
Microsoft MB-310 Exam Practice Questions
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Every question with the correct answer and why the other options are wrong.
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Three of the 425 questions in this pack
Question 1
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution. After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen. You are configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: • The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13. • The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. • All dimensions from profit and loss must carry over into the retained earnings. • All future and previous periods must have an On Hold status. Solution: • Configure General ledger parameters. - Set the Delete close of year transactions option to Yes. - Set the Create closing transactions during transfer option to Yes. - Set the Fiscal year status to permanently closed option to No. • Define the Year-end close template. - Designate a retained earnings main account for each legal entity. - Set the Financial dimensions will be used on the Opening transactions option to No. - Set the Transfer profit and loss dimensions option to Close All. • Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?
Show answer and explanation
Correct answer: A. Yes
The solution correctly addresses all four requirements. Setting Delete close of year transactions to Yes allows the fiscal year close to be run again with only the most recent entry remaining. Setting Create closing transactions during transfer to Yes enables posting of Q1 adjustments to Period 13. Setting Fiscal year status to permanently closed to No keeps the year open for adjustments. Setting Transfer profit and loss dimensions to Close All carries all P&L dimensions to retained earnings. Setting Financial dimensions will be used on the Opening transactions to No is correct because dimensions are being transferred, not used on opening transactions. Setting all periods to On Hold status completes the requirements.
Why the other options are wrong
- B. This configuration does not meet the stated goals.
Question 2
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution. After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen. You are configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: • The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13. • The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. • All dimensions from profit and loss must carry over into the retained earnings. • All future and previous periods must have an On Hold status. Solution: • Configure General ledger parameters. - Set the Delete close of year transactions option to Yes. - Set the Create closing transactions during transfer option to Yes. - Set the Fiscal year status to permanently closed option to Yes. • Define the Year-end close template. - Designate a retained earnings main account for each legal entity. - Set the Financial dimensions will be used on the Opening transactions option to Yes. - Set the Transfer profit and loss dimensions to Close All. • Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?
Show answer and explanation
Correct answer: B. No
This solution fails to meet the requirements because setting Fiscal year status to permanently closed to Yes prevents posting of Q1 adjustments into Period 13 of the previous year. Additionally, setting Financial dimensions will be used on the Opening transactions to Yes contradicts the requirement that dimensions carry over from P&L to retained earnings; this setting would prevent proper dimension carryover. The Delete close of year transactions set to Yes is correct, but the other parameter settings create conflicts with the stated goals.
Why the other options are wrong
- A. This configuration does not meet the stated goals.
Question 3
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution. After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen. You are configuring the year-end setup in Dynamics 365 Finance. You need to configure the year-end setup to meet the following requirements: • The accounting adjustments that are received in the first quarter must be able to be posted into the previous year's Period 13. • The fiscal year closing can be run again, but only the most recent closing entry will remain in the transactions. • All dimensions from profit and loss must carry over into the retained earnings. • All future and previous periods must have an On Hold status. Solution: • Configure General ledger parameters. - Set the Delete close of year transactions option to No. - Set the Create closing transactions during transfer option to No. - Set the Fiscal year status to permanently closed option to No. • Define the Year-end close template. - Designate a retained earnings main account for each legal entity. - Set the Financial dimensions will be used on the Opening transactions option to No. - Set the Transfer profit and loss dimensions to Close All. • Set all prior and future Ledger periods to a status of On Hold. Does the solution meet the goal?
Show answer and explanation
Correct answer: B. No
This solution fails because setting Delete close of year transactions to No means previous closing entries are not deleted, so running the close again will result in multiple closing entries rather than only the most recent one remaining. Setting Create closing transactions during transfer to No prevents the creation of new closing transactions, which contradicts the ability to run the close again. While not setting the year to permanently closed and setting Transfer profit and loss dimensions to Close All are correct, the other two parameter settings do not satisfy the core requirements.
Why the other options are wrong
- A. This configuration does not meet the stated goals.
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How much of the Microsoft MB-310 bank is free?
425 questions in the bankEach step includes the one before, so buying only adds new questions.
- You are here10questionsFree sampleThree on this page, all ten as a PDF.Download the sample
- 10625% of the bankPractice pageFree on the site, every answer explained.Go to the practice page
- 12229% of the bankHalf PackFree by email, as one PDF, every answer explained.Get the Half Pack
- 425100%, the whole bankFull pack, US$39Plus the questions-only PDF, monthly updates, refund if you fail.Get the full pack
What’s in the Microsoft MB-310 pack
- 425 questions mapped to the MB-310 exam objectives
- Answers and explanations for every question, including the wrong options
- A questions-only PDF for timed practice runs
- Delivered by email shortly after checkout
- Free monthly updates for as long as the exam is live
- Pass or your money back
An MB-310 attempt costs US$165 in the US. This pack is US$39, paid once.
What makes the MB-310 hard
MB-310 was rewritten on 14 August 2026, the biggest change the exam has had in years. Cost management is gone as an objective and budget planning is new, while ledgers and currencies, journals, periodic processes, accounts receivable, subscription billing, accounts payable and fixed asset transactions are all marked as major rewrites in Microsoft's own change log. A bank of questions from the July 2025 blueprint will not carry a candidate through this version.
Financial management is still over a third of the exam, but it now reads like the current product: financial tags, derived dimensions, legal entity overrides, posting layers, ledger allocation rules, intercompany accounting, Excel journal templates, advanced bank reconciliation, cash flow forecast automation, customer and vendor netting, ledger settlements, and consolidation and elimination through Consolidation online.
The receivables domain adds shared customers, billing classification and a full subscription billing section with billing schedules, contract billing, milestones and revenue and expense deferral schedules. Fixed assets now expects multi-company depreciation and acquisitions from purchase orders, journals, inventory journals and projects.
About the exam
MB-310 (Microsoft Dynamics 365 Finance Functional Consultant) leads to Microsoft Certified: Dynamics 365 Finance Functional Consultant Associate. It covers the chart of accounts and financial dimensions, ledgers, currencies and journals, cash and bank, periodic close and consolidation, tax, accounts receivable, credit and collections, subscription billing, accounts payable and expense management, budgeting and budget planning, and fixed assets. Associate level, no prerequisites. Skills measured as of 14 August 2026.
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