Download Microsoft.MB-310.Pass4Sure.2020-05-07.40q.tqb
| Vendor: | Microsoft |
| Exam Code: | MB-310 |
| Exam Name: | Microsoft Dynamics 365 for Finance and Operations, Financials |
| Date: | May 07, 2020 |
| File Size: | 328 KB |
Demo Questions
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 Finance.
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 into 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?
- Yes
- No
Correct answer: A
Explanation:
Reference:https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
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 Finance.
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 into 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 to Close All.
- Set all prior and future Ledger periods to a status of On Hold.
Does the solution meet the goal?
- Yes
- No
Correct answer: B
Explanation:
Reference:https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
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 Finance.
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 into 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 to Close All.
- Set all prior and future Ledger periods to a status of On Hold.
Does the solution meet the goal?
- Yes
- No
Correct answer: B
Explanation:
Reference:https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close
