Exam MB-310 topic 1 question 89 discussion

Actual exam question from Microsoft's MB-310

Question #: 89
Topic #: 1

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.

A. Add a key named FloatCurrencies and set the value to True.
B. Set Create necessary currency pairs to True.
C. Set Import as of start date to Apr01.
D. Add a key named BaseCurrency and value of USD.
E. Set Prevent import on national holiday to True.

Show Suggested Answer

Suggested Answer: CD 🗳️
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 base currency.
Incorrect:
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 providers.
Reference:
https://docs.microsoft.com/en-us/dynamics365/customerengagement/on-premises/developer/transaction-currency-currency-entity

by kripe86 at Nov. 17, 2022, 12:55 p.m.

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globeearth

3 months, 1 week ago

Selected Answer: BE

B. Set Create necessary currency pairs to True - Setting Create necessary currency pairs to True to ensure the EUR/USD pair is available for all dates. E. Set Prevent import on national holiday to True - Setting Prevent import on national holiday to True to apply the fixed exchange rate on ECB holidays and avoid import errors. These changes ensure that exchange rates are available and correctly applied for the entire period, including holidays and the fixed rate period (April 1 to June 30).

upvoted 1 times

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Ayeneka

9 months ago

B. Set Create necessary currency pairs to True: This ensures that the system generates the required currency pairs for transactions, which is crucial for successful posting, especially when using foreign currencies. E. Set Prevent import on national holiday to True: This setting helps manage how transactions are processed on holidays, which can directly impact posting if the system is not configured to handle those specific dates correctly.

upvoted 2 times

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tarekff

1 year, 2 months ago

Selected Answer: BD

B. Set Create necessary currency pairs to True. D. Add a key named BaseCurrency and value of USD. Incorrect: A. Add a key named FloatCurrencies and set the value to True. FloatCurrencies: This setting controls how exchange rates are stored in Dynamics 365 Finance. When set to True, exchange rates are stored with more precision for calculations. It doesn't affect the date range for which exchange rates are imported. C: Set Import as of start date to Apr01: will not solve the problem from 1st of March E. Set Prevent import on national holiday to True... actually this should be false

upvoted 1 times

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Flo2021

1 year, 5 months ago

Note: "Each correct answer persents part of the solution" = meaning: None of the answers presents the complete solution. C and E will be part of the solution, to be completed with other settings: Import from March 1 to March 30 + Prevent import on national holiday = true Import from April 1 to June 30 + Single rate for date range = true etc.

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