A company wants to allow accountants to enter journal lines in Excel and then post them directly from Excel. They need to ensure that only valid accounts and dimensions are used. What should you create and configure?

Create an Excel data entity for the journal and use the 'Open lines in Excel' button on the journal.

Create a data import job to upload Excel files into the journal.

Create a Power Automate flow to read Excel and create journal lines.

Create a custom Excel workbook and use the OData endpoint to import lines.

A multinational company has two legal entities: Contoso US and Contoso Canada. They want to record an intercompany transaction where Contoso US sells goods to Contoso Canada. The accountant wants to enter the transaction in a single journal and have the system automatically create the corresponding entries in both legal entities. What should you configure?

Use the 'Intercompany' option on the journal name and set the 'Posting layer' to 'Current'.

Configure intercompany accounting and use the 'General journal' with the 'Intercompany' check box selected.

Set up intercompany accounting by defining the intercompany relationships and enabling the 'Intercompany' option on the journal name.

Create two separate journals, one for each legal entity, and manually enter the corresponding entries.

An accountant posted a journal entry that was incorrect. The accountant wants to reverse the entry, but the reversal must be posted in the same fiscal period as the original entry. The original entry was posted in a closed period. What should you do?

Create a manual journal entry in the current period that negates the original entry.

Reopen the fiscal period, reverse the journal, and then close the period again.

Use the 'Reverse journal' function and set the reversal date to the original posting date, even if the period is closed.

Post the reversal in the current open period and use a special posting layer to reflect it in the original period.

How do you create an Excel template for a journal in Dynamics 365 Finance?

Use the 'Export to Excel' function in General ledger

Use the 'Open lines in Excel' button on the journal

Use the 'Template' button in the Journal names page

Create a new Excel file from scratch and upload it

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 3

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

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 11–15

11foundation · easy
Which journal control setting determines whether a journal batch must be balanced before it can be posted?
Select an answer first
12application · medium
A company wants to allow accountants to enter journal lines in Excel and then post them directly from Excel. They need to ensure that only valid accounts and dimensions are used. What should you create and configure?
Select an answer first
13application · medium
A multinational company has two legal entities: Contoso US and Contoso Canada. They want to record an intercompany transaction where Contoso US sells goods to Contoso Canada. The accountant wants to enter the transaction in a single journal and have the system automatically create the corresponding entries in both legal entities. What should you configure?
Select an answer first
14expert · medium
An accountant posted a journal entry that was incorrect. The accountant wants to reverse the entry, but the reversal must be posted in the same fiscal period as the original entry. The original entry was posted in a closed period. What should you do?
Select an answer first
15foundation · easy
How do you create an Excel template for a journal in Dynamics 365 Finance?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to MB-310

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by Microsoft. “MB-310” is a trademark of its owner, used for identification only.

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

Questions 11–15

Which journal control setting determines whether a journal batch must be balanced before it can be posted?

A company wants to allow accountants to enter journal lines in Excel and then post them directly from Excel. They need to ensure that only valid accounts and dimensions are used. What should you create and configure?

An accountant posted a journal entry that was incorrect. The accountant wants to reverse the entry, but the reversal must be posted in the same fiscal period as the original entry. The original entry was posted in a closed period. What should you do?

How do you create an Excel template for a journal in Dynamics 365 Finance?

Keep studying — Implement financial management