Implement Basic Budgeting MB-310 Practice Questions (Page 6)

Questions 26–28

1. 26foundation · easy

   In Dynamics 365 Finance, what is a budget register entry used for?

   • ATo record budget transactions and adjustments
   • BTo compare actuals against budget
   • CTo set up budget codes
   • DTo define the structure of a budget model
   Reveal Solution Discussion Select an answer first
2. 27application · medium

   A budget analyst discovers that a budget register entry was posted with an incorrect amount for the Sales department. The entry is still in the current fiscal year and has not been reviewed. What is the recommended action to correct this?

   • ACreate a reversing budget register entry for the incorrect amount and then create a new entry with the correct amount.
   • BEdit the original budget register entry directly to change the amount.
   • CDelete the original budget register entry and create a new one.
   • DUse a transfer rule to move the incorrect amount to the correct account.
   Reveal Solution Discussion Select an answer first
3. 28application · medium

   The budget analyst needs to record the initial approved budget for the new fiscal year. The budget model 'FY2025' and budget code 'Original Budget' exist. The analyst enters the budget register entry with the total amount for each department. What is the next required step to make the budget available for comparison?

   • ACreate an allocation term to distribute the amounts across periods.
   • BRun the Budget vs Actual report to generate the budget balances.
   • CSet up a transfer rule to move the amounts to the actual ledger.
   • DPost the budget register entry to update the budget balances.
   Reveal Solution Discussion Select an answer first