MB 920 ACTUAL EXAM QUESTIONS &
ANSWERS ALREADY PASSED!!
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.
A company implements Dynamics 365 Finance.
The company must distribute a transaction amount across multiple ledger account and
dimension combinations.
You need to design the financial process for the company.
Which process should you design?
Allocation
You are implementing Dynamics 365 Finance.
You are setting up the chart of accounts. Some accounts must be available for only the first
90 days of the year.
You need to ensure that these accounts are suspended after 90 days.
What should you configure?
Legal entity overrides
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.
The Invoice table is updated to include the name of the dimension.
The dimension is available to be consumed.
Any deleted dimensions are removed.
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
You are implementing Dynamics 365 Finance for a company.
The company uses three-way matching for accounts payable when it purchases fixed assets.
You need to verify the invoice matching configuration.
Which two items will the invoice validate against in three-way matching? Each correct
answer presents part of the solution.
Product receipt lines
Purchase order lines
, A company implements Dynamics 365 Finance.
To prevent fraud activity, the company configures the system to generate an electronic list
of checks every time the checks are printed.
You need to set up the required feature.
Which feature should you configure?
Positive pay
A company uses Dynamics 365 Finance.
You receive shipments of materials for which you did not create a purchase order.
You need to accrue the expenses.
What are two ways to accrue the expenses? Each correct answer presents a complete
solution.
Vendor invoice journal
Vendor invoice register
A logistics company uses Dynamics 365 Finance.
Several customers have outstanding invoices. The CFO wants the system to identify
delinquent customers, send an email reminder, and schedule a collections phone call.
You need to configure the functionality.
What should you use?
Automatic collection tasks
A logistics company is deploying budgeting in Dynamics 365 Finance.
The company owns several expensive label machines. The company must plan for the
ANSWERS ALREADY PASSED!!
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.
A company implements Dynamics 365 Finance.
The company must distribute a transaction amount across multiple ledger account and
dimension combinations.
You need to design the financial process for the company.
Which process should you design?
Allocation
You are implementing Dynamics 365 Finance.
You are setting up the chart of accounts. Some accounts must be available for only the first
90 days of the year.
You need to ensure that these accounts are suspended after 90 days.
What should you configure?
Legal entity overrides
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.
The Invoice table is updated to include the name of the dimension.
The dimension is available to be consumed.
Any deleted dimensions are removed.
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
You are implementing Dynamics 365 Finance for a company.
The company uses three-way matching for accounts payable when it purchases fixed assets.
You need to verify the invoice matching configuration.
Which two items will the invoice validate against in three-way matching? Each correct
answer presents part of the solution.
Product receipt lines
Purchase order lines
, A company implements Dynamics 365 Finance.
To prevent fraud activity, the company configures the system to generate an electronic list
of checks every time the checks are printed.
You need to set up the required feature.
Which feature should you configure?
Positive pay
A company uses Dynamics 365 Finance.
You receive shipments of materials for which you did not create a purchase order.
You need to accrue the expenses.
What are two ways to accrue the expenses? Each correct answer presents a complete
solution.
Vendor invoice journal
Vendor invoice register
A logistics company uses Dynamics 365 Finance.
Several customers have outstanding invoices. The CFO wants the system to identify
delinquent customers, send an email reminder, and schedule a collections phone call.
You need to configure the functionality.
What should you use?
Automatic collection tasks
A logistics company is deploying budgeting in Dynamics 365 Finance.
The company owns several expensive label machines. The company must plan for the
