MB-920 Describe Dynamics 365 Finance Practice Question
A company using Dynamics 365 Finance needs to automate the calculation and posting of periodic transactions such as prepayments and accruals. Which feature should be used?
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
✓
Periodic journal
The Periodic journal in Dynamics 365 Finance can be set up to automatically generate recurring journal entries for prepayments, accruals, and other periodic transactions. Option B is wrong because Financial Reporting is for reporting, not posting. Option C is wrong because Allocation journals allocate costs but do not handle prepayments/accruals automatically. Option D is wrong because the General journal is for manual entries.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Periodic journal
Why this is correct
Periodic journals automate recurring entries such as prepayments and accruals.
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Financial reporting
Why it's wrong here
Financial reporting generates reports, not journal entries.
- ✗
Allocation journal
Why it's wrong here
Allocation journals distribute amounts but are not designed for prepayments or accruals.
- ✗
General journal
Why it's wrong here
General journal entries are manual and not automated for periodic transactions.
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