Contoso Ltd. is preparing to close its fiscal year. The controller wants a structured approach that allows the finance team to see which closing tasks are pending, assign owners, and track progress. They also need to ensure that the closing process is repeatable each period. What should you configure?

Set up a batch job to run the general ledger year-end close automatically.

Use the financial period workspace to manually track closing tasks without a schedule.

Enable the fiscal year close template and assign it to all legal entities.

Create a closing schedule and attach it to the financial period workspace.

In Dynamics 365 Finance, which report is commonly generated as part of the end-of-year process to show the opening balances of the new fiscal year?

Aged accounts receivable report

What is the purpose of ledger settlement in Dynamics 365 Finance?

To match and settle debit and credit entries in the general ledger

To allocate expenses across dimensions

To generate a trial balance report

To close all subledgers at period end

A parent company is setting up consolidation for its subsidiaries. The subsidiaries use different charts of accounts and currencies. The parent wants to use Consolidation online to aggregate data. What is the first step you should take?

Create a consolidation company and map the subsidiaries' accounts to the parent's chart of accounts.

Create a closing schedule for the consolidation process.

Run the elimination process before setting up the consolidation company.

Set up the Financial period close workspace for each subsidiary.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 5

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

44questions here

9free pages

9concepts

35–40%of the exam

Questions 26–30

26foundation · easy
A company uses Dynamics 365 Finance and needs to combine financial data from multiple legal entities into a single consolidated view. Which feature is specifically designed for this purpose?
Select an answer first
27application · medium
Contoso Ltd. is preparing to close its fiscal year. The controller wants a structured approach that allows the finance team to see which closing tasks are pending, assign owners, and track progress. They also need to ensure that the closing process is repeatable each period. What should you configure?
Select an answer first
28foundation · easy
In Dynamics 365 Finance, which report is commonly generated as part of the end-of-year process to show the opening balances of the new fiscal year?
Select an answer first
29foundation · easy
What is the purpose of ledger settlement in Dynamics 365 Finance?
Select an answer first
30application · medium
A parent company is setting up consolidation for its subsidiaries. The subsidiaries use different charts of accounts and currencies. The parent wants to use Consolidation online to aggregate data. What is the first step you should take?
Select an answer first

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Perform Periodic Processes MB-310 Practice Questions (Page 6)

Questions 26–30

A company uses Dynamics 365 Finance and needs to combine financial data from multiple legal entities into a single consolidated view. Which feature is specifically designed for this purpose?

In Dynamics 365 Finance, which report is commonly generated as part of the end-of-year process to show the opening balances of the new fiscal year?

What is the purpose of ledger settlement in Dynamics 365 Finance?

A parent company is setting up consolidation for its subsidiaries. The subsidiaries use different charts of accounts and currencies. The parent wants to use Consolidation online to aggregate data. What is the first step you should take?

Keep studying — Implement financial management