AMC Banking FO Exam

Welcome to the AMC Banking FO Exam

Information:

You have 30 minutes to finish the exam
There will be 20 questions in total
You have two attempts
Questions will have one or more correct answers
Correctly solved question equals 1 point
The exam is considered passed if correctly solved questions represent 65% of the whole set
The questions will have multiple choice or Multiple answers
Multiple choice: Only one correct answer. The answers are presented as bullets
Multiple answers: more than 1 correct answer. The answers are presented as boxes

Name

Company

What is the Posting Journal used for?

Collect vendor invoices and send them to the bank

Show transactions coming from the payment provider

Post invoices to be approved by the workflow

None

You are about to pay a vendor using Domestic bank transfer and you want to set up AMC-Banking to send payment advice to your vendor including at least invoice numbers of the settled transactions. How do you do that?

I will create an advice definition type = Dynamic and use the place holder %1 in the Body field. Then I will disable auto advice for the specific vendor and attach the new advice type instead

I will do nothing, as the invoice number will automatically be forwarded to vendor as a part of the auto advice option

I will print a list of settled transactions for the payment and send this to vendor

None

You have changed the bank account number for a vendor, and you expect this change to be approved, as your company has activated the vendor bank account workflow. However, your change is not visible in “Pending bank accounts”. What can be the reason?

You have forgot to submit your change in the yellow workflow tool bar

The workflow batch job is not running

You don’t have the access to approve bank accounts

What is the typical price for receiving payments from abroad when the sender has chosen to split the costs of an international payment (non SEPA)?

0,- EUR

More than 5 EUR

Below 2 EUR

None

What is the purpose of the automated reconciliation?

Finding the vendor invoices which should be paid in the near future

Validating the vendor table for setup errors

Matching the bank account transactions with the bank statement transactions

None

Is it possible to run import of bank files in batch?

Yes, but only in AMC-Banking Enterprise

Yes, but only for file-based integration in AMC-Banking Plus and host2host solutions in AMC-Banking Enterprise

Yes, it is always possible to import bank return files in batch

None

What is BBAN?

Broad business area network

Bank business alternative number

Basic bank account number. (Country specific bank account number)

None

What applies for using financial dimensions in Posting Journals?

You can setup financial dimensions at journal level, so all payments in this journal use this set of dimensions

You can add financial dimensions manually at each line in the posting journal

Financial dimensions are automatically fetched from the settled transactions, if the parameter “Inherit invoice dimensions”

In your payment journal you get a validation error; “The OCR payment reference must be filled when using this payment type”. How is the best way to handle this?

I delete the journal line, find the original invoice and enter the payment-ID, and then search for the invoice again to create the payment including the payment-ID

I simply enter the missing payment-ID in the settlement area at the button of the payment journal

I call the vendor and ask for another way to pay the invoice without using a payment-ID

None

10.

What is the “typical” price for a standard international payment (non SEPA)?

0,- EUR

More than 5 EUR

Below 2 EUR

None

11.

What is the “Validate installation and Setup” used for?

Verify essentials setup such as bank accounts, journals, and journal number conflict

Verify if the installed version of the AMC Banking is the newest version

Verify installation errors and verify for AMC Banking updates

None

12.

Which of the following addresses is a structured address?

Address 1 = The Candy Company Ltd
Address 2 = London Street 19
Address 3 = WC2N London
Address 4 = United Kingdom

Name = The Candy Company Ltd
Street = London Street 19
City = London
Zipcode = WC2N
Country = United Kingdom
Address = The Candy Company Ltd
London Street 19
WC2N London
United Kingdom None

13.

You have been using the bank account reconciliation system for a while. Same bank accounts include very few transactions, which is very comprehensive to use, as every account statement has to be reconciled separately. How can you improve the reconciliation work?

It is not possible to change this, as each bank statement must be imported and reconciled separately

You can choose to open your reconciliation at account level instead of on statement level to view all open transactions in the same window

You can set the bank reconciliation process in batch

You can open the bank statements form and then select all statements in the list to be able to reconcile all transactions in one workflow

14.

What is a structured payment?

A payment with a full text advice

A payment with a reference (FIK, KID, etc)

A collection of payments

None

15.

You are visiting a Swedish customer and realize that they receive a lot of USD payments from theirs customers. You also realize that the money goes to a bank account in local currency. What would you do?

Inform that it would be a good idea to open a bank account in USD in their local bank

Inform that it would be a good idea to open a bank account in USD in Germany

Do nothing, this is a normal way of receiving payments

None

16.

You are visiting a customer and realize they have an auto match percentage of 40%. What would you do?

Nothing. It is a perfectly acceptable auto match percentage

Go to the setup and turn on “high auto match”

Pick out samples of not matched transactions, compare them to open invoices in the system and attempt to identify, why a match could not be achieved

None

17.

What is a reference payment?

Payment with a FIK, KID or similar information

Payment without any text

Salary payment

None

18.

What is the price for a SEPA payment?

1 Euro

May not be more than the price for a domestic payment

Is cheaper than a domestic payment

None

19.

Assume you are a Danish company and have a bank account in Denmark in EUR, one in Denmark in DKK and one in US in USD. Assume also you have enough funds in all the bank accounts for the payments. From where would you pay your Italian supplier for the lowest cost?

Your Danish EUR account

Your Danish DKK account

Your US USD account

None

20.

You need to import bank account statements for several D365 FO companies. What is the most correct answer?

I import each file separately in each company

I import all files in any company, as the import function will distribute the statements to each company based on the setup of the bank accounts

I import all files in a company setup with a connection to AMC-Banking webservices as the import function will distribute the statements to each company based on the setup of the bank account

None

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