MB-920 Describe Dynamics 365 Finance Practice Question
Which THREE of the following are requirements for setting up 'Intercompany accounting' in Dynamics 365 Finance?
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
✓
Trading partner relationships must be defined between legal entities.
Options A, C, and D are correct. Intercompany accounting requires trading partner relationships, intercompany journals, and elimination rules. Option B is wrong because a shared chart of accounts is not required; each legal entity can have its own. Option E is wrong because a single currency is not required; different currencies are allowed.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Trading partner relationships must be defined between legal entities.
Why this is correct
Trading partners define which entities transact.
- ✗
All legal entities must use a shared chart of accounts.
Why it's wrong here
Chart of accounts can differ.
- ✓
Intercompany journals must be set up.
Why this is correct
Journals are used to record intercompany transactions.
- ✓
Elimination rules must be configured for consolidation.
Why this is correct
Elimination rules remove intercompany transactions.
- ✗
All legal entities must use the same currency.
Why it's wrong here
Different currencies are allowed.
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