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  3. MB-310

Microsoft MB-310 Exam (page: 9)
Microsoft Dynamics 365 Finance Functional Consultant
Updated on: 25-Dec-2025

Viewing Page 9 of 52
MB-310 PDF 408 Questions

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?

  1. Configure exchange rate provider, create exchange rate type, and import the currency exchange rates.
  2. Select the appropriate HTML key values from the available exchange rate providers. Then, use the provider for importing one currency exchange rate type.
  3. Use a developer to write the HTML key values code to configure the currency exchange rate providers.
    Then, use the provider for importing a currency exchange rate type.
  4. Use a developer to write the XML key values code to configure the currency exchange rate providers.
    Then, use the provider for importing a currency exchange rate type.

Answer(s): A


Reference:

https://community.dynamics.com/365/financeandoperations/b/365operationsbysandeepchaudhury/posts/ configure-currency-exchange-rate-providers-and-import-exchange-rates-automatically-in-dynamics-365-for-

finance-and-operations



Users are posting project transactions and bank transactions incorrectly in the General journal. The client wants to prevent this from happening in the future.

You need to configure Dynamics 365 Finance to limit the account type transactions to only ledger.

What should you do?

  1. Use journal control to specify which account types are valid for the General ledger journal.
  2. Use advanced ledger entries to define the account types that can be used in the General ledger journal.
  3. Configure the voucher series associated with this journal to allow only ledger account types.
  4. Create a journal template that has ledger as the account type and offset account type.

Answer(s): A



SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You plan to settle accounts by receiving cash payments in US currency.

You need to create a cash receipts journal that uses the US dollar currency.

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

  1. See Explanation section for answer.

Answer(s): A

Explanation:

1. Navigate to Finance > Cash Receipt Journals.
2. Click the +New link to add a new cash receipt journal.
3. Fill in the required fields including the currency field.



SIMULATION

You are a functional consultant for Contoso Entertainment System USA (USMF).

You need to apply a constant currency exchange rate to calculate the reporting currency value of fixed assets.

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

  1. See Explanation section for answer.

Answer(s): A

Explanation:

The currency Translation Type needs to be set to Current. This option uses the last rate on or before the period specified in the report regardless of what the exchange rate was at the time of purchase for each asset.

1. Navigate to General Ledger > Chart of Accounts > Accounts > Main Accounts.

2. Select the Financial Reporting account.
3. In the Reporting currency exchange rate type, select Current from the drop-down list.
4. Click Save to save the changes.



An organization plans to use defined journal names for each purpose. They want to ensure that journal processing is easier and more secure.

The organization has the following requirements:

Set up restrictions on the account type and segment values.

Capture data accurately for offset accounts, currency, and financial dimensions.

Maintain internal control and establish materiality limits.

You need to set up journal name elements to meet these requirements.

Which three journal elements should you configure? Each correct answer presents part of the solution.

Note: Each correct selection is worth one point.

  1. workflow approval
  2. account type
  3. journal type
  4. default values
  5. journal control

Answer(s): A,D,E


Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/general-journal-processing



HOTSPOT (Drag and Drop is not supported)

You must configure journal controls in Dynamics 365 Finance.



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.

Hot Area:

  1. See Explanation section for answer.

Answer(s): A

Explanation:


Reference:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/general-ledger/general-journal- processing



HOTSPOT (Drag and Drop is not supported)

You create a financial dimension set named MA + DEPT + PROJ as shown in the following screenshot. The financial dimension set includes the following dimensions:

Main Account

Department

Project



Use the drop-down menus to select the answer choice that answers each question based on the information presented in the graphic.

Hot Area:

  1. See Explanation section for answer.

Answer(s): A

Explanation:



DRAG DROP (Drag and Drop is not supported)

A client has Accounts payable invoices in their legal entity in three different currencies. It is month-end, and the client needs to run the foreign currency revaluation process to correctly understand their currency exposure.

You need to set up Dynamics 365 Finance to perform foreign currency revaluation.

In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order.

Note: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select.

Select and Place:

  1. See Explanation section for answer.

Answer(s): A

Explanation:



Viewing Page 9 of 52



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