MB-920 Describe Dynamics 365 Finance Practice Question
A company needs to generate financial statements that comply with local accounting standards in multiple countries. Which Dynamics 365 Finance module should be used to define and manage these reporting requirements?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Financial reporting
The Financial reporting module in Dynamics 365 Finance allows creation and management of financial statements for multiple reporting standards. Option A is wrong because Budgeting is for budget planning, not for local reporting standards. Option B is wrong because General ledger is the core ledger but does not directly manage local reporting requirements. Option D is wrong because Accounts payable is for vendor transactions.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Budgeting
Why it's wrong here
Budgeting is used for budget planning and analysis, not for generating financial statements for local accounting standards.
- ✗
General ledger
Why it's wrong here
General ledger is the core ledger for recording transactions but does not directly manage or define local reporting requirements for financial statements.
- ✓
Financial reporting
Why this is correct
The Financial reporting module in Dynamics 365 Finance allows creation and management of financial statements that can comply with multiple local accounting standards.
- ✗
Accounts payable
Why it's wrong here
Accounts payable handles vendor-related transactions and payments, not financial statement reporting.
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Written by Johnson Ajibi, MSc IT Security
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This MB-920 practice question is part of Courseiva's free Microsoft certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the MB-920 exam.