Exam MB-310 topic 1 question 101 discussion

Actual exam question from Microsoft's MB-310

Question #: 101
Topic #: 1

A customer uses bank reconciliation functionality in Dynamics 365 Finance.

The customer finds a transaction in a closed fiscal period that must be corrected.

You need to correct the transaction.

How should you make this correction?

A. Use the Correction amount field.
B. Open the fiscal pend.
C. Create a new line for the transaction in the closed period.
D. Create a new line for the transaction in an open period.

Show Suggested Answer

Suggested Answer: D 🗳️

by bernardas at April 12, 2023, 1:37 p.m.

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globeearth

1 month, 3 weeks ago

Selected Answer: D

D. Create a new line for the transaction in an open period is the recommended approach if reopening closed fiscal periods is restricted by policy or if the correction is minor. This method is simpler, complies with period closure restrictions, and maintains an audit trail through proper documentation.

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bernardas

8 months ago

Selected Answer: D

If the fiscal period of the transaction to be corrected is closed, the Correction amount field can't be used. Instead, create a line that has a transaction date that is in an open fiscal period for the correction. In this case, you must add the financial dimensions that were used on the original transaction, and also the offset main account. https://learn.microsoft.com/en-us/dynamics365/finance/cash-bank-management/reconcile-bank-account

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