A functional consultant is configuring the end-of-year process in Dynamics 365 Finance. What must be set up to define which main accounts receive the closing entries during the year-end close?

General journal approval workflow

In Dynamics 365 Finance, what is the role of a legal entity configured as a consolidation company?

It receives the consolidated financial data from other legal entities

It defines the fiscal calendar for all entities

It stores the elimination rules for the organization

It manages the intercompany transactions for all entities

A parent company is setting up Consolidation online. The subsidiaries use different fiscal calendars. The parent wants to consolidate data for the same reporting period. What should you configure?

Use the Ledger settlement process to align the periods.

Run the year-end close process for each subsidiary to align the calendars.

Map the subsidiaries' fiscal periods to the parent's fiscal periods in the consolidation setup.

Use the Financial period close workspace to align the calendars.

When processing ledger settlements in Dynamics 365 Finance, what does marking transactions as settled do?

It removes the transactions from the open balance of the account

It posts a reversing entry to the general ledger

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 5

Perform Periodic Processes MB-310 Practice Questions (Page 2)

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 6–10

6foundation · easy
A functional consultant is configuring the end-of-year process in Dynamics 365 Finance. What must be set up to define which main accounts receive the closing entries during the year-end close?
Select an answer first
7foundation · easy
In Dynamics 365 Finance, what is the role of a legal entity configured as a consolidation company?
Select an answer first
8application · medium
A parent company is setting up Consolidation online. The subsidiaries use different fiscal calendars. The parent wants to consolidate data for the same reporting period. What should you configure?
Select an answer first
9foundation · easy
When processing ledger settlements in Dynamics 365 Finance, what does marking transactions as settled do?
Select an answer first
10foundation · easy
Which page in Dynamics 365 Finance is used to perform ledger settlement for a specific account?
Select an answer first

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