MB-920 Describe Dynamics 365 Finance Practice Question
A manufacturing company uses Dynamics 365 Finance to manage its financial operations. The finance team needs to automate the reconciliation of bank transactions with general ledger entries. Which feature should they use?
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
✓
Advanced bank reconciliation
Advanced bank reconciliation allows automatic matching of bank statements with ledger transactions. Option A is wrong because budget control manages budgets, not reconciliation. Option B is wrong because intercompany accounting handles transactions between legal entities. Option D is wrong because cash flow forecasting predicts future cash positions.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Budget control
Why it's wrong here
Budget control is for budget management, not bank reconciliation.
- ✗
Intercompany accounting
Why it's wrong here
Intercompany accounting deals with transactions between legal entities.
- ✓
Advanced bank reconciliation
Why this is correct
Advanced bank reconciliation automates matching bank statements to ledger entries.
- ✗
Cash flow forecasting
Why it's wrong here
Cash flow forecasting predicts future cash flows, not reconciliation.
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