What is the purpose of an account structure in the chart of accounts configuration?

To define the fiscal year end closing process

To manage user access to the general ledger

To store customer payment terms

To define valid combinations of main accounts and financial dimensions

In Dynamics 365 Finance, where do you configure financial tags?

Organization administration > Workflows

Accounts receivable > Customers

General ledger > Chart of accounts > Financial tags

In Dynamics 365 Finance, where are main account categories configured?

Organization administration > Workflows

General ledger > Chart of accounts > Main account categories

In Dynamics 365 Finance, where do you set up derived dimensions?

In the main account form, on the Derived dimensions FastTab

In the financial dimension form, on the Derived dimensions FastTab

In the account structure form, on the Derived dimensions FastTab

In the legal entity form, on the Derived dimensions FastTab

A company wants to report on expenses by department and by project. What is the most appropriate way to design financial dimensions to meet this requirement?

Create one financial dimension named 'Department' and one named 'Project'

Use legal entity overrides to capture department and project information

Use the main account to capture department and project information

Create a single financial dimension named 'DepartmentProject' that combines both values

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 8)

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 36–40

36foundation · easy
What is the purpose of an account structure in the chart of accounts configuration?
Select an answer first
37foundation · easy
In Dynamics 365 Finance, where do you configure financial tags?
Select an answer first
38foundation · easy
In Dynamics 365 Finance, where are main account categories configured?
Select an answer first
39foundation · easy
In Dynamics 365 Finance, where do you set up derived dimensions?
Select an answer first
40foundation · easy
A company wants to report on expenses by department and by project. What is the most appropriate way to design financial dimensions to meet this requirement?
Select an answer first

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