The correct answer is to configure a bank statement import source and define matching rules for automatic reconciliation. This solution works because Dynamics 365 Finance’s Cash and bank management module allows you to set up an import source for CSV bank statements, enabling automatic ingestion, and then define matching rules—such as document date, amount, and reference—to automatically pair imported transactions with open bank entries. On the MB-920 exam, this scenario tests your understanding of the bank reconciliation automation workflow, a key feature for small teams with multiple accounts; a common trap is assuming you need a third-party tool or manual intervention, but the platform’s native import and rule engine handles it. Remember the mnemonic “Import + Match = Auto-Reconcile” to recall that the two-step configuration of source setup and rule definition is the standard, code-free approach for automating bank reconciliation in Dynamics 365 Finance.
MB-920 Describe Dynamics 365 Finance Practice Question
This MB-920 practice question tests your understanding of describe dynamics 365 finance. This is a configuration task: choose the command set that satisfies every stated requirement. Small differences — like 'secret' vs 'password' or 'transport input ssh' vs 'all' — change whether the answer is correct. After answering, compare your reasoning against the explanation and wrong-answer breakdown below. Once you have made your selection, read the full explanation to reinforce the concept and understand why each distractor is designed to mislead on exam day.
You are a Dynamics 365 Finance consultant for a startup that needs to manage its financial operations. The company has a small accounting team and wants to automate bank reconciliation. They use multiple bank accounts and receive electronic bank statements in CSV format. Requirements: 1) Automatically import bank statements. 2) Match transactions automatically. 3) Use standard Dynamics 365 Finance features. Which configuration should you implement?
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Configure a bank statement import source and define matching rules for automatic reconciliation.
Setting up bank statement import and automatic matching rules in the Cash and bank management module automates reconciliation. Option B is correct.
Key principle: Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
✗
Create a data entity to import bank statements and use Excel to reconcile.
Why it's wrong here
Excel reconciliation is manual.
✓
Configure a bank statement import source and define matching rules for automatic reconciliation.
Why this is correct
Automatic matching rules reconcile transactions without manual effort.
Related concept
Read the scenario before looking for a memorised answer.
✗
Use the 'Advanced bank reconciliation' feature with manual matching.
Why it's wrong here
Manual matching does not meet automation requirement.
✗
Enable the 'Bank reconciliation' workspace and manually enter statement lines.
Why it's wrong here
Manual entry is not automated.
Common exam traps
Common exam trap: answer the scenario, not the keyword
Many certification questions include familiar terms but test a specific constraint. Read the exact wording before choosing an answer that is generally true but wrong for this case.
Detailed technical explanation
How to think about this question
This question should be treated as a scenario, not a definition check. Identify the problem, the constraint and the best action. Then compare each option against those facts.
KKey Concepts to Remember
Read the scenario before looking for a memorised answer.
Find the constraint that changes the correct option.
Eliminate answers that are true in general but not in this case.
Use explanations to understand the rule behind the answer.
TExam Day Tips
→Underline the problem statement mentally.
→Watch for words such as best, first, most likely and least administrative effort.
→Review why wrong options are wrong, not only why the correct option is correct.
Key takeaway
Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Real-world example
How this comes up in practice
A cloud solutions architect for a retail company is evaluating services for a new workload. The correct answer here reflects best practice for the specific scenario described — not a general cloud recommendation. Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option. Cloud exam questions reward reading the constraint carefully: the same technology can be right or wrong depending on the use case.
What to study next
Got this wrong? Here's your next step.
Identify which MB-920 exam domain this question belongs to, then review the specific concept being tested. Practise related questions in that domain and focus on understanding why each wrong answer is tempting — not just why the correct answer is right.
Describe Dynamics 365 Finance — This question tests Describe Dynamics 365 Finance — Read the scenario before looking for a memorised answer..
What is the correct answer to this question?
The correct answer is: Configure a bank statement import source and define matching rules for automatic reconciliation. — Setting up bank statement import and automatic matching rules in the Cash and bank management module automates reconciliation. Option B is correct.
What should I do if I get this MB-920 question wrong?
Identify which MB-920 exam domain this question belongs to, then review the specific concept being tested. Practise related questions in that domain and focus on understanding why each wrong answer is tempting — not just why the correct answer is right.
What is the key concept behind this question?
Read the scenario before looking for a memorised answer.
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Question Discussion
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