MB-310 Manage Fixed Assets Practice Question
A US-based legal entity in Dynamics 365 Finance uses the calendar year as its fiscal year, and its fixed asset books are configured to automatically create depreciation adjustments when the fiscal calendar changes. In March, the company's leadership approves a change to the corporate fiscal calendar: the fiscal year will now begin on July 1 instead of January 1, effective immediately for the current year. The fixed asset manager must update the fiscal calendar in Dynamics 365 Finance so that depreciation projections and journal entries align with the new fiscal year. What is the FIRST action the manager should take?
⚠ Common exam trap
The trap here is assuming a new fiscal calendar must be created, when the requirement is to add a fiscal year with the new start date to the existing calendar.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
In General ledger > Calendars > Fiscal calendars, select the existing calendar, and then create a new fiscal year with a July 1 start date.
Fiscal year boundaries for fixed assets are driven by the fiscal calendar referenced by the ledger and book. The correct approach is to add a new fiscal year with the July 1 start date inside the existing fiscal calendar, preserving historical periods and Calendar ID references. Replacing the calendar or altering depreciation profiles does not correctly shift period boundaries.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Run the Fixed asset calendar synchronization batch job to automatically shift all periods by six months.
Why it's wrong here
No batch job named Fixed asset calendar synchronization exists in Dynamics 365 Finance to shift fiscal periods. Fiscal calendar periods are defined manually in General ledger, and the system does not auto-shift existing periods. This option invents a feature and would not accomplish the required calendar change.
- ✗
Create a new fiscal calendar with a July 1 start date and assign it to the Fixed asset ledger.
Why it's wrong here
Creating a brand-new fiscal calendar would orphan the existing calendar's periods, historical depreciation transactions, and ledger associations. Dynamics 365 Finance expects you to modify the existing fiscal calendar or create a new fiscal year within it, not replace the calendar wholesale, because ledger and fixed asset books reference the same Calendar ID for period mapping.
- ✗
Reconfigure each fixed asset book's depreciation profile to use a July 1 fiscal year start date.
Why it's wrong here
Depreciation profiles define calculation methods, conventions, and frequencies, not fiscal year start dates. The fiscal year boundary comes from the fiscal calendar assigned to the ledger and referenced by the book. Changing the depreciation profile would alter how depreciation is computed but would not shift the fiscal period boundaries required by the scenario.
- ✓
In General ledger > Calendars > Fiscal calendars, select the existing calendar, and then create a new fiscal year with a July 1 start date.
Why this is correct
The Fiscal calendars form lets you add a new fiscal year to an existing calendar and define its start and end dates. Because fixed asset books and the ledger both reference the same Calendar ID, adding a fiscal year with the new start date preserves historical periods while aligning future depreciation with the July 1 fiscal year.
About these practice questions
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Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed September 2026 · checked against the official Microsoft exam blueprint
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