Free Microsoft Dynamics MB-310 Actual Exam Questions - Question 4 Discussion
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.
Probably A, B, and E since you need to prep the new year and close parameters.
Maybe A, B, and E—closing needs the calendar and next year set, transfer balance isn’t crucial here.
It’s A, B, and E—need to set up the calendar and next fiscal year for proper closing.
A/B/E? Setting the fiscal year close parameters (A) is definitely a must since it controls the close process. You also need to have the ledger calendar ready for the next year (B) to make sure transactions post correctly. Creating the next fiscal year (E) feels necessary so you can actually open it after closing. D sounds more like a setup or maintenance task that isn’t part of the close itself. And C doesn’t really fit since transfer balance isn’t a config step for closing, it’s more about reporting or adjusting balances.
C, D, and E seem off since transfer balance isn’t part of closing, and validating accounts is ongoing.
It’s definitely not C since transfer balance isn’t something you configure before a year-end close. D feels more like a setup step you’d do way earlier, not right before closing. So I’d go with A for fiscal year close parameters to control the process, B to set up the ledger calendar for the new year, and E to create that new fiscal year itself. Those three cover what you need to close the old year and prep for the new one.
Maybe B, D, and E? Not sure if A is needed here.