1) legal entity reporting, and (2) cost center reporting. They also need to prevent posting to a main account without a cost center. The finance team wants to minimize the number of account structures. What is the best design?

Use a single account structure that includes both the Legal Entity and Cost Center dimensions, with a validation rule requiring Cost Center.

Use a financial dimension for legal entity and a financial tag for cost center.

Use two separate account structures: one for legal entity reporting and one for cost center reporting.

Use a derived dimension rule to assign the cost center automatically.

A company needs to generate a financial report that groups all bank accounts into a single line item, regardless of the individual main accounts used. The chart of accounts has multiple bank main accounts (e.g., 1100, 1110, 1120). What should you configure to achieve this grouping?

Assign all bank main accounts to a main account category named 'Bank' and use that category in the report.

Create an account structure that includes all bank main accounts.

Use a financial dimension to tag each bank account and filter the report by that dimension.

Set up a balance control account for the bank main accounts.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 1

Design and Configure the Chart of Accounts and Financial Dimensions 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 56 practice questions to prepare you well beyond it. (estimate)

56questions here

12free pages

15concepts

35–40%of the exam

15 Concepts in This Objective

Financial Dimensions Design
Financial Dimensions Configuration
Chart of Accounts Design
Chart of Accounts Configuration
Main Accounts Configuration
Main Account Categories Configuration
Ledger Account Aliases Setup
Balance Control Accounts Configuration
Legal Entity Overrides Configuration
Account Structures Management
Advanced Rules Configuration
Financial Tags Design
Financial Tags Configuration
Derived Dimensions Configuration
Financial Dimension Default Templates

Questions 26–30

26foundation · easy
When designing financial dimensions for a Dynamics 365 Finance implementation, what is the primary purpose of a financial dimension?
Select an answer first
27foundation · easy
What is the purpose of an account structure in Dynamics 365 Finance?
Select an answer first
28application · medium
A company is configuring the chart of accounts. They want to ensure that users cannot post to a main account that is not yet active. They have several new main accounts that will be used in the next fiscal year. What should you configure?
Select an answer first
29expert · hard
A global company is designing financial dimensions. The company has two reporting requirements: (1) legal entity reporting, and (2) cost center reporting. They also need to prevent posting to a main account without a cost center. The finance team wants to minimize the number of account structures. What is the best design?
Select an answer first
30application · medium
A company needs to generate a financial report that groups all bank accounts into a single line item, regardless of the individual main accounts used. The chart of accounts has multiple bank main accounts (e.g., 1100, 1110, 1120). What should you configure to achieve this grouping?
Select an answer first

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