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Microsoft MB-310 Exam - Topic 4 Question 47 Discussion

Manual entry of currency exchange rates must be discontinued. Currency exchange rates must use the current rate values provided by the European Central Bank. The exchange rate entries and updates must be automated.You need to configure the system.Which two options should you use? Each correct answer presents part of the solution.NOTE: Each correct selection is worth one point.
A) Configure the exchange rate provider and E) Run the import currency exchange rate process
B) Run currency revaluation
C) Create the currencies
D) Configure dual currency

Microsoft MB-310 Exam - Topic 4 Question 47 Discussion

Actual exam question for Microsoft's MB-310 exam
Question #: 47
Topic #: 4
[All MB-310 Questions]

Manual entry of currency exchange rates must be discontinued. Currency exchange rates must use the current rate values provided by the European Central Bank. The exchange rate entries and updates must be automated.

You need to configure the system.

Which two options should you use? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Show Suggested Answer Hide Answer
Suggested Answer: A, E

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/import-currency-exchange-rates

by Noah at May 07, 2022, 08:10 PM

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Rory
10 months ago
Not sure if just those two options are enough for a complete solution.
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Adrianna
10 months ago
Running the import currency exchange rate process is also key!
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Eun
11 months ago
Wait, can we really automate this? Sounds too good to be true.
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Glen
11 months ago
I agree, that's a must!
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Charlesetta
11 months ago
Definitely need to configure the exchange rate provider.
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Cecil
11 months ago
I remember dual currency being mentioned in our notes, but I don't see how it fits here. I think the focus should be on the exchange rate provider and the import process.
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Carmen
11 months ago
I practiced a similar question where we had to set up automatic updates for exchange rates. I feel like creating the currencies might be necessary, but I'm not completely sure.
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Veronika
11 months ago
I'm a bit unsure about the second option. I remember something about running the import currency exchange rate process, but I can't recall if that's the right choice here.
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Ocie
11 months ago
I think we definitely need to configure the exchange rate provider to automate the updates. That seems like a key step.
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Chauncey
11 months ago
Hmm, this seems like a tricky one. I'll need to think through the different policy options carefully to make sure I understand the nuances.
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Earlean
11 months ago
I recall that we had a similar question where we had to differentiate between manufacturing costs and administrative costs. It's tricky!
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Kanisha
11 months ago
Ah, I remember learning about this in class. I'm pretty confident the answer is B - $400 is the minimum amount that requires a written acknowledgment.
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Benedict
11 months ago
This looks like a straightforward accounting question. I'll need to carefully calculate the net loss based on the information provided in the financial statements.
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