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Microsoft MB-310 Exam - Topic 8 Question 53 Discussion

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.
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. Navigate toGeneral Ledger > Chart of Accounts > Accounts > Main Accounts. Select the Financial Reporting account. In the Reporting currency exchange rate type, select Current from the drop-down list. Click Save to save the changes.

Microsoft MB-310 Exam - Topic 8 Question 53 Discussion

Actual exam question for Microsoft's MB-310 exam
Question #: 53
Topic #: 8
[All MB-310 Questions]

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.

Show Suggested Answer Hide Answer
Suggested Answer: A

by Joanna at May 05, 2022, 06:43 PM

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Elza
7 months ago
I’m not sure if this is the best approach for all assets.
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Joana
7 months ago
Make sure to save those changes after selecting Current!
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Hillary
8 months ago
Wait, does that mean we ignore the purchase rates? Sounds risky!
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Pete
8 months ago
Totally agree, that's the way to go for accurate reporting.
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Amber
8 months ago
Just set the currency Translation Type to Current!
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Douglass
8 months ago
I definitely remember the part about selecting Current for the exchange rate type, but I hope I don't forget to save the changes after that!
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Krissy
8 months ago
I feel like I might mix up the steps for navigating to the accounts section. Was it General Ledger first or something else?
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Elmer
8 months ago
This sounds similar to a practice question we did about setting up exchange rates, but I can't recall if we had to save changes in a specific way afterward.
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Jamie
8 months ago
I think I remember that we need to set the currency translation type to Current, but I'm not entirely sure if that's the only step we need to take.
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Meaghan
8 months ago
I've got a good feeling about D. The show service egress-label command should provide the details I need to compare the VC MTU between the PE routers.
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Leonor
8 months ago
Okay, let's see. The Price measure needs to be something that users can directly input, so it can't be a calculated measure. That rules out Dynamic Calc. I'm thinking it's either Stored or Dynamic Calc and Store.
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Willard
8 months ago
Hmm, the key here is figuring out which protocol needs to be allowed between the networks that the controllers are installed on. I'll need to think through the wireless network setup and the issue with the clients disconnecting after the power cut.
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Cora
8 months ago
Okay, let's see here. I know event IDs are used to monitor various system events, so I'm thinking it's probably one of the file-related IDs. I'll go with C - 5140.
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