Question 1easymultiple choice
Read the full Describe Dynamics 365 Finance explanation →MB-920 Describe Dynamics 365 Finance • Complete Question Bank
Complete MB-920 Describe Dynamics 365 Finance question bank — all 0 questions with answers and detailed explanations.
Drag steps to the numbered slots on the right, or tap a step then tap a slot.
Drag steps to the numbered slots on the right, or tap a step then tap a slot.
Drag a concept onto its matching description — or click a concept then click the description.
Central repository for financial data
Manage vendor invoices and payments
Manage customer invoices and collections
Plan and monitor financial resources
Track and depreciate company assets
Drag a concept onto its matching description — or click a concept then click the description.
A specific job role within an organization
A group of related positions with shared duties
An individual employee or contractor
An organizational unit for reporting
Rules for determining employee pay
{
"CurrencyCode": "USD",
"ExchangeRateType": "Average",
"ExchangeRateDate": "2025-01-15",
"ExchangeRate": 1.2345,
"FromCurrency": "EUR"
}{
"LegalEntity": "USMF",
"FiscalCalendarYear": 2025,
"PeriodStatus": "Closed",
"Module": "GeneralLedger",
"Action": "Post"
}{
"BudgetCycle": "FY2025",
"BudgetModel": "Original",
"BudgetScenario": "Baseline",
"BudgetType": "Expense",
"BudgetStatus": "Approved"
}Refer to the exhibit.
{
"TaxCode": "VAT19",
"TaxRate": 0.19,
"TaxType": "SalesTax",
"ItemSalesTaxGroup": "DOMESTIC",
"ItemTaxGroup": "STANDARD",
"TaxCalculationMethod": "WholeAmount"
}Refer to the exhibit.
{
"FixedAssetGroup": "VEHICLES",
"DepreciationProfile": "200% Declining Balance",
"ServiceLife": 5,
"AcquisitionCost": 50000.00,
"PlacedInServiceDate": "2025-01-01"
}Refer to the exhibit.
{
"JournalName": "APINV",
"JournalType": "Invoice register",
"ApprovalWorkflow": "APInvoiceApproval",
"PostingLayer": "Current",
"DefaultOffsetAccount": "200110"
}Refer to the exhibit.
{
"BudgetControlConfiguration": {
"BudgetControlEnabled": true,
"DocumentsToCheck": ["PurchaseOrders", "VendorInvoices"],
"CheckLevel": "Both",
"BudgetInterval": "FiscalYear",
"Threshold": {
"Warning": 80,
"Error": 100
}
}
}Refer to the exhibit.
{
"ElectronicReporting": {
"FormatName": "ISO20022_CreditTransfer",
"ModelMapping": "PaymentModel",
"CountryContext": "DEU",
"Version": "10.0.30"
}
}Refer to the exhibit.
{
"FinancialDimensions": {
"Dimensions": [
{
"Name": "Department",
"Values": ["Sales", "Marketing", "IT"],
"Active": true
},
{
"Name": "CostCenter",
"Values": ["CC001", "CC002", "CC003"],
"Active": true
}
],
"AccountStructure": {
"MainAccount": 7,
"Department": 3,
"CostCenter": 4
}
}
}Refer to the exhibit.
{
"Ledger": {
"ChartOfAccounts": "Shared",
"AccountingCurrency": "USD",
"ReportingCurrency": "EUR",
"FiscalCalendar": {
"Name": "Standard",
"StartDate": "2026-01-01",
"EndDate": "2026-12-31"
},
"BudgetControl": {
"Enabled": true,
"BudgetControlInterval": "FiscalYear",
"AllowOverbudget": false
}
}
}Refer to the exhibit.
```json
{
"Workflow": {
"Type": "Vendor invoice workflow",
"ApprovalSteps": [
{
"StepName": "AmountCheck",
"Condition": "Invoice.Amount > 10000",
"Approver": "Manager",
"FallbackApprover": "Director"
},
{
"StepName": "FinalApproval",
"Condition": "true",
"Approver": "Director"
}
]
}
}```Refer to the exhibit.
