Exam MB-310 topic 1 question 19 discussion

A: Examples: Pooled cash settlements Pooled cash accounting consists of amounts that are deposited by individual funds into a combined ledger account. This improves the control and custody over liquid assets, and promotes the efficient management of excess funds. These amounts can be managed by using a Treasurer’s fund. Therefore, the appropriate proportional amount of the pooled cash and investment balances must be reported for each fund that participates in the pool. To guarantee this, appropriate due-to and due-from entries must be added to the settlements that transfer amounts from one fund to another to accomplish the settlement.

D is correct https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/set-up-advanced-ledger-entries-public-sector#:~:text=On%20the%20Advanced%20ledger%20entry,are%20posted%20to%20the%20ledger.

D - Configure advanced ledger entries - This allows for the setup of complex posting definitions that can handle various scenarios, including encumbrances and bank transactions. Advanced ledger entries enable the finance department to define how transactions are posted and settled, ensuring accurate financial reporting and budget management. Configuring combined deposit amounts (A) and budget appropriations (B) are not directly related to cash settlements. Configuring the general ledger year-end close (C) is a separate process that is typically done at the end of the fiscal year and does not specifically address cash settlements. Therefore, the correct action is D, configuring advanced ledger entries.

The comment from Yael_Shachen_Tov is copied from: https://docs.microsoft.com/en-us/dynamics365/finance/public-sector/posting-definitions-public-sector Correct answer is A

D correct

D is correct answer, advanced ledger entries only are related with budget and public sector for re-classification of financial dimensions for posted entries :https://docs.microsoft.com/en-us/dynamics365/finance/public-sector/posting-definitions-public-sector

Key-word here: public sector. A is correct, if by it they mean "Pooled cash settlements" - https://docs.microsoft.com/en-us/dynamics365/finance/public-sector/posting-definitions-public-sector

References please?

I'm not familiar with "combined deposit amounts" - the closest term is Deposit slip. I'd rather hit D - advanced ledger entries. What do you think?