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Microsoft MB-310 Exam - Topic 6 Question 4 Discussion

A company is preparing to complete a year-end close process.You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which three configurations must you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.
A) Configure the Fiscal year close parameters and D) Validate the main account type and E) Create the next fiscal year
B) Configure the ledger calendar for the new fiscal year
C) Configure the transfer balance

Microsoft MB-310 Exam - Topic 6 Question 4 Discussion

Actual exam question for Microsoft's MB-310 exam
Question #: 4
Topic #: 6
[All MB-310 Questions]

A company is preparing to complete a year-end close process.

You need to configure the Dynamics 365 for Finance and Operations General ledger module. Which three configurations must 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, D, E

References:

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


by Devora at May 03, 2022, 09:18 PM

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Chantay
10 months ago
Transfer balance? I thought that was only for mid-year adjustments!
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Ettie
10 months ago
I think validating the main account type is important, but not sure if it's essential for year-end.
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Bette
11 months ago
Wait, do we really need to create the next fiscal year? Seems redundant.
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Ilona
11 months ago
I agree, fiscal year close parameters are a must too.
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Verdell
11 months ago
Definitely need to configure the ledger calendar for the new fiscal year!
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Mari
11 months ago
I’m leaning towards configuring the ledger calendar for the new fiscal year as one of the answers, but I’m a bit uncertain about the transfer balance option.
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Christoper
11 months ago
I feel like validating the main account type might be important, but I can't recall if it was specifically mentioned in our study materials.
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Winifred
11 months ago
I remember practicing a question similar to this, and I think creating the next fiscal year is crucial for the year-end close.
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Alison
11 months ago
I think we definitely need to configure the fiscal year close parameters, but I'm not entirely sure about the other options.
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Raymon
11 months ago
This seems like a pretty straightforward question. I'd focus on evaluating email and electronic systems, as that's likely to yield the most relevant and accurate information for a litigation hold.
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Kenneth
11 months ago
Hmm, I'm a bit confused about the difference between address.send() and address.transfer(). I'll need to review my notes on that.
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Delsie
11 months ago
This one seems pretty straightforward. The question is asking about a TCP flag that instructs the sending system to transmit all buffered data immediately, so I'm going to go with option C, PSH.
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Jenise
11 months ago
I'm a bit confused by this question. I don't recognize most of these frameworks, and I'm not sure how they relate to the COBIT governance component of people, skills and competencies. I'll have to make an educated guess on this one.
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