A small business wants to reconcile its bank account monthly. They have a low volume of transactions and prefer a simple process where they manually mark cleared transactions. They do not need automated matching or complex rules. What should the administrator set up?

Enable advanced bank reconciliation with matching rules and automation.

Enable basic bank reconciliation and use the bank reconciliation worksheet to manually mark transactions.

Create a bank group and use it to automatically reconcile all accounts.

Use the cash flow forecast to track cleared transactions.

Which of the following details is typically maintained on a bank account record in Dynamics 365 Finance?

Bank account number and currency

What is the benefit of automating cash flow forecasts in Dynamics 365 Finance?

It generates bank statements automatically

It automatically posts forecasted transactions to the general ledger

It eliminates the need for bank accounts

It reduces manual effort and improves accuracy by using scheduled updates

A company has multiple legal entities that share a common bank account for vendor payments. They want to use the same payment format for all entities but need to track which entity made each payment. What should the administrator configure?

Set up a shared bank account and use a shared payment format, with the legal entity dimension on the payment journal lines.

Configure the payment format in each legal entity's parameters.

Create a separate bank account for each legal entity with the same format.

Use the same bank group for all entities and assign the format to the group.

A company uses advanced bank reconciliation. They have a bank statement that includes a bank charge and a customer payment that was partially matched by the system. The finance team wants to ensure that the bank charge is automatically matched to a general ledger entry and that the partial match is resolved. What should the administrator configure or the user do?

Use basic bank reconciliation to manually match all transactions.

Run the cash flow forecast to resolve the partial match.

Create a matching rule for bank charges and manually review the partial match.

Disable matching rules and manually match everything.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 4

Implement and Manage Cash and Bank MB-310 Practice Questions (Page 3)

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 11–15

11application · easy
A small business wants to reconcile its bank account monthly. They have a low volume of transactions and prefer a simple process where they manually mark cleared transactions. They do not need automated matching or complex rules. What should the administrator set up?
Select an answer first
12foundation · easy
Which of the following details is typically maintained on a bank account record in Dynamics 365 Finance?
Select an answer first
13foundation · easy
What is the benefit of automating cash flow forecasts in Dynamics 365 Finance?
Select an answer first
14expert · hard
A company has multiple legal entities that share a common bank account for vendor payments. They want to use the same payment format for all entities but need to track which entity made each payment. What should the administrator configure?
Select an answer first
15expert · hard
A company uses advanced bank reconciliation. They have a bank statement that includes a bank charge and a customer payment that was partially matched by the system. The finance team wants to ensure that the bank charge is automatically matched to a general ledger entry and that the partial match is resolved. What should the administrator configure or the user do?
Select an answer first

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