Describe the core capabilities of the finance and operations apps →hardMultiple SelectObjective-mapped
MB-920 Practice Question: Describe the core capabilities of the finance and operations apps
A company uses Dynamics 365 Finance. The accounting team needs to create a financial report that shows actual vs. budgeted expenses by department. Which THREE components must be configured?
⚠ Common exam trap
Many exam-takers confuse the chart of accounts as a required component, but it is a prerequisite structure already configured, not a component that must be specifically set up for this report; the key missing piece is the budget model, which holds the budget data.
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 dimension sets
Financial dimension sets (A) are required because they define the combination of dimensions (e.g., Department, Cost Center) used to segment actual and budget data in reports. Main accounts (B) are the core accounts from the chart of accounts that capture the expense values. A budget model (C) is necessary because it holds the budget amounts for each account and dimension combination, enabling the actual vs. budget comparison.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Financial dimension sets
Why this is correct
Dimension sets allow reporting by department.
- ✓
Main accounts
Why this is correct
Main accounts hold actual balances.
- ✓
Budget model
Why this is correct
Budget model contains budget amounts.
- ✗
Chart of accounts
Why it's wrong here
Chart of accounts is the structure but main accounts are the specific accounts needed.
- ✗
Fixed asset group
Why it's wrong here
Fixed asset group is not needed for expense budget reporting.
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