A company has a large volume of open ledger transactions in the legal fees account. The accountant wants to settle them against a single invoice. However, the total of the open transactions does not exactly match the invoice amount due to a small rounding difference. What should the accountant do?

Use ledger settlement to settle the matching transactions and post a separate adjustment for the rounding difference.

Force the settlement even though the amounts do not match.

Run the year-end close to clear the difference.

Use the elimination process to remove the difference.

A parent company needs to consolidate its subsidiaries' financial data. The subsidiaries have intercompany transactions that must be eliminated. The parent wants to use Consolidation online. What should you configure to handle the eliminations?

Manually adjust the consolidated balances after the consolidation run.

Exclude the intercompany accounts from the consolidation mapping.

Set up elimination rules that generate elimination journal entries during the consolidation process.

Use the Ledger settlement process to eliminate intercompany balances.

Which component can be added to a Financial Period Workspace to help users quickly identify incomplete closing tasks?

A list of period close tasks with status indicators

The finance team wants to have a dashboard that shows the status of all closing tasks for the current period, including which tasks are completed, in progress, and not started. They also want to see who is responsible for each task. What should you configure?

Use the Consolidation online tool to display task status.

Use the Ledger settlement page to view task status.

Create a custom Power BI report that reads the general ledger transactions.

Use the Financial period close workspace, which displays tasks from the closing schedule with status and assignee.

What is the primary purpose of running an elimination process in Dynamics 365 Finance?

To convert foreign currency balances into the reporting currency

To remove intercompany transactions from consolidated financial statements

To generate a trial balance for each legal entity

To close all subledgers before the general ledger is closed

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 5

Perform Periodic Processes MB-310 Practice Questions (Page 8)

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 36–40

36expert · hard
A company has a large volume of open ledger transactions in the legal fees account. The accountant wants to settle them against a single invoice. However, the total of the open transactions does not exactly match the invoice amount due to a small rounding difference. What should the accountant do?
Select an answer first
37application · medium
A parent company needs to consolidate its subsidiaries' financial data. The subsidiaries have intercompany transactions that must be eliminated. The parent wants to use Consolidation online. What should you configure to handle the eliminations?
Select an answer first
38foundation · easy
Which component can be added to a Financial Period Workspace to help users quickly identify incomplete closing tasks?
Select an answer first
39application · medium
The finance team wants to have a dashboard that shows the status of all closing tasks for the current period, including which tasks are completed, in progress, and not started. They also want to see who is responsible for each task. What should you configure?
Select an answer first
40foundation · easy
What is the primary purpose of running an elimination process in Dynamics 365 Finance?
Select an answer first

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