MB-920 – Q&A PDF Exam

Description

Preparing for the MB-920 exam requires focused study with reliable MB-920 study materials and practice exams. Microsoft’s Dynamics 365 Finance and Operations certification demands a thorough understanding of ERP concepts. Utilize the official MB-920 exam syllabus and study guide to ensure comprehensive preparation for achieving the Dynamics 365 Fundamentals Finance and Operations Apps (ERP) certification. Updates to the exam Our exams are updated periodically to reflect skills that are required to perform a role. We have included two versions of the Skills Measured objectives depending on when you are taking the exam. We always update the English language version of the exam first. Some exams are localized into other languages, and those are updated approximately eight weeks after the English version is updated. While Microsoft makes every effort to update localized versions as noted, there may be times when the localized versions of an exam are not updated on this schedule. Other available languages are listed in the Schedule Exam section of the Exam Details webpage. If the exam isn’t available in your preferred language, you can request an additional 30 minutes to complete the exam. Note The bullets that follow each of the skills measured are intended to illustrate how we are assessing that skill. Related topics may be covered in the exam. Note Most questions cover features that are general availability (GA). The exam may contain questions on Preview features if those features are commonly used. Skills measured as of December 19, 2023 Audience profile This exam covers the features and capabilities of finance and operations apps. As a candidate for this exam, you should have: General knowledge of or relevant working experience with an IT environment. A fundamental understanding of financial principles and business operations. Skills at a glance Describe Dynamics 365 Supply Chain Management (20–25%) Describe Dynamics 365 Finance (20–25%) Describe Dynamics 365 Commerce (10–15%) Describe Dynamics 365 Human Resources (10–15%) Describe Dynamics 365 Project Operations (10–15%) Describe the finance and operations core functionality (15–20%) Describe Dynamics 365 Supply Chain Management (20–25%) Describe Supply Chain Management core capabilities Describe Supply Chain Management capabilities and features Describe the order-to-cash process Describe the procure-to-pay process Describe products and released products Describe product master records, product variants, and product dimensions Describe pricing and discounts in relation to trade agreements Describe picking, packing, and reserving inventory Describe manufacturing strategies Describe lean, discrete, and process manufacturing Describe bills of materials (BOMs), routes, and operations as they relate to production orders Describe shop floor management Describe master planning Describe inventory and warehousing capabilities Describe costing methods Describe on-hand inventory capabilities Describe inventory reservations, picking and packing, replenishment, and shipments Describe use cases for Warehouse Management Systems (WMS) Describe use cases for Transportation Management Systems (TMS) Describe Dynamics 365 Finance (20–25%) Describe Finance core capabilities Describe Finance capabilities and features Describe organization and legal entities Describe tax capabilities Describe general ledgers Describe charts of accounts including main accounts, balance sheets, and income statements Describe journaling concepts Describe financial dimensions and dimension sets concepts Describe periodic financial processes Describe accounts payables and accounts receivables Describe core accounts payable components including vendors, purchase orders, and vendor invoices Describe vendor payments and settlements including three-way matching concepts Describe core accounts receivable components including customers, customer invoices, and free text invoices Describe credit and collection processes Describe expense management, fixed asset management, and budgeting Describe cash and bank management concepts Describe expense management capabilities Describe fixed asset management capabilities Describe budgeting capabilities Describe Dynamics 365 Commerce (10–15%) Describe Commerce core capabilities Describe Commerce channels Describe channel management concepts Describe product hierarchies and assortments Describe retail pricing and discounts Describe e-commerce capabilities, including business-to-business (B2B) and business-to-customer (B2C) Describe Commerce clienteling and Dynamics 365 Fraud Protection Describe customer loyalty concepts Describe how to create personalized customer using clienteling Describe how Fraud Protection reduces fraudulent activities Describe Dynamics 365 Human Resources (10–15%) Describe Human Resources core capabilities Describe workers and positions Describe the hire-to-retire process Describe leave and absence capabilities Identify integration options between Human Resources and LinkedIn Describe compensation and benefits capabilities Describe personnel management capabilities Describe self-service capabilities Describe employee training and certification features Describe performance management capabilities Describe Dynamics 365 Project Operations (10–15%) Describe Project Operations capabilities Describe project-based services and project types Describe project sales capabilities Describe project contract capabilities Describe project pricing capabilities Describe the project lifecycle including project invoicing and revenue recognition Describe project planning and management capabilities Describe project planning, scheduling, and resourcing capabilities Describe work breakdown structures (WBS) Describe project cost tracking capabilities including time and expense costs Describe the finance and operations core functionality (15–20%) Describe the finance and operations apps Describe enterprise resource planning (ERP) Describe finance and operations apps use cases Explore the finance and operations user interface Describe reporting and integration capabilities in finance and operations apps Describe built-in reporting capabilities including workspaces Describe options for analyzing data by using Power BI Describe Microsoft Office 365 integration capabilities, including Microsoft Excel, SharePoint, and Teams Describe Microsoft Power Platform integration options Describe Business Events integration capabilities Sample Question and answers QUESTION 1 A company plans to implement Dynamics 365 Supply Chain Management. The company wants shop floor workers to register their daily work by using the production floor execution interface. Which two activities can employees perform by using the tool? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Schedule a production order. B. Register scrap quantity during production. C. Register raw material consumption. D. Clock in and clock out. Answer: B, D QUESTION 2 A candle manufacturing company plans to use Dynamics 365 Supply Chain Management. The proportions of ingredients differ for each finished product. You need to recommend a manufacturing type for the company. Which type of manufacturing should the company implement? A. Process B. Lean C. Discrete Answer: A QUESTION 3 An organization has two legal entities. Items may be sold by one company only or by both companies. You need to recommend a solution to standardize the items across the legal entities. What should you recommend? A. Lifecycle Services B. 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