In Dynamics 365 Finance, what is the primary purpose of creating bank groups?

To organize bank accounts into logical categories for reporting and management

To specify the payment formats that can be used with each bank account

To determine the bank account number structure for validation

To define the currency and exchange rate for each bank account

Which of the following is a required setup step for basic bank reconciliation in Dynamics 365 Finance?

Create a bank group for each bank account

Enable the Cash flow forecast feature

Define the bank statement import format

Set up advanced bank reconciliation rules

Which of the following is a typical step in processing a manual bank reconciliation in Dynamics 365 Finance?

Defining matching rules to automate the process

Generating a payment file for the bank

Importing the bank statement and manually matching transactions

A small business uses Dynamics 365 Finance and receives a paper bank statement each month. The finance manager wants to reconcile the bank account by comparing the statement to the transactions in the system. They do not want to import the statement electronically. What should they do?

Use the bank statement import to manually enter the statement lines.

Use the manual bank reconciliation worksheet to enter the statement ending balance and mark cleared transactions.

Use the advanced bank reconciliation worksheet and import the paper statement as a text file.

Use the cash flow forecast to reconcile the bank account.

What is the main purpose of advanced bank reconciliation processing in Dynamics 365 Finance?

To use matching rules to automate the reconciliation of complex bank statements

To manually match every transaction without any automation

To create new bank accounts for reconciliation

To generate bank statements for external reporting

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 4

Implement and Manage Cash and Bank MB-310 Practice Questions (Page 2)

Part of the Implement financial management domain, which accounts for 35–40% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~14–26 in this domain), expect 2–4 from this objective — we provide 43 practice questions to prepare you well beyond it. (estimate)

43questions here

9free pages

13concepts

35–40%of the exam

13 Concepts in This Objective

Bank Groups Creation
Bank Accounts Management
Payment Formats Configuration
Basic Bank Reconciliation Setup
Advanced Bank Reconciliation Configuration
Cash Flow Forecast Setup
Cash Flow Automation Setup
Bank Foreign Currency Revaluation
Manual Bank Reconciliation Processing
Advanced Bank Reconciliation Processing
Shared Payment Setup Configuration
Customer and Vendor Netting Configuration
Customer and Vendor Netting Processing

Questions 6–10

6foundation · easy
In Dynamics 365 Finance, what is the primary purpose of creating bank groups?
Select an answer first
7foundation · easy
Which of the following is a required setup step for basic bank reconciliation in Dynamics 365 Finance?
Select an answer first
8foundation · easy
Which of the following is a typical step in processing a manual bank reconciliation in Dynamics 365 Finance?
Select an answer first
9application · medium
A small business uses Dynamics 365 Finance and receives a paper bank statement each month. The finance manager wants to reconcile the bank account by comparing the statement to the transactions in the system. They do not want to import the statement electronically. What should they do?
Select an answer first
10foundation · easy
What is the main purpose of advanced bank reconciliation processing in Dynamics 365 Finance?
Select an answer first

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