MB-920 Describe Dynamics 365 Finance Practice Question
Which TWO features in Dynamics 365 Finance support compliance with regulatory reporting requirements for financial statements?
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
✓
Electronic reporting
Options C and E are correct because Electronic reporting allows configuring tax and financial reports per regulatory formats, and Financial reporting enables designing reports compliant with GAAP/IFRS. Option A is incorrect because Budget control is for monitoring budgets, not reporting. Option B is incorrect because Intercompany accounting is for internal transactions. Option D is incorrect because Fixed assets management is for asset tracking, not reporting.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Budget control
Why it's wrong here
Budget control is for enforcing budget limits, not for regulatory reporting.
- ✗
Intercompany accounting
Why it's wrong here
Intercompany accounting handles transactions between legal entities, not regulatory reporting.
- ✓
Electronic reporting
Why this is correct
Electronic reporting allows configuring reports in regulatory formats such as XBRL or tax declarations.
- ✗
Fixed assets management
Why it's wrong here
Fixed assets management tracks fixed assets, but does not directly support regulatory financial reporting.
- ✓
Financial reporting
Why this is correct
Financial reporting enables designing financial statements that comply with regulatory standards like GAAP or IFRS.
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