Exam MB-310 topic 1 question 68 discussion

Actual exam question from Microsoft's MB-310

Question #: 68
Topic #: 1

SIMULATION -
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

Suggested Answer: See explanation below.
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.
1. Navigate to General Ledger > Chart of Accounts > Accounts > Main Accounts.
2. Select the Financial Reporting account.
3. In the Reporting currency exchange rate type, select Current from the drop-down list.
4. Click Save to save the changes.

by Aysenuremre at Sept. 17, 2021, 6:11 p.m.

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Aysenuremre

1 year, 10 months ago

Fixed assets > Setup > Add reporting currency amounts to fixed asset books. https://www.linkedin.com/pulse/re-run-add-reporting-currency-amounts-fixed-asset-books-sourav-dam/

upvoted 4 times

Freesia

10 months, 1 week ago

Thanks!

upvoted 1 times

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