What is the purpose of reversing a financial transaction in Dynamics 365 Finance?

To delete the transaction permanently

To correct errors in journal postings

To move the transaction to a different period

What is the purpose of journal controls in Dynamics 365 Finance?

To automatically post journal entries

To enforce rules and restrictions on journal entries

To delete journal entries after posting

An accountant accidentally posted a journal entry that debited the wrong expense account. The accountant wants to correct this error by reversing the original entry and then posting the correct entry. What should you do?

Use the 'Reverse journal' function on the posted journal to create a reversing entry, then post the correct entry.

Delete the posted journal and re-enter the correct entry.

Use the 'Void' function on the posted journal to cancel the entry.

Manually create a new journal entry that debits the correct expense account and credits the wrong account.

A company posts a large number of journal entries at the end of each month. The accountant wants to automate the posting process to run in the background without manual intervention. You need to configure batch processing for journal posting. What should you do?

Use the 'Periodic journals' feature to automatically post entries at the end of the month.

Set the journal name to 'Post automatically' and let the system post on entry.

Use the 'Excel add-in' to post journals in bulk from Excel.

Create a batch job that runs the 'Post journal' function on a recurring schedule.

A company wants to prevent users from posting journal entries that have a debit amount greater than 10,000 in the 'EXP' journal. What should you configure?

Use a workflow that requires approval for amounts over 10,000.

Create a posting restriction that limits the journal to certain users.

Set the 'Maximum amount' field on the journal name to 10,000.

Set up a journal control that validates the amount and blocks posting if the limit is exceeded.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 3

Implement and Manage Journals 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 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 26–30

26foundation · easy
What is the purpose of reversing a financial transaction in Dynamics 365 Finance?
Select an answer first
27foundation · easy
What is the purpose of journal controls in Dynamics 365 Finance?
Select an answer first
28application · medium
An accountant accidentally posted a journal entry that debited the wrong expense account. The accountant wants to correct this error by reversing the original entry and then posting the correct entry. What should you do?
Select an answer first
29application · medium
A company posts a large number of journal entries at the end of each month. The accountant wants to automate the posting process to run in the background without manual intervention. You need to configure batch processing for journal posting. What should you do?
Select an answer first
30application · medium
A company wants to prevent users from posting journal entries that have a debit amount greater than 10,000 in the 'EXP' journal. What should you configure?
Select an answer first

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