```json
{
"FinancialDimensions": {
"Dimensions": [
{"Name": "Department", "Values": ["Sales", "IT", "HR"]},
{"Name": "CostCenter", "Values": ["CC001", "CC002"]}
],
"AccountStructure": {
"MainAccount": {"Length": 6},
"Segments": [
{"Dimension": "Department", "Length": 3},
{"Dimension": "CostCenter", "Length": 5}
]
}
}
}```Refer to the exhibit.
{
"name": "Financial dimension set",
"dimensions": ["Department", "Cost center", "Project"],
"description": "Standard dimension set for reporting",
"status": "Active"
}Refer to the exhibit. PowerShell command: Get-D365FinanceConfiguration -ModuleName "General ledger" -ConfigName "Ledger"
Refer to the exhibit. KQL query: FinanceTransactions | where Date >= datetime(2023-01-01) and Date < datetime(2024-01-01) | summarize TotalAmount = sum(Amount) by AccountCategory | top 5 by TotalAmount desc
{
"BudgetControlConfiguration": {
"BudgetCycle": "FY2026",
"BudgetModel": "Operations",
"BudgetThreshold": 1000,
"BudgetControlEnabled": true,
"OverBudgetOption": "WarnOnly"
}
}{
"GeneralJournalEntry": {
"JournalName": "MonthlyAdjustments",
"Lines": [
{
"Account": "1100-001-01",
"Debit": 5000,
"OffsetAccount": "2100-002-02"
}
],
"FinancialDimensions": [
{"Department": "Sales", "CostCenter": "CC001"}
]
}
}{
"SalesOrder": {
"OrderNumber": "SO-1001",
"CustomerAccount": "US-001",
"LineItems": [
{
"ItemNumber": "FIN-001",
"Quantity": 10,
"UnitPrice": 150,
"LineDiscountPercentage": 10
}
],
"HeaderDiscountPercentage": 5
}
}Refer to the exhibit.
{
"MainAccount": "110110",
"Name": "Checking Account",
"Type": "Asset",
"MainAccountCategory": "Cash",
"DebitCredit": "Debit",
"OpeningBalance": 100000.00
}Refer to the exhibit. SELECT MainAccount, SUM(Amount) as TotalAmount FROM GeneralJournalEntry WHERE PostingDate BETWEEN '2025-01-01' AND '2025-12-31' GROUP BY MainAccount HAVING SUM(Amount) > 10000 ORDER BY TotalAmount DESC;
Refer to the exhibit.
{
"BudgetCycle": "FY2025",
"BudgetModel": "Operating",
"BudgetType": "Original",
"LegalEntity": "USMF",
"BudgetRegisterEntry": [
{
"Account": "601500-001-023",
"Amount": 50000,
"Currency": "USD"
},
{
"Account": "601500-001-024",
"Amount": 30000,
"Currency": "USD"
}
]
}{
"Legal entity": "USMF",
"Fiscal year": "2024",
"Period": "January",
"Status": "On hold",
"User group": "AP clerks",
"Posting restriction": "No posting allowed"
}{
"Company": "USMF",
"Account": "110130",
"Name": "Checking account",
"Currency": "USD",
"Open balance": 50000,
"Transactions": [
{"Date": "2024-01-05", "Description": "Deposit", "Debit": 10000, "Credit": 0},
{"Date": "2024-01-10", "Description": "Payment", "Debit": 0, "Credit": 5000},
{"Date": "2024-01-15", "Description": "Transfer", "Debit": 0, "Credit": 20000}
]
}{
"Vendor account": "US-001",
"Invoice number": "INV-1001",
"Invoice date": "2024-01-20",
"Due date": "2024-02-19",
"Amount": 5000,
"Discount code": "2%10 net30",
"Discount date": "2024-01-30"
}Refer to the exhibit.
{
"DataEntity": "GeneralJournalAccountEntry",
"Fields": ["MainAccount", "TransactionCurrency", "AmountInTransactionCurrency", "PostingLayer", "AccountingDate"],
"Filter": "PostingLayer eq 'Current' and AccountingDate ge 2025-01-01"
}Refer to the exhibit.
{
"LegalEntity": "USMF",
"MainAccount": "110120",
"FinancialDimensions": {
"Department": "012",
"CostCenter": "CC001"
},
"PostingType": "Balance",
"Amount": 1500.00
}Refer to the exhibit.
