MB-920 Describe Dynamics 365 Finance Practice Question
You are an implementation consultant for a company that uses Dynamics 365 Finance. The company wants to automate the reconciliation of bank transactions with bank statements. The finance team currently manually matches bank statement lines to bank transactions in Dynamics 365 Finance. The CFO wants to use the advanced bank reconciliation feature to automate this process. What should you configure?
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
✓
Enable advanced bank reconciliation, import bank statements, and configure matching rules to automatically match bank statement lines to bank transactions.
Advanced bank reconciliation uses matching rules to automate reconciliation. Option B is wrong because bank accounts are required, but the key feature is matching rules. Option C is wrong because cash flow forecasting is separate. Option D is wrong because it describes a manual process.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Enable advanced bank reconciliation, import bank statements, and configure matching rules to automatically match bank statement lines to bank transactions.
Why this is correct
Correct: Advanced bank reconciliation with matching rules automates the process.
- ✗
Set up bank accounts and manually upload bank statements each day.
Why it's wrong here
Incorrect: This does not automate matching.
- ✗
Use the cash flow forecasting feature to predict bank balances and reconcile manually.
Why it's wrong here
Incorrect: Cash flow forecasting is not for reconciliation.
- ✗
Create bank transaction journals and use the 'Reconcile' button to match each transaction.
Why it's wrong here
Incorrect: This is manual.
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This MB-920 practice question is part of Courseiva's free Microsoft certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the MB-920 exam.