Microsoft Dynamics 365 (MB-310) Exam Questions 2026
Microsoft Dynamics 365 (MB-310) Exam Questions 2026
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Question 1:
You want to post an intercompany general ledger journal. The companies for which you set up intercompany accounting, share the same chart of accounts. What do you set up to enable intercompany posting?
A. Set up the intercompany journal name in both companies.
B. Set up the intercompany journal name in only one company.
C. Set up the intercompany posting accounts in both companies.
D. Set up the intercompany posting accounts in only one company.
Answer: A
Explanation:
To facilitate intercompany transactions, it is essential to configure the intercompany journal name in both companies involved in the transactions. This setup ensures that the journal entries are correctly recognized and processed across the different legal entities, allowing for seamless posting of intercompany transactions.
The other options are not sufficient for enabling intercompany posting:
B. Set up the intercompany journal name in only one company.
Incorrect Choice: Setting up the journal name in only one company would not allow for proper recognition and posting of transactions in the other company.
C. Set up the intercompany posting accounts in both companies.
Incorrect Choice: While setting up intercompany posting accounts is important, it alone does not enable intercompany posting without the corresponding journal name setup in both entities.
D. Set up the intercompany posting accounts in only one company.
Incorrect Choice: Similar to option C, this does not provide the necessary setup across both companies for effective intercompany transactions.
Question 2:
You want to set up foreign currency consolidation in Finance to automatically post differences that result from consolidating subsidiaries with foreign currencies. What should you set up in the General ledger?
A. Rounding rules on the Currencies page
B. An account for automatic Penny difference in reporting currency transactions
C. An account for automatic Penny difference in accounting currency transactions
D. An account for automatic Balance account for consolidation differences transactions
Answer: D
Explanation:
This account is specifically set up to handle the automatic posting of differences that arise during the consolidation process. It ensures that any discrepancies due to currency translation or consolidation adjustments are accurately recorded in the financial statements, making it essential for effective foreign currency consolidation.
× A. Rounding rules on the Currencies page
Rounding rules are used to manage how currency values are rounded during transactions but are not specifically related to posting differences in foreign currency consolidation.
× B. An account for automatic Penny difference in reporting currency transactions
This option pertains to handling minor discrepancies in reporting currency transactions but does not address the broader context of consolidation differences.
× C. An account for automatic Penny difference in accounting currency transactions
Similar to option B, this account deals with minor differences in accounting currency transactions and is not focused on the consolidation process.
Question 3:
You need to process exchange rate adjustments on eligible main accounts. What should you do?
A. Use the periodic General Ledger function, Foreign currency revaluation.
B. Use the periodic Accounts Payable function, Foreign currency revaluation.
C. Use the periodic Accounts Receivable function, Foreign currency revaluation.
D. Use the periodic General Ledger function, Ledger accounting currency conversion.
Answer: A
Explanation:
This method is specifically designed to handle foreign currency revaluation for main accounts in the General Ledger. It allows for the adjustment of unrealized gains and losses on open transactions, ensuring that the financial statements accurately reflect the current exchange rates.
× B. Use the periodic Accounts Payable function, Foreign currency revaluation.
While this option also processes foreign currency revaluation, it is limited to accounts payable transactions. It does not address the broader requirement of adjusting eligible main accounts in the General Ledger.
× C. Use the periodic Accounts Receivable function, Foreign currency revaluation.
Similar to option B, this method focuses on accounts receivable transactions and does not encompass the necessary adjustments for eligible main accounts in the General Ledger.
× D. Use the periodic General Ledger function, Ledger accounting currency conversion.
This option pertains to converting accounting currencies rather than specifically addressing foreign currency revaluation adjustments for eligible main accounts.
Question 4:
Which of the following best describes one of the benefits of the chart of accounts in Finance?
