MB-920 Describe Dynamics 365 Finance Practice Question
A company uses Dynamics 365 Finance to manage intercompany transactions. Which THREE steps are required to set up intercompany accounting?
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
✓
Define intercompany partners
You must define intercompany partners, set up elimination rules, and configure intercompany accounting sequences. Creating a consolidation company is a separate process. Setting up budget models is unrelated.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Create a consolidation company
Why it's wrong here
Consolidation is separate from intercompany setup.
- ✓
Define intercompany partners
Why this is correct
Needed to identify the legal entities involved.
- ✓
Set up elimination rules
Why this is correct
Required to eliminate intercompany transactions.
- ✗
Set up budget models
Why it's wrong here
Unrelated to intercompany accounting.
- ✓
Configure intercompany accounting sequences
Why this is correct
Needed to define numbering and posting.
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