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Microsoft Dynamics 365 Finance MB-310 Free Practice Exam

MB-310 is an exam that measures your skills in Microsoft Dynamics 365 Finance. Passing this exam will help you earn Microsoft Dynamics 365 Finance Functional Consultant Certification. If you are preparing for the MB-310 exam, it is important to study and familiarize yourself with the latest exam material. Certspots offers a free practice exam for MB-310 that can help you prepare for the real exam. This MB-310 practice exam is designed to simulate the actual exam experience and test your knowledge in the areas covered by the MB-310 exam. By taking the free MB-310 practice exam from Certspots, you can identify areas where you need to improve and focus your study efforts accordingly. This will help you feel more confident and prepared when you take the actual exam.

Don’t miss out on this opportunity to prepare for the MB-310 exam. Take advantage of Certspots’ free practice exam today and give yourself the best chance for success.

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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.


- 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?

2. You work for a company that receives invoices in foreign currencies.

You need to configure the currency exchange rate providers and exchange rate types.

What should you do?

3. You are configuring the Fixed assets module for a Dynamics 365 Finance environment.

You need to create a fixed asset.

Which two settings are required? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.


You are implementing Dynamics 365 Finance. A new product is being released.

The system must track the probability of the new product by cost center and you must use the cost control workspace.

You need to configure the system.

Which option should you use? To answer, drag the appropriate option to the correct requirement. Each value may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content. NOTE: Each correct selection is worth one point.

5. You are a functional consultant for a legal entity named Contoso Group (GLCO).

You plan to sell new products that will increase in quality over time.

You need to implement a solution that uses the Last in, First out (LIFO) inventory model for GLCO.

To complete this task, sign in to the Dynamics 365 portal.

6. You need to identify the root cause for the error that User5 is experiencing.

What should you check?


A company has delinquent customers.

You need to configure Dynamics 365 for Finance and Operations to meet the following requirements:

• Send communication to the customers detailing their past-due invoices.

• Use the system to automatically calculate a late charges,

• Create a group of customers for a collection agent to monitor.

• View a list of customers with colored indicators of a customer's payment status.

You need to associate the correct system functionality to manage delinquent customers based on these business requirements.

8. You need to configure the posting groups for Humongous insurance s subsidiary.

Which ledger posting group field should you use?


You are asked to configure foreign currency revaluation in Dynamics 365 for Finance and Operations. You are viewing the main accounts.

Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic. NOTE: Each correct selection is worth one point.

10. You need to configure system functionality for pickle type reporting.

What should you use?



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