After inventory closing has been run for the previous month, the finance team discovers that a small quantity of an item was not included in the closing. They need to update the inventory quantity without reopening the period. Which action should be taken?

Post an inventory adjustment journal

After the inventory closing process has been run for a period, the finance team discovers that a few inventory transactions were posted incorrectly and need to be corrected. The period is closed, but the correction must be made without reopening the period. What should you do?

Create a transfer order to move the items.

Re-run the inventory closing process.

Create a counting journal to adjust the quantities.

Create and post an inventory adjustment journal for the affected items.

A company is preparing to close its inventory for the fiscal year. The finance team wants to ensure that all inventory transactions for the period are finalized and that the inventory value is accurately reflected. What should you configure?

Create an inventory adjustment journal

Run the inventory closing process

Run an ABC classification report

Microsoft Certified:Dynamics 365 Supply Chain Management Functional Consultant Associate

Domain 2Objective 1

Manage and Process Inventory Activities MB-330 Practice Questions (Page 11)

Part of the Implement inventory and asset management domain, which accounts for 20–25% of the MB-330 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~8–16 in this domain), expect 2–4 from this objective — we provide 58 practice questions to prepare you well beyond it. (estimate)

58questions here

12free pages

14concepts

20–25%of the exam

Questions 51–55

51application · medium
After inventory closing has been run for the previous month, the finance team discovers that a small quantity of an item was not included in the closing. They need to update the inventory quantity without reopening the period. Which action should be taken?
Select an answer first
52application · medium
After the inventory closing process has been run for a period, the finance team discovers that a few inventory transactions were posted incorrectly and need to be corrected. The period is closed, but the correction must be made without reopening the period. What should you do?
Select an answer first
53application · medium
A company is preparing to close its inventory for the fiscal year. The finance team wants to ensure that all inventory transactions for the period are finalized and that the inventory value is accurately reflected. What should you configure?
Select an answer first
54application · medium
A supply chain analyst wants to identify which inventory items contribute the most to annual consumption value. The company uses ABC classification. Which report should the analyst run?
Select an answer first
55foundation · easy
Which journal type is used to record the results of a physical inventory count?
Select an answer first

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Manage and Process Inventory Activities MB-330 Practice Questions (Page 11)

Questions 51–55

After inventory closing has been run for the previous month, the finance team discovers that a small quantity of an item was not included in the closing. They need to update the inventory quantity without reopening the period. Which action should be taken?

After the inventory closing process has been run for a period, the finance team discovers that a few inventory transactions were posted incorrectly and need to be corrected. The period is closed, but the correction must be made without reopening the period. What should you do?

A company is preparing to close its inventory for the fiscal year. The finance team wants to ensure that all inventory transactions for the period are finalized and that the inventory value is accurately reflected. What should you configure?

A supply chain analyst wants to identify which inventory items contribute the most to annual consumption value. The company uses ABC classification. Which report should the analyst run?

Which journal type is used to record the results of a physical inventory count?

Keep studying — Implement inventory and asset management