nerdexam
Microsoft

MB-310 · Question #199

An exchange rate provider has been configured for Dynamics 365 Finance. Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays…

The correct answer is C. Set Import as of start date to Apr01. D. Add a key named BaseCurrency and value of USD. Multiple records in different transaction currencies can be aggregated, compared, or analyzed with regard to a single currency, by using an exchange rate. This is known as the base currency. You first define a base currency for the organization and then define exchange rates to…

Set up and configure financial management

Question

An exchange rate provider has been configured for Dynamics 365 Finance. Foreign currency transactions using the Euro and the US dollar use a fixed exchange rate for European Central Bank holidays and all days between April 1 and June 30. Foreign currency transactions from March 1 to June 30 fail to post. You need to reconfigure the system to post transactions for this period. Which two configuration changes should you make to the ledgers? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options

  • AAdd a key named FloatCurrencies and set the value to True.
  • BSet Create necessary currency pairs to True.
  • CSet Import as of start date to Apr01.
  • DAdd a key named BaseCurrency and value of USD.
  • ESet Prevent import on national holiday to True.

How the community answered

(22 responses)
  • A
    23% (5)
  • B
    14% (3)
  • C
    59% (13)
  • E
    5% (1)

Explanation

Multiple records in different transaction currencies can be aggregated, compared, or analyzed with regard to a single currency, by using an exchange rate. This is known as the base currency. You first define a base currency for the organization and then define exchange rates to associate the base currency with transaction currencies. The base currency is the currency in which other currencies are quoted. The exchange rate is the value of a transaction currency equal to one Not E: Prevent import on national holiday- This check box manages the import of the exchange rate for public holiday's date. For example, if you select this check box and use the European Central Bank as the exchange rate provider, the system will not update the exchange rate on a public holiday that is related to the current legal entity. This option might not be available for some https://docs.microsoft.com/en-us/dynamics365/customerengagement/on- premises/developer/transaction-currency-currency-entity

Topics

#exchange rate#foreign currency#currency pair#import configuration

Community Discussion

No community discussion yet for this question.

Full MB-310 Practice