MB-920 Practice Question: Drag and drop the steps to run a financial period…

Drag and drop the steps to run a financial period close in Dynamics 365 Finance in the correct order.

Drag steps to the numbered slots on the right, or tap a step then tap a slot.

Steps

Order

1Step 1

2Step 2

3Step 3

4Step 4

5Step 5

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

✓

Select period close, then run inventory close, then perform settlement, then post closing entries.

Period close involves selecting the period, inventory close, settlement, and posting closing entries.

Answer analysis

For each option: why learners choose it and why it is or isn't the right answer here.

✓
Select period close, then run inventory close, then perform settlement, then post closing entries.
Why this is correct
This is correct because the period close process starts by selecting the period, then inventory must be closed to ensure accurate valuation, followed by settlement of open transactions, and finally posting the closing entries to finalize the period.
✗
Run inventory close, then select period close, then perform settlement, then post closing entries.
Why it's wrong here
This is incorrect because inventory close cannot run before selecting the period close. The period must be identified first to define the scope of inventory close.
✗
Select period close, then perform settlement, then run inventory close, then post closing entries.
Why it's wrong here
This is incorrect because settlement (e.g., vendor payments) should occur after inventory close, as inventory valuation affects cost of goods sold and settlement accuracy.
✗
Post closing entries, then select period close, then run inventory close, then perform settlement.
Why it's wrong here
This is incorrect because posting closing entries is the final step, not the first. All other steps must be completed before closing entries can be posted.

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