hardMultiple ChoiceObjective-mapped
MB-920 Practice Question: A company uses Dynamics 365 Finance and has…
A company uses Dynamics 365 Finance and has multiple legal entities. They want to share a chart of accounts across all entities while allowing different fiscal calendars. What configuration should be used?
⚠ Common exam trap
Watch out — candidates often assume sharing a chart of accounts requires sharing all related configurations, including fiscal calendars, but Dynamics 365 Finance allows these to be decoupled to support multi-entity scenarios with different fiscal year 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
✓
Shared chart of accounts with entity-specific fiscal calendars
D is correct because Dynamics 365 Finance allows a shared chart of accounts across legal entities while enabling entity-specific fiscal calendars. This configuration meets the requirement of maintaining a unified account structure for reporting and consolidation, while respecting local regulatory or business needs for different fiscal year periods.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Single fiscal calendar for all entities
Why it's wrong here
Does not allow different calendars.
- ✗
Separate chart of accounts per entity
Why it's wrong here
Defeats sharing purpose.
- ✗
Consolidations with elimination
Why it's wrong here
For consolidation, not chart sharing.
- ✓
Shared chart of accounts with entity-specific fiscal calendars
Why this is correct
Meets the requirement.
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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.