Exam MB-310 topic 2 question 13 discussion

Actual exam question from Microsoft's MB-310

Question #: 13
Topic #: 2

DRAG DROP -
You have implemented Dynamics 365 Finance.
You must configure revenue recognition to handle deferring revenue and revenue reallocation.
You need to configure the posting profile.
What should you do? To answer, drag the appropriate posting profiles to the correct scenario. Each posting profile may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:

Show Suggested Answer

Suggested Answer:

Box 1: Deferred revenue -
Deferred revenue ג€" Enter the main account for the revenue price that posts to deferred revenue (instead of revenue). The revenue price is deferred if the sales order line has a revenue schedule.
Box 2: Partial invoice revenue clearing
Partial invoice revenue clearing ג€" Enter the main account for the clearing account that is used either when the sales order is partially invoiced or when reallocation occurs. The balance in this account returns to 0 (zero) when the sales orders are fully invoiced.
Incorrect:
Deferred cost of goods sold ג€" Enter the main account for the cost of goods sold amount that posts to deferred cost of goods sold if the revenue is also deferred.
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/revenue-recognition-setup

by AliK1i at Oct. 20, 2022, 9:11 p.m.

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achokler

2 weeks, 4 days ago

there is an error in description should be posting profile not posting currency

upvoted 1 times

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globeearth

1 month, 1 week ago

1. A. Deferred revenue : When a sales order line has a revenue schedule assigned, the revenue is deferred and not recognized immediately upon invoicing. The system posts the revenue to a Deferred revenue account until the revenue recognition schedule is processed, at which point it is moved to the actual revenue account. 2. C. Partial invoice revenue clearing : Revenue reallocation occurs when a sales order line is added to a previously invoiced sales order, or a new sales order is created that impacts the original contract. This requires a correcting accounting entry to adjust the revenue allocation. The Partial invoice revenue clearing account is used to handle these adjustments, ensuring that the reallocated revenue is properly accounted for and settled against the original transaction.

upvoted 1 times

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AliK1i

7 months, 2 weeks ago

correct answer https://learn.microsoft.com/en-us/dynamics365/finance/accounts-receivable/revenue-recognition-setup view the posting profiles section

upvoted 3 times

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