MB 920 STUDY QUESTIONS & ANSWERS
VERIFIED 100% CORRECT
A company implements Dynamics 365 Finance and Dynamics 365 Supply Chain
Management.
The company must use fixed asset and costing functionalities specifically in the Finance
modules.
Which three Dynamics 365 Finance modules can the company use? Each correct answer
presents a complete solution.
Asset Leasing, Fixed Assets, Cost accounting
A company implements Dynamics 365 Finance.
The company has business transactions with international vendors and customers. The
company wants to pay new vendors by using a letter of credit.
You need to configure the letter of credit functionality.
Which module should you use?
Cash and bank management
A company uses Dynamics 365 Finance.
The company enters into a business contract with another company that is registered with
the United States Stock Exchange. You must validate the company.
You need to enter the company into the system.
Where should you enter the information?
Legal entity
,A company implements Dynamics 365 Finance.
The company must create purchase orders, vendor invoices, and customer invoices.
You need to configure Dynamics 365 Finance modules for the company.
Which two modules should you configure? Each correct answer presents part of the
solution.
Accounts payable, Accounts Receivable
A company implements Dynamics 365 Finance.
The accounting team wants to display the trial balance.
You need to configure the trial balance settings.
What should you do?
Create dimension sets.
You are implementing Dynamics 365 Finance for a company.
You need to view account balances for the first half of the fiscal year in the general ledger.
In which two locations can you view the account balances? Each correct answer presents a
complete solution.
Trial balance, Financial reports
A retail company uses Dynamics 365 Finance.
The company requires a custom financial dimension to define the billing department, fund,
cost center, and company attributes.
You need to activate the dimension.
Which three actions occur in the invoice table after you activate the dimension? Each
correct answer presents a complete solution.
, 1. The Invoice table is updated to include the name of the dimension.
2. The dimension is available to be consumed.
3. Any deleted dimensions are removed.
A multinational company implements Dynamics 365 Finance.
The company locations, divisions, and currencies are as follows:
United States (US): headquarters, USD
Netherlands: sales-and-service office, EUR
India: manufacturing unit, INR
The Netherlands location regularly procures finished goods from the India location. These
transactions are in EUR.
The company must set up a consolidation company so that all company financial
transactions are consolidated into USD to reflect the US headquarters.
You need to configure the currency for the India company.
What should you configure as accounting currency and reporting currency, respectively?
INR, USD
A company is implementing Dynamics 365 Finance.
The company requires random checks to evaluate whether expense reports and purchase
orders comply with company policies.
You need to make sure this evaluation is set up to collect data before go-live.
What should you configure?
Audit policy rule
VERIFIED 100% CORRECT
A company implements Dynamics 365 Finance and Dynamics 365 Supply Chain
Management.
The company must use fixed asset and costing functionalities specifically in the Finance
modules.
Which three Dynamics 365 Finance modules can the company use? Each correct answer
presents a complete solution.
Asset Leasing, Fixed Assets, Cost accounting
A company implements Dynamics 365 Finance.
The company has business transactions with international vendors and customers. The
company wants to pay new vendors by using a letter of credit.
You need to configure the letter of credit functionality.
Which module should you use?
Cash and bank management
A company uses Dynamics 365 Finance.
The company enters into a business contract with another company that is registered with
the United States Stock Exchange. You must validate the company.
You need to enter the company into the system.
Where should you enter the information?
Legal entity
,A company implements Dynamics 365 Finance.
The company must create purchase orders, vendor invoices, and customer invoices.
You need to configure Dynamics 365 Finance modules for the company.
Which two modules should you configure? Each correct answer presents part of the
solution.
Accounts payable, Accounts Receivable
A company implements Dynamics 365 Finance.
The accounting team wants to display the trial balance.
You need to configure the trial balance settings.
What should you do?
Create dimension sets.
You are implementing Dynamics 365 Finance for a company.
You need to view account balances for the first half of the fiscal year in the general ledger.
In which two locations can you view the account balances? Each correct answer presents a
complete solution.
Trial balance, Financial reports
A retail company uses Dynamics 365 Finance.
The company requires a custom financial dimension to define the billing department, fund,
cost center, and company attributes.
You need to activate the dimension.
Which three actions occur in the invoice table after you activate the dimension? Each
correct answer presents a complete solution.
, 1. The Invoice table is updated to include the name of the dimension.
2. The dimension is available to be consumed.
3. Any deleted dimensions are removed.
A multinational company implements Dynamics 365 Finance.
The company locations, divisions, and currencies are as follows:
United States (US): headquarters, USD
Netherlands: sales-and-service office, EUR
India: manufacturing unit, INR
The Netherlands location regularly procures finished goods from the India location. These
transactions are in EUR.
The company must set up a consolidation company so that all company financial
transactions are consolidated into USD to reflect the US headquarters.
You need to configure the currency for the India company.
What should you configure as accounting currency and reporting currency, respectively?
INR, USD
A company is implementing Dynamics 365 Finance.
The company requires random checks to evaluate whether expense reports and purchase
orders comply with company policies.
You need to make sure this evaluation is set up to collect data before go-live.
What should you configure?
Audit policy rule
