A multinational company has multiple legal entities that need to be combined into a single reporting entity for the quarterly financial statements. The consolidation must include the latest actuals from each entity. What should you do?

Set up a closing schedule that includes a consolidation task.

Create a consolidation company and use the Consolidate with import process to bring in balances.

Run the Consolidation online process and select the source legal entities and the consolidation period.

Use the elimination process to combine the entities.

The finance team at a mid-sized company wants to improve visibility into the period close. They need a single view that shows which periods are open, which closing tasks are completed, and any issues that require attention. What should you configure?

Customize the financial period workspace to display period status, closing schedule tasks, and alerts.

Use the closing schedule to send email notifications to the team.

Set up a batch job to run the period close automatically.

Create a Power BI report that pulls data from the general ledger.

The finance team at Contoso wants to streamline their month-end close. They want to see all closing tasks in one place, track progress, and identify bottlenecks. They also want to assign tasks to specific users and set deadlines. What should you configure?

Create a closing schedule and use the Financial period close workspace to manage and monitor tasks.

Create a financial report that lists all closing tasks.

Use the General journal to manually track closing tasks and deadlines.

Use the Consolidation online tool to assign tasks to users.

A Dynamics 365 Finance functional consultant is designing a periodic closing process for a company that must produce accurate financial reports each month. Which element is essential to include in the periodic closing process design?

A configuration that automatically generates the balance sheet and income statement reports

A requirement to close all subledgers before any general ledger journal is posted

A policy that allows users to post transactions to the closed period without restrictions

A checklist of tasks that must be completed in a specific order before the period is closed

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 5

Perform Periodic Processes MB-310 Practice Questions (Page 4)

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 16–20

16application · medium
A multinational company has multiple legal entities that need to be combined into a single reporting entity for the quarterly financial statements. The consolidation must include the latest actuals from each entity. What should you do?
Select an answer first
17foundation · easy
When designing a periodic closing process in Dynamics 365 Finance, which component is used to define the sequence of closing tasks and assign responsibility for each task?
Select an answer first
18application · medium
The finance team at a mid-sized company wants to improve visibility into the period close. They need a single view that shows which periods are open, which closing tasks are completed, and any issues that require attention. What should you configure?
Select an answer first
19application · medium
The finance team at Contoso wants to streamline their month-end close. They want to see all closing tasks in one place, track progress, and identify bottlenecks. They also want to assign tasks to specific users and set deadlines. What should you configure?
Select an answer first
20foundation · easy
A Dynamics 365 Finance functional consultant is designing a periodic closing process for a company that must produce accurate financial reports each month. Which element is essential to include in the periodic closing process design?
Select an answer first

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