Microsoft MB-310 Actual Exam Questions
456 Questions & Answers
Practice MB-310 questions and answers on Dynamics 365 Finance year-end close, ledger periods and financial dimensions. Select Reveal Solution after choosing your answer.
A company needs fiscal year-end entries posted again after correcting an adjustment, while retaining only the latest closing transaction. Which setting supports this?
Reveal Solution
In General ledger parameters, enabling deletion of prior closing transactions allows a rerun to replace the previous closing entry.
An accountant must record a prior-year adjustment in Period 13 during the first quarter. What should be configured?
Reveal Solution
A thirteenth period in the fiscal calendar can be used for year-end adjustments without mixing them with normal operating periods.
A company wants all profit-and-loss dimensions carried into retained earnings during year-end close. Which template option should be selected?
Reveal Solution
The year-end close template can be configured to transfer all profit-and-loss dimensions to retained earnings.
A finance team needs future and prior ledger periods prevented from posting while leaving the current period available. What is the suitable control?
Reveal Solution
Period statuses can be changed to On hold for selected prior and future periods, blocking postings while preserving the open period.
During year-end close, a legal entity must direct its closing balance to a specific retained earnings account. Where is this set?
Reveal Solution
The year-end close template identifies the retained earnings main account for each legal entity.