MB-920 Describe Dynamics 365 Finance Practice Question
Which TWO actions can you perform using the Financial Reporting tool 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
✓
Combine data from multiple legal entities in a single report
Options A and E are correct. Financial Reporting can produce balance sheets and income statements (E) and can combine data from multiple legal entities using reporting trees (A). Option B is incorrect because configuring payment terms is done in Accounts payable, not in Financial Reporting. Option C is incorrect because configuring budget control rules is a separate feature in Budgeting. Option D is incorrect because posting journal entries is a general ledger function.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Combine data from multiple legal entities in a single report
Why this is correct
Financial Reporting can combine entities using reporting trees.
- ✗
Configure payment terms for vendors
Why it's wrong here
Payment terms are configured in accounts payable.
- ✗
Configure budget control rules
Why it's wrong here
Budget control is a separate feature.
- ✗
Post journal entries to the general ledger
Why it's wrong here
Posting journal entries is a general ledger function, not Financial Reporting.
- ✓
Produce a balance sheet and income statement
Why this is correct
Financial Reporting can produce standard financial statements.
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