MB-920 Describe Dynamics 365 Finance Practice Question
Which TWO features in Dynamics 365 Finance help organizations comply with international accounting standards such as IFRS? (Select TWO.)
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
✓
Multiple posting layers
Multiple posting layers allow organizations to maintain parallel accounting standards for compliance with IFRS and other international accounting standards. Option D is correct because dual currency support enables financial reporting in multiple currencies, which is essential for IFRS compliance. Option B (Vendor payment proposal) is incorrect as it relates to accounts payable, not compliance. Option C (Budget control) is incorrect as it is an internal budgeting tool. Option E (Fixed asset management) is incorrect as it pertains to asset lifecycle management, not specific compliance features.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Multiple posting layers
Why this is correct
Multiple posting layers allow for parallel accounting (e.g., statutory and IFRS) within the same legal entity.
- ✗
Vendor payment proposal
Why it's wrong here
Vendor payment proposal is a payment processing feature, unrelated to accounting standards.
- ✗
Budget control
Why it's wrong here
Budget control is for internal budget management, not for external compliance.
- ✓
Dual currency support
Why this is correct
Dual currency support allows transactions in operational currency and reporting in a different currency, which is essential for IFRS compliance.
- ✗
Fixed asset management
Why it's wrong here
Fixed asset management is a functional area, not a compliance feature for IFRS.
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