A company wants to streamline vendor payments by using a shared payment format across multiple legal entities. They want to configure the payment format once and have it available to all legal entities. What should the administrator do?

Set up the payment format in a shared location, such as the Shared parameters or a shared bank group.

Configure the payment format separately in each legal entity.

Use the payment format from the bank group of the primary legal entity.

Create a payment format in each bank account.

A company wants to update its cash flow forecast automatically every night so that the finance team sees the latest data each morning without manual intervention. What should the administrator configure?

Set up a batch job to run the cash flow forecast calculation periodically.

Enable advanced bank reconciliation to automatically update the forecast.

Create a workflow to approve forecast updates.

Use the cash flow forecast workspace and refresh it manually each morning.

Contoso Ltd. has multiple legal entities, each with bank accounts at different banks. The treasury team wants to group bank accounts by bank so that payment formats and reconciliation settings can be applied consistently across all accounts at the same bank. They also need to ensure that new bank accounts created in any legal entity can be assigned to the appropriate group. What should the administrator configure?

Create a bank group for each bank and assign bank accounts to the group.

Define a bank transaction type for each bank and use it on all transactions.

Set up a payment format for each bank and assign it to the bank account.

Create a bank account for each bank and link it to the legal entity.

What is the primary purpose of basic bank reconciliation in Dynamics 365 Finance?

To create new bank accounts for reconciliation purposes

To generate bank statements for external auditors

To automatically post all bank transactions to the general ledger

To match bank statement transactions with bank account transactions in Dynamics 365 Finance

A company has a bank account in USD, but the functional currency is EUR. At month-end, the exchange rate has changed, and the finance team needs to adjust the bank account balance to reflect the current exchange rate. What should the administrator or user do?

Manually post a journal entry to adjust the balance.

Change the exchange rate on the bank account and save.

Run the foreign currency revaluation for the bank account.

Run the bank reconciliation to adjust the balance.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 4

Implement and Manage Cash and Bank MB-310 Practice Questions (Page 4)

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 16–20

16application · medium
A company wants to streamline vendor payments by using a shared payment format across multiple legal entities. They want to configure the payment format once and have it available to all legal entities. What should the administrator do?
Select an answer first
17application · medium
A company wants to update its cash flow forecast automatically every night so that the finance team sees the latest data each morning without manual intervention. What should the administrator configure?
Select an answer first
18application · medium
Contoso Ltd. has multiple legal entities, each with bank accounts at different banks. The treasury team wants to group bank accounts by bank so that payment formats and reconciliation settings can be applied consistently across all accounts at the same bank. They also need to ensure that new bank accounts created in any legal entity can be assigned to the appropriate group. What should the administrator configure?
Select an answer first
19foundation · easy
What is the primary purpose of basic bank reconciliation in Dynamics 365 Finance?
Select an answer first
20application · medium
A company has a bank account in USD, but the functional currency is EUR. At month-end, the exchange rate has changed, and the finance team needs to adjust the bank account balance to reflect the current exchange rate. What should the administrator or user do?
Select an answer first

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