In Business Central, where do you typically configure exchange rates?

On the Currency Exchange Rates page

On the General Ledger Setup page

What is the purpose of deferrals in Business Central?

To recognize revenue or expenses over multiple periods

To postpone the payment of invoices to vendors

To combine multiple accounts into one

To convert transactions into multiple currencies

A company based in the US sells to customers in Canada and Europe. They need to record transactions in CAD and EUR, and they want the system to automatically update exchange rates daily. What should they configure?

Create a separate company for each currency and use the same exchange rate for all.

Use the local currency (USD) for all transactions and manually convert amounts using a spreadsheet.

Add CAD and EUR as currencies, set up exchange rates for each, and enable automatic exchange rate updates in the Currency Setup page.

Set up the currencies but do not enter exchange rates; the system will calculate them automatically.

A company based in the UK (GBP) wants to record sales in EUR and USD. They need to ensure that unrealized exchange rate gains/losses are posted to a specific G/L account at period end. What should they configure?

Set the 'Currency Type' field to 'Foreign' for EUR and USD and enable automatic posting of gains/losses.

Set up the EUR and USD currencies, define exchange rates, and specify the unrealized gains/losses accounts in the Currency Setup page.

Create a separate G/L account for each currency and post the gains/losses manually.

Use the 'Adjust Exchange Rates' batch job and then manually post the gains/losses to a general ledger account.

A company uses multiple currencies and wants to ensure that unrealized currency gains/losses are calculated at the end of each month. What should the administrator do?

Create a new currency for the gain/loss.

Set the 'Automatic Adjust' checkbox in General Ledger Setup.

Run the 'Adjust Exchange Rates' batch job at month-end.

Manually post a journal entry for the estimated gain/loss.

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 2Objective 1

Set up Financial Management MB-800 Practice Questions (Page 1)

Part of the Configure financials domain, which accounts for 30–35% of the MB-800 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~12–23 in this domain), expect 2–3 from this objective — we provide 41 practice questions to prepare you well beyond it. (estimate)

41questions here

9free pages

8concepts

30–35%of the exam

Questions 1–5

1foundation · easy
In Business Central, where do you typically configure exchange rates?
Select an answer first
2foundation · easy
What is the purpose of deferrals in Business Central?
Select an answer first
3application · medium
A company based in the US sells to customers in Canada and Europe. They need to record transactions in CAD and EUR, and they want the system to automatically update exchange rates daily. What should they configure?
Select an answer first
4application · medium
A company based in the UK (GBP) wants to record sales in EUR and USD. They need to ensure that unrealized exchange rate gains/losses are posted to a specific G/L account at period end. What should they configure?
Select an answer first
5application · medium
A company uses multiple currencies and wants to ensure that unrealized currency gains/losses are calculated at the end of each month. What should the administrator do?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to MB-800

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by Microsoft. “MB-800” is a trademark of its owner, used for identification only.