Free MB-310 Actual Exam Dumps - MB-310 Practice Questions
                     Microsoft
MB-310
Microsoft Dynamics 365 for Finance and Operations, 
Financials (beta)
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QUESTION:  1 
Note: This question is part of a series of questions that present the same scenario. Each 
question in the series contains a unique solution that might meet the stated goals. Some 
question sets might have more than one correct solution, while others might not have a 
correct solution. 
After you answer a question in this section, you will NOT be able to return to it. As a 
result, these questions will not appear in the review screen. 
You are configuring the year-end setup in Dynamics 365 for Finance and Operations. 
You need to configure the year-end setup to meet the following requirements: 
The accounting adjustments that are received in the first quarter must be able to be posted 
in to the previous year’s Period 13. 
The fiscal year closing can be run again, but only the most recent closing entry will 
remain in the transactions. 
All dimensions from profit and loss must carry over into the retained earnings. All future 
and previous periods must have an On Hold status. 
Solution: 
Configure General ledger parameters. 
- Set the Delete close of year transactions option to Yes. 
- Set the Create closing transactions during transfer option to Yes. 
- Set the Fiscal year status to permanently closed option to No. Define the Year-end close 
template. 
- Designate a retained earnings main account for each legal entity. 
- Set the Financial dimensions will be used on the Opening transactions option to No. 
- Set the Transfer profit and loss dimensions’ option to Close All. Set future Ledger 
periods to a status of On Hold. 
Does the solution meet the goal? 
A. Yes 
B. No 
Answer: A 
  
QUESTION:  2 
Note: This question is part of a series of questions that present the same scenario. Each 
question in the series contains a unique solution that might meet the stated goals. Some 
question sets might have more than one correct solution, while others might not have a 
correct solution. 
After you answer a question in this section, you will NOT be able to return to it. As a 
result, these questions will not appear in the review screen. 
You are configuring the year-end setup in Dynamics 365 for Finance and Operations. 
You need to configure the year-end setup to meet the following requirements: 
The accounting adjustments that are received in the first quarter must be able to be posted 
in to the previous year’s Period 13. 
The fiscal year closing can be run again, but only the most recent closing entry will 
remain in the transactions. 
All dimensions from profit and loss must carry over into the retained earnings. All future 
and previous periods must have an On Hold status. 
Solution: 
Configure General ledger parameters. 
Set the Delete close of year transactions option to Yes. 
Set the Create closing transactions during transfer option to Yes. Set the Fiscal year status 
to permanently closed option to Yes. 
Define the Year-end close template. 
Designate a retained earnings main account for each legal entity. 
Set the Financial dimensions will be used on the Opening transactions option to Yes. Set 
the Transfer profit and loss dimensions’ option to Close All. 
Set future Ledger periods to a status of On Hold. Does the solution meet the goal? 
 
 
A. Yes 
B. No 
 
 
Answer: B 
 
  
QUESTION:  3 
Note: This question is part of a series of questions that present the same scenario. Each 
question in the series contains a unique solution that might meet the stated goals. Some 
question sets might have more than one correct solution, while others might not have a 
correct solution. 
After you answer a question in this section, you will NOT be able to return to it. As a 
result, these questions will not appear in the review screen. 
You are configuring the year-end setup in Dynamics 365 for Finance and Operations. 
You need to configure the year-end setup to meet the following requirements: 
The accounting adjustments that are received in the first quarter must be able to be posted 
in to the previous year’s Period 13. 
The fiscal year closing can be run again, but only the most recent closing entry will 
remain in the transactions. 
All dimensions from profit and loss must carry over into the retained earnings. All future 
and previous periods must have an On Hold status. 
Solution: 
Configure General ledger parameters. 
- Set the Delete close of year transactions option to No. 
- Set the Create closing transactions during transfer option to No. 
- Set the Fiscal year status to permanently closed option to No. Define the Year-end close 
template. 
- Designate a retained earnings main account for each legal entity. 
- Set the Financial dimensions will be used on the Opening transactions option to No. 
- Set the Transfer profit and loss dimensions’ option to Close All. Set future Ledger 
periods to a status of On Hold. 
Does the solution meet the goal? 
 
 
A. Yes 
B. No 
 
 
Answer: B 
 
 
  
QUESTION:  4 
A client has unique accounting needs that sometimes require posting definitions. You 
need to implement posting definitions. In which situation should you implement posting 
definitions? 
 
 
A. when financial dimensions need to default from the main account onto an invoice 
B. when using encumbrance accounting for purchase orders 
C. when the system needs to automatically post a transaction to the accounts receivable 
account on invoice posting 
D. when creating one offset ledger entry based on transaction type 
 
 
Answer: B 
 
QUESTION:  5 
Note: This question is part of a series of questions that present the same scenario. Each 
question in the series contains a unique solution that might meet the stated goals. Some 
question sets might have more than one correct solution, while others might not have a 
correct solution. 
After you answer a question in this section, you will NOT be able to return to it. As a 
result, these questions will not appear in the review screen. 
A client has multiple legal entities set up in Dynamics 365 for Finance and Operations. 
All companies and data reside in Finance and Operations. 
The client currently uses a separate reporting tool to perform their financial consolidation 
and eliminations. They want to use Finance and Operations instead. 
You need to configure the system and correctly perform eliminations. Solution: Select 
Consolidate with import. Does the solution meet the goal? 
 
 
A. Yes 
B. No 
 
 
Answer: B 
 
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