A global company has subsidiaries in the US, UK, and Japan. The parent company uses a fiscal year that aligns with the calendar year. The UK subsidiary uses a fiscal year ending in March, and the Japanese subsidiary uses a fiscal year ending in December. The parent wants to consolidate the first quarter (January–March) of the current calendar year. What is the best approach?

Use the elimination process to adjust for the fiscal calendar differences.

Configure the consolidation company with the parent's fiscal year and use the period mapping to map each subsidiary's periods to the parent's Q1.

Run consolidation separately for each subsidiary and manually combine the results.

Change all subsidiaries to use the same fiscal calendar as the parent.

A company wants to standardize its monthly closing process. The controller wants a checklist that includes tasks such as 'Post all vendor invoices', 'Reconcile bank accounts', and 'Run depreciation'. The checklist should be reusable every month and show progress. What should you configure?

Use the general ledger journal to manually track tasks.

Create a batch job that runs all the closing tasks automatically.

Set up a financial report that lists all closing tasks.

Create a closing schedule with tasks, owners, and due dates, and attach it to the financial period workspace.

A multinational company has three legal entities: US, UK, and Germany. The parent company needs to see a combined income statement for all entities. The entities use different currencies and fiscal calendars. What should you use to aggregate the financial data?

Create a budget plan that includes all entities and use that for reporting.

Use Consolidation online to create a consolidation company and map the entities' accounts and dimensions.

Run the Ledger settlement process across all entities to combine balances.

Use the Financial period close workspace to combine the entities' balances.

The finance team wants to see, at a glance, which periods are open, which are on hold, and which are permanently closed. They also want to see the closing tasks for the current period. What should you use?

The general ledger journal, which shows period status.

The financial period workspace, which shows period status and closing schedule tasks.

The closing schedule alone, which shows period status.

A Power BI report that shows period status.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 5

Perform Periodic Processes 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 44 practice questions to prepare you well beyond it. (estimate)

44questions here

9free pages

9concepts

35–40%of the exam

Questions 1–5

1expert · hard
A global company has subsidiaries in the US, UK, and Japan. The parent company uses a fiscal year that aligns with the calendar year. The UK subsidiary uses a fiscal year ending in March, and the Japanese subsidiary uses a fiscal year ending in December. The parent wants to consolidate the first quarter (January–March) of the current calendar year. What is the best approach?
Select an answer first
2application · medium
A company wants to standardize its monthly closing process. The controller wants a checklist that includes tasks such as 'Post all vendor invoices', 'Reconcile bank accounts', and 'Run depreciation'. The checklist should be reusable every month and show progress. What should you configure?
Select an answer first
3foundation · easy
When configuring a closing schedule in Dynamics 365 Finance, which of the following can be assigned to a closing task?
Select an answer first
4application · medium
A multinational company has three legal entities: US, UK, and Germany. The parent company needs to see a combined income statement for all entities. The entities use different currencies and fiscal calendars. What should you use to aggregate the financial data?
Select an answer first
5application · medium
The finance team wants to see, at a glance, which periods are open, which are on hold, and which are permanently closed. They also want to see the closing tasks for the current period. What should you use?
Select an answer first

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Perform Periodic Processes MB-310 Practice Questions (Page 1)

Questions 1–5

A company wants to standardize its monthly closing process. The controller wants a checklist that includes tasks such as 'Post all vendor invoices', 'Reconcile bank accounts', and 'Run depreciation'. The checklist should be reusable every month and show progress. What should you configure?

When configuring a closing schedule in Dynamics 365 Finance, which of the following can be assigned to a closing task?

A multinational company has three legal entities: US, UK, and Germany. The parent company needs to see a combined income statement for all entities. The entities use different currencies and fiscal calendars. What should you use to aggregate the financial data?

The finance team wants to see, at a glance, which periods are open, which are on hold, and which are permanently closed. They also want to see the closing tasks for the current period. What should you use?

Keep studying — Implement financial management