{
"Process": "Period closing",
"Tasks": [
{"Name": "Generate vendor aging report", "Status": "Completed"},
{"Name": "Post vendor invoices", "Status": "Pending"},
{"Name": "Run currency revaluation", "Status": "Not started"}
]
}Refer to the exhibit.
```json
{
"BudgetControlConfiguration": {
"BudgetCycle": "FY2026",
"BudgetModel": "Original Budget",
"BudgetThreshold": 10000,
"ActionOnExceed": "Warn",
"Documents": ["PurchaseOrder", "VendorInvoice"]
}
}
```Refer to the exhibit.
```json
{
"FinancialDimension": {
"Name": "CostCenter",
"DimensionValue": "CC001",
"Description": "Research & Development"
}
}
```Refer to the exhibit.
```json
{
"LedgerPeriodClose": {
"Period": "2026-01",
"Steps": [
{"Name": "Generate trial balance", "Status": "Completed"},
{"Name": "Post adjusting entries", "Status": "Pending"},
{"Name": "Post depreciation", "Status": "Not started"},
{"Name": "Consolidate subsidiaries", "Status": "Not started"}
]
}
}
```Refer to the exhibit.
{
"IsActive": true,
"Name": "Overhead Allocation",
"AllocationMethod": "Basis",
"SourceBalances": {
"MainAccount": "601100",
"FinancialDimensions": {
"CostCenter": ""
}
},
"DestinationBalances": {
"MainAccount": "601200",
"FinancialDimensions": {
"CostCenter": ""
}
},
"AllocationBasis": {
"BasisType": "FinancialDimension",
"FinancialDimension": "CostCenter",
"BasisValue": ""
}
}Refer to the exhibit.
```json
{
"CurrencyCode": "USD",
"ExchangeRateType": "Average",
"FromDate": "2025-01-01",
"ToDate": "2025-12-31",
"ExchangeRate": 1.2000,
"FromCurrency": "EUR",
"ToCurrency": "USD"
}
```Refer to the exhibit. ``` <Table name="VendTrans"> <Field name="AccountNum">1001</Field> <Field name="TransDate">2025-03-15</Field> <Field name="AmountCur">5000.00</Field> <Field name="CurrencyCode">USD</Field> <Field name="Approved">No</Field> </Table> ```
You are the finance system administrator for Contoso Ltd., a global manufacturing company with legal entities in the United States, Germany, and Japan. Each entity uses Dynamics 365 Finance and has its own chart of accounts due to local reporting requirements. The CFO wants to consolidate the financial results of all entities into a single consolidated report at the end of each month. Currently, the consolidation is done manually by exporting data to Excel, which is error-prone and time-consuming. The CFO wants to use the consolidation functionality within Dynamics 365 Finance. Additionally, intercompany transactions between entities are significant, and the CFO wants to automate the elimination of these transactions during consolidation. You need to design a solution that meets the following requirements: - Use the Dynamics 365 Finance consolidation module. - Automate the elimination of intercompany transactions. - Allow each entity to maintain its own chart of accounts. - Generate consolidated financial statements in the US GAAP format.
What should you do?
{
"GeneralLedgerParameters": {
"BudgetControlConfiguration": {
"EnableBudgetControl": true,
"BudgetCheckRules": [
{
"SourceDocumentType": "PurchaseInvoice",
"AccountStructure": {
"MainAccount": "RawMaterials",
"Dimensions": []
},
"CheckLevel": "None"
}
]
}
}
}Refer to the exhibit.
```json
{
"workflowId": "PurchaseOrderApproval",
"steps": [
{
"stepType": "approval",
"assignee": "Manager",
"fallback": "VP of Procurement",
"timeLimit": 48,
"escalationAction": "Approve"
}
]
}
```Refer to the exhibit. The following JSON snippet is from a data management export job in Dynamics 365 Finance:
{
"EntityName": "GeneralJournalEntry",
"ExportFormat": "CSV",
"Filter": "AccountingDate ge 2025-01-01",
"IncludeFields": ["JournalNumber", "AccountingDate", "AmountInTransactionCurrency"],
"SourceDataFormat": "CSV"
}