Exam MB-310 topic 1 question 5 discussion

Thus, the three required configuration actions are A, C, and E. A => Configure the Fiscal year close parameters to define how the close process behaves. C => Set up the year-end close template to specify the retained earnings account and dimension transfer rules. E =>Create the next fiscal year to ensure the system can roll forward opening balances. D.Validating the main account type is a good practice to ensure accurate financial reporting. However, it is not a mandatory configuration step specifically for the year-end close process

ACE Configure the Fiscal Year Close Parameters: Set Up the Year-End Close Template: Set the Ledger Calendar for the New Fiscal Year: https://learn.microsoft.com/en-us/training/modules/configure-periodic-processes-dyn365-finance/05-end-year-close

https://learn.microsoft.com/en-us/training/modules/configure-periodic-processes-dyn365-finance/05-end-year-close >> under topic prepare to run year end close

ADE is correct.

ADE is collect

Should be ACE in my opinion. running a year end close requires you to set up the template.

The question is not asking properly D - is one step of process before running YEC, but you can run it without it. But for processing YEC, you must setup parameters, next FY and template.

correct answers