A. A chart of accounts can be used for no more than one legal entity.
B. A chart of accounts can be used for only one division of a legal entity.
C. A chart of accounts can be used for multiple legal entities in an organization.
Answer: C
Explanation:
This statement accurately reflects one of the key benefits of the chart of accounts in Dynamics 365 Finance. Organizations can create a shared chart of accounts that can be utilized across multiple legal entities, promoting consistency and efficiency in financial reporting and management.
❌ A. A chart of accounts can be used for no more than one legal entity.
This statement is false as it implies that a chart of accounts is restricted to a single legal entity, which is not the case in Dynamics 365 Finance.
❌ B. A chart of accounts can be used for only one division of a legal entity.
his option is also incorrect because a chart of accounts can be structured to serve multiple divisions within a legal entity, not just one.
Question 5:
Which one of the following reports has an option to show transactions by day, account, dimension and period?
A. Dimension statement.
B. Posted transactions by journal.
C. On the Main accounts page, in the Main account type list, select Profit and Loss.
Answer: A
Explanation:
The Dimension statement report in Dynamics 365 Finance allows you to display account and transaction information by account, broken down by day, financial dimension, and period.
Key Features of the Dimension Statement Report
The Dimension statement report provides flexible reporting options, including:
• Displays transactions filtered by:
○ Origin
○ Financial dimension sets
○ Date range
○ Other configurable parameters
• Allows you to choose the aggregation level:
○ By account
○ By financial dimension
• Supports grouping by primary and secondary financial dimension sets
• Customization options such as:
○ Subtotals
○ Page breaks
○ Currency totals
○ Additional formatting options
This makes it ideal for detailed financial analysis across multiple dimensions.
❌ Posted Transactions by Journal
This is a different financial report and does not provide the same flexible breakdown by financial dimensions as the Dimension statement report.
❌ “Profit and Loss” in Main Account Type
Selecting Profit and Loss on the Main accounts page is a configuration setting, not a reporting feature.
It defines how accounts behave in financial statements but does not generate a dimension-based transaction report.
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Question 6:
Which of the following information must you have to create a journal entry?
A. Accounting date, Ledger account, Debit or credit amount, and Offset account
B. Debit or credit amount, and Offset account
C. Accounting date, Debit or credit amount, and Offset account
D. Ledger account, and Debit or credit amount.
Answer: A
Explanation:
To create a complete and valid journal entry, you must specify all of the following:
• Accounting date – Determines when the transaction is recorded in the ledger
• Ledger account – Identifies where the transaction is posted
• Debit or credit amount – Specifies the transaction value and direction
• Offset account – Balances the journal entry to maintain double-entry accounting
All four elements are required to accurately record transactions in the general ledger.
❌ B. Debit or credit amount, and Offset account
This option is incomplete because it does not include:
• The accounting date
• The ledger account
Both are required to properly record the journal entry.
❌ C. Accounting date, Debit or credit amount, and Offset account
This option is incomplete because it omits the ledger account, which is necessary to identify where the entry is posted.
❌ D. Ledger account, and Debit or credit amount
This option is insufficient because it lacks:
• The accounting date
• The offset account
Without these, the journal entry cannot be balanced or correctly recorded.
Question 7:
A company uses Dynamics 365 Finance. The company accepts customer payments in installments.
You must configure the number of installments, the amount of each installment, and a due date of each installment for a payment schedule to determine the revenue allocation for each month. You must provide the total revenue amounts allocated over a period for a specific payment.
You need to configure the system to allocate the total outstanding amount of an invoke.
What should you configure?
A. Terms of payment
B. A payment schedule with a method of allocation set to Fixed amount
C. Payment days
D. A payment schedule with a method of allocation set to Total
Answer: D
Explanation:
When configuring a payment schedule for installment payments, choosing the allocation method Total ensures that the entire outstanding amount is distributed across the specified number of installments.
This method:
• Allocates the full invoice amount across all installments
• Ensures accurate revenue allocation over the payment period
• Helps maintain proper financial tracking and reporting for installment-based payments
This is essential when revenue must be recognized proportionally over time based on the installment schedule.
