A user needs to record a manual journal entry for a bank service charge. The user has access to the general journal but is unsure which journal name to use. The company has multiple journal names for different purposes. What should the user do to ensure the entry is recorded correctly?

Use any journal name and manually enter the account and amount.

Ask the administrator to post the entry on their behalf.

Create a new journal name for the bank service charge.

Select the journal name designated for bank transactions and enter the entry.

What is the primary purpose of intercompany accounting in Dynamics 365 Finance?

To consolidate financial statements

To manage transactions with external vendors

To manage transactions between different legal entities

A company posts a large number of journal entries every day. They want to automate the posting process so that journals are posted automatically at a scheduled time. What should you configure?

Set up a batch job for the 'Journal posting' task and schedule it to run daily.

Create a workflow that automatically posts journals when they are created.

Set the journal name's 'Posting' field to 'Automatic' and create a recurring journal.

Use the 'Post' button on each journal manually.

Which setup is required to enable intercompany accounting in Dynamics 365 Finance?

Enable the intercompany parameter in General ledger

Define intercompany relationships between legal entities

Assign intercompany roles to users

Create a consolidated legal entity

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 3

Implement and Manage Journals MB-310 Practice Questions (Page 1)

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

14concepts

35–40%of the exam

14 Concepts in This Objective

Journal Names Configuration
Voucher Configuration
Journal Controls Setup
Posting Restriction Rules
Periodic Journals Configuration
Periodic Journals Processing
Intercompany Accounting Configuration
Excel Journal Templates Creation
Excel Journal Templates Modification
Transaction Reversal
Manual Journal Entry Creation
Excel Journal Entry Posting
Journal Entry Validation
Batch Processing Configuration

Questions 1–5

1application · medium
A user needs to record a manual journal entry for a bank service charge. The user has access to the general journal but is unsure which journal name to use. The company has multiple journal names for different purposes. What should the user do to ensure the entry is recorded correctly?
Select an answer first
2foundation · easy
What is the primary purpose of intercompany accounting in Dynamics 365 Finance?
Select an answer first
3application · medium
A company posts a large number of journal entries every day. They want to automate the posting process so that journals are posted automatically at a scheduled time. What should you configure?
Select an answer first
4foundation · easy
Which component is associated with a journal name to control the numbering of journal batches?
Select an answer first
5foundation · easy
Which setup is required to enable intercompany accounting in Dynamics 365 Finance?
Select an answer first

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