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  3. MB-310

Microsoft MB-310 Exam (page: 1)
Microsoft Dynamics 365 Finance Functional Consultant
Updated on: 12-Aug-2025

Viewing Page 1 of 73
MB-310 PDF 408 Questions

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 all prior and future Ledger periods to a status of On Hold.
Does the solution meet the goal?

  1. Yes
  2. No

Answer(s): A

Explanation:


Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/year-end-close



DRAG DROP (Drag and Drop is not supported) (Drag and Drop is not supported)
You are creating a budget for an organization.
The organization requires that allocations be performed automatically as part of budget planning.
You need to invoke allocations at a specific budget planning stage.
Which three actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order.
Select and Place:

  1. See Explanation section for answer.

Answer(s): A

Explanation:


Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/budget-planning-data-allocation



SIMULATION
You are a functional consultant for Contoso Entertainment System USA (USMF).
You need to automate the allocation of a prepaid expense of 2 percent of all product sales. The allocation must be posted to account number 222222.
To complete this task, sign in to the Dynamics 365 portal.

  1. See Explanation section for answer.

Answer(s): A

Explanation:

You need to configure a prepayment percentage for all items. The instructions below are for a single item. For this question, you need to select 'All' for all items, enter 2 in the percentage field and select account number 222222 in the account field.
To set up prepayment percentages for items, customers, and vendors
For an item, you can set up a default prepayment percentage for all customers, a specific customer, or a customer price group.

1. Choose the
icon, enter Items, and then choose the related link.
2. Select an item, and then choose the Prepayment Percentages action.
3. On the Sales Prepayment Percentages page, fill in the fields as necessary. Hover over a field to read a short description.


Reference:

https://docs.microsoft.com/en-gb/dynamics365/business-central/finance-set-up-prepayments



You need to identify the root cause for the error that User5 is experiencing.
What should you check?

  1. Fixed asset rules
  2. Fixed asset determination rules
  3. Fixed asset posting profiles
  4. Fixed asset books
  5. Fixed asset depreciation profiles

Answer(s): B



HOTSPOT (Drag and Drop is not supported) (Drag and Drop is not supported)
You need to ensure Trey Research meets the compliance requirement.
Which budget technology should you implement? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.

  1. the Excel budget template
  2. budget codes
  3. budgeting workflows
  4. set-based budget processing

Answer(s): B,C

Explanation:

Compliance and compensation
Trey Research must be able to audit any modifications to its budget.
Humongous Insurance employees must receive raises four times per budget cycle.
Use the Budget codes form to set up budget codes for budget register entries. You can use budget codes to categorize budget types.
Budget codes let you have an audit trail of approved budget modifications throughout the course of the budget cycle.
If a workflow is associated with a budget code, the workflow will be enabled for all budget register entries that use that budget code, and workflow steps must be completed before the budget register entry can reach the Completed stage.
Note: C: Budget planning workflows ג€" Budget planning workflows consist of and define budget planning stages. Budget planning workflows are associated with budgeting workflows. Budgeting workflows are the automated and manual processes that move budget plans through the budget planning stages.


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/budgeting/budget-planning-overview-configuration https://docs.microsoft.com/en-us/dynamicsax-2012//budget-codes-form?redirectedfrom=MSDN



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Share your comments for Microsoft MB-310 exam with other users:

Aaron 2/8/2023 12:10:00 AM

thank you for providing me with the updated question and answers. this version has all the questions from the exam. i just saw them in my exam this morning. i passed my exam today.
SOUTH AFRICA