❌ A. Terms of Payment
This defines payment conditions (e.g., Net 30, Net 60) but does not control how the total amount is allocated across installments.
❌ B. Payment Schedule with Allocation Method set to Fixed Amount
This method divides payments into fixed installment amounts.
While useful in some scenarios, it may not properly allocate the entire outstanding balance in cases where installment values vary or require proportional distribution.
❌ C. Payment Days
Payment days determine the timing of payments, not how the total amount is distributed across installments.
Question 8:
If you want to define currency revaluation adjustment accounts to a granular level, for each currency and for each module, what posting profile should you use?
A. Fixed asset posting profile
B. Currency revaluation posting profile
C. Accounts payable posting profile
D. Accounts receivable posting profile
Answer: B
Explanation:
It allows you to:
• Define currency revaluation adjustment accounts at a granular level
• Configure postings per currency
• Apply configurations across multiple modules, including:
○ General Ledger
○ Accounts Payable
○ Accounts Receivable
○ Bank
This enables accurate and detailed tracking of currency revaluation adjustments based on organizational requirements.
❌ A. Fixed Asset Posting Profile
This posting profile is used for managing fixed asset transactions.
It does not apply to currency revaluation adjustments across different currencies or financial modules.
❌ C. Accounts Payable Posting Profile
This profile is limited to accounts payable transactions and does not provide comprehensive support for currency revaluation adjustments across all modules and currencies.
❌ D. Accounts Receivable Posting Profile
Similar to the AP posting profile, this option focuses on accounts receivable transactions and does not address multi-module, multi-currency revaluation requirements.
Question 9:
If you try to delete a financial dimension, the system evaluates certain criteria. Which one of the following options isn‘t part of that criteria?
A. The financial dimension is used on posted or unposted transactions or it‘s in any type of dimension value combination.
B. The financial dimension is used in an active account structure, advanced rule structure, or financial dimension set.
C. The financial dimension is part of a default financial dimension integration format.
D. The financial dimension is entered into the system.
Answer: D
Explanation:
A financial dimension being created (but not used anywhere) does not block deletion. Only usage and integration dependencies prevent removal.
❌ A. The financial dimension is used on posted or unposted transactions or in any dimension value combination
This is a valid deletion check.
If the financial dimension has been used in:
• Posted transactions
• Unposted transactions
• Any financial dimension value combinations
…it cannot be deleted.
❌ B. The financial dimension is used in an active account structure, advanced rule structure, or financial dimension set
This is also a valid deletion check.
If the dimension is referenced by:
• Active account structures
• Advanced rule structures
• Financial dimension sets
…the system prevents deletion to avoid breaking financial configurations.
❌ C. The financial dimension is part of a default financial dimension integration format
This is another valid deletion check.
If the dimension is used in an integration format, it cannot be deleted until removed from that configuration.
Question 10:
Which one of the following journal types creates a file that can be sent to your organization‘s bank?
A. Customer bank remittance
B. Bank check reversal
C. Allocation
Answer: A
Explanation:
The Customer bank remittance journal type is used to generate a promissory note remittance file that can be transmitted to your organization’s bank for payment processing.
This journal type is specifically designed to:
• Create a bank-compatible file
• Include customer payment information
• Support electronic transmission to banks for processing
❌ Bank Check Reversal
This journal type is used to reverse bank checks.
It does not generate a remittance file for submission to the bank.
❌ Allocation
The Allocation journal is used to create internal allocation transactions.
It does not produce any file for bank submission.
For a full set of 810 questions. Go to
https://skillcertpro.com/product/mb-310-exam-questions/
SkillCertPro offers detailed explanations to each question which helps to understand the concepts better.
It is recommended to score above 85% in SkillCertPro exams before attempting a real exam.
SkillCertPro updates exam questions every 2 weeks.
You will get life time access and life time free updates
SkillCertPro assures 100% pass guarantee in first attempt.