What is the first step in processing a customer payment in Dynamics 365 Finance?

Run foreign currency revaluation

A company operates in a country where the functional currency is EUR, but many customers pay in USD. At month-end, the company runs foreign currency revaluation for Accounts receivable. The accountant notices that the revaluation posts unrealized gains and losses to the same summary account, but the local accounting standards require unrealized gains and losses to be posted to separate accounts. What should you do?

Use a general journal entry to manually reclassify the unrealized amounts after the revaluation.

Run the revaluation process twice, once for gains and once for losses, using different posting profiles.

Set up exchange rate types to differentiate between gains and losses.

Modify the customer posting profile to specify separate accounts for realized and unrealized gains and losses.

You need to perform foreign currency revaluation for accounts receivable. Some customers have open invoices in EUR and others in GBP. You want to post the revaluation adjustments to different ledger accounts based on the currency. What should you do?

Run the revaluation once for all currencies and use a single posting profile that contains accounts for each currency.

Run the revaluation separately for each currency and use a different posting profile for each run.

Run the revaluation once and then manually post the adjustments to the appropriate ledger accounts.

Create a separate customer posting profile for each currency and assign it to the customers.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 2Objective 1

Implement and Manage Accounts Receivable MB-310 Practice Questions (Page 3)

Part of the Implement accounts receivable, credit, collections, and subscription billing domain, which accounts for 15–20% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~6–13 in this domain), expect 2–4 from this objective — we provide 39 practice questions to prepare you well beyond it. (estimate)

39questions here

8free pages

11concepts

15–20%of the exam

Questions 11–15

11foundation · easy
What is the first step in processing a customer payment in Dynamics 365 Finance?
Select an answer first
12foundation · easy
A Dynamics 365 Finance organization needs to share a single customer record across multiple legal entities while maintaining separate accounts receivable transactions per entity. Which feature should be used to achieve this?
Select an answer first
13foundation · easy
What document is used in Dynamics 365 Finance to reduce the amount a customer owes for a sales order invoice?
Select an answer first
14expert · hard
A company operates in a country where the functional currency is EUR, but many customers pay in USD. At month-end, the company runs foreign currency revaluation for Accounts receivable. The accountant notices that the revaluation posts unrealized gains and losses to the same summary account, but the local accounting standards require unrealized gains and losses to be posted to separate accounts. What should you do?
Select an answer first
15expert · hard
You need to perform foreign currency revaluation for accounts receivable. Some customers have open invoices in EUR and others in GBP. You want to post the revaluation adjustments to different ledger accounts based on the currency. What should you do?
Select an answer first

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Implement and Manage Accounts Receivable MB-310 Practice Questions (Page 3)

Questions 11–15

What is the first step in processing a customer payment in Dynamics 365 Finance?

A Dynamics 365 Finance organization needs to share a single customer record across multiple legal entities while maintaining separate accounts receivable transactions per entity. Which feature should be used to achieve this?

What document is used in Dynamics 365 Finance to reduce the amount a customer owes for a sales order invoice?

You need to perform foreign currency revaluation for accounts receivable. Some customers have open invoices in EUR and others in GBP. You want to post the revaluation adjustments to different ledger accounts based on the currency. What should you do?

Keep studying — Implement accounts receivable, credit, collections, and subscription billing