A company uses manual bank reconciliation for a bank account. The finance manager notices that the bank statement ending balance does not match the calculated balance in the reconciliation worksheet. They have verified that all cleared transactions are marked correctly. What should they do next?

Change the bank statement ending balance to match the calculated balance.

Run the foreign currency revaluation for the bank account.

Check for unrecorded bank transactions, such as bank charges or interest, and add them to the reconciliation.

Delete the reconciliation and start over.

A company wants to forecast its cash position for the next quarter. They have sales orders, purchase orders, and open customer and vendor invoices. The finance team wants the forecast to include expected inflows from customers and outflows to vendors based on these documents. What should the administrator configure?

Set up cash flow forecasts and include the relevant liquidity accounts and budget models.

Create a cash flow statement report in Financial Reporting.

Enable advanced bank reconciliation to generate forecasts.

Use the bank reconciliation module to forecast cash positions.

After setting up a netting agreement between a customer and vendor, the finance team needs to process the netting to create the offsetting transactions. What should the user do?

Run the netting process to generate the netting transactions.

Post a payment journal to settle the balances.

Run the bank reconciliation to apply the netting.

Create a credit note for the vendor and a debit note for the customer.

A company needs to generate a payment file for vendor payments in a format required by their bank. The bank has provided the format specification. The administrator needs to configure the system to generate the file correctly. What should the administrator do?

Configure the payment format in the vendor master data.

Set up a payment format using the bank's specification and assign it to the vendor payment method.

Create a new bank account with the format specification.

Use an existing payment format and modify the bank account.

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 1Objective 4

Implement and Manage Cash and Bank MB-310 Practice Questions (Page 6)

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 26–30

26expert · hard
A company uses manual bank reconciliation for a bank account. The finance manager notices that the bank statement ending balance does not match the calculated balance in the reconciliation worksheet. They have verified that all cleared transactions are marked correctly. What should they do next?
Select an answer first
27application · medium
A company wants to forecast its cash position for the next quarter. They have sales orders, purchase orders, and open customer and vendor invoices. The finance team wants the forecast to include expected inflows from customers and outflows to vendors based on these documents. What should the administrator configure?
Select an answer first
28application · medium
After setting up a netting agreement between a customer and vendor, the finance team needs to process the netting to create the offsetting transactions. What should the user do?
Select an answer first
29application · medium
A company needs to generate a payment file for vendor payments in a format required by their bank. The bank has provided the format specification. The administrator needs to configure the system to generate the file correctly. What should the administrator do?
Select an answer first
30foundation · easy
In Dynamics 365 Finance, which process is used to revalue bank account balances in foreign currency?
Select an answer first

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Implement and Manage Cash and Bank MB-310 Practice Questions (Page 6)

Questions 26–30

A company uses manual bank reconciliation for a bank account. The finance manager notices that the bank statement ending balance does not match the calculated balance in the reconciliation worksheet. They have verified that all cleared transactions are marked correctly. What should they do next?

After setting up a netting agreement between a customer and vendor, the finance team needs to process the netting to create the offsetting transactions. What should the user do?

A company needs to generate a payment file for vendor payments in a format required by their bank. The bank has provided the format specification. The administrator needs to configure the system to generate the file correctly. What should the administrator do?

In Dynamics 365 Finance, which process is used to revalue bank account balances in foreign currency?

Keep studying — Implement financial management