Exam MB-310 topic 6 question 10 discussion

Actual exam question from Microsoft's MB-310

Question #: 10
Topic #: 6

[All MB-310 Questions]

You need to configure the financial reporting fiscal calendar for CustomerX.
What should you do?

A. Use the ledger calendar to set up the 4-5-4 calendar.
B. Configure the fiscal calendar to include a 13 th closing period.
C. Configure the ledger calendar to include a 13 th closing period.
D. Use the closing period adjustments form.

Show Suggested Answer

Suggested Answer: D 🗳️
CustomerX is a taxable company.
CustomerX requires a credit check when making a purchase and is currently at their credit limit.
Reporting: financial reporting inclusive and exclusive of year-end adjustments.

by Flo2021 at Feb. 22, 2024, 3:24 p.m.

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globeearth

2 months ago

Selected Answer: B

The most appropriate action is to configure the fiscal calendar to include a 13th closing period (option B). This directly addresses the reporting requirement to separate year-end adjustments in a different period, enabling financial reports to include or exclude these adjustments. Since CustomerX is a customer in Fourth Coffee, configuring Fourth Coffee’s fiscal calendar ensures that all transactions, including those for CustomerX, are recorded and reported correctly.

upvoted 1 times

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Flo2021

10 months, 1 week ago

I would say B, they require a separate closing period.

upvoted 4 times

Cheima

7 months, 2 weeks ago

I agree! I think it is B

upvoted 2 times

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